St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-17
UNSETTLED AND LOWER.
Spectators Long In Vain for a ''Sur-
prise" In Wheat.
NORTHWESTERN RAINFALL
Too General and Drenching to Suit the
Bulls---St0ckS and
Bonds.

Special to the Globe.
CHICAGO, May 16.-The wheat market was
an interesting one to-day, and both big oper-
orators and scalpers were nervous over some
unexpected turn, but the tendency was
slowly downward, and the lowest prices OF
the year were touched, and that too without
any good signs of strength for rally. The
conditions of yesterday prevailed. Rains
fell where still needed. British cables were
weak and lower for spot and futures. The
outlook for almost perfect crop was further
improved. Outside markets showed no more
strength than Chicago The production Of flour
at Minneapolis for the week-94, 900 bu-
was but little more than half of the same week
in 1888. The crowd, big and little. manipu-
lators and scaIpers. played for the lower
prices. Hutchinson bought considerable
June and some July carly. There were
fairly good export clearances, 100000 blu
wheat and 6.OO0 bbls Of flour from New
York, with 10000 bbls and sacks of -four
from Baltimore. Up to l o'clock there was
but one rally of any importance, and that
was before noon and before the bottom
touched for July before to-day on the
at the bottom Wednesday was at
.
at 77l5c This was followed by dip to
77Ac and a rally to 77ssc. Then the weak
ness became more noticeable, and with no
material support July went off to 767sc or 1c
below the lowest figure yesterday. Follow
ing the price held around nc till o'clock.
June sold at see, to 921sc, to 81 7sc, to 82l9c,
to 81 1sc. to S1Ac. September sold off to 74&c
and December to 76Ac. The wheat market
closed with much nervousness in the pit and
prices near the very bottom. During the last
ten minutes July went off to 77ssc and closed
on 1sc reaction. Receipts of wheat were AZ
cars. Corn was rather dull and ranged lower.
Hutchinson was offering to sell all the July
that any one wanted above 35c, or to buy all
that offered at 35c or below. This made the
market very narrow one. Clearings from
Atlantic ports yesterday, 100000 bu; re-
ceipts to-day were $40 cars. Oats were dull
and lower in sympathy with other grains.
Recaipts 1859 cars Notwithstanding the
large number of hogs on sale at the yards to-
day (about 100000 and the break Of 1Oc in
prices, provisions held up fairlyrwell, under
buying by good parties. The range of prices
was rather narrow and the close but point
or two under yesterday.
THE QUOTATIONS.
The leading futures ranged as follows:
WheatNo. June opened at s2c. closing
at SONc; July, 77isc, closing at 76Ac; Au
gust, 74Ac, closing at 74asc; year. 74c, clos
ing at 73l2c. Corn-No. 2, June opened at
345sc. closing at 347sc; July, 351sc, closing at
34ssc; August, 351sc, closing at 35Ac. Oats
No. q June opened at 2314c, closing at
22Ac: July. 23ssc closing at 227sc; Septem.
Der, 2312c, closing at 23c. Mess Pork (per
bbD-June opened at S11.37la. closing at
$11.4O; July, $11 40, closing at 81 Las; Au-
gust. $11.45, closing at $3.50. Lard (per
100 lbs)-June opened at $67712, closing at
1878; July $3.50, closing at $3.50;
August, $685., closing at $685.. Short
Ribs (per 100 lbs)-June closed at $3.50;
July opened at S. .85, closing at So. 85;
August, $500, closing at $5.92l9;
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No.2 spring,
93@93c: No. 2red, s2l1@S3c. Corn-No. 2,
3312c. Oats-NO. O. 22l2c; Rye-No. 2,
41l2c. Flax Seed-No. l, S1.54. Prime tim
othy seed, $1.35@1. SO. Mess Pork-Per Dbl,
$ll.4O@11.45. Lard-Per 100 lbs S6.77l2.
Short ribs sides Qoose), $5.75@5.s5.
Dry sailed shoulders (boxed). S5.25@5.5O.
Short clear sides (boxed), S.. 1215@6. 25.
Whisky-Distillers' finished goods, per gal.
$1.O2. Receipts-Flour 10000 bbls: wheat.
$4,000 bu; corn, $4,000 bu; oats, 313.-
600 bu; rye, 1000 bu: barley, 11.OOO blu.
Shipments Flour, 10000 bbls; wheat, 3D.
600 bu; corn, 100000 bu; oats. $4,000 bu;
rye, 5000 bu; barley, 1000 blu. On the
produce exchange to-day the butter market
was very weak; fancy creamery, 15@16c;
choice to fine, 1213@14c; choice to fine
diaries, 12@14c; fair to good, S@10c
EppS-Firmer 12c