St. Paul daily globe., 1889-06-03
THE FROST SCARE IS OVER
And the Week Closes With a Bearish
Feeling in Wheat.
ALL FUTURES RECORD A DROP
In Stocks st. Paul Opens Weak But
Rallies Handsomely---Lve
Stock Prices.

CHICAGO, June 1.-There was lively time
in wheat the first hour to-day. The montn OF
May, with all its predictions OF corners ana
squeezes, passed out Of the way with May
and June at the same figure, and only 1c
premium over July. The nervousness ana
strength Of the week, such as it was, resulted
from fear of frOsts. At the time OF the open
ing to-day the sun was shining and the tenn
perature was the warmest for days. This
made the trade bearish In an hour. July
wheat opened at 76Ac, ssc lower, and on the
free selling went off to 75Ac, or 1c under
the first price. September went of
as quickly to 73asc, 1c under last night;
December to 75sBc. At this point there was
some covering by Partridge and others, and
New York having cleared $4,000 bu OF
wheat and nearly 10000 bbls Of flour. there
was halt in the decline and slow reaction
to 1850 for July, with yielding to 7olsW
75l2c at o'clock. There was much dullness
late in the session, and even conservative
bulls conceded that with the light demand
for cash there was little hope of any up
ward movement until other influences are
felt. Receipts were 40 cars. Deliveries
were not significant. 1t was estimated that
less than 5OOUO bu of wheat went around.
Delivery of corn was light and oats fairly good.
The only delivery of Importance in provls-
IONS was aoout lo"oo ..eIces y, 4"ia' y.
haps 100000 pounds OF short ribs ana ht-
tie mess pork made up the total. Corn was
weak and lower on account of the large re-
ceints and the excellent growing weather
poa"; ue.p;s anu .me ooo aers sd 90 G5o hn hv
nece,p.o weie DO oa.s aau paoa;,ts
44O cars and 81 800 bu by canal. Provis-
ions were only fairly active, with bnt little
chopua in DrioaS olthouoh the Tendency was
dnupWard dn"nsv rm pi''eS "''no"A '''' '' '''0
oo"H "N' THE NAYS TRAINING.
a ohlcAG9 ,d o1nr o1ne Tradins fair The feeling
weak aa anu fpNn The start with onenng sales
nf ~a3 NV va ot sS9iac eclne. rned verv heavy
o,S StaaI1 a. daelined 1c more then reacted
SIC, Sc ruled ri easy and closed about 1Ac lower
closed clla i ehont iiic lover than vesterday The
WeaIness esu was atrbmted to milder Weather
Hn1v WnIAens odasate Mas snecma1ive business was
o reported GIt in corn, the market ruling quiet
nnea Largely 10 room oPe,a9rs, os win1n nn the
haia 1,tIa en;ns os,S were fairly active
ana MmIiT nnsa,tad a,tl The onening was at 1s@Mc
dec decline. Hs'' This was followed by rmer feel,
!e rm was light trade
was repor.ea IN .he 10y piUeut trsding a was s
aeeifng was 57 easel spEod pT''n and Sentamher %%'
Dn;oo. for oil tbo 1oodinr a rtioIoc ruJad lower
I2r or aal .e rt az ,he dav ht shaved
.nG cary pal, ~ ho .I n,;dSie of he Iav
mHae ha n1esaG s onet and d eaSy
ne naiAe' n4u,,y mHr erU.u T.T1oHs 9'' ''nN
r, ,o7;, ht1nunAi,oNs: tt,,ros raI,.od 90 fo,,ovs
VINE Inc leNoing nG.ufes snad adi az 9easc oiosin1
w hsa.Mno saaso & p%1so c,osinS Of SAr:
so tosSc; A9sus,, S oiasi, ot Hic vear
sep.emn, SPY o5n,sir q, eiao a. . InIy
oaad oatsn at 9E,so az ons;no ot e1c. Anonsf
opened az 34Fsc cs9sims snn a. senten,ien
otssc o1oSias Sss g. AZ FL, nna,noG a. OF