St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-14
THE COMMERCIAL RECORD.
No Cables and No Eastern Business
Nade Dull Day in Chicago
Markets.
Grain Markets We're Firm But Dull,
and the Same May Be Said OF
Provisions.
Transactions In the Financial Circles OF
Wall Street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, March 13.-On change the open
fng scenes were not particularly interesting
There were no cables, and the business rom
the East and New York is still in suspenueu
state of animation. Local talent ulo no.
have to compete with outside talent IL nau
all the business and didn't seem over ANXIOUS
TO indulge in hazardous speculative gyhllas-
tics. In fact, transactions during the early
part of the session were of light volume:
Foss, Strong IL Co. appeared as sellers Oh
corn at the opening, and acting on the De-
lief that their enormous line was coming out
the scalpers sold May pretty freely al ol'4e.
The Foss, Strong & Co. selling proved 10 DC
Of no consequence-he execution OIL
small order and the market recovered Ac az
once. Receipts Of corn to-day were 900
cars of which twenty six came IN over INC
Burlington. May wheat sold within Ac range
the first hour, 79l2@l79s4c being the extremes.
The market was tirmer than yesterday, puV
very dull. Provisions were dull anu hrlh'
May pork ranging from S14.lO TO SI4.iIl2,
May ribs from 81. 27l2 to $3.50, and May lard
being quoted at $40.
The decline in the grain market seems 10
have been checked. There was excellent
buying of wheat to-day by such houses as
Boyd, Paxton & Boyd and Irwin, Green q
Co. No attempt was made to bull the mar
Get, the aim being TO get as much whea' as
possible at the lowest figures optalhaoie'
The buying was not of Il kind to attract un-
necessary attention. Crop experts VINO are
circulating through the winter wheat pel' III
the Day of commission merchants ana hpec
ulators are sending in bad reports almost
without exception. Weerst is one Oh the
radical fellows. He says there Will
not be over 60 per cent OF 1ull
crop under the most favorable conditions.
Country correspondence IS OF the same TENOR
as the advices of experts. The weather Is
bad for growing crops, as everybody Is no"
prepared to admit. From the Northwest lhe
news is again getting bullish. Mlllers III Tue
Northwest are feeling bullish. The price ol
May wheat in this market ranged 193sW|3Isc
and of May corn 51l2@51Ac. Corn was
especially dull Receipts for tomorrow Will
approximate 265 cars. Provisions developed
great strength as the day advanced. There
were evidently some large buying orders III
tie hands of brokers which could not De
executed for fear of breaking up the market.
There was no time during the morning that
sellers could not dispose Of their property on
the quiet above the bid price III
the pit. Brokers were on the
alert TO pick up everything thae
was offered in pork and i'll ribs without dls-
tlrbing values. As it was May pork ad-
vanccd to S1425 and May ribs to S7.31l2.
The market was unqualifedly firm. A large
business was done on the afternoon board.
A stronger feeling developed and wheat and
com advanced lac. pork Zoe, lard 2l2c and
ribs sc, and closed at the top 2:3O p. m.
npil Th3.R
MAY 797sc, June S0Isc.. Corn-March 47$Sc,
April 475sc, May 515sc, June oll2c. Oats
MAY 3l7sc, June 3lISc. Pork-March $l4. 10,
NAV SI43O. June S14.3O. Lard-March
$7.67i2, May $7.75, June S7.1I2. Ribs
March S7.35, May S1.42l2, June 800.
THE ROUTINE REPORT.
CHICAGO March photographic commu-
nicatOn with New York, and, i'll fact. all OF
the important points of the Atlantic sea-
board was almost completely shut off to-day.
The visible supply statement could not be
made up, because the stocks i'll store in the
East were not forthcoming. In the absence
of all news and the lack OF COMMUNICATION
with the East, Ii was not surprising that tne
markets dragged.
There were few country orders in the
wheat market at the opening OF the board,
but they were only sufficient to firm prices
temporarily. May opened at 1912c, and
fImed Immediately to 195s@79s4c, but
dropped back 10 19l2c a few minutes later.
Business entirely petered ont before the first
hour had passed. There were enough more
shorts than longs i'll wheat TO firm the
price up to 1850, and to hold 1t there
for some time, and after another reaction
to 1850, May closed at that figure.
Corn was quiet to-day. there being but little
outside business; lacal operators did not
trade to any extent. The feeling was steady,
the market being governed by local ln1iu-
ences. Nav opened at 5ll2c, sold at d $50
nd c1nSa6 a = 3,p Oats u rillp
quiet and uninteresting. May and June closed
at 3llse better business was transacted
in provisions but the volume OF trade was by
no means heavy. The principal demand
being light, it required little effort to put
prices up. May pork opened at SILL 2l2,
sold to SLIPS. receded and closed at S14.30.
Lard remained steady at S7.70M7.72l for
May. Short ribs were advanced Zoe by
scaipers commission man, who had an order
for July. Sales for May were at S7.2712 and
July at 81 1922, closing at the top.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. . spring, April closed at 751sc;
May, opened at 79l2c, closing at 797sc June,
soc, closing at 90l8c: July 79l2c, closing at
Soc Corn-No. = May opened at 5112c;
closing at 515sc; June, 5l5sc, closing at
b1I2c; July, 5l5sc, closing at 5la4c Oats
No. 2 May opened at Bic, closing at 31lsc;
June 3llsc closing at 31lsc; August, 27s4c,
closing at 275sc. Mess Pork per bbl-May
opened at $14 12I2, closing at $14. 80; June,
SID 15c, closing at $l4.30. Lard, per 100
lbs-MaIch opened at S7.65; May, $7.67I2;
June, $40, closing at $7.75; July, $3.50,
closing at S7.e2l2. Short Ribs, per
100 lbs-May opened at S7.27l2,
closing at S742l2; June, S7.37l2c, clos
ing. ct $3.50; July, S7.47!2, closing $7.5712.
Cash quotations were as follows: Flour quiet
and prices unchanged and steady. Wheat
No. 2 spring, 7475@7Sl2c. Corn-No. q
bOl2@501sc. Oats-No. 2, 2sAc. Rye-No.
2, 58I2c. Barley-No. 2, 77@sOc. Flax
seed-No. 1, S1.45 bid. Prime timothy seed,
$3.50. Mess Pork, per Dbl, $1405@14.10.
Lard, per 100 lbs, S7.62l2@7 So. Short ribs
sides loosel, 1928; dry, sailed shoulders
lboxed) S6@6.1O: short clear sides (boxed),
$7.65@7.70. Whisky-Distillers' finished
goods, per gal, SLID. Sugars-Cut, loaf,
f9s@S4c; granulated 7.O6c; standard A.
$1,000. Receipts-Flour, $4,000 bbls;
wheat $4,000 bu; corn, $4,000 bu; oats
145, 900 bu; rye $4,000 bu; barley, $4,000
bu. Shipments-Flour, 10000 bbls; wheat,
14.ooo hE; corn, 1920 b bg a oats 81 600
the produce exchange to-day the butter
market was steady; creamery. 22@29c;