The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-02-12
GRAIN MARKETS

THE MINNEAPOLIS MARKET
The market was weaker this morning
at the opening on the heavy worlds ship
ments and lower cables, May wheat OPP
ened at 611a@6lssc, sold up to 61ssc which
was the top price for the day, and from
that point steadily declined to Gle, at this
price there was very good buying, and the
market reacted 1sc several times, the buy
ers We're all filled up at one time and prices
broke through that point, and sold down
to 60Mc which was the low point on re-
ports from Chicago that a large amount
of cash wheat had been worked the early
sellers turned buyers, and prices reacted
to 61ss @61l9c closing at 61A @61ssc, loss
of 5sc for the day.
Local stocks decreased for the week 100,-
200 blu. and Duluth increased 5S2,400 bu..
the visible supply decreased $4,000 bu.,
making the total stocks 66,119.100 bu., four
te nemillion bu. less than last year, the
clearanceS were large 567, 400 blu. of wheat
and -four from the four Atlantic ports,
the primary receipts continue large 572,-
SEQ blu. against 145,500 blu. last year, Min
neapolis and Duluth received 435900 blu. OF
today's total. the amount Of wheat on
passage increases $780, 900 bu., the English
visible decreases 1874, 600 bu., the worlds
shipments are reported at 100000 bu. this
amount is liable to be cut down slightly
tomorrow when the official reports come
out. The shipments of wheat from the
Black sea are heavy, and these taken In
connection with the shipments from the
Argentine, makes the bulls on wheat
pause and reflect that perhaps the markets
onthis side are allowing the other coun-
tries to fill the orders at present as prices
on this side are allowing the other coun-
and that it would be to the interests of all
concerned to see the prices on a shipping
basis, and wait until the movement out of
the country is heavier before there is
much more Of an advance in prices
Local reports were 400 cars against 115
cars last year, No. 1 northern sold freely
at 1Mc under the May option, and few
! cars went. what few cars were left drag
ged little.
THE MINNEAPoLIs MARKET.
Open High Low Clos.
ing. est. est. ing.
May ...: -. 80: 1880: si5: SIS sois sIss
On Tracking. hard, soisc:; No north tn.
SAMPLE SALES ON CHANGE.
No. 1 northern, So cars Coo.
No. 1 northern, 16 cars, to arrive, 600.
No. l northern, IL cars. to arrive, $3.50.
No. 2 northern, 8 cars. 5SAc.
No. northern, 2 cars, 59Ac.
No. northern. l car, 591ac.
No. northern, cars, soc.
No. 3 wheat, II cars SIC.
No wheat, cars, 5Sc
No wheat, cars, Size.
No. 3 wheat cars, 56kc.
No. wheat, 6 cars. SEC.
Rejected wheat, 6 cars, lbs off, SEC.
Rejected wheat car, lbs off. SIC.
Rejected wheat, l car lbs Off ACC
Rejected wheat, car, smutty and FROST
ed, 55ihc.
Rejected wheat . cars lbs off, 55c.
No. white oats, / car, 1870.
No. oats, 4 cars, 1SHc.
NO. 3 oats, l car, on. track, 1910.
No. oats i car 1SAc.
No. 3 oats, 1 car 1S%c.
NO. 3 white oats. car. 1S1ac.
Sample barley. car, &c.
No. rye, l car, 341ac.
MINNEAPOLIS COARSE GRAINS.
t1our-The trade as general thing is
hesitating. The wheat market has held so
persistently to a higher level Of values that
many of the flour factors are beginning to
look for chance to get in. On the other
hand the milers have an abundance of
hour to offer and with only small part
of the buyers taking hold there is found
good deal Of difficulty in lifting the price
or flour to a point bearing the same re-
latlon to wheat prices that they did be-
fore the rise. Any attempt on the part of
millers to advance the price of -four is met
by dropping off even in the regular
trade which as a general thing takes little
or no notice of changing values in the
wheat market. The aggregate of sales to
thls general trade is much larger than ever
before at this time of the year as the ter
ritory over which it extends has been so
greatly widened since last fall. and is
found to be extending its limits as rapidly
AS the small supplies of winter wheat in
the different localities become exhausted.
The mills in the winter wheat country as
general thing, are grinding less spring
wheat than they did early. They have
found that they cannot successfully grind
It and that the trade must have a spring
wheat flour ground in a spring wheat mill
The result is that many of these mills have
become fairly good buyers here and are
using this flour to hold their trade until
next harvest The prices quoted by the
mills today are unchanged from those
quoted for some time past and as there
is little trade which can be based upon
the wheat market change of a half cent
or so in wheat is not considered as war
rantinS change in flour quotations.
Bran and Shorts-The market holds