The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-10-03
The MARKETS..
PRODUCE MARKETS.
The Wheat Market Weak and Lower
Gables DiscournginE-Thc Eng
Iish Visible Shows Large In


crease. -.,5--...----
MINNEA POLLS CHAMBER OF CON-
MERGE, Oct. 2.-The speculative branch Of
the wheat trade opened fairly steady this
morning, but its course throughout the
morning session manifested weakness and a
general lack of faith in the bull movement
of yesterday. The trade generally felt dis
appointed this morning when reading the
cables from abroad. Each and every one
showed an utter Indifference to-. our little
squirt of yesterday. Liverpool wheat was
quoted at I'D lower, London inactive and
unchanged, Berlin unchanged and Antwerp
Stagnant. Abel Rey's Paris cable said that
their market was heavy and not likely to
respond to any advance made in America.
The English visible shows an increase of
100000 bu, which is more than. an offset to
the large decrease on passage reported yes
terday. Indian shipments for the week ag
sreSated $4,000 blu; Baltic and sun6ry ports,
3,3bOCOO bu, and American, 2,562, 600 bu, the
total being very near the weekly require
ments of all importing countries. When we
consider that stocks are very heavy in
nearly all European centerS, there should
be no wonder at the weakness on general
business principles. These heavy supplies
must be worked off before any material
Improvement take place. Latest Eng
lish advices say that wheat markets are
in distressngly dull condition, out of
which nothing seems able TO move it. A
decrease of 100000 bu in the quantity afloat
passed practically unnoticed. The Argen-
tine again receives some notice, but the
reports are not at all friendly. to the hopes
OF higher range of values. Clearances
from the seaboard were very light of both
wheat and flour and no new export trade
reported up to noon
December wheat opened at 55hc being the
same as at yesterdays close, declined to
3i7sc, advanced tc 55lsc lost 1-16c, gained
Lice and by noon sold at SOC.
May wheat opened at 5St4c, being &c I'M
der yesterdays close, declined to- 577sc, adj
vanced l4c, lost Sc gained &C. again sold
at 5'7sc and By noon held at SO Lice bid.
The cash wheat market may be called
active at current prices. Local millers We're
about the only buyers on the floor. The
bulk of the receipts went to apply on sales
previously made. No. / hard sold at 56lac,
No. l northern ut 55i2c and No at 5ic.
Sales were made as per statement below.
Receipts here were 43l ears shipments 80
ears.
AT the beginning of the noon hour there
was quick spurt upwards. gaining sc for
December wheat. The advance, however
was of the soda water sort. The cork was
pulled. free air soon caused the market to
be fiat. Bradstreets report showing an in
crease of 4.2S5o00 bu in the available prcked
the bubble, and the advance was quickly
lost. The market closed weak and lower
Closing cables also came weak and lower.
The worlds stocks increased 100000 bu
during the week. The bulls are disconso-
late. October wheat closed nominally at
size, December at 5424c and May wheat
at 51a4c
ACKNOWLEDGEMENTS OF PRICE
May-Openng, 5SAc; highest, 5S14c: lowest.
31&tc: closing, today 57$4c, yesterday 5SSsc.
Octorer-t losing. today 54l4c. yesterday 5ls4c
ecemhef-opening, 55l4c; highest. 552sc low
est. 3i2ic: closing today 54& c, yesterday 55l.c
ON Track-No. / hard. 56l4c; No. northern
a3'4e; NJ. northern, 52+4e.
ufb on MN WHEAT Nominal
luts on May wheat OBSERVATION-DISCLOSURES. .57as
Calls May wheat OBSERVATION-DISCLOSURES. .577s