St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-21
The COMMERCIAL RECORD.
Corn Opened Weak but Toward the
Close Braced Up and Ad-
vanced.
Wheat Opened Dull and Provisions
We're Dull the Entire
Session.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Snncial 10 the Globe.

Special to the Globe.
CHICAGO Feb. 2O.-Receipts Of corn footed
up 4O2 cars in the inspection returns this
morning, or 100 cars above Saturday sestl-
mates, and the market opened weak on the
showing and sold down SSc TO 51A@5lSsc.
Later il was discovered that the inspection
returns included two days receipts on the
Northwestern and the market hardened. go
ing TO 5lI2c. Wheat opened firm on disquiet-
ing political news from abroad and cold
weather at home, but ii was no snap 10 spec
ulation and values eased off trife. The
price of MAY for the first hour ranged SO1S@
SlI2c Provisions were very dull at the be-
ginning but little life was soon infused
into the deal and quotations were marked up
trife, May pork selling at S14.2O0l43O,
May lard at s.. 90G7.92I2 aud May ribs at
S7.52Ie97.55 Hutchinson was the largest
and most important individual factor in the
markets to-day. He bought 10000 tierces of
lard on the call AT s.. 92l2, and sold lard and
everything else in the line of hog products
for the remainder of the day. Over in wheat
he sold about 100000 bushels, and on the
bulge in corn, consequent upon a decrease
IN The visible, when an increase had been an
ticipated, he sold nearly 100000 bushels.
In both pits the prices broke under the pres
sure, wheat going from size TO S0s4c and
the visible supply for the week were as fol-
lows: Wheat, 27l, al bu decrease; corn,590,-
93S bu decrease; oats, DDS, II bu decrease:
rye, 64.54S bu increase; barley, 81, 100 bu
decrease. Atlantic ports export of wheat
and flour last week footed up TO !, 100000
bu, against 2,495. $50 bu for the correspond
ing period last year. The showing is, in the
main, satisfactory, inaSmuch as ii is better
than had been anticipated. though IN COM
parison with last year il does not loom. The
crown princes sore throat entered more or
less into the calculations of spectators this
morning but il did not count against Old
Hutch'S offerings. There was where the old
gentleman laid over diseased royalty. After
the furore caused by Hutchinson's selling
had subsidized the market began to look bet
ter, and the observers on the floor agreed
that they had stood up manfully under pres
sure. The o'clock Blessings were about the
same as on Saturday. and both wheat and
corn had demonstrated power to stand up
under punishment and to take some pretty
seNee blows without seriously flinching or
givinS way except temporarily. Provisions
suffered to some extent about noon. pork
gning down to Sl4l2l2014. 10, lard to
ST.>Tla and ribs TO $3.50. Nobody pretends
TO know what provisions Will do. The mind
reader who can guess what the manipulatorS
are thinking about might scalp out some
thing. but that is more than the average
operator can do. At the afternoon session
grain and provisions sold within a narrow
range and closed without material change
from the p. m. close. $50 p. IN. prices:
Wheat-February and March, Zoe; May,
S07sc; June. SlSsc. Corn-February and
March. 47Isc; May. 5I$sc; June, 5l4c.
Oats-May, 3l$sc; June, 31l2c. Pork
February and March, Sl4; May. S1420@
422I2. Lard-March, $50; May S7.92Is;
june, S7.97l2. Short Ribs-Fepruary and
March. S7.55; May. $3.50; June, S7.57I2.
THE ROUTINE REPORT.
CHICAGO Feb. 2o.-The grain an1 prov1s-
ION markets on change started fairly active
and generally firm. Before noon there was
a reaction which caused grains to sell lower
than at the close on Saturday. The unset
ued European condition WIS talked in the
grain pits, and in the wheat crowd there
was fresh bare ground, cold weather argu-
ment. There was no surprise in any of the
visible supplies figures announced. May
wheat opened at Sllsc, declined to S075@lS1c,
re6t t ID to 81 Ac and closed al S054c. Trad
ing was largely controlled by a prominent
operator who had bought wheat Saturday
under Sic and he sold ali he could to-day
above that figure. Corn receipts to-day
were 402 cars. This caused some weakness
i'll the market shortly after the opening.
Later il was discovered that the stock of corn
bushels and prices were advanced slightly.
Then came the visible supply figures, show
ing only $4,000 bushels decrease for the
week. and the trader who has made the local
markets for a week past became seller
and prices reacted May opened at ; l5sc
sold at 5ll205 7sc and closed at 51S4e or
lac lower than the closing price of last week
During the morning May ana June oats to-
gether sold at 3ll2@3lSsc alternately. Be-
fore the close, the market weakened with
other grains, and May closed lac lower at
31$Sc, and June lic lower at 3ll2c. Lard
furnished the sensational feature to the pro-
vision trade. Hutchinson was again heavy
buyer of May, getting about 10. 900 tierces
Efforts were made to break the market but
his offer 10 take any part of 100000 tierces
at $3.50 prevented the crowd from selling as
freely as they would have down had he been
out of the market. June and July were sold
against the purchases of May The range for
May was narrow, being S7.S7I26T 92I2, and
closing at S7.92l2. Pork was moderately
active and steady most of the morning Early
sales were at Toe advance gradual recess
sion followed, as the Anglo-American party
were selling, and Il drop of 7I2c was re.
corded. but before the close a rally of 7l2c
closed at S14 200 II. 22l2 kShort ribs were of
fered freely and closed at sc lower. May
sold at STRUGGLED and closed at $3.50.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. May opened at S1Ssc closing
slice, $3.50. Corn-No. 2 May opened at
5ltsc, closing at 51ssc; June, slice, closing
al 51Ac; July, 52c. closing at 517sc Oats
No. May opened at 31I2c, closing at 8 sac:
June ssc. closing at 31I2c; August 2Sc
Mess Pork, per bbl-March opened at SI4.
closing at S14: May, S142O. closing at
S14.20; june S11.25. Lard, per 100 lbs
March oDened at 81. so: May 81. 92Ia closing
at S7.92l2; June, S7.97l2, closing at 81. 1915:
July, $500, closing at SS.O2I2. Short Ribs
per 100 lbs-March opened at S737I2. closing
at $3.50; May, S7.52l2, closing at
$3.50; June S7.6O, closing at S7.57s4'
Cash quotations were as follows: Flour
Quiet and demand limited. Wheat-No. o
spring, 757s97Sc; No, 3 spring, 67I206Sc;
No. red, Sic. Corn-No. . 4S94c. Oats
No. 2. 27Iz029I2c. Rye-No. 2. Gle. Bar
ley-No. 2, 77@S0c. Flax Seed-No. /,
Sl.44: prime timothy seed. S247M2.4 As
Mess Pork-Per Dbl, SI397I2 Lard-Per
100 lbs, S7.77l2. Short ribs sides (loose).
s.33; dry sailed shoulders (boxed). 81. 9OM
COS: short clear sides (boxedD. S7.9OM9.
Whisky-Distillers' finished goods, per gal.
SLID. Sugars-Cut loaf, 75s@S4c; granu,
lated, 1lsc; standard A. Gaze. Receipts
Flour, 20, 900 bbls; wheat, 81, 900 bu: corn.
10000 bu; oats, 10000 bu; rye, 1000
bur barley, 10000 bu. Shipments-Flonr
$4,000 bbls; wheat, 1000 bu; corn. I5S.-
900 bu: oats, $4,000 bu; rye, 5000; barley
$4,000 Blu. On the produce exchange today
the butter market was tame; creamery. 900
doir