The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-04-24
THE MARKETS.
PRODUCE Markets.
The Wheat Market Excited-AnOther
Good Day for Bu1ls-Ca bles Higher.

The wheat Market EXC1ted-AmOther
Good Day for Bulls-Cables Higher.
Active and StrOnE-A Large De-
crease in the Visible.
MINNEAPOLIS CHAMBER OF COM
MERGE, April 22-Wheat opened wild and
excited this morning. Long before the
opening anxious crowd of traders had
congregated in the chamber and read with
eagerness the short dispatches from CHI
caeo As to the range of values of wheat on
the curb. At one time the advance
quoted at cents advance over Saturdays
figures. AT $50 a. m. there was a general
rush for the speculative pit and for several
minutes it would appear to an outsider
that Bedlam had been let loose. Every
body wanted to buy wheat. First prices
were 1Ac over those at Saturdays close
and held steady for few minutes. Scalp
Ing longs saw good profit by unloading
and did 50. Before 10 a m. the greater
part of the advance was lost Good buying
orders however caused the market to rally
and in a short time the early loss re-
covered and a fraction additional From
1890 up to noon the market was compar-
at.vely quiet but strong and not inclined to
bulge from it's advanced position. The
commercial news of the day was very
meagcr owing to traders being kept too
busy to afford time for gossip. Early
cables advis ed Of good advances in Britain
and on the continent and second cables ad-
vised of still further advances at Liverpool
the first time in months. The continued
advance on this side has at last awakened
the foreigner to the fact that the recent
advance has come to stay. There will
doubt he ups and downs in prices but the
general tenor will be upward for some
time yet Clearances from the seaboard
were larger for the week and the visible
supply showed a decrease of 1851, 900 bushels
for the week. This is a large decrease but
not up to the figuring of Saturday: Local
stocks decreased $4,000 bushels. TOday's
clearances aggregated $4,000 bushels wheat
80 barrels -four Sc OOO bushels corn and 81.
900 bushels of oats. New export trade only
fair as prices checked the demand The
domestic however continues good. Berlin
wheat market closed IL marks higher
May wheat opened at 6SAc against 62hc
at Saturdays close advanced &c. dropped
to 621bc advanced to 63hsc, lost SIC, firmed
up to 632sc and declined to 62AG627sc by
noon.
July wheat opened at 641Ac against 63c
yesterday, declined to 63ssG631ac, firmed up
to 643sM64lac sold at 63a4c, advanced to 64bc
and gradually declined to $3.50 by noon.
The cash wheat market was a little slow
for the spot stuff but the demand for wheat
to arrive was brisk. No. hard wheat sold
at 65Ac. No. 1 Northern at 64A to 64Ac.
mostly to arrive. No. 2 Northern sold at
G. to e31;c. Sales were made as per state
ment below. Receipts here were 24S cars.
Shipments 26 cars.
Dur rg the noon hour the wheat market
was rather quiet with but little trading
done Closing cables were generally strong
and higher A private cable received re-
ports unfavorable weather in Germany for
growing crops and accounts for the
strength shown there The last Is min
utes of the session was very active and
strong causing advance to the top fig
ures of the day. May wheat closed at
633sc and July at 64Ac
Minneapolis range of price,
Aprl-Closing. Saturday. 62A.
May-Opening. 63A highest. 63A: lowest.
621s; closing today, 63as: Saturday. 62h.
July-Opening, 6412; highest. 6414; lowest,
631a; closing. today. 64A; Saturday, 63.
On track-No. l hard, 65; No. l northern,
GIL: No. northern, 63A.