The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-25
MINNEAPOLIS GRAIN.

MINNEAPOLIS, Dec. 24-Wheat, which
scored a good advance yesterday, opened this
morning strong at a further advance and
ruled weak and rather inactive up to noon.
This, however, was generally expected 1t is
always so on the eve of holiday, and in this
case the holiday is prolonged to three days
No wonder, then, that the trade generally
felt like evening up of trades and be free to
enjoy their holidays. The news of the day
was largely Of the holiday sort, advising of
quiet markets both at home and abroad. Liv-
erpool, London and Paris markets were all
fract1onally higher, but not active. New eX-
port demand was light at the seaboard and
the cash demand at all Eastern points very
light Clearances for the day aggregated only
$50 GOO bu Of wheat and flour. Clearances for
the week will be considerably less than last
week. Local stocks are expected to show an
increase Of about lie, 0e0 bu.
The Corn Trade News referring to the
wheat situation; says: Should it be proved
true that during the ensuing L. fBonths South
America, comprising Argentine Uruguay and
Chile. will send only betweeRRyA00 600 and
100000 quarters, India only asbagatelle, or
perhaps nothing, and that Australia and At
RIGA will be steady importers for the whole
year, then the situation will become interest
ing, If not critical The position would be
like this for the calendar year 1897: Worlds
requirements imported breadstuffs, so 0G0, 900
quarters; sources of supply, Argentine Uru-
quay and Chile 8, 600 quarters; India L.
600 geo quarters; minor sources, 1000, 900:
without the United Kingdom, United States
and Canada, 100000 quarters; balance re-
quired, As COO quarters Here is an assur-
ance of a continued demand upon two main
sources of supply that hitherto they have
not been able to cope with. Never have i'm
porting countries been so dependent upon
two old-time sources of supply never have
importing merchants had so few chances to
rely on and to cap all, the European countries
have become the second biggest competitors
with this country for the surplus of Amer
lea
May wheat opened at 797sc. against 1910
1880 yesterday lost Zee, irmed up to 1881 a
1880, sold at 1850, gained &c dropped to
1914 0793sc, frmed up to 1870 declined to
79Ac, hrmed up to 791ac by II 80 and by noon
held at 7sss@7915c.
The cash demand was a little slow today
for all grades. Rejected and no grade was hard
to move. Material concessions had to be made
mostly at 77A@78Ac and No. 2 at 761b6D77c.
Sales were made as per statement below. Re-
cepts here were 215 cars; shipments, So cars.
The wheat market was very quiet during
the greater part of the noon hour. Berlin
wheat closed at y mark higher. and Liverpool
steady at I'd net advance. December wheat
closed at 76zc, and May at 793s@791ac.
Open High Low Closing.
Wheat ing. est est. Today Yes
May -. .......7s% 1918 70 1-16 791S 1875
september ~ 7212
On Track-No. i hard, 7SAc; No. i north
ern, 7712c; No. northern, 76c; December
oats, lie; fax seed, 701ac.
Curb on May wheat, bid. .79%
Puts on May wheat 1879
Calls on May wheat, bid ..si.... .S05k -3ss
SOME SAMPLE SALES
No. / northern, 10 Observation-Disclosures. Tx
No. northern, cars ........ses. .3s....s. .7s