St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-25
Sensational Bulge in May Wheat at the
Opening and Decided Weakness
at the Close.
Corn Closes Weaker, Oats Shade
Easier, Provisions Alone Showing
an Improvement.
Financial Operations in the Monetary
Centers---The General Quo
tati0nS.
Special to the Globe.

SIuefdplG news dIlOdt CO-udy CoilCCl uihS
wheat, but the pit was not disturbed by
any very unusual transactions. The
market was dull. on the whole. with
prices higher early on somewhat sen-
sational opening. and weak later on
pretty free local selling and no special
effort from the bull clique. At l p. m.
the price of May was where it closed on
Thursday, sl.O95s. The range up to
that hour was S1.O95s@L10A. The
opening was at sl.101S, or 5sc over
Thursday night. After selling at s1.l0M
there was reaction to Sl.O9A the flrst
hour. Later the prices settled to Sl.09ss,
&c lower than the close Thursday, and
little better feeling bulged the price
to S1.10 shortly before the close. Dur
ing the las fifteen minutes May wheat
sold at $1.10. off to S1.O9A up to S1.05B
closing &c lower for the day. Export
clearanceS, wheat 5000 bu. Flour at
New York and Baltimore for two days.
about $4,000 bbls. Receipts of wheat
here were 80 cars, of which IS cars were
graded No. 2. and out of the SO cars
from Milwaukee, 26 were graded No. 2
and 10 cars No. 8. Twelve ears of
spring were also on special track. The
corn pit was dull most of the session.
There was very little variation in
prices and the closing was trifle
weaker than on Thursday. Receipts
were 270 cars. Shipments 21S,0O0 blu.
Export clearances 277.0OO blu. The
grading showed 80 cars No. 2, with al
cars billed through. Oats were quiet
and shade easier for May. Receipts,
81 cars. Provisions were firmer and
sold at higher prices with a fair bust
ness early.
THE ROUTINE REPORT.
CHICAGO. Feb. 23.--Wheat ruled
quiet. There was noticeable lack of
outside orders and the local trading
was also of restricted character. The
market opened up stronger and prices
were 1@11sc higher than the closing
figures of Thursday, influenced by the
change to severe cold weather, but the
advance was met with pretty fair offer
ings. under which the market became
weak and after numerous small tluctua-
lions gradually touched a lower point
with each reaction, decline of was
scored upon the top price of the day,
and closed about IclUwer for May than
the closing figures OF Thursday. and
about 11sc higher for July. There was
nothing special In outside news to in
fuence the market. Transactions in
corn were chiefly confined to room opel
ators. The market opened at Thurs
days closing figures, gradually declined
&c reacted &c, rose steadily and closed
steady about the same as Thursday.
Oats steady at opening, receded nc and
closed quiet. A quiet and firm feeling
prevailed in hog products and prices
averaged higher in tile leading articles.
Prices were advanced early in the day,
owing to fair buying on the part of
shorts, but the improvement was not
supported. and about the middle of the
session the advance was lost. Later
prices rallied to the outside. but settled
back again to medium figures and closed
quiet.
THE GENERAL QUOTATIONS.
Wheat-NO. 2 March opened at S1.0S2,
closing at S1.065s; May, $1.101s, closing
at s1.O9sS: July, sl.o4a4, closing ats1 O4334.
Corn--No. 2 March opened at 34sasc.
closing at 3415c; April. $3.50, closing at
35Ac; May, 35ssc, closing at S511ac. Oats
at 255sc: May, 27$lc, closing at 2734c;
June, 265Sc. closing 27c. Mess Pork (per
bbr-March closed at S11.171S; May
opened at $11.3215, closing at S11.321l5;
June closed at $l1.40. Lard (per 100 lbs)
March opened at $3.50, closing at
s6.7715; May, $500. closing at $500;
June, $685., closing at $685.. Short
Ribs (per 100 bs)eMarch closed at $3.50;
May opened at S6.05. closing at $6.0719:
June, s6.071S, closing at S6.l219.
Cash quota atoms were as follows: Flour
firm and unchanged. Wheat-No.
spring. 81 .O61s; No. 8 spring, 9o@97c;
No. red, S1.O6@1.O61s. Corn-No. 2,
Size. Oats-No. 2, 25%c. Rye-No. 2,
1870. Barley-No. 2, nominal. Flax
seed-No. l, Sl.56. Mess pork, per Dbl;
sl1.15@11.2O. Lard, per 100 lbs, S6.75
@6.771s. Short ribs sides QoOsel,
1886. Dry sailed shoulders (boxed),
S5.25@5.371S. Short clear sides (boxed),
S6.121a@625 Whsky-Distillers' nm
ished goods, per gal, $1.03. Sugar
Unchanged. Receipts-Flour, 5000
bbls; wheat, $4,000 bu; corn. 10000
blu; oats. 100000 bu: rye, 5000 bu;
barley, 10000 bu. hipments-FlOur,
1900 bbls; wheat, 10000 bu; corn,
2S2, 900 bu; oats. 900 bu; rye, 5000
blu; barley. $4,000 bu. On the produce
exchange to-day the butter market was
steady and unchanged; eggs steady, 13c.