St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-06
STRONGER At THE START.
Wheat Coquettes With the Bulls Just a
Little to Begin With,
BUT EASES UP LATER ON.
Stocks Also Open Higher. and as a Rule
Markets Close the Week
Actively.

cash wheat was in good demand, strong ana
higher. The speculative market was ngnt
after the first hour, and was weak III tone,
Hutchinson was seller, and the crowd did
not have much nerve to change prices either
way. June sold at SOl2c to SOtsc to SOsbc to
Sic to SOlac to SOSc. At O'Clock July sold
from 7S9sc to 7S1sc to 7Sssc to 77s4c to Use.
The trade was divided ON the conditions in
the Northwest. Rain was predicted ana
expected i'll the Northwest. There was no
significance in receipts here. Our inspection
showed "a, 600 bushels, mostly spring wheat.
Exports, for Atlantic port, for the week
were 100000 bu wheat and 10000 bbls
and sacks of -four The market promised to
close featureless nearly at bottom figures.
The demand TOR cash wheat had its effect be-
fore the close in an unmistakable way. June
closed 5sc higher than last night at SO7sc,
while July, the new crop feature, closed Ssc
lower at 777s@7Sc. The heaviness of the
corn market is somewhat surprising, consid-
ering conditions. The cash demand seems
to be the only support, and that does not
create any courage among the speculative
bulls. Shipments were 466, 900 blu, and lake
charters to-day reached 400, 900 bu. Out in
spection, 81 900 blu. Cash corn has made
l2c advance for the week. There is not
enough contract corn here to supply shipping
demands one week, should receipts stop. The
market was narrow in spite of everything.
Oats were easier and ranged lower, without
any special feature. Receipts, 1873 cars. The
provision market was somewhat weak at the
start and quite weak at the close, with
prices for July delivery 7l2c lower for ribs
and lard and zoe lower for mess pork. Re-
ceipts of hogs at the yards were $4,000. Re.
ceipts for the week were $4,000 against
So 900 last year. Packing to date, 511, 900
against AL, 900 same date in 1888, and hogs
this year averaging much heavier The
range of prices in the pit was narrow, ex-
cept in mess pork, which sold within about
15c range.
PRICES FOR THE DAY.
CHICAGO, May 4.-Wheat was more active,
and the feeling was weaker and unsettled
to day. July opened at about yesterdays
closing, receded s4@Bc, and closed 12c
lower than yesterday X; June was firm and
disposition to realize among speculative trad
ers. Operators evidently had bought con-
siderable wheat the past few on reports of
dry weather, and some of this was sold out
in anticipation of rain in the Northwest be
rain had fallen at Fargo, and the
weather bureau reports indications
of severe rain storm, which is
likely to work East from the Northwest f
siderable wheat. At the same time at the de-
cline, there was good buying, moderate
business was reported in corn and the feel
ing prevailing was easier, The market
opened a shade better than the closing prices
yesterday, and gradually sold Off A@3Sc.
ruled steady and closed ls@4c lower than
yesterday. There was some changing of
June and July at 1s@34c premium for the lat
owing to the absence of outside buying Or
ders of consequence and desire on the part
of large trader to sell the May delivery. Of
feriugs of the latter were liberal and prices
declined ssc. The more deferred futures. al
though declining 40Ssc, were not SO weak
as the May future and command greater
premium, changes from May to June and
July being made at 141ssc against lsc yester-
day. Only fair business was transacted in
hog products ana the feeling was easier. Of
ferings on speculative account were not very
large, and the demand from all sources was
exceedingly limited. Prices for the leading
articles averaged lower, the market closing
tame.
The leading futures ranged as follows:
The quotations-W heat-No. 2 June opened
at S0l2c, closing at 907Bc; July. 7S7sc,
closing at 777sc; August, 77Ac, closing at
1859; year, 761sc, closing at 7512c. Corn
july 35lsc, closing at 347Sc; August, $3.50.
closing at 3512c. Oats-No. . June opened
at 23c. closing at 22s4c, July, &c. closing at
227sc. Mess Pork. per Dbl-June opened at
3l1.0I42, CLOSING at 2AI4o: July, 9ll.IO,
closing at S11.55; August, $l1.721a, closing
at sl1.65; LAR Lard, per 100 lbs-yune
$6.s7ls, closing at $6.s2l9; August, clos
ing at $500. Short Ribs, per 100 lbs-June
opened at $5.95, closing at $3.50;
July opened at S6O5, closing at $685.;
August opened at S6.1O, closing at S6.O212.
Cash quotations were as follows: Flour
steady and unchanged. No. 2 spring wheat
S1@S2l2c; No. 5 spring wheat, nominal: No.
2 red, e1@S2c; No. 2 corn, $3.50. bid; No. 2
oats, 22l2c; No 2 rye, 4o12@4O%c; No; 2
1.56l2. Prime timothy seed, 81. 25@l IS.
Mess pork-Per Dbl. $11. 40@1l.45. Lard
Per 100 lbs, S6.75. Short kibs-Sides Qoose),
S.. s5@5.9 Dry sailed shoulders (boxed),
$5.25@5.5O. Short Clear Sides (boxed):
So. 25Q6 37l1. Whisky-Distillers' finished
goods, per gal s1.o2. Sugars unchanged.
Receipts - Flour, 5000 bbls; wheat, 49,
600 bu; corn, 214,OOO bu; oats, 124, 900
Shipments-Flour, 5000 Dbls; wheat, So
900 blu; corn, 1866, 900 bu; oats, 278, 600
bu; rye, al, 900 bu; barley, 1000 blu. On
the produce exchange to-day the butter
market was firm; fancy creamery. t2I@22c;
choice to fine diaries, 16@1Sc; fair, 100
1Ro Euuc firm 1nIhM1ln