St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-14
The COMMERCIAL RECORD.
Wheat and Corn Opened Firm and
Closed Higher Than Satur-
days Clese.
Elevator Charges Reduced About Six
Cents Per Bushel Per
Annum.
Transactions in the Financial Circles
of Wall Street 1.-THE General
Quotations.
Snapia1 IN Tho Clone


CHICAGO. H., Feb. 13-Wheat opened firm,
and early to-day was on basis of ssG1ssc adj
vance over Saturdays closing quotations
March found buyers at 76SsG76isc. Cables
were better, and the crowd felt bulliSh. The
great piece of market news was the reduc-
ton in the elevator charges from about loo
to 9S4c per bushel per annum. rms lmpor-
tant information first found its way TO pubic
attention through the medium OF an adNer-
tisement in one OF the Sunday papers Ii
was kept a profound secret from the trade
Saturday. In fact, il was not decided on TIL
late Saturday afternoon. The market ought
10 do better now that the enormous burden
has been lightened was the unanimous YER
diet of the trade, and there was general buy
ing Trade, however, was not heavy. Senu-
ment as before stated, was decidedly bulliSh
at the outset. Corn, too, acted better, May
selling up TO 5lSSc. May oats was quoted
early at 3l7sc. Provisions were lifeleSs and
prices were steady at Sl4.3Tl2@ l4.4O for
pork, s.. S2l2 for May lard and 81 .62l2Q
7.65 for ribs. The market dragged after the
first hour or TWO and thereafter prices tended
down. The outside continues TO do nothing.
Efforts to induce general public loading on
the strength of the reduction III storage rates
were not responded to with heartiness, and
luS lONOA bsA4llSIl SSlAtAi4tShb was lOb StiOAA
enough TO do any good. May wheat sold
down to SlAc and June 10 Sis. Trading
was more active on the decline than on the
preceding advance The close was rather
weak at practically the bottom. The story
in corn is identical with that related about
wheat May sold off to 5114c
before l O'Clock, the closing on both
wheat and corn being lower than
on Saturday the visible supply statement
shows a decrease of 799 900 bushels in
stocks OF wheat during the week, an increase
of AS, 900 bushels in corn, and decrease
OF 22S 900 bushels in oats. Provisions also
tended down in sympathy with grain. May
pork sold down 10 Sl4. %, May lard TO S7.71l2
and May ribs 10 S7.51l2, closing fiat. Al the
afternoon session there was no material
change in prices for grain. Provisions were
steady, except short ribs, which were
slightly lower. Prices at $50 p. NJ: Wheat
February, 76Isc; March, 7614c; May, Size;
June, Slac. Corn-February and March,
46s4c; May and June, SLICE. Oats-May
3ls4c; June, see. Pork-February and
March, S14.O5; Nav, S1427. Lard-Febru-
airy, 81. TO; March, S7.65; May, $3.50; June
S7.s5. Short Ribs-February, S7.37l2 :;
March, $40; May, $3.50; June. S7.62l2.
THE ROUTINE REPORT.
CHICAGO, Feb. 13.-The sensation in spec
ulauve circles to-day was the reduction by
grain from 1854 to 9S4c per bu per annum.
The effect of the withdrawal of this burden
some tax on the trade was an immediate ap-
probation of values. On change May wheat
opened at S1sS@S1l2c. Trading, however.
was not heavy, the crowd being disposed to
await the visible supply statement which,
when announced, showed a decrease of
500, 900 blu, considerably more than was eX-
nAr
buying movement developed, especially by
exporters and May sold up to Slssc but for
the greater part of the session was steady
around S1Ssc, and closed at S1kc. Corn
was Influenced mainly by wheat. MAY
opened lsc higher at 01l2c, and advanced 10
51asc. he trading was good as the day ad
Yanced. but there was no further improve
ment in value. The announcement that
the estimated receipts for tomor-
row were $40 cars, and the increase
of 475, 900 bu in the visible supply broke
May corn at one time to 5lLc. There was
little subsequent recovery to 51Ssc, at which
figure the market was steady for some time.
Nav finally closing at 511s@5114c. Oats were
traded in quite briskly early, the May option
especially being i'll demand, but late in the
session the market ruled quiet. Prices were
Ac better, May closing at 3lS4c. Provisions
opened stronger and a shade higher in Svm-
pathy with grain and the slight advance in
hogs. A moderate business was transacted
early. but later the market became slow until
the close, when couple of plungers raided
the market and forced prices for pork down
Mess pork for May opened sc higher at
Sl4.40 declined to S14.25 and closed at
S14.27. May lard sold at $7.7.l2@7. S2l2
and closed at $3.50 May short ribs sold at
$7.5Tle67 10 and closed at SI.00.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2 February opened at 76ssc,
closing at 76Isc: March opened at 76l2c,
closing at 76Ac; May opened at S1ssc, clos
ing at SlAc; June opened at sc. closing at
S1S4c. Corn-No. February opened at
47c, closing at 4614c; March opened at 47c
closing at 46a4c: May opened at 5l1ac, clos
ing at5llsc; June opened at 511sc, closing at
5lAc. Oats-No. 2 May opened at 31a4c,
closing at 31$4c; June opened at 32c, closing
at 32c. Mess Pork. per bbl-May opened at
$40, closing at Sl4.2 1l2. Lard per 100
bismarck opened at S1.67l2, closing at
Sz.65; May opened at s.. s2I2, closing at
$3.50, Short Ribs, per 100 BISMARCK
opened at S7.45. closing at $40; May
opened at S7.62I2, closing at S7.55
June opened at S7.67l2, closing at S7.62la
Cash quotations were as follows: Flour
Quiet: prices steady and unchanged. Wheat
No. spring. 7607s14c; No. 5 spring. 60
@6Sc; No. 2 red, s014c. Corn--No =, Asa
46l2c. oats-No. 2, 2s@2sI2c. Rye-No. 2,
246. Mess Pork-Per Dbl S14 O3I26l4 O5.
Lard-Per 100 lbs, S7.62l2@7 65. Short
ribs, sides Qoose), S7.4O0 1929; dry sailed
shoulders (boxedl S6@6. Is: short clear sides
(boxed). SS@8.05. Receipts-Flour, %. 900
bbls; wheat $4,000 bu; corn, 10000 bu;
oats, $4,000 bu; rye, 1900 bu: barley,
1900 bu. Shipments-Flour. Ia, 900 bbls
wheat. 5000 blu; corn, $4,000 bu; oats,
$1,000 bu; rye, 1000 bu; barley, %, OOO
bu. On theproduce exchange to-day the but
ter market was quiet and easier; creamery,
24l2G soc; dairy. la 26c. Eggs scarce,
finn and higher at 24@26c.