The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-11-11
THE MARKETS.

MINNEAPOLIS CHAMBER OF COMMERCE.
Nov. S-The ioeal wheat market opened lower.
sna n1r e 81 sw
to buy the market quickly became strong and
active. scoring &c advance during the first
half hour. From 10 to II a. m. fluctuations
SIC . was paid for :becembsr wheat after which
there was iuil In trading. but no inclination
TO weakness. First cables were firm In tone.
with advances fractionaL in -Liverpooi and Lon
were all strong and advancing. that there was
M change in the position in India, and that
from Ireland. 1t is said that the potato crop in
that country is almost total failure. Second
strength in whea, at Paris. because of the un-
favorable weather for seeding in France. From
= the Argentine we learn that locusts are playing
havoc with the growing crop. European stocks
show a good-sized increase. and will relieve the
pressure of immediate demand. The Black Sea
the week. which is much larger than expected.
Wheat on passage is now 30, ~, 900 bu. against
512OOOO blu, against 6.9sO,OoO blu last year. In
crease on passage for the week Is only 10000
show an increase Of over 100000 bu: instead OF
this We have an increase Of only 1.243, QUO blu.
Clearances from the Atlantic seaboard aExre-
gated 535, 600 bu of wheat and flour as wheat.
One thing regarding our market that puzzled
a good many the fact that were 1Q11zc
ever, is not to be wondered at when the price
Of cash wheat al! the country is higher
than the December price. The Chicago specula-
tive market is the lowest in the country. but
the cash price OF No. 2 red there is 8hc over
December. 1t Is the actual cash demand that
is taking the lead. Speculation is only fol-
lower.
December wheat opened at 7Sc. being sc
under Saturday, advanced to 7S1sc, lost hc. ad-
vanced sharply to $685. lost sc, frmed up to
solac, lost &c. advanced to SyAc lost ,sc, frmed
up to Sic. lost nc, gained Nc. sold at SOasc at
11:45, and by noon held at 8O%c.
May wheat opened at S1cs being sc under
S3c. lost 1sc, gained Ac, lost sc, sold at $685.
lost Nc, frmed mp to S3hc, lost &c. advanced
to e3Ac. and by noon held at 827sc.
The cash wheat market was very strong from
the start, with No. generally bringing 1c over
the December price. Those who sold late had
ranged from 79hc to S1Ac, and No. at 77H0
19l2c. The demand Tor all grades very
good. Sales were made per statement below.
Receipts here were SIS cars, and shipments Is
cars
During the noon hour the market ruled active
realizing by longs whose trades showed big
profit. Closing cables quoted: Berlin, N marks
higher. Paris-Wheat 20Q25 centimes higher
end flour e5Gl75 centimes higher Liverpool,
strong at small advance. November wheat
closed at 79c. December at 79nc and May at
S2Ac
NEUTRALITY-SUSPICIOUS. OF PRICES
May-Opening, Sic; highest, S3Ac lowest Sic;
closing today, S23sc; closing Saturday, S1Asc.
November-Ciosing today, 79c: closing Satur-
dav. TIC. 't. -
December-Opening, 7sc: highest Sic: lowest.
On Track-No / hard, Sic: No. / northern
19a4c; No northern. 77Ac: November oats.
17l2c: fax, Zoe.
Curb on December wheat. 79sl
Puts on December wheat, ............... 771s
Calls on December wheat 50