St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-06-15
The COMMERCIAL RECORD.
Considerable Activity in Wheat, Closing
Prices Being About One
Cent Off.
Corn S ags Three Quarters, Oats Ad-
vance Fraction, Provisions
Closing Easy.
Capitalists and Their Operations in the
Money Centers---Fhe General
Quotations.

CHICAGO June 1.-THE wheat market was
neither active nor interesting today. Most
Of the session il was heavy, with noticeable
tendency toward lower range, but reactions
always came and the close of the mornings
session was only lsc lower than that of yes
terday. There was some bullish news early
and for few minutes at the opening there
seemed some prospect of an upturn. First
sales were lsc above last nights close, and
there was further advance of Isc, but it re-
quired but little selling by Hutchinson to set
the crowd on that side, and they put prices
down 9sc in brief time. To the man who
watches for controlling influences this break
was rather puzzling. At the time consols
showed decline of two points, making four
points in ali since yesterday morning. Cables
were simply dull, but indicated no change in
prices. 1t was the third consecutive day of
fair exports, and receipts in the Northwest
were quite small. particularly in Duluth.
Moreover the Cincinnati Price Current esti-
mated the wheat crop at $50. 100000
bu, and bad crop news was plentiful.
The news that Emperor Frederick was sink
ing and that the physicians had lost hope of
saving him seemed to have no effect. The
market was exceedingly narrow as far as the
number of participants was concerned and
at times was stagnant, with nobody trading.
ne NOlullie was not SHALL III one lTanSdC-
ton Hutchinson sold Jones, Kennett &
Hopkins 100000 bu August wheat at S4Ac.
The last-named firm was q persistent and
heavy buyer of August wheat on every de-
cline Hutchinson's brokers were buying
July at about S4Isc. Receipts of wheat at
nine principal primary markets aggre
gated $4,000 bu, of which $500
bu were at Minneapolis and 1000 bu
at Duluth. Seaboard clearances of wheat
were equal to 2,229, 900 bU of wheat. The
board cable quoted spot wheat in Liverpool
dull, with limited demand at unchanged
> prices; June, July and August futures
lower, others unchanged. Receipts Of corn
were 100 cars less than the estimate, and as
consequence the speculative market opened
very strong, first sales being at I2c over yes
terday's close. There were SO many longs
willing to unload at the advance, however.
that it could not hold, and gradually worked
down, with frequent reactions CSC, but re-
covered somewhat before the close. The es-
Inmates for tomorrow are still larger and
were disappointment to the bulls. yet re-
csiving houses find great falling Off in re-
ceipts due here in the future, and are ad-
vised that farmers have nearly stopped
delivering at country points. No other influ-
ence than pts at this market seems to be
thought Of by the spectators, and prices
seem to go up or down simply as receipts in
crease or decrease. Receipts of corn were
55l cars, against an estimate of 600 cars.
and OF these receipts 266 cars were of con-
tract grade. Spot corn in Liverpool was quoted
steady, with moderate demand, and I'D
higher; futures unchanged. except July,
which was I'D higher. In the speculative
oats market the nearer futures showed con-
siderable improvement while the more de-
ferred were dull and declined t1ife The
volume of trade was not large. and there was
no special features. In provisions q quiet
day was experienced. For cash delivery
there was better inquiry and larger trans
actions, but speculation was slow from the
start Operators were unwilling to take hold
and in the future market there was little or
no change, l o'clock prices being generally
the same as last nights closings Fluctua
tons were also limited. At the afternoon
session there was weak feeling in all the
grain pits. Wheat closed SS(00Ac lower. corn
trife lower, and oats kept steady Provis-
ions were dull.
THE ROUTINE REPORT
CHICAGO, June 1.-the local trade did its
share toward sustaining fairly active wheat
market to-day. but the country did not come
in with orders to any extent Prices were
higher early and activity prevailed both on
the advance and decline, but towards noon
the, pit became dull. with prices about Csc
under last night The report that the EN-
peror was dying had no effect The Price
Current figures of to-day made the total
wheat crop of the year about 1886. 600. 600
bu. This had no effect. The crop news from
the Southwest was slightly bearish. The
crop news from the Pacific coast was bullish
July opened at S412c, sold to S4ssc, down to
s4e,up to $3.50, back to Sic. up to s2l2c. re-
acted and closed at s3%@s37sc., There
Receipts were 100 cars less than the
estimates and as consequence the
speculative market opened very strong
There were SO many longs willing to unload
at an advance, however, that it could not
hold, and gradually worked down with fire.
quent reactions 1sc. but recovered somewhat
The estimates for tomorrow are still larger
and had g. weakening effect at the close
July opened at 538c. sold down to 527sM
53c,- up to 53A@53ssc, and closed at 5:3c.
In the oats market the nearer futures showed
considerable improvement, while the more
deferred were dull, and declined a trifie.
The volume of trade was not large, and there
was no special feature, July oats opened at
33sc, sold down to 327sc and up to 33I2c,
day was experienced and speculation was
slow from the start. Operators were unwill-
ing to take hold, and in the future market
there was little or no change. Pork sold at
july lard sold at $50 2I2@s.55, closing at the
latter figure. July short ribs sold at 81. 52l2
OF 55, and closed at that figure.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. July opened at S4I2c closing
at s3S4c; August, s4s4c, closing at S37sc;
September, S47sc, closing at S3s4c: Decem,
Der, $3.50, closing at S5s4c. Corn-No.
June epened at .527sc, closing at 52l2c;
July, 53s4c, closing at 53c: August, SIC,
closing at 53l2c; October 53s4c, closing at
53@c. Oats-No. June opened at 32lac.
closing at33c; July, 33Isc. closing at 33lac;
August, 2Sssc, closing at 2SIsc; September,
27hc, closing at 27lsc. Pork. Mess, Per BIB
August S13.s5, closing at Sl3.S5; Septem-
Der $685., closing at $3.50 Lard Per 100
Lbs-July opened at $3.50, closing at
$3.50; August, So. 60, closing at $500: Sep
$s,65, closing at ss.65. Short Ribs, Per 100
Lbs uly opened at $7.55, closing at 81. So:
August: S7.62l2. closing at $7.62l9
Sept Sepssember, $40, closing at $40.
quiet ana steady; prices nominally I'M
changed; Wheat-No. spring, S3l2@S3a4c;
No. 2 red, s4slc. Corn-No. ., 52lac. Oats
No; 2. 33c. Rye-No. 2, 5sc. Barley-No.
=, 65@61c. Flax Seed-No. l: 81 :29@1.3 b.
Per Dbl, $3.50. Lard-Per 100 lbs. S. 47l2.
Short Ribs sides Qoose), $3.50 Dry sailed
shoulders (bo1ed). $6@6. %. Short clear
sides (boxedl, $s@S.O5. Whisky-Distillers
finished INNS ed goods, per gal, 81 20: sugars-Cut
wheat 2l,Oo Obu: corn, 1854 600 bu; oats,
239, 600 blu; rye, 5000 bu; barley. 1000
blu. Shipments 5000 bbls; wheat,
Blu; rye, 500 bu; barley, 1,O0Obu. On the
produce exchange to-day the brt.er market
was fairly active: creamery, 15A@I9c; dairy
15Ql7c. Eggs firm at 13I2@14c.
r. M. NEWPORT & SON,