St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-03-01
THE COMMERCIAL RECORD.
Trading Was Decidedly Slow in ALI
Lines on the Chicago Board
Yesterday,
Despite the Important Fact That It
Was the Last Day Of the
Month.
Transactions in the Financial Circles Of
Wall Street.-The General 9
Quotations. -

Special to the Globe.
CHICAGO, Feb. 29.-Cables mention heavy
shrinkage in Liverpool stocks Of wheat dur
ing the morning, and English and continental
markets are quoted as firm. The. local situa-
ton is without change. Offerings of March
wheat were free this forenoon. preliminary.
to to-norrow's deliveries. May ranged from
79s4c to SI1sc during the first hour. Hutch
inson was a moderate seller of corn, and
kept early quotations down to 51@51Ac. Re
ceipts are light Corn -cobs are firm. and
the local speculative undertone is strong IN
spite of the placid surface signs Buying OF
pork by Steiver around the opening put up
the price from $14.O2l2 to Sl4.10. Boyd d
Durham and Norris bought all the June ribs
they could get at $7.4212@7.45 Lifelessness
was the prevailing feature of the board OF
trade market all day. Hutchinson was a
moderate seller Of both wheat and corn. But
on no signs of weakness he turned in and
bought If he were still running the put and
call market he could not seem more DESTROYS
of holding the market down to within the
narrowest limits. The old gentleman de-
clares that he is doing nothing in privileges.
He probably knows. May wheat is strong at
79B@sOc and weak at soc, wired broker
in reply to an inquiry from an outside Gus
that told the whole story. The market ranged
at 79s4@S0Isc all day, with the price at 1919
@s0c most of the time and very light bust
ness passing. Damage reports from winter
wheat points are on the increase, and New
York advices are mildly bullish in tone. The
local temper is hesitating between bearish
and hopelessly, forlornly bullish. The
bulls are not doing anything except praying
for
THE HAND OF PROVIDENCE
to come along and lift the market up by the
hair of the head. 1t being a little late in the
nineteenth century for miracles. their posi-
ton does not appear to be hilariously at
tractive at this stage of the proceedings. The
Northwest is a believer in high prices. Min
neapolis advices say that the big run OF
wheat to that point is over, and the amount
of Manitoba wheat awaiting a chance to
come forward is represented as having been
overestimated. The inspection sheets report
the arrival of 1874 cars of corn yesterday, and
estimates for to-day are LII cars. Specu-
lative sentiment is friendly, and it would not
take a great deal of muscle to ad-
vance prices. The selling by Hutchinson
was said to be more for repressive influence
on wheat than to break. Corn trade was
light but commission houses were doing
rather m ore than they have done for some
time. At best the outlook for roaring
boom cannot be said to be. especially lumin-
Gus. After little squirt of activity in pro-
visions the market flattened out, and for the
last couple or three hours the pit was de-
serted. 1t was the dullest day for a month.
At the afternoon session provi IONS we're
steady, with pork trifie higher. 1ncre was
better feeling in grain, and prices for wheat
and corn advanced about Ac. 2:30 p. m.
prices: Wheat-March, 75Ac; May, $3.50
90Ac; June, 9Oss@S01ac. Corn-March, 47c';
May, 51A@51ssc; June. 5O78c Oats-May,
31Isc; June. 314c. Pork-March, $3.50;
May S14.O7I2; June, $14.O5. Lard-March,
S7.751a; May, $7.S21a; June, S787H2. Short
Ribs-Marcb, $7.l712;. May. $7.3712; June,
S745.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 9. March, opened at IA 7sc, clos
ing at 75Ac; May, 797sc, closing at SO1sc;
June, soc, closing at 80Ssc; July, soc. clos
ing at sOsse. Corn-No. 2, March opened at
5oi4c; June, 5oase, closing at 5o7sc; July,
Sic closing at 5114c.. oats.No. 2, May
opened at 3OBc, closing at 311sc; June,
311sc, closing at 31lSc; July, 29Ae, closing
at Soc Mess Pork Pc. bb o Mar op e1f
at S1415. Lard, per 100 lbs-March opened
at $40, closing at $7.7312: May, $3.50,
closing at $7.S219; June, S7.e5, closing at
81. 1919; July, 81. 80 closing at 1922. Short
Ribs, per 100 lbs-March, .S7.15, closing
at $7.17la; May, S7.35, closing at 81: 37!2;
June, S7.42, closing. at $7.45.
Cash quotations were as follows: Flour
quiet and featureless; prices unchanged;
Wheat-No. 2 spring, 75@79&c; No: 3
spring, 66@6sc; No. 2 red, s0l2e: Corn-No.
g. 48s4c. Oats-No. 2, 2T34@29a4c Rye
No. 9, soc. Barley-No. 2, 77@s2c. Flax
seed-No. l.. ST. Timothy seed-Prime,
So 40. Mess pork-Per Dbl, S13S5@13.87
Lard-Per 100 lbs, S7.72I2. Short ribs sides
Qoosel, $7.15@7. 20; dry, salted shoulders
(boxed), S5.9O@6 10; short clear sides
(boxed). S7.5O@7. 621s. Sugars-.Cut loaf,
75S@sl4c; granulated, 7@c; standard a
sac. Receipts-Flour, "a ZOO bbls; wheat,
$4,000 bu; corn, 313, OUO bu; oats, 10000
bu; rye, 10000 :bu; barley, $4,000 bu.
OOGbu; corn, IS, 900 bu; oats, 105, 900 bu;
rye, 10000 bu; barley, 10000 bu. On the
produce exchange to-day the butter market
was without material change creamery, 2l12
@27lae; dairy, 161a@24c. Eggs tending