St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-21
The COMMERCIAL RECORD.
On the Chicago Board of Trade There
Was Some Activity in
Wheat.
The Sellers Were Largely in the Ma
iority Soon After the Morning
Hour.
Transactions in the Financial Circles OF
Wall Street.-The General
Quotations.

CHICAGO, March 20.-Trade was on scale
of more than average magnitude as whole'
but the big end of it was monopolized by a
few leading houses and some OF the heaVy
weight local spectators and scalpers. Boyd,
PAXTON g. Boyd, Milnine, Bodman & Co.,
Jones. Mccormick d Kennett Ream,
Hutchinson, Logan, Dunn and few others
had all they could do, while the general
crowd had little to say; Hutchinson was
godsend to the corn crowd. The habltues OF
the pit had great quantity of the property
for sale and they were afraid to crowd 1t
upon a weak market The prices had slowly
settled down to 5114c, when the venerable
speculator loomed up in the pit. He stood
around while and signifed desire oinvest
some of his accommodations. He was
promptly accommodated, and before he
knew what had struck him was the possessor
of at least 100000 bushels. The boys had
been laying for him, and he came to their re-
lief most opportunity. After he withdrew
from the pit disguised, the market hung
for a time around 514c, and then
in sympathy with wheat and firm. Inherent
weakness softly slid it down to 50S4c, where
it rested weakly. Estimated receipts for to-
morrow 400 cars, and the volume of receipts
is on the increase. The big movement is
breaking the hearts and the backs OF the
bulls, and Baker & Poole and Sherman were
the largest sellers to-day. Wheat closed weak
and limp at the lowest point Of the day and
l2c decline from yesterday. The last break
was started by Boyd, Paxton q Boyd, and
the market was like mush. Provisions re-
NAMED featureless to the end. Fluctuations
were within narrow range and trade dull.
Afternoon Session-There was an excited,
panicky feeling in both wheat and corn at
the afternoon session and considerable long
stuff was thrown on the markeS. Wheat and
corn declined about SIC from p m. prices.
Oats eased off 1sc. Provisions were active
and shade lower.
THE ROUTINE REPORT.
CHICAGO, March 20.-There was more than
usual activity in wheat. At the opening
some favorable bulletins were posted and the
weather predicted caused some buying. The
feeling soon changed, however, and sellers
were in the majority. From New York came
the report that the bears were indifferent
about weather and foreign political compll-
cations and were pounding the market. Some
big traders here began selling and others be-
gan Offering largely without selling much.
The market weakened S4c IN about one hour
from about the best price of the morning.
May sold at 7Sl2c to open, and after touching
7S3sc, went down to 777sc. Then some
sellers turned buyers, and there was slight
rally TO 7SAc. Again before the close the
bears made another raid and the price of
MAY went to 7734c, and closed OH the split at
7734@777Sc. After the close May was offered
on the curb at &c under the l o'clock price,
and the market looked very weak. Other
futures sold down with the leader.
June sold from 1873 to 777sc Receipts for
Wednesday were estimated at So cars against
104 to-day. The local receipts of corn to-
day were 46S cars, a fair amount, but less
than the estimate. The estimate for Wednes-
day was 420 cars. The market opened
fairly strong and early prices were about lac
better than the close last night. 1t was a
bear day. however, and corn was on the
down grade, with other cereals. The more
extensive traders took hand, and when
their selling weakened the market suffi-
GENTLY, large lot of long corn came out and
there was a slight break before the close.
May sold early at 5158c, and before the 1
o'clock close at 50s4c, closing for the day at
5012c bid. June sold down 10 5O88c, but att
p. m. was 50l2c. The final price was 50ls@
50Ac asked. Oats were weaker and shade
lower. This was due mainly to the weak
ness in other markets. There was not
much pressure to sell oats. May opened at
Bic, fell off to 3084@3075c by l p m. and
closed at 305S@13084c. Although arrivals of
hogs were fair and prices sc higher, the mar
ket for produce dragged and the values aver
aged lower in sympathy with wheat and
com. Offerings were not large, and the only
demand came from shorts who were closing
7l2c range and closed at inside figures,
showing fractional decline from yesterday
May pork sold at S14. 05@!4. l2l2. Lard ex-
hibited more activity than other articles May
sold at 1891. 60 and closed at $7.52l2@
7.60. May short ribs sold at S7.20@a7. 22l2.
Shippers took 1000 tierces cash lard and ex-
porters bought dressed meats quite freely
and have taken 800 boxes within week
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, March, closing at 7284c; May,
7Sl2c, closing at 77l2c; June. 7Sa4c clos
ing at 777Sc; July. 7S4c, closing at
wise. Corn-No 2 March, opened at 47a4c
closing at 47c; May, 4712c, closing at 50l2c;
June, 47c, closing at 5Olsc; July, SLICE,
closing at 5034c. Oats-No. 2 May opened
at Sic, closing at 305sc June, Sic, closing
at 3034c; July, soc; August, 266c. Mess
Pork, per bbioMay opened at $l4:12l2,
S1412l2. Lard, per 100 lbs-March closed
at S747l2; May. opened at $3.50, closing at
81. 52l2; June, S7.6512, closing at S7.5712;
July, $7.67l2, closing atS7 .62l2. Short Ribs,
81. 22l2, closing at $40; June $3.50,
Ing at S7.37l2. Cash quotations were as
follows: Flour-Lower, but with quotable
change. Wheat-No. ? spring, 73@76c; No.
No. 2, 497Bc. Oats-No. 2, 27l2c. Rye-No.
2, 58i2c Barley-No. 2, 77@7sc Flax Seed
No. 1, $1.45. Prime timothy seed, 1852.
Mess Pork, per Dbl, S14. Lard per 100 lbs,
S7.52l2 Short rib sides Qoose), $$7. l 2l9@
rs; dry sailed shoulders (boxed). 500
go; short clear sides (boxed), $7.65@7.70.
Whisky-Distillers' finished goods per gal,
81 10. Receipts-Flour, $4,000 bbls;
wheat, 10000 bu; corn, $4,000 bu; oats,
$4,000 bu; rye, 5000 bu; barley, 10000
bu. Shipments-Flour, $4,000 bbls; wheat,
$4,000 bu: corn, $4,000 bu; oats, 1924
bu; rye, 1000 bu; barley, $1,000 bu. On
the produce exchange to-day the butter
market was firm; creamery, 23@30c; dairy,
19@26c. Eggs-Demand increasing; fresh,