St. Paul daily globe., 1889-02-07
THE COMMERCIAL RECORD.
Big Dealers Pair Off and Hack at May
Wheat, Which Continues
Strong.
Corn Slow, Decline in Oats, Provis.
ions Ranging Slightly
Lower.
Financial Operations in the Monetary
Centers---The General Quo
tatiOns.
Special to the Globe.

CHICAGO. Feb. 6-The story was told in
wheat Ill the first hour when the outside and
inside figures of the day were touched. There
was good deal of hacking at the market.
Those who sold most freely yeste.dIy ap-
peared to try TO weaken the market SO as to
get good point to buy. When buying began
each time there was o sharp and easy ad-
vance. The crowd here appeared to be on
the bull side and waited for the big holders
to put prices up. The best buyer of the day
Was said to lie Bloom. Hutchinson was
seller, and with the shorts very largely cov-
cred the market was easily affected. Ont
side markets were fractionally lower during
the forenoon. At New York the crowd
felt very bearlsh, but confessed themselves
afraid of Chicago bulls and the extreme cold
weather on the uncovered wheat field. The
movement was in no way very significant.
The decrease on passage was given at $780,
600 bu by the board of trade cablegram Re
ceipts were but 16 cas- with cars No. .
grade. The action was 81 .OOla to Sl.OO5s,
TO 991ac, to S1.O0A. to 99ssc, to Sl.U0ls, to
99a4c. to $l.U0s5, to 99a4c, to 81 at p. m.
July sold at S9ss@9Oc. Wheat continued
strong but unsettled to the close. The corn
market was slow and heavy. Receipts were
3o3 cars There was free selling of May in
tiic piI carly dIlO OllG uOuSc WAS tuOUSll W
have unloaded about a half million bushels.
There was little good demand for cash
or futures. There was an unverifed rumor
that several cars of Nebraska corn had been
raised to No 2 grade on appeal. The grad
ing here gave II cars OF No. 2 and .3 cars of
No. 4, and 129 cars were billed through.
Shipments were 10000 bu. There was a
slight decline in May oats, perhaps in SYM
pathy with wheat and corn. Receipts were
ll5 cars. The provision market was duh to-
day, and prices ranged slightly lower. At the
yards the first estimate was 81. 90 hogs,
when prices were steady Later the number
was increased to $4,000. with prices off Sc
from the decline yesterday. Still later, pack
ers were bidding 10c lower, and buying was
by sDeculators. TIE effect on prices of pro-
duets was bearish.
THE ROUTINE REPORT.
CHICAGO Feb. G.--Only moderate business
in wheat was dOEe to-day. and that was
mostly local. The feeling was weak, and was
i'll strong contrast TO the action or the market
Yesterday. The opening was about 1sGl &c
under the closing figures of Yesterday, re-
ceded a moie then advanced lac. but later
became quite weak. and prices declined 1lsc,
and recovered some, the market advancing
s4@7sc. but closed easy and L@l$sr lower
thanyeSterday The weakness was Influenced
some by the heavy feeling reported i'll Euro
pean markets. There was only a moderate
degree of speculative activity manifested in
corn trading being largely local The feeling
developed was easier, and IL lower rance of
prices was established. The easier feeling
was attributed chiefly to the large receipts,
the reaction in wheat and 10 the colder
weather which will. improve the grading
Oats were more active. but slightly lower.
Trading was moderate in mess pork. Prices
irregular. Open ng sales were made at 7I2c
decline. and further reduction of l5c was
submitted to later in the day. Rallies of 2Ia
@5c were gained occasionally, and the
market closed rather quiet. Only fair busi-
ness was transacted iii lard. Prices ruled
1l2c lower and closed steady at inside
figures. Short ribs were in tight demand,
with prices ruling 7l2@ll0c lower and clos
ing quiet atinside figures.
THE GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. ., February, opening at 97c, clos
ing at 97c March, 9S14c, closing at 97lac:
2. February, opening at 35isc. closing at 35c;
March, 31S4c, closing ct 354c; May. a,asc,
closing at 36ssc. Oais-No. ., February
closed at 25c; March, opening at 25a4c, clos
ing at S1l.35, closing at $l1.27l2; March
closed at ST. 1.37q2; May. opening at 1.67l2,
closingat 81 .57l2. Lard (per 100 lbs)--Feb-
ruary,, open ng at $6.92l2. closing 5at Sc. 80;
s. o2ls, Closing Closing at 81 Short ''G Ribs psf per
100 lbs) February closed at S605;
March, opening at S6.07l2. closing
at $6.o5: May, S6.25. closing at $500.
Cash quotations were as follows: Flour
frmer and unchanged. Wheat-No. spring,
96T@07c; No 3 spring, nominal; No 2 red,
96a4G97. Corn-No. 2. 3i7sc. OatS-No.
2, 25ls@25Ac. Rye-No. 2, 46l2@57c.
Barley, nominal. Flax seed--No l, SLIGO.
Timothy seed, S153. Mess pork, per bbl,
SII.37l2@1l.5:'. Lard. per 100 lbs, $50.
Short ribs sides (lonse) St(06O5 DRY salted
shoulders (boXedD, S606 1913. Short
clear sides (boxed). Sc G37l20G5U. Whisky
-Distillers' finished goods. per gal. S1.03.
Sugars-Cut leaf, unchanged. Receipt
Flour. 1000 bbls; wheat, 10000 bu; corn,
29U,OO0 bn; OATS Jos. 0i30 bu: rye, 80 10
bu; barley, $4,000 bu. Shipments-Flour
S,dC0 bbls; wheat, $4,000 bu; corn, 9u,OO
bu; oats, go % bu; rye, 2, 80 bu; barley,
$4,000. On the produce exchange to-day
the butter market was firm. Fancy
creamery, 27@29c: choice to fine. 20@22c;
good to choice. 5000 Eggs-Steady, 13
a 3Ioc