St. Paul daily globe., 1889-02-10
Sealpers Take Hold of the Wheat
Market and the May Future
Deliveries.
Corn Weakens, Oats Continue Firm,
Provisions Taking Tumble at
the Close.
Financial Operations in the Monetary
Centers---The General Quo
tations.
Sneciai 10 the Globe.

the trade about all in May, and the
prices ranging principally between Sl.03
and S1.O4. 1t was Hutchinson who led
the scramble for the stuff yesterday
when May touched S1.05, and he was.
through his brokers, the most consplc-
uOus buyer early to-day at Sl.03 and
S1.O315, but it was claimed that he was
seller at sl.04. His transactions more
than any other kept the price within lc
range the greater part of the session.
The bullish news was from the North
west, where the wheat is held that way
taken from farmers hands at the high
est prices. The talk was mostly about
flour, and it was claimed that the de-
mand continues good and that further
large sales were made at Minneapolis.
Receipts were 80 ears, with l car of No.
aspiring. The Monday estimate is II cars.
The action in May wheat in this market
was S1.O515 to open, up to s1.04, off to
S1.03, up to S1.04. off to S1.027s for a
moment, up to sI.0314@1.03$l at p. m.,
with the pit dull. July ruled about 13c
under May, selling between soc and Ole.
Wheat closed &c over the bottom price
of the day and sc under last night at
s1.0311s for May. Dispatches were re-
ceived shortly before the close by
Dwight and others giving $4,000 to 3d.
600 bbls of flour taken at Minneapolis
to-day. The news had no effect in the
pit. Corn receipts were 491 cars this
morning and the estimate for Monday
was All cars. The grading showed 26
n nk1 nd
cars No. 4. Out of the entire re-
ceipts, $50 cars went through. Ship
ments were $4,000 bu. Export clear
ances were PIG, 600 bu. Prices we're main
tanned early, but weakened later in the
day about &c for March and May. Oats
promised early to be strongest thing on
the floor. There was good buying, and
May sold at from 271sc up to 271ac.
Later the action was reversed. and the
close was steady at 271sc. Receipts,
126 cars, estimate 40 cars. Provisions
were strong and higher early in the
session, but the strength did not hold.
About noon there was weakness all
around, and prices not only lost the adj
vance of the morning, but sold 5(015c
below closing figures yesterday. The
business was mostly in May. Ribs sold
at S6.25@6.2719. and Off to s5.1715 at l
p. IN. Lard weakened from $6.9714 to
S6.S5. Mess pork, S11.7219911.75 to
Sl1.G5 early, and toward the close to
$11.5219. rallying to S11.55 just before
the close. Packing to date is 1,227,0
hogs, against 1,552, 200 one year ago.
THE ROUTINE REPORT.
- CHICAGO. Feb. 9.-Trading in wheat
to-day was not as heavy as yesterday,
still fair business in the aggregate
was transacted. The buying and sell
ing was not as pronounced as yesterday,
and the t1uctuation of prices confined
within smaller range. But Judging
from the action of the market it appears
that the short interest those who were
frightened at about the price ruling. had
was less demand. The market opened
about &c lower than yesterdays clos
ing, advanced &c ruled steady and
closed about &c lowe than yesterday.
Corn ruled quiet and steady early in the
day, but as the session advanced,
weaker feeling prevailed. Transactions
were confined mainly to May. The
market opened at yesterdays closing
prices, and was steady for a time,
there being some orders around
B5$lc, but when the estimates for Mon
day became known, the local crowd sold
and this, together with the free offer
ingS by one local operator caused de-
cline of &c, reacted some and closed at
opened strong, at yesterdays closing
prices, advanced 35c, grew weak, re-
ceded and closed at about inside figures.
Little attention was given pork. The
filling of orders advanced prices 5(0I0c
early in the day, but a weaker feeling
was developed later. and a reduction of
20(02215c was submitted to. Trading
was moderate in lard. Prices were ir-
regular, trifle higher early. but de-
clined 10015c later, and closed weak.
Only fair business was reported in
short ribs. Early the market was
stronger. prices ruling 2119@5c higher.
but later weakened and reduction of
5C@10c was submitted to.
THE GENERAL QUOTATIONS..
Wheat-No.. l, February opened
$1O17S; March opened s1.O17, closing
S1.O1%; May opened S1.U31s. closing
S1.03115; July opened 9019c. closing 9O1Sc.
Corn-No. 2, February opened 341lc,
closing 34c; March opened 34$4c, closing
341sc; May opened 357sc, closing, 351sc.
Oats-No. 2, February closed 25c;
March closed 2515c: May opened 2715c,
closing 271Sc. Mess pork per bbI-
February closed SLIPS: March opened
S1l.4O, closing S11.35; May opened
$1l.7215, closing Sl1.35. Lard Wer 100 lbs)
February opened S6S5. closing $6.75;
March opened S6.s715, closing 1913;
May opened $685., closing s6S5.
Short Ribs (per 100 lbs)-February
opened Sc; March opened s6.1O, closing
s.; May, opened 1928, closing S6.15.
Cash quotations were as follows: Flour
Steady and unchanged. No. 2 spring
wheat, S1@1.OS; No. 5 spring wheat,
S7(092c; No. 2 red, S1@l0S. Corn
No. 9, 34c. Oats-No. 2, 25c. Rye-No.
9, 461lc. Barley-NO. 2, nominal. Flax
seed-No. 1, Sl.59. Prime timothy seed,
$3.50. Mess pork. per bbl, Sl1.35(0l1. 40.
Lard, per 100 lbs. $6.77L5. Short ribs
sides QOose), S6@6.10. Dry salted Shoul-
ders (boXed), s5.50(06. Short clear sides
(boxed), S6.25@6 3715. Whisky-Distil-
lers' finished goods, per gal, S1.O3.
Sugars, unchanged Recepts-Flour,
1000 bbls; wheat, $4,000 bu; corn, $780,,
600 bu; oats, 118,000 bu; rye, 5000 bu;
barley, $4,000 bu. Shlpments-Flour,
5000 bbls; wheat, 10000 bu; corn, 1885,
900 bu; oats, 71,000 bu; rye, 1000 bu;
barley, $4,000 bu. On the produce eX-
change, to-day. the butter market was
steady; fancy creamery, 2S(029c; good
TO choice, 20(025c; fine dairy, 2O(@22c:
good, 15@aOc. Eggs steady at lS115@14c.
r. M. NEWPORT 6 SON,