The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-06-06
PRODUCE MARKETS.
The Wheat Market Higher and Strong
ON Bad Crop Reports and Better

The Wheat Market HIGHER and Strong
ON Bad Crop Reports and Better
Cables.
MINNEAPOLIS CHAMBER OF CON-
MEHCE, June 5.-Speculative wheat opened
nlgner this morning and continued strong
but not active throughout the morning SEES
sion The news of the day was nearly all
publish In tone from every quarter Cables
were frmer, with demand improved. Ger
many reported that the crops were suffer-
ing from unreasonable weather and that
prospects generally were not quite as good
as they were week ago. In our own coun-
try the crop Is reported to be suffering for
lack OF rain in some portions and cold,
backward weather in other portions. The
Kansas millers' convention in their report
state that they do not believe that Kansas
Will raise more than Il, 0O0, 900 Of bushels of
wheat. This is certainly very bullish, but
the trade refuse to credit the statement
Inc chief reason for the strength how
ever, comes from the Argentine. Advices
say that gold has taken big drop. If this
be true it will put a stop to their offering
tnelr wheat at the ruinouS prices at which
they have been selling it for months past.
Early advices from New York reported a
good demand for export, but later it de-
Veloped that there were certainly a number
OF bids from the other side, but such prices
that they could not be worked The course
or the market here possessed but little
feature after the first furry was over and
towards noon appeared little weak Clear
ances from the seaboard were fairly liberal
July wheat opened at 571kc, against 5ih@
57Ac yesterdays close, firmed up to 57a4Q
571sc, sold at 575sc, firmed up Nc and de-
clined to 575sc by 11:30 and at noon sold
at 57Ac.
september wheat opened at 553sc, against
So 1-16c yesterday, gained Nc, lost 1sc, firm
ed up to 55s4c, sold at 551a@555sc by Ills
and at noon held at 557sc.
Wy lxpt OF rto y,
good demand at yesterdays figure for
No 1 northern. Shortly after the opening
the market for futures showed consider
able strength. Holders of cash stuff i'm
mediately put up their asked price Nc At
this buyers withdrew and at noon there
was considerable remaining unsold with
sellers quite willing to grant concessions.
at 59a4 @60c for choice and No. at $3.50
SOC. Sales were made as per statement be-
low. Receipts here were pol cars, ship
ments % cars.
During the noon hour the market ruled
very dull and weak. Bradstreets state
ment shows decrease of 2,297,O00 blu in
the available east of the Rockies and 100,
COO blu on the Pacific coast. Closing cables
were higher, Berlin being especially strong.
July wheat closed at 571ac, and September
wheat at 553sc
June-closing today, size; closing yes
terday, 571sc.
July-Opening, size; highest, 577sc; low
est, Size; closing today, 571ac; closing yes
terday, 571s0to74c.
September-Opening, 55asc; highest, 55ac;
lowest. $3.50; closing today, $685. closing
yesterday, 55d55Bc.
On Track-No. 1 hard, Gle; No. 1 north
ern, 591ac; No. northern, 5Sc.
Curb on July wheat NEUTRALITY-SUSPICIOUS.. .571s
Puts on July wheat, sellers. ............ 81.
Calls on July wheat Observation-Disclosures. .57aA