St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-06
An ACTIVE GRAIN MARKET.
Bull Pointers Plentiful, and the Shorts
Are Nervous.
EXPORTERS BUY ON BREAKS.
Tie Close Was Active, With Consider
able Excitement in the
Pit.

I CH1cAGo. June 5.-There was broad,
strong and active wheat market the greater
part of the session to-day. The market mere
and elsewhele by its action to-day showed
plainly the effect of even moderate bull m
tluences. and demonstrated the fact that the
shorts and the bears do not feel too strong in
their position. The bull points this morning
were decrease in the wheat on ocean pass
age of nearly 100000 bu for the week,
clearances of 500. 900 bu from New York,
exporters buying in New York and waiting
TO buy here on the last break, some damaging
reports from wheat sections of Illinois ana
Kansas, and last but not least, the nervous
ness of the short sellers. With these condl-
tons an advance was an easy matter. July
wheat opened at 1olSc, went TO I5ssc, reacted
slightly and went up to 76c. At IL o'clock
there was a yielding to 75asc on reailzlng
sales, and at u O'Clock the price again
moved up l2c to 7Gssc on the reported taking
of sixteen boat loads for export at New
York After drop to 16lSc there was
third bulge to 7olac at p. m. september
went to 75lsc. and December to 1850. Dur
ing the last fifteen minutes prices eased or
10 the closing figures, on realizing sales. The
pit was full and excited, and the buying was
quite as good by the bulls as by the fright
ened shorts. Receipts were II ears wheat,
500 cars corn, and l35 cars oats. Corn and
oats were quiet and steady Provisions were
active and strong from the opening and
closed 10012I2c higher for pork. 5@1Oc
higher for lard, and 12l2025c higher for
short ribs.
THE ROUTINE REPORT.
CHICAGO. June "a stronger feeling
was developed in wheat and the market eX-
hibted more life. Influences on the whole
were more favorable to the interest OF hold
ers and induced long buying and covering
of shorts. The opening was about the same
as Yesterdays closing, and with only slight
fluctuations. prices were advanced 1Ssc,
ruled slightly easier and closed llsc higher
than Yesterday. The change in the market
was attributed to better export buying, trmer
foreign markets and rumorS of less favorable
European crop prospects. \ fair speculative
trade was reported i'll corn early i'll the day,
most of the business occurring within the
first hour after which the pit became quite
lifeless. The prevailing. feeling was
firm but fluctuations did not vary
materially from yesterday, being confined
within 1s@4c range. Oats were quiet and
steady and without new features OF I'M
portance. price changes being small little
more interest was manifested i'll mess pOrk.
Prices were advanced 7l2@1Oc early. but
Increased offerings later caused reduction
of 10@12l2c Toward the close prices raj.
lied 1C@15c and closed quiet. Very little
business was transacted in lard. Early
prices were advanced 21a@5c, but settled
back again to medium figures and closed
quiet. Rather brisk business was trans
acted in short rib sides early in the day.
Opening sales were made at 2l205c ad-
vance, and further improvement of 1l2@
Zoe was gained. About the middle OF the
session prices receded 212Q45c, but the
market closed firm.
GENERAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No 2 July opened at 751sc, closing
at 764c: August opened at 74c, closing at
767sc. Corn-No. 2 July opened at 341sc,
closing at 34lsc: August opened at 345sc,
closing at 34S4c: September opened at 35c,
closing at 35Isc. Oats-No. 2 July opened
22Ac, closing at 2212c; September opened at
229sc, closing at 225sc. Mess Pork (per bbD
July opened at S11.75, closing at 81. s7l2;
August opened at S11.9O, closing, Sl1.92I2;
September opened at S11.95, closing at
sl2,o2l2. Lard, (per 100 lbs)-7July opened
$3.50, closing at ST. S2l2: September opened
at S6.s2l2, closing at $685.. Short Ribs (per
100 lbs).Jlly opened at S5.s5, clos
ing oo, at $2;s2l2; August g ST., opened at
Der opened at 1886, closing at S6.o5.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. 2 spring,
7712@7sc; No. 8 spring, 70@72c: No.
red, T!l207Sc. Corn-No. 2, 33S40331sc.
Oats-No. ?, 2l7se. Rye-No. 2, 3sc. Bar
ley-Nominal. Flax Seed-No. l, $1.56.
Prime timothy seed, 81 22@1.25 Mess Pork,
per bbl-S11. Su@11.S7l2. Lard, per 100 lbs
.65@6.67le. Short ribs, sides Qoose),
S.. S5@o. 90. Dry sailed shoulders (boxed),
$5.l2l2@5.25. Short clear sides (boxed).
5000. 1912 Whisky Distillers' finished
goods, per gal. S1O2 Sugars-Unchanged
Receipts-Four, Il, 900 bbls: wheat, 1900
bu corn, 36S, 900 bu; oats 206, 600 bu; rye
5000 bu; barley, 5000 blu. Shipments
Flour, 5000 bbls; wheat, $4,000 bu; corn,
55S.0O0 bu; oats, 23s, 900 bu; rye, 10000
bu; barley, 5000 bu. On the produce ex-
change Today the butter market was weak,
but not quotably lower. Eggs firm at 100