St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-03-22
The Quotations.


CHICAGO, March 20-The fact that Nav
wheat sold on the curb yesterday as low as
size, and some sales were reported as having
been made at Size, together with the failure
OF the Lehman Elevator company at Duluth,
produced decidedly shaky feeling among
ChicSgo's speculstors, and a general belief
that the market here was going to pot to-
day, The attendance on Change was the
largest that has been known for many dsys,
and the faces Of many prominent Spectators
who are not often personally represented in
the crowd. Pillsbury, the great miller, and
Barnes, the elevator man, his Northwest
coadjutor, were on the floor early. Report
has ii that these two gentlemen are partly re-
sponsihle for the decline Of yesterday, they
having let so their holdings of wheat
which amounted to several million bush
els. When the bell tapped at $3.50
trading began with roar, but
it was found that the Lehman Elevator COM
pany failure of Duluth, which was the dis
quoting factor in yesterdays late and this
mornings early trading, proved to have been
discounted. The company was long in Chi
cago about 100000 bushels and in Duluth
about 100000 bushels, all OF which was
dumped yesterday afternoon on the break
The failure seems TO have been due more TO
the absence OF partners from their proper
places st the critical time than the lack of
assets. Soon after the opening, however,
wheat started st SIC sold down to Sic. The
extreme weakness can be imagined when
such enornSEs purchases as were at the
opening for the account OF the big shorts did
not stop the decline. One house alone bought
3,o00000 bushels, selling some for June, and
another was nearly as large buyers, but even
with this buying supplemented by others all
over the floor, the market declined till noon
The report OF the taking of 1000, 600 bushels Of
wheat at Baltimore was the first reassurinr
news that anybody had. On this the market
turned. The close at / O'Clock was Sl1S@S2c
Commission houses have been calling margins
sharply OF late, and the result has been a gen.
eral shaking out OF weak or tired holders.
Torn was active and higher to-day. The
tfade was as usual, mostly in May which ad-
Vauced from 3S1ac at the opening TO $500
$3.50 at the close, with steady buying through
out the day. Oats were unsettled and active.
May opened at 30$4c and advanced &c then
sold down TO 3O14@30$5c and back to 3Os<c
where the price rested at l O'Clock. PORK
ribs and lard closed about sc higher than YES
terday. Flour quiet and easier; prices nm
changed. Wheat-Sales ranged: No. cash.
s73s079c; March, 765&@771sc, closing at
79%c; April. 765S37T1.c, closing at 77%c:
May, SIG s215c, closing at S2Ge25Sc June S2sS
@S3s4c, closing at S3efc. Corn-Sales ranged:
No. , cash, 5l4G364c; March, S5Gl35Isc,
closing at 3j14c; April. 35G351Sc. closing at
8514c; May, 3e3S@3S24c, closing at 35S.c
bid; June, 3S1aG3Ss4c closing at 3s34c.
Oats-Sales ranged: No. . cash, 27SSa2Se;
March, 26s4c; April, 26c; May, 301E1307sc,
closing at 3056c bid. Rye-Cash. soc. Barley
No. 2 cash, coo. Flax Seed-No. 1, SIII.
Pork.sales ranged: April, $9.621919. G5;
May, $9.6009. 7212, closing at 50. 70G9. G215 +;
June, 9.7009S0, closing ut $9.7715. Lard
Sales ranged: April, SIS. 95@5 .971S; May,
81. 9T1%16; June, S6.0215@6. 05. Dry sailed
shoulders, Sc. 90603 .95; short rib sides. IS goo
6.221S; short clear sides, So. 5055. So Whisky