St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-21
QUIET At THE OPENING,
But Reported Decrease in the Visible
Supply Encourages Buying.
A sCUFFLE TO SELL ENSUES,
And All Wheat Futures Break Slightly
Provisions Stronger---Stccks
and Bonds.

Cr.cAeo, Ill, May 2O-The weak, quiet
feeling in wheat at the opening was no sur
prise. as cables were weak, with spot wheat
led lower at Liverpool and nothing IN the
local situation to encourage buying. me
sentiment changed on receipt of the visible
figures, which promised decrease i'll visible
wheat beyond the extreme estimate. On this
there was pretty good buying, and the crowd
got long. while July advanced from nc 10
775se. There was nothing except the visible
supply figures to encourage holders, ana
there was a scramble to sell and catch pro-
fits which put July back 10 77ISc in short
order. June sold Sic up to 81 7sc and OFT TO
S1Isc; September 744c, to "A Use,
10 74lsc. The decrease i'll the Visi-
BILE supply was posted at 1,50S.00O blu.
The decrease here was $4,000 bu leaving
The stock 3.444,000 bu; receipts here were
20 ears; out inspection, $1,000 bu, princl
pally No. red winter. At New York only
Ia OOa bu cleared, and the market was mar
row. The feeling was expressed In dispatch
saving that the crops were against buying,
and the prices against selling. The same
was true here. At p. m. July wheat was at
714c. There was little break in wheat
Just before the close, when July sold al
765Sc 1c under the best point or the day, ana
closed at 76a4c, or l2c lower than Saturday
Corn held within narrow range, and closed
without material change from Saturday.
Business was light; receipts were
1915 cars The visible supply de-
creased 1913 bu. Oats were dull ana
a shade lower Receipts 253 cars. The
supply decreased 1900 bu. There was
little strength shown in provisions to-day.
The receipts of rs were light, and prices
al the yards were 51l0c higher, but this did
not help prices i'll the pit. There were those
who have been somewhat bulliSh on hog
products of late. until the heavy run OF hogs
last week This made them bears again.
Although receipts were light to-day, the
trade fears more large receipts, and there IS
q lack of confidence on the buying side.
Part of the decline to-day was due to dull
ness. There was no raiding, but dragging
market Sales for July, to l p. NJ, were:
Short ribs, S.. 9O@5. S2iac: lard, $3.50; mess
pork, S11.65G1152l2.
THE DAYS TRADING.
CHICAGO, May 20.-A fair business was
done in wheat today and there was strong
feeling early, but later was weak. July
opened about the same as Saturdays close.
eased off ls64c and then advanced aSc,
receded 1sGa5sc. ruled Irregular and closed
Is@Iac lower than Saturday. The firmness
and early advance were attributed to the
prospective large decrease in the visible sup
ply. shorts commenced to cover and
there was some buying in anticipation of
getting better prices. Prices were steadily
advanced, but when the visible supply was
announced tn was considerable wheat
placed on sale at the advance, under which
prices receded, and the closing was weak.
A fair business wos done in corn within
narrow range. The large decrease in the vlsi-
pie supply and the active shipping demand
were the principal influences in the market,
and tended to create a firm feeling. The
market opened at Saturdays closing prices.
closed the same as on Saturday. Oats were
uuiet and steady, and without new features
Of importance. Price changes were con-
fined to l4c range. Mess pork attracted very
little attention. The feeling was little
stronger early, and prices were advanced so
7l2c. Later, however, the market weakened,
and prices settled back 12i2@ l5c, and closed
rather quiet. A dull and easy feeling pre-
vailed in lard. Prices ruled about 242c
lower, ard the market closed tame. Trading
was only fairly active in short ribs. The
market was weak, and prices declined SO
7l2c. and the close was rather tame.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. June opened at Sic, closing at
Sic; July, 77lsc, closing at 76Ac: August.
7434c, closing at 74c: year, 737ac, closing at
73c. Corn-No. 2 June opened at 33ssc,
closing at 35l2c: July, $3.50. closing at
No. June opened at 22I2c. closing at 22Isc;
July, 22ssc, closing at 22ssc; September,
22s4c. closing at 225sc. Mess Pork (per bhD
July opened at Sl1.65. closing at $1I.50;
August, Si1.62Ia, closing at S11.57I2; Sep
TENDER, S11.7O. closing at Si1.65. Lard (per
100 lbs)-June closed at S6.72l2: July
opened at $3.50, closing at S6.77l2; August
S6.S2L2, closing at S6.e2l2c. Short Ribs
(per 100 lps)-June opened at $50, clos
ing at $5.72l2; July, $500, closing at
S5.S21a; August, $685. closing at IS 92la.
Cash quotations were as follows: Flour
armer, but not quotably higher. Wheat
2red, s25s@s3c. Corn-Ne; 2; 3ssse. Oats
No. 2, 2212c. Rye-No. 2, 4Oc. Barley
No. nominal. Flax Seed-No. 1. S1.54.
Prime timothy seed. 81. 35@1. Sc. Mess Pork
Per Dbl, 81 I.45@11.5 so. Lard-Per 100 lbs,
$6.72la@6.75. Short ribs, sides Qoose),
$5.72l2@5. 80. Dry sailed shoulders (boxedD,
S5.12l2@5. 25. Short clear sides (boxed),
$6.l21s@6.25. Whisky-Distillers' finished
goods, per gal, $1.05. Sugars unchanged.
Reeeipts-Flour, 5000 bb1s: wheat, Ia, 900
bu; corn. 375, 900 bu; oats. 165, 600 bu; rye
1000 bu: barley, 1900 blu. Shipments
Flour, 5000 bbls; wheat, $1,000 bu; corn,
SS2, 900 blu; oats. 1852, 600 blu; rye, 5000 blu;
barley, 5000 bu. On the produce exchange
to-day the butter market was more active;
fancy creamery, 14l3@15c; choice to fine,
12la@i3c; fancy diaries, 13@14c; fair to
good, l1@12c. Eggs firm at ll@12c.
r NJ. NFWPOPT g. SON