St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-07
The COMMERCIAL RECORD
On the Chicago Beard Of Trade Yester-
day the Markets We're
Less Active.
News From Outside Was Scarce and
the Little Heard Was Not
Stimulating.
Transactions In the Financial Circles OF
Wall Street.-The General
Quotations.
Snecial to the Globe.

onened dnll and weak Corn receipts were
33I cars, 81 over the estimates, ana, Won
der of wonders, six of the lot were OF con-
tract grade. May corn opened Ac of at 53lsc.
The market dragged for awhile, but about
10 o'clock it started up and advanced
sharply to 53s4c. Hutchinson sold guam
tity on the bulge, but the shorts, as usual
were anxious and excited at the first lndlca-
ton of an advance, and by their purchases
added force to the movement they wanted 10
avert. The market paused for a time around
5334c for May, 53Ssc for June, and 33ssc 1or
July. Wheat cables and corn cables, TOO,
were firm, with an improved tendency re-
fleeing the spirit of the American markets
Yesterday. Wheat advanced to SO7Sc Tor
May and STAG for June, with only
q light trade. Heavy buying by
Helmholz, al hitherto unconsplcu-
Gus figure, excited some wonderment.
Provisions were steady at somewhat I'M
proved prices, May pork selling as high as
S13.97l2 about half an hour after the open
ing Early quotations for May ribs were
81. 2212, and for May lard S7.72l2. The corn
market continued in a nervous, bulgy STATE
most of the morning, with old Hutch the
biggest buyer, and Jones, Mccormick d Ken
nett pounding away at the remote futures al
q savage rate and without intermIsslon Inc
country is again on the market on generous
SCALE but majority of the professionals are
ranged on the other side. The bull argument
is found in the light receipts OF NO. Z ana
the smallness of local stocks. Ihat Is
their stock in trade. The strike mas
in reality interfered less with the move
ment than was anticipated. The Burling-
ton receipts are, of course, shut Oil
entirely, but on the other corn roads there
has been an increased movement and arrivals
are less than they were week ago by only
about 100 cars day, and considerably III eX-
cess of the totals Of year ago. The country,
however,
CATCHES THE BULL FEVER
very easily, and to-day the corn pit was
fringed with the coonskin caps OF rural Gus
toners The coonskins have been absent
from the floor for weeks, and their return is
good for the sore eyes OF commission mer-
chants. Houses having st. Louis ana New
York connections are bearlsh, and they nave
been among the largest sellers st. Louis &c
under Chicago, and New York &c, relatively,
and the tone of both these outside markets is
heavy. Operators from these points
were selling June and July to-day.
They are not extending their lines of May,
but are spreading out over the whole list in
manner indicative of small faith in the sta
bility of the long futures. Locally the mar
ket was tumultuous and stormy. The price
of May touched sac, and while May sold Off
12c June and July broke Ac. Wheat was
ather dull and uneventful. Incidents ana
news were the reverse of sensational The
fluctuations were narrow and III sympathy
with corn, responding to advances reluct-
antly and to declines rapidly. The top for
May was Sic and the bottom 8Ol2c. Bust
ness was light. Tidings from the winter
wheat fields were not of an encouraging char
acter, but crop damage reports fell on
skeptical and unheeding ears. The crop
Killers are not as influential as they deserve
to be. Toward the close the grain markets
were steady at a reaction from top prices.
At the afternoon session corn was active and
declined 14@3sc. Wheat was weak in sym
patty and ls@Ac lower. Oats easy and Ac
lower. Provisions were barely steady. 2:3O
p. m. Prices-Wheat, March, 755Sc; April,
761sc; May, S0l2DS05sc; June, SO7sc Corn
March, 491Sc; April 498sc; May. 53A@
53ssc; June, 52s4c. Oats-May, 3175c: June.
32c. Pork-March, S13.77l2; May, S13.92l2;
June, $14.02l2. Lard-March, S7.92l2 April,
$7.65; May, $40; June, S7.75. Short Ribs
March, $40; May, $720; June, $727l2.
THE ROUTINE REPORT.
CHICAGO March 6.-The markets were less
active, except in corn, and even that grain
lost some of the buoyancy displayed yeSter-
day. Opening was with steady feeling in
wheat, but weaker and lower for corn, and
an apathetic provision trade. Fluctuations
were confined to a narrow range. Wheat was
decidedly scalper market Al times trading
was very brisk, but during most of the day
the pit was not half full of operators. News
from the outside was scarce and the little
that the many they managed to get did not
stimulate trading on either side. Several
scalpers made a plunge at the market and
sold 25 900 TO 10000 bu, but did not ma
terially affect values. May opened at S0&c,
sold down at l to S0l2c, and after remaining
between S05S@lS07Sc for over an hour, finally
closed at S0l2@1S05sc. Corn was again the
leading speculative article, and the volume
of trading reached a good aggregate. No new
DEVELOPMENTS calculated to cause decided
change i'll the general market were noted, and
the frequent changes that occurred were
due directly to operations of scalpers
New orders, however, are taking hold. May
opened weak at 531sc, sold up under com
petitive buying to sac. On the bulge offer
ings became free, several large houses be-
coming heavy sellers and filled the crowd up,
and a recession to 3l2c took place, nervous
feeling existing. Shorts did not feel disposed
to stand on their trade and continued buy
ing A rally to $3.50 followed and closed at
5314c. Oats were steady and fairly active,
one lot of 100000 blu for May delivery being
included in the sales. The market ranged
4@3sc lower, but afterwards sold back and
closed firm with May at 317Sc. There was
nothing i'll the provision market to attract
special attention. Lightweight scalpers were
the principal traders, fluctuations were con-
fined TO a small range and general feeling
of steadiness prevailed. May pork sold at
$l3.S5@l3 97I2 and closed at Sl392l2. May
lard was slow at S7.70@7.77 and closed at
$40. Short ribs sold at $7.20@7 22l2 and
closed at S7.20.
THE QUOTATIONS.. -
The leading futures ranged as follows:
Wheat-No. 9, March, opened at rs. closing
757sc; April, 76l2c; closing at 76lsc; May,
S334c. closing at s0l2c; June, Sic, closing
closing at 534c; June, 527sc, closing at
524c; July, 53c, closing at 527sc. Oats
No. 2, May opened at 3l7sc, closing at
31Bc; June, 317Sc, closing at 32c; July.
3012c, closing at 32&4c; August 2sc. Mess
Pork, per bbl-May opened at $13.S5, closing
at SIS 2I2; June, .$13.97R. Lard, per 100
lbs-March opened at $3.50, closing at
$7.62l2; April, S7.65, closing at $7.65; May,
$40, closing at $40; June, S7.75, closing
at $40. Short Ribs per1o0 lbs-May opened
ingat$7 27l2; July, 81. 37l2, closing at ST. 80.
Cash quotations were as follows: Flour
unchanged and steady. Wheat-No. spring,
775s@79Ac; No. 2 red, s1a4c. Corn-No. 2,
5Nol0Z42c. Oats-No. =, Z94Wo1c. Rye-
No. 2, SOC. Barley-No. 277@82c. Flax
Seed-No. l. $1.45. Timothy Seed-Prime,
S2.54@2.55. Mess Pork, per Dbl, $13.75@
1880: lard, per 100 lbs, $7.62l2; dry sailed
shoulders (boxed): $6.O1; short clear sides
finished goods. per gal, Sill Sugar-Cut
loaf, 7ls@7Ac; granulated, Use; standard
GA 634c. Receipts-Flour, $4,000 bbls;
wheat $1,000 bu; corn, 10000 bu; oats
$4,000 bu; rye, 1000 bu; barley $4,000
1900 Blu; corn, 13S,000 bu; oats, $4,000
bu; rye, 10000 bu; barley, $4,000 bu. On
the produce exchange to-day the butter mar
ket was in better demand; creamery, 2112@
Csc; dairy, 16A@17c. Eggs, 1612@17c.
r, M. NEWPORT e. SON.