The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-02-20
The MARKETS..
PRODUCE MARKETS.
The Wheat Market Nervous and Cen
orally Weak-Ther Decrease In the
Visible Larger Than Eyupcted

u
orally Weak-The~ Decrease In the
Visible Larger Than Expected.
MINNEAPOLIS CHAMBER OF COM
MERGE, Feb. 1S-The local speculative
wheat market opened lower. weak and
nervous this morning, and continued weak
up to His a. M; "spurted' little on the
announcement that the visible supply had
decreased 100000 blu more than expected,
but soon sagged back and by noon the
patient was weak, requiring another tonic.
AT the opening there appeared to be a gen.
eral desire among longs to unload. but
the cold reception they received caused
them to withdraw their offerings and as
consequence the market ruled dull for an
hour. Early cables came steady to firm
at 14d to ed lower in Liverpool in the face
of our break on Saturday, but the news
from Chicago and New y ork was not in
spring for the bulls. 1t stated that shorts
had covered freely on Saturday and that
they were in better position than ever
to attack the market on any rally, and
that unless some marked change in the
situ2t ton, such as crop damage or an in
creased foreign demand should occur, the
market would likely sell off. New York
reported that there were mere acceptances
than for many days both for wheat and
flour, but also reported that foreign houses
bought options against it today. This is
not Strengthening feature by any means.
Another from the same point said that.
though our visible shows a larger decrease
than expected, this afternoon or tomorrow
morning viii show a large increase on
ocean passage, which VIII prove to be
more than an offset to our decrease in the
visible. Locally we show a decrease of
600 Blu in store, but Duluth shows as
nearly as much of an increase in store.
Clearances from the seaboard Were quite
liberal of wheat and flour, but will have to
increase more rapidly to insure relief for
the immediate future.
May wheat opened at 55c, against 55Hc
Saturday, declined to 5l24c gained &c, lost
7sc, firIned up to 55lsQ55hc, and by noon
held al 55isc
July wheat opened at $3.50, against 561kc
Saturday, sold down to 55iam555sc, firmed
up to 597sM 56c, and lost sc by noon.
The cash wheat market was fairly &C
tive, but at the expense of values Prices
are gradually getting down to their natural
level. No. ] hard was sold at 574c, No.
i northern at 56Ac to 5612c, and No. 2
quoted at 1c under No. l. Sales were made
as per statement below Receipts here
were 229 cars; shipments. "a cars
During the noon hour the wheat market
ruled remarkably strong, for what reason
it was hard to determine, other than that
Chicago and St. Louis showed strength.
Cables We're weak. Corn has been the lead
for some time, and an extraordinary
demand at st. Louis for corn futures pos
sibly may have affected wheat. May wheat
closed at $3.50 5512c, and July wheat at 564c.
The following the range of prices:
Fehruary-Closing today, 55&4c; closing
Saturday. 5512c.
May-Openng, SOC; highest, SOC; lowest,
542ic; closing today, 552sM251ac; closing Sat
urday. 55l.c.
July-Opening, 557sc; highest, 56Ac low
est, 55l2@553sc closing today 56Ac; closing
Saturday 561sc
On Track-No. 1 hard 57lac; No. 1 north
ern, 56iAc; No snorthern, SOC.
Curb on May wheat ................... 5522ss- -
Puts on May wheat, sellers .......... 55A
Calls on May wheat. bid 555s "a
SOME SAMPLE SALES.
No. l hard. cars NEUTRALITY-SUSPICIOUS.. 57H
No. l northern, cars Observation-Disclosures. 5612
No. | northern, 80 cars ................... 5614
No. | northern, 3 cars ................... 56
No. 1 northern to arrive, cars........ 56la
No northern, to arrive, b., 2 cars 56$4
No. l northern, to arrive 5000 bu..... 562s
No. northern. l car ..................... 55A
Rejected wheat, lb. off, smutty l SO
Rejected wheat, ID. Off smutty cars 81
Rejected wheat, l ID. off, cars........ "a
Rejected wheat, Id. off, l car........ ssh
Rejected wheat, l lb. off, l car ........ So
Rejected wheat. lbs. off, 1 car ........ So
Rejected wheat, lbs. off, l car........ SO
No. oats, 5 cars NEUTRALITY-SUSPICIOUS.. %
No. oats, o. W. b., cars ............ 2914
No. mixed oats, l car .................. %
No white oats, cars .................- 291i
Sample oats, o. w. b., cars .......... 1912
Red winter wheat, to arrive, l Id. off,
Sample wheat, INSTRUMENTATION. So