St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-16
NOT A FORTUNE WAS MADE
Wheat Is Modest and Still Keeps Within
Narrow Bounds.
STOCKS IMPROVE A SHADE.
Livestock and Provisions Quiet and
Steady-.-The General Price
List.


wheat again to-day, but the market was mar
row and the losses up to p. m. were slight,
with the lowest figures touched at the open
ing in july There was little encouragement
for the bulls, and there appears to be no one
anxious to short the market to any great eX-
tent Cables were of beariSh tone, giving
downward tendency in prices. AT New YORK
exporters were taking some interest IN cash
stuff. but futures were dull. There was an
increase of $4,000 bushels on ocean passage
for the week. Export clearanees at New
York were but $4,000 bushels wheat ana
about l 900 barrels flour. Hutchinson was
not IN the market to any great figure and there
was no very conspicuous business. June solu
at S27sc and off TO S2ssc during the forenoon.
July sold at 1855 to 7Ssse, and off to 7Sssc
again at l o'clock with some stir among the
scalpers. Receipts here were eight cars,
with ten ears estimated for Thursday. The
heavy condition of the market was directly
due TO the crop prospects, which are lmproV-
ing with additional rains in Iowa, Ohio, Min
neSota and Indiana. There is at present
little sign of manipulation here or elsewhere.
This accounts for the temporary dizziness.
Every one who wanted wheat during the
session got il easily. The crowd was long at
the close and in trying TO realize the last
three minutes put prices off few fractions.
Corn was quiet with the bulk of the business
in the May option. Closing figures are a
trifie better than yesterday. Receipts were
374 cars. Oats were stronger and higher
for May, with but Little change in other op-
tons. Receipts were 200 cars. The pro-
vision market was fairly active all day, and
the tendency was again toward lower prices.
There was Some wild guessing on the re-
of i..h stir 81
way from $4,000 to $4,000. The highest
estimate came early, and prices at the yards
were also loo off. In the pit ribs and lard
opened 9l2c lower, ana mess pork 15c
lower. There were further declines the first
hour. Later Armour & Co. sold a great
quantity of short ribs. Stauifer, Stever and
others sold pork freely. There was some
buying, thought to be for Kent. Wright
also bought on the break. There was slight
rally at one time, but prices went to the low
est point of the day at the close. Hogs at
six points were $1,000, against $4,000 one
year ago.
THE DAYS TRADING.
CHICAGO. May ia dull feeling was de-
Veloped i'll wheat to-day. There was less
doing than yesterday ana at times the pit
seemed disposed to hold off for the present at
least. Prices evidently are considered rea-
scnably low, and operators are reluctant
nbout pulling out large lines on the short
side and al the same time do not take to the
buying side and are content to await develop
ments. Prices again touched a lower point
and the feeling was easy. Fluctuations were
slight, being confined within SSc range
most of the day; but the close sold
ing was sole lower than yester-
day. The weakness was attributed to a lack
of support. Crop advices are generally ia
vorable. A steady feeling prevailed in corn,
trading being only of moderate volume and
the session, after which the pit became
rather quiet. The prices were governed
chiefly by local influences. The market
opened ut yesterdays close, was firm for a
time, advanced H@1ac, ruled easier, reacted
Ac, partially recovered ard closed a shade
better than yesterday. Oats were traded in
moderately and a strong feeling prevailed
There was little desire to sell, and the buying
by local operator caused firmer feeling and
an advance of 4@Ssc in prices but it was not
maintained until the close. A moderately
active speculative business was reported in
polk. Opening sales made at 12I2@15c de-
cline and a further reduction of sc was SUBJ
mitted to. About the middle of the session
the market showed more steadiness and
prices rallied 7I2@1Oc, but, toward the close.
prices settled back again and market closed
quiet. \ quiet and dull feeling prevailed in
the lard market. Prices ruled 5@7l2c lower
ana lne market closed quiet at INSIDE hgureS.
THE QUOTATIONS.
The leading futures ranged as follows
Wheat-No. 2 June opened at S27Sc. closing
at S3ssc; July, 1SSSc. closing at Use; Au-
gust. 76c, closing at 75c; year. 747sc, clos
ing at 14l4c Corn-No. 9, June opened at
351sc; August, 355sc, closing al S59sc. Oats
No. 2, June opened at 2314c, closing at
24ssc: July, 23ssc. closing at 23$sc; Septem
per, 23ssc closing at 23l2c. Mess Pork (per
sl1;4o; July, SLIGO, closing at sl1.5o; Au-
gust. S11.65. closing at Sl1.55. Lard (per
100 lbs)-July opened at $6.S7I2 closing at
s6.s2l2; August. S6.92l2, closing at $500;
September, S69712, closing at Sc. 92le. Short
RIBS RIBS eT 100 lns = o closed at $5s5
c Cash quotations we Ge as follows: T1oai
steady and unchanged. Wheat-No. 2 spring,
64@S4l2c: No. cred, s4@S4lac; Corn-No. 2,
a1l2c. Flax Seed-No. l, Sic 1.54. Prime
timothy seed, Sl.35. Mess Pork-Per Dbl,
Ell .45@1 1.5O. Lard-Per 100 lbs. $6.77l2
$3.50. Short ribs sides Qoose), SOS so.
E DRY sailed tsdr sh sIdsS bo1ed
Whisky-Distillers' finished goods, per gal.
S1.O2. Sugars-Cut loaf, 9la@9s4c; granu-
lated, sac: standard A, Size. Receipts
Flour n6a 600 bbls; wheat 9ad Oh 1000 bu
5000 bu; barley, $4,000 bu. Shipments
Flour, 10000 bbls wheat, 10000 bu; corn,
$4,000 bu; oats. $4,000 bu; rye, 1000 bu;
barley, 5000 bu. On the produce ex-
change to day the butter market was weak;
12l2@14c: fine diaries, 1O@12l9c: fair to
good, S@1Oc. Eggs-Firm at 11la@l2c.
r. M. NEWPORT & SON,
Investment Bankers,
1852, 1873 154 Drake Block. Loan Money
on Improved Real Estate Security,
Al G. (S1L = ~ md & nor onuk