St. Paul daily globe., 1889-05-14
WHEAT HOLDS STEADY.
a Weak Opening Fractionally Lower
Because Of Indiana
Rains.
RANGE NARROW AND TAME.
The New York Stock Market Dull and
Lissless---Produce and Pro-
visions.

CuIcAGo, H., May 13.-The wheat market
was held about steady to-day by conflicting
outside influences. and by the evenly divided
sentiment on change. The market opened
weak and s4c lower on the rains whlch pre-
vailed Yesterday in Indiana Ohio. ana other
states where most needed. The visible supply
figures as received showed decrease OF over
300 600 buat New York and liberal decreases
elsewhere, and on the promise OF very
large general decrease there was buying
enough TO cause partial recovery. The
decrease. when announced, was l42. 900 bu,
and This largely discounted on saturday. and
the posting of the figures to-day had little
effect beyond steadying the market. Hutch
insou was set down as seller and s. V. White
as Il good buyer but there was no very con-
spcuous trading The stock of wheat here
decreased $4,000 bu ior the week. New
York export clearaneeS were fairly good
$4,000 pu wheat and 10000 bbls
-four British cables were weak. Sales
here were: June. S2S4 to S3is 10 S27s to S3lsc;
JULY 7SSsc to 7S7sc, to 1Slac, to 791Sc at L
O'Clock, or only lsc under the closing price
Saturday. The wheat market kept within
narrow bounds to the close, but with little
show of strength the last few minutes. The
receipts were 16 cars. Corn closed at Satur-
DAVIS figures, after comparatively narrow
range of prices for the session. The receipts
were large, 54l ears, the grading good, 400
ears No . Out inspection was $4,000 bu,
and shipments los, 900 bu, with most ex-
cellent shipping demand, and vessel room
engaged by lake to-day for 456,0OO bu for
the week. and the decrease in the stock here
was $1,000 bu. Oats were fairly steaoy,
and closed at about Saturdays prices; shorts
buving held the market. Decrease III visible
sunply. $4,000 bu. Receipts, 22O ears.
Provisions weakened on larger receipts of
hogs and lower prices. Business was not
arge, and the range of prices narrow.
PRICES FOR THE DAY.
CHICAGO. May 13.-Wheat was i'll moderate
request to-day within a lower range of prices
than Saturday. The general feeling was
quite strong, but the free selling by prom
inent local trader prevented the market from
advancing. The rains have now reachsd
pretty much all over the country. ana the
opening was weak in consequence. prices de-
clining 5sc below closing OF Saturday, put
there was good buying. under which the
market recovered. prices advancing SAC. ruled
steady and clos ed about the same as Satnr-
day The large decrease in the visible supply
had tendency 10 create flrmness among
operators. The liberal export clearances
of Saturday helped to sustain the mar
ket. There was some demand also for
cash wheat here and sale of 1000 bushels
of hard variety to Rochester miller st 96c
free ON board Corn was only moderately
active. fluctuations being contied within l4c
range, and the feeling developed was some
what easier The speculative market opened
1s@Ac lower than the closing Saturday, but
soon ruled tirmer, advanced Ac. reacted 1sc,
became steady and closed shade lower than
Saturday. There apperred to be good
many orders for July around 34Isc, ana the
market was firm at this price for some time.
The decrease Of the visible supply was hardly
as large as generally expected. Oats were
quiet and shade tirmer. Trading was light
and chiefly of local character. Considerable
interest was manifested i'll mess pork, and
trading was quite active. Early in the day
the offerings were free at 5@7l2c. declined
and further reduction of 7l2c was sub
R.itted to. Later the market showed more
steadiness. and the decline in prices was re-
covered and moderately well supported to
the close. Only II fair trade was reported in
lard, and the feeling was easier. With fair
offerings and comparatively light demand
early the market was weak and prices ruled
2l2@5c lower. Later the mardet was strong
er and the decline in prices was regained.
Trading was somewhat limited in short ribs,
and the feeling was easier Prices ruled 2l2
@5c lower during the early part of the ses-
sion, but the decline was recovered again
near the close.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 June opened at 8234c. closing
at s3c; July, 7s5sc. closing at 79Ac; August,
754c Corn-No. ., June opened at 341sc.
closing at 34lsc: July, 34a4c. closing at 347sc;
August, S5asc, closing at 3542c.. oats-No.
3 June opened at 22a4e, closing at 23c;
July, 227se closing at 23lsc; September.
closed at s11.92ls; July opened at
S11.97Ia, closing at Sl2.O2l2: August.
S12O2l2, closing atS12.07l2. Lard (per 100
lbs)-June closed at ST. 92l2; July opened at
S6.92l2, closing at $6:97l2; August,
81, closing at $7.o21a. Short Ribs (per
100 lbs)-June opened at $6, closing
at So. O5; July, $6.O5, closing at
S61O; August, Sc 121a, closing at Sc. 6.17la.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-NO.2 2 spring,
S4I2@S5c: No. 3 spring, nominal; NO 2
red, S1I2@S5c. Corn-No. 2, 34Ssssc. Oats
No 2, 2284c: Rye-No. 2, 41l2c. Barley
No 2, nominal. Flax Seed-NO. l, $1.53.
Prime timothy Seed $1.35@1.37. Mess Pork
Per Dbl, 81. .95@12. Lard-Per 100 lbs.
S6.9212. Short ribs sides Qoose). $6@6.O5.
Dry salted shoulders (boXed). $5.25@5.5O.
Short clear sides (boxedD, $6.25@6. 3713.
Whiskv-Distillers' finished goods, per gal,
S102. Sugars-Cut loaf, 9ls@9a4c; granu-
lated Ss4c; standard ''A,'' 9Ise Receipts
Flour. II 900 bbls: wheat. 5000 bu; corn,
241 COO bu; oats, 122. 900 bu; rye, 5000 bu;
barley, LOCO bu. Shipments-Flour, 1000
bbls; wheat, LOCO bu; corn, $4,000 bu;
oats, 747,O00 bu; rye, 7.00Obu; barley,
1000 bu. On the produce exchange to. day
the butter market was weak; fancy creamery,
16@1Sc; choice to fine, 13@15c; fine
diaries. 14@l16c: firm to good, 10@12c.
Ennc or a