St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-05-25
The Bulls Theory Of Higher Wheat Was
Realized in Moderate
Way.
Corn Sold at a Shade Higher, Oats
Strong and Higher, Provi-
sions Easier.
Transactions in the Financial Circles
Of Wall Street.-The General
Quotations.
Special to the Globe.

and highpriced grain that the future looked
promising, not only for stopping of the de-
cline but for new advance movement. The
day realized in moderate way their expecta-
tons. At 10 O'Clock July wheat showed 1I9c
advance from the opening, and &c over the
bottom figures Of the day. The trend of all
the operations Of the pit was, as on Wednes-
day, to get out of July into the more distant
options. The Cudahy party continued this
sort of changing without any concealment,
changing 100000 bu from July to August
with single concern. The crowd tailed
after him. Hutchinson continued seller,
but the situation seemed to have been such
that his sales no longer affected prices The
advance continued and his offerings were
easily absorbed. Poole. who has just re-
turned from a trip through the West de-
clared that in his opinion the crops had
amazingly improved. His house, on quite
large scale, sold the distant options, August
and December, and bought July. 1t was said
that he was closing ''straddle'' made be-
fore he went away. There were cables de-
scribing the French wheat prospects as bad,
but public cables were lower. The board of
trade ION passage figures gave an increase
for the week in wheat of 100000 blu.
Beerbohm's figures, however, which are in
the best repute, said that there was decrease
of $4,000 bu. st. Louis was relatively
strong, advancing a little faster than Chi
cago. 1t was apparent that her traders were
large buyers of December. New York was,
IN general way, on the same
side. The receipts at the primary markets
were small, 16O, 600 blu, but so were the eX-
ports, which, with even the flour included.
aggregated only 10000 blu. Corn took an
other of its spurts almost Immediately after
the opening. The receipts, 5S4 cars, were 81
under the expectations. There was buying
at once by Foss, Strong d. Co., and Jones,
Kenneth and Hopkins had a few hundred
thousand to cover. There was temporary
setback when Fridays estimates IS cars,
came in, for they were considered large; but
the bulls had the better of it all the session.
May opened at 5712c. touched Soc and at
O'Clock was selling at $3.50. July opened at
55sc, touched 56ssc, and at 1 o'clock was
56lsc. Vessel room was chartered for $780,
OOo bu. The excitement among the May
shorts in oats continues That option opened
at 35l2c and touched 36lac June opened at
32Sc and sold at 34ssc Norton IL Worth
lngton led in the transactions, selling May
and buying the other options They took
one lot OF $50, 900 bu from Jones, Kenneth
Hopkins for June. The receipts were
900 cars: the estimates for Friday, OF. In
provisions another slow and featureless day
was passed. Cash buyers made tolerably fair
purchases of meats but in the way of specu.
Iatlon the dizziness witnessed was even more
marked than on any of the former days of
the week. Still the feeling developed was
strong, and products of all descriptions were
held steadily on limited changes in prices
One clock closing, in fact, showed an actual
advance of 212c in short ribs and sc in pork.
Lard closed just the turn-2I2c-easier. Fut-
ure trading was confined almost wholly to
the coming four months, with July the CEN
ter of interest. At the afternoon session all
grains were active. Wheat sold higher than
al the regular session, but reacted slightly.
and closed at about p. m. prices: Corn sold
a shade higher. Oats were strong and higher.
Provisions easier
THE ROUTINE REPORT.
CHICAGO, May 24.-The conditions were
favorable for good volume of business on
change to-day, and speculative transactions
III grains were quite spirited, and markets
were generally broad and strong. The heavi-
ness which was apparent in wheat at the
very opening. and which started prices
slightly under last night, did not last long,
and the first hour brought an advance Of
from to- lI2c to the various futures. There
was better outside business and some out
side business ORDERS The foreign adyices
Price Current estimate as telegraphed, was
that crop prospects were not improved since
last week In the pit there was covering by
shorts, agreat deal of changing to August,
which put that option at premium over
July and good buying in December. 1t was
rumored that Hutchinson was short and was
scared because he did little, and it was
s sa TALKED fbefT that he had helped others
crowd would take freely from him and think
nothing of it. The range of July was 95Rc
to e7lsc back and up to s7I2c There was
an unusual squirt OF buying just before the
S1l20S17sc, or about lac over last night.
Corn, everything considered, was strong to-
day. Receipts were large and grading high
Prlces started about steady from last night.
and during the first hour or two advanced
about lie for all futures. When the large
estimate of 754 cars for tomorrow was made
known, prices went off I2@54c and for a
tune the market was heavy, Later there was
which made the closing prce about 1sc
higher for July. May sold from 57l2c to soc,
and closed at 5SAc. July ranged 557sc to
565sc, back to 557sc, and closed at 56ssc
Oats were again active, with firm, higher
market. Near futures were especially in re-
quest. May opened at 35l2c and closed at
SIC. July opened at 33I2c and closed at
34lsc. Very little interest was manifested in
the provision market and the market was
somewhat unsettled and prices unsettled.
Early in the day the market showed a little
more pressure to sell, and prices gradually
declined. Trading in May pork was mainly
in transferred contracts at the current differ
ences: July pork opened at S14.45, sold to
SD .55 and closed at Sl4.45@l4.47l2. July
lard opened at SS.72l2, sold to So IS reacted
to $S.67l2 and closed at So. 67l2@S.7O. July
ribs opened at S7.72l2, sold to 81. 80 and
closed at S7.72l2.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat, No. 2-June opened at S47sc, closing
at s6l2c; July, sec, closing at s7ssc;
e7l2c, closing at $3.50. Corn, No. 2-May
opened at 57l2c, closing at 5S4c; June.
55l2c. closing at 56Ac: July. 557sc. closing
at 56ssc; August, 561c. closing at $3.50.
SIC; June. 337sc, closing at 1850; July.
33l2c. closing at 337sc; August, 2SBc clos
ing at 29a4c. Mess Pork, per bbl-June
opened at s14.4s, closing at So. s7l2; July,
si45 e sezns at si sl54' Lard Ausq pest
100 lbs-June opened at ss.674, closing
at ss.62l2; July, SIS: 72l2, closing at s67I2;
August, $s.z5, closing at So; 75ls; Septem-
100 lbs-June opened at $7.72l2, closing at
august s7ses. elo sfDsns at at SSH ISL
September s7s2ls. CLOSING, at sz.95.
Quiet and unchanged. Wheat-No. 2
spring, s5k@s6Ac; No. red 9Oc
Corn--No 2. 5sssc: oats-No. 2, 354c
Rye-No. 2, 66I2c. Barley-No. 2, 7O@73c
Flax Seed-No. l, S1.31@1.39. Prime Tim
othy Seed-S2 25@2 80 Mess Pork-Per Dbl,
S14.37l2@14.4S. Lard-Per 100 lbs, SO. 65@
s.67l2. Short Ribs-Sides Qoose), S7.7O:
dry sailed shoulders (boxed). S606 25 !;
short clear sides (boxed), So 150S. 90
Whisky-Distillers' finished goods, per gal,
S1.19. Sugars-Cut loaf, 7I2@S3sc; granu-
lated, &c; standard A 6l2c. Receipts
Flour, 81 900 bbls; wheat, $4,000 blu; corn,
| 800. ZOO bu: oats, 221 900 bu; rye, 5000
bu; barley, 900 bu. Shipments-Flour,
$1,000 bills; wheat, 24,0O0 bu; corn,
bu; barley, Is, 900 bu. On the produce ex-
change to-day the butter market was
| orr. Iair