The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-03
MINNEAPOLIS GRAIN.

MINNEAPOLIS, Dec. 2.-The speculative
wheat market opened higher this morning
and for few minutes appeared to be quite
strong. Free selling, however, caused the
market to weaken and a quick drop of
full cent for the May future was the result.
From this point there was rally of 3sc to
NC where the market rested for little, then
declined sharply to slice by II 10 a. m. after
which the market ruled nervous and weak
during the greater part of the morning ses-
sion. The news of the day little mixed
in character. First cables were conflicting
some being higher and others lower. Second
cables were unanimous in advising of fur
Their declines in Liverpool and London, show
ing a. net decline of Id per- Genital in Liverpool
San Francisco reported fair inquiry from
Australia, and that their wheat stocks had
decreased LIS 900 bushels since Nov l. I,y-
erpool and London stocks both show much
smaller stocks on hand than for years Chi
caGo advised of 100 600 bushels being taken
late yesterday for Philadelphia and Baltimore,
anc that today a good sound lot was being
worked for the same parties New York re-
ported that foreigners were selling little
May and that new export trade was very light
The wheat market has been dosed with so
much bull news during the past fortnight
that any ordinary piece of favorable news
lacks favor and has no effect on the market.
report from Chicago has it that there will
be very large amount of December wheat
covered Just as soon as navigation closes.
TINS may be true or it may be given out
to influence the market only.
Closing cables quoted Liverpool cash wheat
ID lower and futures Ad lower; Paris 10 to
10 cenllfneS lower; Berlin, * to II mark
higher Clearanees from the four chief At
lantic ports aggregated $50 900 bushels 80 coo
bushels of which was in the form of wheat
December wheat ruled weak with but very
little trading in it. December opened at S11hc
Being the same as yesterday, declined 10
S01sc, gained 1sc, and gradually declined to
SoAc by Has and by noon held at S0Ac
May wheat opened at S224c being 2sc higher
than yesterday, lost &c, gained Lie sold
Gown to S21sc, gained 1sc dropped to S12Lc.
frmed up to 50 1-16c, dropped to size. ad-
vanced to SIC, sold down to S115c gained nc
lost 1sc by J1:40 and by held at S13kc
The cash wheat market was rather slow
with northern mostly selling at one cent under
the May future. Wheat to arrive was quite
active No. l northern sold at Sic to Size
and No. at Soc Sales were made as per
statement below. Receipts here were 221 cars:
shipments, 81 cars.
The local wheat market ruled very quiet
curing the greater part OF the last hour of
the session with the undertone weak. Chicago
sdVsed Of some good round lots of cash wheat
being. taken today, but did not affect the
speculative branch of the trade. December
wheat closed at soc and May wheat at size.
WHEAT RANGE
May--Opcning, s2s<c; highest, S2szc: lowest.
S0hc; closing, today size; yesterday, s2ssc'
Deeember-Opening, S11sc; highest size:
lowest. 79Ac; closing. today. SIC; yesterday
S11sc. - - >
On Track-No. l hard, size; No. / north
ern, S0Mc No. 2 northern, 1870; December
oats, lSc; faxseed. 7@Ac.
Curb on May wheat bid .......... s1A