St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-11
There Was Not Much Life In the Mar.
kets on Change in Chicago
Yesterday.
Corn and Wheat Opened a Little Higher
Than the Previous
Day.
Transactions in the Financial Circles
OF Wall Street.-The General
Quotations.

selling at lie, and May corn at s. $s6e5 lee.
The seal pePs were selling in both pits, but
there was no pressure from any other quar-
ter, and, although prices worked off 14c dur
ing the first hour, the tone remained quite
strong, at least steady. Wheat cables were
better and reports of moderate activity In the
export trade continue to arrive. 1t cannot be
said that as yet the foreigners are manifest
ing alarm or greed, bat they are nibblfng,
and they are taking considerable wheat and
flour out of the country right along, enough
to help diminish visible stocks percepti5ly
week by week. Provisions were tame. The
Anglo American bought a little pork early
10000 or 10000 lbs-at 81 4. $40 40, but
the temper of the market inclined to softness.
Trading was very light; not once during the
day did the markets develop an interesting
feature. Grain was steady the first part OF
the session, with bare suggestion of genu-
Inc original strength, but this phantom
of vigor petered OF. later, and the tendency
of values was even more downward. From
S11ic for May wheat, 51s4e for May corn and
SIC for May oats the market worked off to
Sossc, sic and Slice respectively. Just be-
fore the close wheat rallied to S07se. The
sealrers turned a half q dozen times day,
and the last conclusion reached seemed to be
that prices ought to improve. There was no
outside trade worth mentioning, and, as
usual of late, Hutchinson was the largest
operator. He slashed around regardless,
buying corn and selling wheat and pro-
visions. The Cincinnati Price Current pub
fishes to-day wheat table which gives hope
TO the bull, though bull statistics are not i'll
high favor when the markets are weak. The
Cincinnati editor estimates thatif the exports
continue for the remaining five months
Of the fiscal year at the average rate
of the preceding seven months, 1v,oe0,000
bu monthly. the supplies viii be cut
down to the $4,000, 600 bu reserve
limit TIE country is supposed 10 carry So,
100000 bu over into the next crop every
year, and when there is nothing left but this
reserve supplies may be considered as being
down to bed rock.
The Price Current was generally quoted by
the wheat bulls to-day. One feature which
is being ignored entirely by the trade is the
condition of the wheat crop of India. Re-
liable adyices from that country are to the
effect that northwestern India where nine
teaths of the wheat is raised, is suffering
from severe droutil, and that the cropis
promising poorly. III the interior. where
ene-tenth is raised, the prospect is good. India
is carrying no supplies over this year
.
probabilities of rain between new and har-
vest are said to be very slight. and India will,
i'll all likelihood, be IN small supply for ex-
port the coming year. Provisions remained
dull TO the close with an undertone of heavy
mess. The. price of cash corn advanced lie 81
bttshei to-day and is in demand at the i'm
provemeat. Receipts are disappointing and
the prediction is again freely made by re-
celying houses that they will continue to be
Disappointing. At the afternoon session
wheat was steady, corn firm, oats quiet, pro-
visions hardly moved and lard and ribs dull.
There Was very little business. $50 p. m.
prices: Wheat-February, 15rsc; March,
1J$sc; May, SOS: June, SIf2e. Corn-Feb-
ruary and March. 4634c; May and June,
51$se. Oats-May, 3II26l3Iasc June, 81 sc;
Pork-FebrGary and March. S14.10; May,
Sl5.3J. Lard-February, S7.65; March,
$40; May, $7.S2Ia; June, $3.50. Short
Ribs-February. S.. 10; March, 81. fig; May,
$7.G5; June. $40.
THE ROUTINE REPORT.
CHICAGO, Feb. 10.-The receipt - of both
grain and hogs were lighter than the est
mates, consequently there was rather firm
tone to ali the markets on change At the
start May wheat opened Isc higher at Sl1sc.
and Immediately sold to Sf14c. There was a
general easiness of values as the session adj
vaneed. The decline was most marked in
wheat, which sagged from 8 13e to S0z8c on
report that arrangements had been made
with the railroads for the immediate ship
mems OF over 1000. coo bu of wheat INTO
Duluth from country elevators. The sealBers
sold, but there WAS no other trading of i'm
portance. In spite of very favorable eontli-
tions, the wheat trading was featureless
during the balance of the session, and prices;
covered Il narrow range. May closed at Sa7sc.
Corn displayed more strength than anything
else during the opening hoHr. Trading.
however, was almost exclusively for local
account May opened Isc higher at 51Ae,
aid Immediately advanced to 3ll2C, which
was later increased to 51S4e. The two or
three large operators who were in the pit
traded on both sides of the market and
toward the close the offerings exceeded the
demand, causing May TO sell down to 5I1se.
From this figure there was a slight reaction
and May closed at 51$sc. Oats were unset
tied Transactions in May were between
81 14(G31 Use and 31fsd532c, closing at 3II2@
active, and the feeling while stronger ut the
opening was generally weak. Trading was
quite small and continues TO be confined to
the May option. Only few outside orders
came in and local traders transacted most of
the business done. May pork opened at
SlI.40, sold down 10 S14.2712, and closed at
S14.35. May lard sold at 81 SoGg7. 80, and
closed at S7.S2la. May short ribs sold at
S1.6501.IO, and closed at the former figure.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-N0. February opened at rs 14c,. clos
ing a 75Isc; March opened at 75Iec, closing
at 1oSSe; May opened at 811sc, closing at
S07sc; June opened at S134e- closing at SI12c.
Corn-Xo February opened at 46Ssc, clos.
mig 1T 4634c: March opened at 46S4c closing at
46Ste: May opened at 81 l4e, closing at 81 sBc;
June opened at 51$sc, closing at 81 ssc. Oats
No. . May openeda 3I5se, closing at 81 l2c;
June opened at 317sc, closing at 317sc
Mess Pork. per bbI--March opened at
Sl412l2, closing at S14.15; May opened at
Sl4.40, closing az 4.3o. Lard, per 100 lbs
February opened at 81. 67l2, closinga 81 65:
March opened at S761I2. closing at $1.70;
May opened at 81 50, closing at 81 S2Ia;
July opened at $T.91Ie, closing at S7.97Ea.
Short Ribs, per 100 lbs-February opened
at $50. closing at $40; March opened
at s92 T. s7o "a ei at s747I Nay
Cash quotations were as follows: Flour
Dull and steady and without special
change. Wheat-No 2 spring. 45ls@
75sBc: No. spring, 66c; No. Red, 7Sc
Corn-No. >. 47l3e. Oats--No. 2, 2Sc. Rye
S2.49. Mess Pork-Per bbi. SI4. 1O@14.I5.
Iard-Per 100 lbs, S765617 .67Ia. Short
ribs, sides Qoose}. S145; dry salted
shoulders iboxed). S6@6.o5; short clear
sides (boxed1, 81. 9o@7.95. Whisky-DIstil-
a a l' loaf, Sss@sE IL : gran1ated 7Me;
standard "a Csc. Receipts--Flour $4,000
bbls: wheat, %, 600 bu; corn, LOG, 600 bu;
oats, $4,000 bu; rye, Loco blr: barley, 46, 900
bu. shipments-FIoHr, 2I,0oO bhls; wheat,
IA 900 bH: corn, $1,000 bu; oats, 10000
bu: rye. 600 bu; barley, 50, 900 bu On the
WAS without change. Eggs higher ana scarce
at 23Ia12oc.