St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-09
THE COMMERCIAL RECORD
Values on the Chicago Board Of Trade
Affected by News From
Germany.
nOld Hutch" Makes Things Rather
Lively for the Lads in the
Corn Pit.
Transactions in the Financial Circles OF
Wall Street.-The General
Quotations.
Snecial TO the Globe.

Special TO the Globe.
CHICAGO, March S.-Grain opened soft this
morning, and within an hour from the be-
ginning of the trading May corn sold down
from 53c to 5212c, and May wheat from
S07sc to S05sc. Dealings were not on a
large scale and in the absence OF udlngs OF
the death of Emperor William operators
were inclined to take the bears side OF the
market. Receipts of corn were 2S9 cars,
90 over the estimates. Cables were fiat
and outside news was nil. Provisions were
quiet and prices unchanged. May pork was
quoted at $14@1405, May lard, $40, and
May ribs S7.1712@7.20. Hutchinson was
the great factor in corn and wheat to-day.
He sold heavily yesterday, and to-day his OPP
erations were on an even more extensive
scale. He sold about 100000 bu Of corn
this forenoon, all the oats that any
body wanted and probably not far from
] 200 900 bu of wheat. He was. also active
in provisions. He sold everything and the
whole crowd bucked him. This morning
the natural tendency of the grain markets
was upward. Hutchinsonian offerings de-
pressed May wheat to S05sc and Nav corn TO
52I2c. Every time there was little bulge he
pounded away. The market was in nery-
GUS state and news from Berlin was eagerly
looked for Several times during the morn
ing reports of the emperor's death were cir
culated. But it was not until after II o'clock
that news was received to that effect in
which the crowd would take stock. Then
there was a rush to buy and Hutchinson was
AS PowERLEss AS CHILD
to check the advance, corn went whooplng
10 33sSc, and wheat to S1Ac. Jones, Nc
Cormick & Kenneth did heavier buying than
any other firm. They bought nearly as much
in both pits as Hutchinson sold, and when
the market turned the crowd went with them
They didn't have to do any more work. Late
wheat cables were steady, and brought good
sized continental buying orders to exporters
here and at the seaboard. The popular
sentiment here and elsewhere seems to
favor the bulls side, the opposition
of single speculative level than of peculiar
notions and uncertainties of thought alone,
barring the way to strong advance to-day.
The close at l O'Clock was at range quite up
10 yesterdays close. The bulls were content
that the situation was not positively bad.
Provisions did nothing decisive. The
Schwartz-Dupre element was covering pork,
ribs and lard all forenoon, not bidding for
stuff, but taking offerings when they could
do SO without stimulating the market. It's
now pretty generally believed that the So
600 to 10000 barrels of pork bought week
or two ago by A. NJ. Wright & Co. were for
Cudahays account. and that that great spec
ulator is nearer even with the market
than he has been for months.
This, of course, is mere conjecture, as is the
story that the bear combination is holding
up May without buying any more than can
be helped until they can get out bigger line
for June, and then smash the market and
leave the FowIers syndicate to hold the bag
if any such syndicate now exists, which
many are disposed TO doubt. All the after
noon session was quiet, considering the con-
flicting and exciting foreign news, and the
close at 2 80 was lower than l p IN. Trad
ing was on a moderate scale.
THE ROUTINE REPORT.
CHICAGO, March 8.-The Emperor Williams
condition caused some uneasness among
spectators. Scalpers loaded up in anticipa-
ton of bulge, which they expected would
come when any favorable news arrived.
were suddenly seized shortly after the open
ing with desire to sell, and began dumping
their holdings in such promiscuous manner
that caused a break of 5sc in corn, 14c in
wheat, and Csc in oats. 1t was only tenn
porary, as buyers soon appeared and began
previously sold, and the result was
sharp rally that carried prices a shade above
opening figures. Wheat was nervous mar
ket and largely influenced by the nature of
reports received regarding the condition of
Emperor William. The market ruled quiet,
although there were several spurts. May
opened unchanged at S0340S07Bc, advanced
TO Sic, broke to SGSSc under free offerings
by several spectators, reacted with better
feeling to Sl4c, became weak again and
Ill 4 nNO Nl,n nAt,4 0c
surprise to all classes of spectators. Trad
ing, although large, failed to equal that of
the three preceding days. and was more of
pearish character. Hutchinson was a
principle.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No.2, March, opened at 75$Sc. closing
75a4c; April, 76lsc; closing at 761Sc; May
SOa4c, closing at S09sc: June, Size, closing
at Sic. Corn-No. 9, May, opened at 52lSc,
closing at 525sc; June, 52l2c. closing at
552a8c; July, 52s4c, closing at 529sG. Oats.
slice; June, 31ssc, closing at 31l2c;
July opened at 3014c, closing at 30Ac; Au-
gust, 27c, closing at 2Sc. Mess Pork. per
6bl-May opened at S14.07, closing ats l4.05;
June, $14.10, closing at S14.0712. Lard,
per 100 BISMARCK opened at $7.60, closing
$40; June opened at $7.75, closing at
81, 72l2; July opened at $3.50, closing at
$7.7712. Short Ribs per 100 lbs-May
opened at $7.1712. closing at S7.22l2;
June opened at SPITE, closing at 81 .32l2;
July opened at S7.42l2, closing at 7.4O.
Cash quotations were as follows: Flour
unchanged and steady. Wheat-No. spring,
76A@79l2c; No. 2 red, 91Ae. Corn-No. 2,
51a4@52c. Oats-No. 2, 2Sa4@30c. Rye
No. 2, 59l2c. Barley-No. 2, 77@s2c. Flax
Seed-No. l. 81. 44@1.45. Timothy Seed
Prime. S2:52@.53. Mess Pork, perfbbl ,S12.95
aid; lard, per 100 lbs $3.50; short
ribs sides Qoose), 81. 12I2@7. Is; dry sailed
shoulders (boxed), S6@6 10: short clear sides
(boxedl, S5.50@7.5O. Whisky-Distillers'
finished goods. per gal, SLID. Sugar-Cut
loaf, 79sO9Ac; granulated, Else; standard
"A,' 6s4c. Receipts-Flour, $4,000 bbls;
wheat, $4,000 bu; corn, Us, 900 bu; oats,
100000 bu; rye, 10000 bu; barley, $4,000
bu. Shipments-Flour, 20, 600 bbls; wheat,
G,000 bu corn, 107, 900 bu; oats, $4,000
blu; rye, 1000 bu; barley, 10000 bu. On
the produce exchange to-day the butter mar
ket was steady: creamery, 22@2Sc; dairy,
1IIhMOSn 1otr Of