St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-04
some SIGNS OF VITALITY.
Wheat Makes Appreciate Gains Upon
BulIish Weather Reports.
CROP DOESN'T LOOK WELL.
The Days Range Of Prices---Transac-
tons in Stocks, Provisions
and Produce.

CHICAGO, ILL., May o.-lne Wiieat LoiNe'
opened with prices unchanged, but there
was at once an upward movement similar 10
that noticed early on previous DAYS o Tue
week. The crowd expected the weakness
and reaction seen on the other days to fol
low, and sold quite freely and perssteh'iy
with that in view. The reaction that%as
promised 10 come at the end of the first hour
was but slight, and the upward movement
again set in, but buyers had to carry the
crowd. The strength seemed to be of last
ing kind. and before l o'clock an advance of
over l cent in June and Ac in July was
recorded. There was no more bull news
than on Thursday, but buyers took more
stock in what was offered. The discolol1ng
of wheat fields in Southern Illinois, as al
legged. by bugs, the injury to seed
ed fields in the Northwest from winds
and drouth and frost, all had their effect
There were plenty of bulls also on low prices,
but they had little courage here or at New
York where exporters were reported as Duy-
ing some. Atnoon ten boat loads were re-
ported taken for export at New York. 1t
was thought that wheat belonging to Kent
and Hutchinson came onto the market.
Schwartz & Dupee, Boyd Bros. Field,
LINDSAY 4 Co. and Baxter were named as
prominent buyers. Young ard Jones kennett
sold conspicuously. Receipts here were IS
cars, with but > cars No. ,. Sales here
ranged as,follows: June, 7Ss4 to T9S4c to to
soc July. 77l2 to 77s4 TO 775s to 1874 to ISIS
to 7SSSc at l o'clock. The wheat market
closed unusually firm. with fair activity and
prices al about the outside for the day. There
was petty firm feeling in corn to-day on
future contracts. and there was good reason
for it, The movement was all III favor OF
better prices. Our inspection amounted
10 407 900 bushels. Actual shipments
amounted TO 502, coo bu. There was very
good demand for cash corn which helped
futures Receipts $40 cars, with l52 cars
No > grade. Oats were strong and higher,
closing at the figures of the session. Re
ceipts. 153 cars. The provision market was
not very active at any time, and prices kept
within moderate range, closing 2l2c lower
for ribs. steady for lard, and 2i2c higher for
mess pork. There were more hogs at the
stock yards than estimated and prices opened
lower. Singer and others sold freely early,
and pork sold from Si1.7O to SLIGO for
July There was better feeling later with
the advance in wheat and corn, and pork
closed at hest prices at SLIGO for June and
Sll.75 for July. July ribs, S6o5@6.O7l2:
lard, S6.S7l2@6.9o to close.
THE DAYS TRADING.
D.
transacted in wheat, and the feeling devel-
oped was stronger. with part of yesterdays
decline recovered. June showed more
strength, and advanced a4c, and closed lac
higher. July opened shade stronger than
Yesterdays closing, and gradually improved,
advancing 11sc, and closed about lc higher
than yesterday. There was nothing special
in The shape of outside news to cause the
frmness which was attributed to change in
local sentiment that perhaps prices for the
present were low enough. At any rate,
there was less pressure, and the specu-
lative offerings were not as heavy as
yesterday. With fair buying. partly
by shorts and for investment, possible for
quick turns, the market was finer. Duluth
and Minneapolis are both lower to-day. Adj
vices from Dakota again report no rain. A
fair business was transacted in corn and the
feeling developed was firmer. The stronger
tone was attributed mainly to the active
shipping demand and to smaller anticipated
receipts. Near futures We're relatively tirlner
and the premium of the more deferred
deliveries was narrowed some. The
market opened at Yesterdays closing price,
was firm and advanced Csc, ruled steady,
closing l4Gi2c higher than yesterday. Oats
were quiet but stcadier and prices A@l2c
higher. The amount of new business
was not large. ard good part OF the trading
consisted i'll selling May and buying June
and July at lsc difference. Light interest
was manifested in hog products, and the
feeling was easier. The receipts OF hogs were
panied with moderate decline i'll prlces,and
This feature had tendency to enlarge the
offerings Of products especially for July de-
livery. The general surroundings of the
trade favored the bear clement, and the mar
Ret lacked support Prices favored buyers
and averaged lower on all descriptions. Trad
ing centered mainly in July.
The leading futures ranged as follows:
The quotationS-N heat-NO. June oFened
ut 7ss4e, closing at s0Ac: July, 72l2c.
closing at 79lac; August 76c, closing at
T6Sic; year, closing at 7Gc. Corn-No- 2
june opened at Sic, closing at 34Ac: July,
3Ia4c closing at Soc; August, $3.50. clos
225sc closing at 23c; July, 22a4c, closing at
23c. Mess PORK, per pbl-June opened at
Sl157l2. closing at S11.65: July. $ll70,
closing at sli75: August 81, $40, closing
opened at $3.50, closing at s6.s5; July,
SG.s7M, closing at s6.s7la: August clos
ing at !S6.92l2: Short Ribs, per 100 lbs-Jnne
9pened at S59s5s: os closing at So $ "
August opened at $50, closing at So: l2l2
Cash quotations were as follows: Flour
steady and unchanged. No. spring wheat.
e1@S2e; No: spring wheat; 7lGe76c: No
NAL. No. 1 fiaxseed, Sl.56. Prime timothy
seed S1.25@l1.35. Mess pork-Per Dbl,
$11.55@1 l.60. Lard-Per 100 lbs, $3.50.
sailed shoulders boxed. S. 25@55O Short
Clear Sides boxed. So. 25G6 37l2. Whisky
-DistillerS' finished goods, per gal. ST .O3
Sugars unchanged. Receipts-Flour, -, 900
bhls: wheat. 10000 bu corn, 325, 900 bu
oats, 224, 600 Blu; rye. 1000 bu; barley
1000 bu. hipments-Flour, 10000 Dbls;
wheat. 14O, 900 blu; corn. 500, 900 bu; oats
$4,000 bu; rye, 1000 bu; barley, 10000
bu. On the produce exchange to-day the
butter market was weak; fancy creamery.
google: choice to fine diaries, l6@19c:
fair to good, 12@14c. Eggs firm at 1l12
@i2c.
R, M, NEWPORT e. SON.