The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-01
MINNEAPOLIS GRAIN.

MINNEAPOLIS, Nov. 9O-On Saturday the
greater portion of local wheat traders
1elt inclined to favor a reaction to a
cables caused sudden change of opinion
and at the opening it was which should paw
Use over Saturdays close figure. Trading was
quite active for the first half hour ruled
rather quiet for an hour, again became active
on receipts of the visible supply statement
showing another decrease of over LOCO COO
bushels for the week. From II 10 up to noon
the market was steady and trading light
The news of the day was mostly bulIish in
tone. First Liverpool cables advised of I'D
ADVANCE and second cables quoted a further
advance of ed to. sd. Paris markets were
all active and higher with Berlin steady at
a trifing advance. The worlds shipments
were S,fZO,oO0 bushels, against 400 600 bushels
last week. Russian shipments were well up
10 the average of weeks past These shin
ments from Russia will, in the nature of
things, soon cease for the season. The close
OF navigation is at hand. The following ex-
tract from Beerbohms latest letter will be of
interest: Shipments to Europe have been
enormous In fifteen weeks, ending Nov IA
they nave tot3led b. 167, GOO quarters against
13,GtOOG0 quarters the same period wear
ago. The extraordinary power of importing.
countries to absorb wheat this season is
here shown. With shipments of over 2 00O O00
quarters in excess of last year-stocks in fine
United Kingdom actually $50, 900 quarters less
than Aug l, and only increased slightly on
tne comment New York advised of a fair
export demand. Clearances were fairly liberal
Tor the day. Adyices from Argentine re-
assert the outlook for the crop is very poor
indeed, because of the ravagas of lociIsts
Prime says: Winter vheat-The entire cron
is still bare of snow in the southern area
OF the winter wheat belt still growing. There
is ample moisture, very little frost in the
ground and crop in fairly good condition
Think it will go into winter quarters better
than at this date in 1895. Spring wheat
There has been decided falling off of sprine
wheat receipts in the present week. and this
state Of things must continue from now until
another crop is made Spring wheat farmers,
however, are bullish, and seem more inclined
than they did ninety days ago to hold their
reserves for better prices.
december wheat opened at $3.50 against
S07sc Saturday gained Kc sold down to
SlAc, advanced to S1A@S1Ac, declined to
SlAc, frmed up to $3.50 by 11:15,, and by
neon held at S1&c.
May wheat opered at S35sc, against s2ssc
Saturday, frmed up to SAC, declined to S3Kc.
advanced to 833sc. sold down to S3kc. gained
&c, declined to S31sc, firmed I'D to $3.50 bv
IL :45, and by noon held at &c.
The demand for cash wheat was good Re-
ceipts We're very light. The sales made were
mostly to arrive later on No / northern
sold at S212QS3c and No. 2 at S11h@82c. Sales
were made as per statement below Receipts
here were $50 cars, and % cars shipped out.
The wheat market was decidedly weak dur
ing the first part of the noon hour in SYM
pathy with Chicago. Closing cables were
mixed. Liverpool was I'd lower London Cd
higher, Paris Is confines higher and Berlin
n mark lower. About twenty minutes before