The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-11-18
THE MAk!tlTs:.

MINNEAPOLIS CHAMBER.,, OF COM
MERGE. Nov. 16. "A snervous sirregularity
characterized the local wf1eatss market
throughout the morning session. Wheat
futures opened lower and in the main
ruled weak throughout. Grading may be
called fairly active, but when active. at the
expense of values. The news Of the day
was entirely of a different hue to that
which the market has been accustomed
for some weeks past. There were doubts
thrown on the truth Of much that has
been received and believed. First cables
advised of barely steady markets on Liver
pool and London. Berlin was reported
weak at prices quotably unchanged. Sec
to IL decline at Liverpool and buy
ers Indifferent. The worlds ship
ments for the week were very
large, aggregating $4,000 bushels. Amount
on passage is now 81. 1920, 900 bushels against
26,160OO0 bushels same time last year. In
crease on passage for the week was 1900 600
bushels. New York advised that foreigners
were sellers of futures but that cash wheat
was in good demand. Chicago advised of
some good round lots being taken for ex-
port, also large quantities taken by Ohio
millers. In fact 1t was the demand for
cash wheat that saved the futures market
from going materially lower. Liquidations
Of December was the chief feature Of the
morning. Late advices report a better out
look for the Argentine crop, more favorable
conditions for seeding in France and Rou-
mania and that the position in India Is not
quite as bad as reported.
Beerbohn's Cables-No rain has fallen in
Indla where most needed. Daunbian
wheat shipments to Europe 1,456,000 blu.
for the week. Corn 12S,0OO blu.
A London Times special cable says there
Is a cry from India for maize. Dis
tress beginning to be felt in the Coded dis
trlcts OF Madras and suggest immediate re-
he1 IN the shape Of American corn. The
visible supply statement was surprise to
the trade for the reason that it was gener-
ally expected that this week would be about
stand off, instead Of this we have an in
crease Of 1,0S5,0CO bushels. This Is
not large for the season by any means.
same date last year the increase was 3, 293,-
OOO bu. Clearances from the seaboard were
hberal of both wheat and flour.
December wheat opened at 78c against
'Sa4c' Saturday advanced to 7S1s to 7SAc,
sold at 77%c firmed up to 7Shc, dropped
to 77asc. advanced to 78c, lost &c.
gained &C. held at 775s@74c by HAS. and
by noon sold at 779s. '-'- '"-
May wheat opened at S1ssc against $50
oiAe Saturday. sold at $685.. hrped. up to
Size, dropped to 807Sc, adva mediate g. 1-16c
SOLD at NAc, advanceds~ to- 81c, lost Nc,
firmed up to SOAc, sold down to S0asc, ad-
vanced to SOAc by IL As and by noon held
at SOss@SOAc. - .~,t,,,.,-. .r.a
The demand for cash wheat was good for
all grades. No. 1 northern sold at q prem
lum OF one cent over the December future.
NO. l northern sold at 70 to 79hc and No. 2
at u to TIC. Sales were made, as per
statement below. ReceIttss here were 1850
cars; shipments 43 cars.J<H,'fESt.s
Closing cables quoted Liverpool 21ad
lower for the day. The English visible in
creased $4,000 bushels for the week. Clear
a a from the sFahoarq aggregated
$4,000 bushels. The ,nlarhst was Merry weak
during the noon hour December wheat
sold down to 771sc,. and closed at 70 1-16c.
May wehat sold at .S015si, and, closed at
II Lice November wheat,r closed at 7Shc
May-Opening S12sc; hfghests s1*c; lowest,
so1sc; closing today 81 1-16c; Saturday, $3.50
S1Ac. T''' s9'h" - sd ~
November-Clcsing today, 1910; Saturday,
7SAc
December-openlng,Y 7sc;; - highest, $3.50
7SAc; lowest. TIE; closing today, IS Lice;
Saturday, 7Sac.
On track-No. hard, soc; No. northern,
1S!sc; No. northern. 7e%c; No. oats,
1S1bc: flax 74c 1850 :