St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-04
The COMMERCIAL RECORD.
Dullness Was the Characteristic OF
Trading OH the Chicago Board
Saturday.
However, There Was Nothing Particu-
larry DisGouraging Noted in the
Situation.
Transactions in the Financial Circles Of
Wall Street.-The General
Quotations.
Rnecial IN the Globe

Special to the Globe.
CHICAGO, March 3.-Gorn opened strong at
l4c advance along the whole range Of fUt-
llres But there proved to be unexpectedly
large offerings of property and the market
began at once to ease off, May going from
5234c 10 52l2c and June from 32Ae 10 1l1sc.
Receipts were 207 cars, not one OF which
graded No. > The soc shorts must have
been pretty well driven in. Because the
support from shorts was not strong to-day,
Hutchinson came forward when the market
was most nervous around the open
ing and passed his card around,
Offering to sell all anybody and
everybody wanted at 52l2@525sc The
crowd enshrouded itself in the wet blanket
and modified its bull enthusiasm. Wheat
was featureless. Ii was strong at the open
ing on the cold wave. but a scrutiny of the
weather map showed that it was neither so
general nor so severe as predicted. Cables
were steady. 40 outside orders 10 speak tf
were received and trade was light Provis
ions were stupidity dull this morning. with
little doing. May pork was quoted at
lL0JGllJ .O7l2; May lard at $40
aud May ribs at S7.27I2G97.30. This was an
oil day on change. The markets were dull
and weak. Both grain aud provisions corn
which had been leading i'll the late advance,
was the leader again to-day, but the process
sion was headed the other way. The buIlish
spirit is not gone yet, but there was so much
corn for sale that The market could not lake.
Hutchinson has been unloading his long corn
for several days. His line Of 100000 or
5000, 900 beng peddled out all the way up.
Yesterday
FOR a FEELER
he bought 100000 bushels and threw it
over later To-dayhe changed front and be
came an open bear. He sold sparingly at
first and then being satisfied that the ice was
thin. he took plunge. He put out Il line of
nearly 800, 900 bushels, and every time the
market lifted its head he plugged it full
Most of the people who were in at
the beginning of the bulge floated
out on the way up and when
prices turned down they were prepared for
it, 1t is only the late corners who look sad.
They are an unhappy lot to-day are the gen
tlemen who got on the train after 1t started
with the intention Of riding to the zoe sta
ton. Corn for May sold down 10 52ls6 5214c
and large business was done below 52$8c.
Wheat was weak from sympathy with corn,
but on its merits it displayed a resisting
power, perhaps because the market is
humping in the bottom only light business
are such as to deter short selling, while the
lame. halt, blind and broken bulls have not
the courage to make another charge. Thus
the market is water-logged, pitiabe state
of suspended animation, broken-backed and
crippled Cudahay, who was buyer of pro-
visions early, turned around and pounded
the market later with the stuff he had bought,
breaking the price OF product OF all kinds.
Pork was driven down to Sl3.92l2 ribs TO
S725, and lard to S7.67l2. There was a
slight reaction from these figures, but the
tone of the market was weak to the close.
THE ROUTINE REPORT.
QCuGCAGo, March ..-The semi-revival of
speculative trade in grain that came with the
opening of March was OF short duration.
While the temporary bulge continued there
was activity. but with the reaction and de-
cline in prices came dulluess About every
thing on the floor opened this morning at
trife better prices than Fridays close. The
tendency to buy was uniformly and slowly
downward and The opening sales were at
the best figures of the day. Wheat for May
started ut SOs4c, sold at once to SO7sc, and
within an hour went oil to SOSS@SOl2c.
There was nothing particularly diScouraging
i'll the situation; il is regarded strong at pres
cut prices by the majority Of the trade, but
still there was apathy and lower range of
prices. May opened at S0i2c during the
greater part of the session and finally closed
Thursday and Friday, il led in the decline
early to-day. The opening quotations were
higher than the closing last night, but they
were The best of the day, and the first two
hour. carried prices down l2c. The volume
ofuadingWas quite good, but so eonsencrated
that litl% outside was attracted. May
opened lsc higher at 124c; declined TO
T,2lsc and closed.at 52lsc There was very
light speculative trade in oats with nothing
Int the smallest fluctuations. May
opened at 31s4c, sold DOVE! to 3l5sc
and closed at 3ls4c. The provision trade was
q little more stirring than on the former days
of the week, and around the tp'r-
ing prices were depressed by compare
lively free offerings. Later there was II bet
ter showing of strength. vet at the adjourn
lneut pork showed a decline for the day Of
Zoe, and lard and and short ribs Sc. Trading,
while the bears mere selling, was quite fair:
lut after the frst hour, when they Withdrew,
bus.ness;was spaSmOdic and slow. May pork
sold from Sl4.00l2 down. May lard sold from
ST.15 to ST.6142, and closed at 81 20. May
ribs sold down 70 and closed
THE QUOTATIONS..
The leading futures ranged ms follows:
Wheat--No. =, May, opened at S0s4c, clos
ing AT SO$sc; June, Sic closing al 8Os4c;
July, S078c, closing at S068c. Corn-N0. >,
May, 52S4c, closing at 52ssc; June. 52Ac,
closing ut 5l78c; July, 52l2c, closing at
517sc. Oats-No. =, May opened at 3l34c,
closing at 3l%4c; June, 31l4c, closing at
,SlSSt: Jllty, 5Ol2c. CLOSING III oOl2c' Ati-
gust. 2Se. Mess Pork, per bbl-March,
opened at $3.50, closing at S13S0: May,
Sill closing at S1392h: June, Sl4.10.
closing at $14l0. Lard, per 100 lbs-May
opened at S7.75, closing at $40; June,
s. so closing at $7.7212; July, S7.S212,
closing at $3.50. Short Ribs, per
100 Ibs-May opened at S7.32l4, clos
ing at S7.25: June, 81, closing
at S7.32l2; July, STATE. closing at $40
Cash quotations were as follows: Flour
Quiet and demand limited; winter wheat,
S3.30@4 %; spring wheat, S2.70@4.40.
Wheat-No. spring, 75I2079c; No. > red,
SlAc. Corn-No. 2. 5O4@150lac. Oats-No.
9. 29c. Rye-No =, SOC. Barcy-No. 2,
71617Si?c. Flax Seed-No. l. $1.l4. limo
thy Seed-Prime. So .45. Mess Pork-Per
Dbl, $3.50. Lard-Per 100 lbs, $3.50.
Short Ribs-Sides (loOsel, S7.10M713; dry
sailed shoulders lboxedl, Sc 66: short
clear sides (boxed), S7.5017 81. Whisky
Distilcrs finished goods, per gal, SLID.
Eeceipts-Flour. 10000 bbls wheat, i, 900
bu: corn, 5000 bu: oats. 10000 bu; rye,
200O bu; barley. $4,000 bu. Shipments
Flutir II. 600 bbls: wheat, $4,000 bu; corn,
I3l 600 BID: cats, o., 900 bu; rye l 900 bu;
barley 2I,O00 bu On the produce exchange
to-day the butter market was quiet;
creamery, 2l@2Tc; dairy. 1921. Eggs un-
settled at l0le@lGc.