The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-24
MINNEAPOLIS GRAIN.

MINNEAPOLIS, Dec. 23-Wheat opened
higher and strong this morning and ruled
strong and active throughout the morning
session. The trading around the opening,
though higher than yesterday, showed signs
Of nervousness. Operators were not quite sure
of their ground. They wer perfectly satisfied
regarding the position of wheat, but not
quite clear to the financial sky. The
extraordinary strength shown at the sea-
board for cash wheat, however, soon settled
the matter. trading became active and prices
went steadily upward till a net advance of
IL for May was scored. The news of the
day was not voluminous, but it spoke vol
umes. New York advised that 800 900 blu had
been taken for export yesterday, and the aft
ernoon previous and pointed to the fact that
December wheat sold at 21ac over the May
price, January at &c over May and March at
S12c over May. All houses in New York
having foreign connections were large buy
ers. Chicago advised that 250,OO0 bu had
been taken today for export, and that more
was being worked. First cables quoted Liver
pool I'd higher for all Positions Second ca
bles advised of I'D advance on the opening
and closing cables IA higher, a net advance
OF Id for the day. The strength shown in
all foreign markets is explained on the the
DRY that offers of wheat at present prices are
not up to the requirements, and that as soon
as the holidays are over this position will be
more pronounced. Speculative markets are
all dull this side, because of financial nm
certainties. The Cuban question has ceased
to be factor for the present, but fears are
still entertained that someniIng mIschievous
may develop later. The news of a bank fall
uro at west superior arrested the attention
Of many for a few minutes, but had no per-
cepuble effect on values. Clearances for the
day were large, being 1924 blu from the
four chief Atlantic ports late advice from
Chicago said: There number Of orders
here for cash wheat which cannot be filled
at present prices"
May wheat opened at 79Hc against 7Sa.c
yesterday, lost 1sc, frmed up to 793ac. lost
Nc, advanced to 791ac, dropped TO 791Ic
gained Sc lost nc, frmed up to 7slz@795sc,
sold at 7912c, advanced to soc by II 10 a. m.
lost nc by u:45 and by noon held at 79% n
1870. 4~
The cash wheat market was active with
the demand good on a basis of 1%lc under
May. No. l northern, to arrive was little
better. sales being freely made at 1Ec under
May. No. northern sold mostly at TIKI 078c
and No 2 at 76G7615c. Sales were made as
per statement below. Receipts here were 297
cars; shipments. "A cars.
The market ruled weak during the last hour
OF the session through the free realizing nv
scalping longs, but closed strong at a good
ADVANCE over yesterday December wheat
closed at 7674c and May at 7915Q79%c.
RANGE OF PRICES.
May-Opening, 79Kc; highest, SOC; lowest
Isasc; closing, today, 791sG795sc; yesterday.
7SAc. MISUNDERSTANDING, today, 72Ibc: YES
terday, 71%c. MISUNDERSTANDING. today.
76$c; yesterday, Tee.
on Track.No. hard, 791sc; No. northern.
77%c:, No. northern, 7essc; December oats.
lie; haxseed Zoe.
Curb on May wheat ........ 7elk07on
fuls on May wheat .............. 70
Calls on May wheat. sellers .....,. s0n
SOME SAMPLE SALES
No. northern. 4s cars .....77x
NO. northern, 10 cars ...............,Is