St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-29
THE COMMERCIAL RECORD.
There Was Weakness, Followed by
Reaction, on the Chicago Board
Yesterday.
Wheat Was Offered Freely in Small
Lots as a Sort Of
Bluff.
Transactions in the Financial Circles of
Wall Street.-The General
Quotations.
Special to the Globe.

CHICAGO, Feb. 2S.--The markets have
rarely presented a more uninteresting front
than they do to-day Wheat and corn were
overwhelmingly dull and the tendency of
values was downward though the actual de-
cline was small for the first hour. May
wheat opened Ac off and ranged from SO9s@
Sole. May corn sold down from 51A to
50s4c, but frmed up and was in moderate re-
quest at 51@5llsc. The weakness in grain,
however, was more seeming than real. 1t
was due more to an indisposition on the part
of operators to do anything than to sell. 1t
Is lnaction rather than slumpiness. Wheat
cables were dull this morning and outside
news was flat. Receipts of corn foot up to
46I cars, only Il trifle under the estimates.
Provisions were stagnant early, with May
pork quoted at Sill 05, May lard at 81. 500
7.SOl2, and May ribs at S7.35. The buying
the pit to-day was Of the substantial kind,
and the market seemed pretty well pumped
out. There was less wheat for sale to-day
than there has been for long time, and the
demand, as before stated, was from good
parties who are not in the habit of taking on
a load in the evening and dumping it over
the next morning if the market goes against
them lsc. The market was firmer the last half
than the first half of the session, and the
prices of May ruled at S0ss0sO12c
most of the time. Only a light
business passed, however. The crop news
was discouraging in the main. AS yet the
speculative sentiment has not been seriously
affected by weather news though had it
not been for the depressing influence of the
strike the market might now be in the throes
OF furry. Estimated receipts of corn for
tomorrow are 14I cars, a falling off of 800
cars III one day. This is what firmed up the
market, which opened weak and flat at a de-
cline as compared with yesterday, as de-
scrlbed IN the opening paragraph of this re-
port. The statement in one of the morning
papers that 5000 cars loaded with corn,
pointing this way, on the Chicago, Burling-
ton d Quincy road. were side-tracked and
would be pushed forward at the earlist op-
portunity was bear card till its absurdity
was fully set forth to the satisfaction of the
trade. Speculation was dull at best and
prices ranged above sic for the most part
Commission houses are doing very little one
way or the other now. Everybody is COM
planning of dizziness. In provisions the day
passed without a new feature of interest
The market ruled firm and prices were a
shade better than yesterday most of the
time, but business was restricted in its char
acter 10 local operations on a small scale.
At the afternoon session there was more
activity than during the morning session, and
prices of grain and provisions wer9 some
what lower. Wheat declined lac; corn.
ls9Ac.
THE ROUTINE REPORT.
CHICAGO, Feb. 2S.-The markets on change
to-day were marked by weakness al the open
ing, followed by reaction in prices for grains
and slight frmneSses and advancing prices
for provisions at nearly closing, with repe-
ntlon of the early weakness. 1t was an I'M
eventfuI session for the wheat crowd. The
closing hour yesterday indicated weakness;
the talk was for heavy market day. The
result was an opening On local feeling "A
under the close at SO14c for May. Two large
local houses offered wheat freely the first
hour III small lots, creating the impression
that great quantities were for sale. Such was
not the case. After May sold at S01sc there
was slight rally. The price of May frmed
up to SOSs@SOl2c, about the closing price
ing. There was slight letting down of
prices at the end, May closing at soc. May
corn opened lsc off, and early selling sent it
down three points to 5oa4c. When the
aided by the light posted receipts for
tomorrow, and sold to 51SBc. weakening 4c
Just before the closing, and resting at 5O7S0
Ole. Another slow day was passed by the
provision traders, business being slightly
smaller within about as narrow a range
Despite dizziness strong feeling developed
especially in pork, which advanced lOl2@
12c, but receded 5@7l2c and closed at yester-
DAYS figures. Sales of May ranged at $14.O5
OLA LIE, and closed at SD. 05. Lard and
short RIBS were quiet. May lard sold at 81. so
@7.S5, and closed at 81. S7I2. Shortribs sold
at S1.35@7 .3712, and closed at top, an adj
vance of 2l2c. The receipts of hogs were
small, and the market steady. Stocks. here
are estimated at 155, 200 to 100000 bbls;
pork, $4,000 bbls. and lard 100000 lbs.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat--No. ., March, opened at 75Ac, clos
June, sOssc, closing at SO1sc; July, SOSsc
closing at S118c. Corn-No. 2, March opened
at 467sc, closing at 46zsc; May, 51lsc, clos
ing at 5O7sc; June. 507sc, closing at 5O5sc :;
opened at SIC, dosing at Sic; June, sic;
opened at S14Oo closing at $14.O5; June,
$14. 12l2. closing at S14. 1872. Lard, per 100
lbs- Mar opened at S7.7212, closing at
June, S7.85, dosing at 81: SIP; July, 81 80,
100 lbs-Mareh, s7:15, closing at at
Snn7s Ms n Xa s7s5 c, ciGsing at s7372
Cash quotations were as follows: Flour
quiet, steady and unchanged. Wheat
No spring, 7514@7SS4c; No. 3 spring &c
@Ssc; No. red, sos4c Corn-No. 2; 1890.
Dbl, $3.50. Iard@Per 100 lbs, $7.72l2.
Short ribs sides Qoose(, s3:17ls; dry sailed
sides (boxed). S750@7. 62I5. Whisky, dis
tillers' finished goods, per gal, S1.15. Re-
ceipts-Flour, $4,000 bbls; wheat, al, 600
bu; corn, $4,000 bu; oats, 121,OOO bu;
rye, 5000 blu; barley. $4,000 bu. Ship
ments-Flour, "a 900 bbls; wheat, 10000
bu; corn, $4,000 bu; OATS 10000 bu; rye.
1000 bu; barley, 90 900 blu. On the prod
uce exchange to-day the butter market was
$ low; creamery, 21@2742c; dairy, 16@25c.
Eggs dull at 10000.