St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-02
IT WAS ANYBODY'S MARKET
Wheat Bulls Have a Short Lease Of Life,
but Soon Succumb.
NO ADVANTAGE EITHER WAY
Corn Acts a Good Deal After the Fash
ion Of Wheat Stocks and
Provisions.

Special to the Globe.
CmcAGo, May 1.-The bullish feeling,
which resulted in pretty fair buying OF wheat
early, gave way to a weaker feeling and DIS
position to realize about noon. The best
prices were not touched on the opening
strength, but after a little depression all
around there was good strength before noon.
Cables were simply steady. The outside
buying did not move up freely. Then Hutch
inson gave the crowd considerable wheat.
This turned the feeling, and at l p. m. May
was below Sic and July below 79c for the
first time during the session. The action was
as follows: May, Slaac to sOs4c to Slice to
SOa4c; June, S2lac to to 81 4c to S2Ac Sls4c;
July, 7Ossc to 1889 to 79lsc to 79Ac to79 lsc
at O'Clock. The deliveries were round}y
estimated at 100000 bushels. Re
celpts here were % ears. Out
inspection included $4,000 bu winter
and Is, 600 bu spring wheat A few thou
sand bn only cleared from Philadelphia and
none from New York or Baltimore. The
board of trade cable gave over ,OOO, 600 bu
decrease OH ocean passage. while Beerbohm
gave a slight increase. 1t was anybody's
market here most of the session, with Few
positive influences either way There was
much the same action in corn as in wheat
among spectators. Deliveries were very
light for May. Prices opened about steady,
made slight advance the first hour, held
steady until toward noon, when free selling
was the order in all the pits and corn lost
about lac from best prices in all futures. May
sold at 332ic to 34lsc. 10 339sc: June, 344cto
34ssc, to 33l2c and off to sac; July, 35c to
35l4c, to 3434@347sc. Receipts were 6o|
cars, with 50 ears No 2 grade. Out inspe G.
ton was good-4U4 ,OOJ Blu. Shipments $685.
900 bu. Clearances were but ia, QUO bu from
Atlantic ports. Oats were weak and lower on
heavy offerings. Deliveries were about
100000 blu. Receipts, 2S7 cars and To-
600 blu by canal. There was considerable OF
a sell out in provisions before the close
Pork was the most affected by the selling,
closing 12I2@17I2c lower after a fair bulge
early. Deliveries in ribs and pork were quite
free and the parties to whom much of this
went put it on the market May ribs soldDup
to S5.S7l2 early. off to $5.S2la, closing at
S5s5. July closed at S.. May lard So .l2,
off to 6.77s4 at the close. July closed at
S6s5 bid. May pork sold $l1.55@1 .65@
1142Ia at the close. July $1l.S0@1l.o7l2
@11.62la.
TIE DAYS TRADING.
CHICAGO, May 1.-Only light business in
wheat was doing to-day, and while the iuctu-
atoms most of the day were confined within
narrow limits, a rather easier feeling was de-
veloped. The opening was rather strong,
and prices 14@ssc higher for July than Mon
DAVIS closing, but the speculative offerings
were quite free considering the demand, and
prices declined sole. then ruled steady and
closed SEC lower than Monday. There was
nothing special in outside views to create
weakness and the market was governed
principally by local influences. Advlces
from the Northwest continue to report lack
of rain, ground dry and the growing wheat
Gold and r,of, Ia
weather is also reported in the North:
west A fair business was reported
in corn, and the feeling developed
was relatively firm early and
weaker later: Deliveries on May contracts
were reported as only moderate. The mar.
ket opened at Mondays closing prices, Was
quite firm and advanced Ac, but later re-
acted SEC, ruled steady and closed &@l2c
lower than Monday. Oats were fairly active,
but unsettled, being firmer and 1s@Ac high
er early. but later became weaker and de,
clined 14@ssc, which was fairly maintained
until the close. A fairly active trade was re-
ported in mess pork. but the feeling was
somewhat unsettled and weak. Opening
ing for July, and prices rallied 2l2@5c.
Later the market weakened and prices de-
clined 25@2712c, closing tame. compare
lively small business was reported in lard,
ruled about 7lac lower, Quite an active
trade was reported in short ribs. Prices de-
clined 7l2@1Oc.
THE DAYS TRADING.
TIL leading futures ranged as follows:
Wheat-No. . June opened at S2lsc, clos
ing at SLICE; July. 1850, closing at 79c;
September, wise, closing at 77l2c; year,
76ssc, closing at 76Ac. CornmNo. June
opened at 34Ac, closing at $3.50: July,
35c, closing at 34s4c; August, $3.50. clos
ing at 35c. Oats-No. 2 June opened at
23c, closing at 22lac; July, 23Ac, closing at
22Isc. Mess PORK. per bbl-June opened at
sll72ls closing atsl151s; J oay $i 1ds;a
at $11.72l2. Lard, per 100 lbs-June
opened at $685. closing at Sc. s2la; July,
S. 30, closing at $685.: August, $6.95, clos
ing at S6.92l2. Short Ribs per 100 lbs-June
opened at $5.9912, closing at $5.92ls:
July, opened at $6.07l2. closing at
cash quotations were as follows: Flour
dull and unchanged. No. spring wheat,
s1l2@S1s4c; No. :: spring wheat, none; No.
2 red, SlI4c: No. corn. 33l2c: No. 2 oats,
22c; No rye, 4Ol2c; No. barley NOM
inal. No. fiaxseed, $l.56. Prime timothy
seed, ST.. 35@1.4O. Mess pork-Per bib, 81 As
@l1.50. Lard.Per 100 lbs, $6.57!2la@6: 80.
S. 25@5. so. Short Clear Sides-(boxed).
Sc. 25@6. 27la. Whisky-Distillers' finished
goods, per gal. $1.O2. Sugars-Cut loaf, SIS
@934c; granulated, 95sc: standard A, 8s8c
Receipts-Flour. 1000 bbls; wheat, IA, 900
bu; corn na, 100000 bu; oats 6o 2p6ooo bu
ments-Flour. 1900 bbls; wheat, 1875, 900
bu; corn, 1885, 900 bu; oats, 10000 bu;
rye, 81. 900 bu; barley, Is 900 blu. On the
produce exchange to-day the butter market
was weak: fancy creamery, 2O@22c; choice
to fine, 5000; fine dairy, 14@2Uc; fair to
good, l2@14c. Eggs firm; 1l@1ll2c.