The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-06


Last weeks wheat market was not strong
one, and prices for both May and July fuc-
tuated though May was the weaker, open
ing on Monday at 71Ac and closing on Sat
urday at 70%c. There seemed to be a good
demand by local milers throughout the week
for cash wheat, and the millers were obliged
to get along with short supplies.
The wheat market opened on Monday
strong, at Ike for May, and advanced to
Use, but eased off until the close, when it
sold at Tic. July closed at 7l5sc. Cash wheat
OF the best milling grades was in good de-
mand, the milers taking the bulk of the Of
ferings.
On Tuesday May wheat opened at 71Ac and
July at 71s@719sc. May advanced to 71%c
and closed at 79sc. July closed at n9sc.
The market throughout the day was firm, and
the miilers, as on the previous day, were
liberal buyers. The strength Of the market
was attributed to uneasiness regarding the
growing crops, better demad from abroad
and predictions Of a cold wave.
The market Wednesday morning started
with a downward tendency, which was due
to bearish onslaught in the opening hours.
But reports of bad crops and shortages in
Missouri gave the bulls chance and under
their influence the market recovered. May
wheat opened at 713sc, advanced to 715s, and
closed at 71asc July opened at 717sc and closed
at 71B@72c.
Thursdays wheat market started weak, and
during the day there were two breaks in May.
| May opened at 717sc and closed at 7O7s@71c.
July wheat opened at 7112c and closed at 713s
OHIO. The Minneapolis milers bought
nearly all the No. and No. northern and
the result was that outside milers were able
to get only few cars.
The market on Friday was quite dull May
wheat opened at tic and dropped gradually
to 7012c, from which it rallied again, and
closed at Tic. July opened at 71asc and rose
to 7112c, at which price it closed There was
strong demand for cash wheat, most of
| which was bought by local millers during the
first hour. Orders from outside mills were
not filled because there was nothing left for
them
1t was reported that Argentine shipments
for the week amounted to l. Asa, 900 bu, which
was a considerable increase over the previous
week. and that there was a continuance of
the drought in the California wheat belt
The situation on Saturday was weak for
May wheat, which fell to 705sc at the close.
The drop in price was due to a failure of the
predicted cold wave to materalize.
The worlds shipments of wheat and -four
for the week were estimated at 100000 bu,
which was 100000 blu more than is usually
required by foreign countries
The Northwestern Miller Of March says:
There was a decrease in the -four output
last week of 10000 bbls The quantity ground
was 1875 bbls, against 204, 200 for the pre-
ceding week. While there has been some
changing about among the mills, practically
the same capacity remains in operation and
the output will probably be around 1870 900
Dds. The production for the past two weeks
has been considerably under the figures for
the same periods in 1897 and 1885, The poor
flour market is. of course, responsible for
chat. Most millers last week experienced a.
shade better demand for -four this in slight
degree even extending to foreign trade The
Improvement reflected in the sales those
OF Minneapolis mills proper approximatiug
225,0CO bbls, against 165, coo in the week be-
fore. But there was coed deal Of groan-
ing at the low prices that had to be accept
ed. There were large mills aggressively after
enough trade to keep in operation. and the
smaller mills whose customers were sought
hold old trade. Rather more interest was
shown from abroad. though bids were most
lye from cd to Is Cd under cost How
ever, there mills which did some bust
ness both in patent and clear. The latter
grade is hard to work, millers ask prices
that foreigners are disnclned to pay. Bust.
ness in clear is therefore not brisk and
some mills have considerable to Offer
The flour output and exports of four weeks.
with comparisons, are shown in the SUBJ
joined tables:
Flour OUTPUT by Weeks