St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-20
WITHOUT A SENSATION.
rhs Week in Wheat Closes With Small
Comfort to Dealers.
PROFESSIONAL SPECULATION
Cemprises About All That Is Done in
the Piis---Livess0ck and
Provisions.
Special to the Globe.


a repetition Of that of Friday, except that
the range was still less and the pit almost
entirely given over to scalpers. There was
an effort on the part of the crowd to make
Hutchinson in some way responsible for the
failure of the market to act, but he was
simply a scalper with the rest. He sold above
nc for July and bought below that figure.
The range up to p. M. was but lsc from
76%67714c, with most of the business done
within fraction of TIE. The action in July
was 774c to 76s4c, to a lsc, to 763sc, to
77Isc, to 767Sc, to nc. June sold at S0s4c,
to SO7sc, to S0lsc to Sic, to SOs4c. There
were few outside orders and no Significant
news. At New York clearances were light
and long wheat still coming out on the poor
cables The estimate on the decrease IN the
visible supply for the week was ficm ,o0o,-
600 10 1900, OG0 bushels, against about
quarter million decrease one year ago. There
was some evidence that six OF seven boat
loads were taken at New York for the United
Kingdom. and even more for the continent,
but the trade is now slow to believe such re-
ports Receipts-5l cars. The close was ct
about the highest prices Of the session. Re
ceiptS of corn this morning were 40 cars.
The grading gave 557 cars of NO. 2. The es-
innate for Monday was 975 cars, out inspec-
ton 100000 bu. Engagements by lake
to-day $4,000 bu From the opening
to the close there was lively interest and
big volume of trade in the pit. Prices Yield
ed under the great receipts and closed about
Iac lower than yesterday. Oats were dull
and a shade lower than yesterday. Receipts
1876 cars and $500 bu by canal. The
trade in provisions was dull ard prices closed
10@11Iac lower for pork, 5@1lac lower for
lard, and 7l2c for short ribs.
THE DAYS TRADING.
CHICAGO. May 1S.-Wheat was quiet and
dull with fluctuations confined to narrow
limits Nothing specially new was devel-
oped. The feeling was weaker. early, and
prices declined Ice from opening figures,
which were the same as yesterday closing,
recovered again and ruled firm, closing about
the same as yesterday. Some export demand
was again reported at the seaboard. There
was good demand for cash wheat on mill
ing account and sales comprised mostly win
ter wheat, which sold at 1s4@2c premium
over June prices. a good business was
transacted in corn, and at a still further de-
cline in prices. The weakening influences
were much the same as .yesterday-the large
receipts and favorable weather. Spec
ulat1ye offerings were heavy, and
the volume of business quite. large
The market opened ls@Ac lower than the
closing prices of yesterday, was steady fora
time. but soon became weak. declining IS
@lac. ruled steady and closed 9a@esc lower
than yesterday. Oats were traded in rather
sparingly TOR future delivery, a quiet and
easier feeling prevailed. and prices declined
MG1sc, more from an absence Of buying Or
ders than to increase offerings, and the mar
ket closed easy Only a fair trade was re-
ported in mess pork, and the feeling was
easier Prices declined 15@l712c, and the
and rather dull feeling prevailed in the lard
market. offerings were fair early, while the
demand was light and prices receded 5@71ac,
and closed rather quiet: Trading was only
moderately active in the market for short
ribs. Prices declined 5@7l2o. and the mar
ket closed steady at inside figures.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 June opened at SC9c. closing
at Sic; July. 77Ac. closing at 771ac; Au-
gust, 74a4c, closing at a4Ac; year. 1916, clos
closing at 33lac: July, 34lsc, closing at 33S4c;
August, 34%c, closing at 34ssc. Oats-No. 2
June opened at 22ssc, closing at 22ssc:; July,
22&e. closing at 22ssc; August 22lac, closing
at 22Se Mess Pork Ger e5Rune sspen9s sl at
closing at sl1.55; August, $11.70, closing
at S1l.62ls. Lard (per 100 lbs)-June
opened at $6.77la, closing at 1913; July,
s6s7l2, closing at $3.50; August, S6.s5H2,
c9sns at oSened at shos 1s p eos ing 0 at
1885: August, 1896, closing at IS. 92l2.
Cash quotations were as follows: Flour
quiet and weaker; winter, S4@4.75; spring
$50. Wheat-No. 2 spring, S2A@s3c: No.
8 spring, 7O@sOc; No. 2 red, s2A@s3c.
Corn-No. 2, 33ssc: oats-No. 2, 2242c;
Rye-No. 2, 4O1ac. Barley-No: nominal.
Flax seed-No. 1, SLID. Prime tim
oihy seed, 81 Sc. Mess Pork-Per Dbl, S11.55
@$l1.6O. Lard-Per 100 lbs. S6.75.
Short ribs sides Qoose), $5.sO@5. 90.
Dry sailed shoulders boxed. S5.l2l2@5.
Short clear sides (boxed), S6.l215@625.
Whisky-Distillers finished goods, per gal,
S1.02. Sugar-Unchanged. Receipts-Flour.
5000 bbls: wheat 1900 bu; corn, 1885,
GOO bu S eats su rye loo d sS
bbls; wheat, 102, 600 bu; corn, 275, 900 bu;
oats. 22S,000 bu; rye, 5000 bu; On the
produce exchange to-day the butter market
was very weak: fancy creamery, 15@l6c:
choice to fine, 12la@l4c; fine diaries, 100
14c; fair 10 good, SGl10c. Eggs frmer; lie.