St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-10
| TRIFLE HISTORICAL.
Wheat Opens a Shade Higher, But
Records Fractional Less.
SHORTS ARE BUYING FREELY
A Firmer Feeling in Corn and Oats
Provisions Dull-.-Live Stock and
Money.

Special to the Globe.
CmcAGo, Ill. May 9.-The edge was off OF
the bulge in wheat to-day. The crowd, IN
GLIDING the leaders. were TOO anxious 10
take profits, and there was considerable
liquidation The fact remained that at l
o'clock the lowest price of the day Tor July
was the best point touched on the good adj
vance of Wednesday. In June 1t was little
different. The future sold Sac to S4lac to
S3l2c 10 S44c at l p. M, or l2c over the
close last night. july sold So TO SUS4c, lie
over the top yesterday TO 69s4c to = ssc at
] p m. There was little or no rain east OF
the Mississippi, where needed, but much
promised There was covering of wheat by
Phillips and others early, and when the top
figures named were touched, Hutchinson,
Jones Kenneth Linn and the crowd took to
selling for profits This caused the break OF
lie, but the strength was noticeable again in
the prices before the close. This was large
" on the cxtravagant reports from New York
about the number of boat loads taken for eX-
port. Wheat closed firm at Ice advance for
July at S04c. The New York dispatches
reported boat loads taken for export all the
way from % to 80. One conservative house
thought that % boat loads was the limit.
The trade here takes little stock IN the re-
ported engagements, or wheat would have
closed cents higher. Receipts, D cars
Corn was strong with wheat Local shorts
We're frightened and were buying. July
opened at Soc and sold TO 36ls036Ac. 1t
afterward dropped down 10 3ol2c Oh the
prospect for rains South and West. There
were lis 900 bu cleared yesterday from At
lantic ports and 10000 bu from New Or
leans. Receipts of corn, 3o7 cars. Oats
opened strong with the other
grains but weakened along with
corn when it began to look cloudy outside.
The oat-clipping machines have been or
dered out of the regular elevators by the
directors of the board. but this has no bear
ing on the market. The clippers can be
worke d as usual in the private elevators and
elsewhere, and the oats thus improved can
be delivered on contracts Receipts of oats,
124 bu The provision market was quite ac-
tive to-day Prices were made largely by the
local trade, without much regard to outside
influences The bull feeling created yester-
day caused some higher prices early. This
was followed by free selling of products by
Armour K Co., and raiding by others in the
pit. This caused break of over zoe in pork
ana yielding of sc in other products. The
close was strong at about best prices for ribs
and lard while mess pork closed about
steady at last nights prices Sales ranged
for July as follows: Shortribs So. 10 to S6.10
to S6.15; lard, 81 to $685. to $500; mess
pork, $l2.2O to S12.2212 to S122 Ol2 to
SI2.17l2 to s1215. May closed $12 10;
June, S12O5. Packing for the week in the
West estimated at 100000 hogs.
THE DAYS TRADING.
CHICAGO, May 9.-The volume of trading
IN wheat was larger and higher range of
prices established, but the full advance was
not sustained. May closed about Ic lower
and June lac higher than yesterday. July
opened A@ssc higher and advanced ss@ac
more, then declined lie, reacted S4c, ruled
easy. and closed about i2c higher than yes
terday. The early strength was due to active
buying by shorts, some large lines being COW
cred. The subsequent decline was attrib-
uted to larger offerings and more disposition
TO realize. Rain was reported In some sections
West and Northwest, and the weather map
showed cloudy weather over considerable
portions of the country. Considerable in
terest was manifested in corn, prices ruling
quite irregular, firm in the early morning
and weaker as the session advanced. The
market opened firm at yesterdays closing
prices, eased off 14c. became stronger and
sold up ss@l2c, but offerings became liberal
on the advance. the local crowd becoming
long, prices quickly reacting 5Sc, influenced
mainly by the weaker tone of wheat. A
steadier feeling then prevailed and fl nal
quotations were lsQssc ,ower than yesterday.
Oats were active. Opening sales were at 1s@
Ac below yesterdays close, and prices ad-
vanced lsc. After shorts had been filed a
weak feeling developed ana prices declined
ss@5sc, and the market closed rather quiet
and easy at inside figures. Trading was
fairly active in pork and prices ruled irregu-
lar. Opening sales were made at SC ad-
vance, and further advance of DC was
gained. Later prices receded 20022l2c, but
rallied again 1O@l2l2c, and the market
closed steady. Lard was quiet and receded
2l2@5c. but closed steady at outside figures.
Short ribs opened slightly higher. but re-
ceded 5@7l2c and closed quiet
The leading futures ranged as follows:
Wheat-No. 2 June opened at SAC, closing at
e4c; July soc. closing at sOAc; August
7ss4c closing at 7Sl2c; year. re, closing at
CLOSING at 35c; July, sc, closing at $3.50;
August 36ssc, closing at $685. Oats-No.
2 June opened at 23S4c, closing at 23ssc;
July, 237sc; closing at 235sc;, August, 2S5sc,
June opened at S1215, closing at sl2.O5;
$3.50, closing at si2 22ls. Lard Cper 100
lbs)-June opened at S6.92l2 closing at
$751; 'q dossz at 'szUg g at h 81 RIBS AssH psf
100 lbs)--May opened at $6:O7l2, closing
at 6.12la; June closed at So Is:
July opened. at o. S6.221s closing e al at
$500; August $3.50 closing .d'gg. at 1922:
unchanged. Wheat-No. 2 spring. S512c: No.3
spring, none; No red, S5lac. Corn-No. 2,
35lsc. Oats-No. 2 23lsc; Rye-No, 2, 4ll9e.
Barley-No. 2, none. FlaxSeed-No. 1, $1.53
Pork-Per Dbl, Sl2. Lard-Per 100 lbs.
Sc. 9212@6.95. Short ribs sides Qoose), So 10.
Dry sailed shoulders (boxed), none. Short
clear sides (boxedl, none. Whisky-Dis-
c ss n ioa gUSs per graz gaansated se
standard A, s12c. Receipts-Flour. II 900
bbls: wheat, 5000 bu; corn, 159, 900 blu; oats,
$1,000 bu; rye, 1000 blu; barley, H.
wheat 10 600 bu. corn 272 600 hi. oats
141,OOo bu; rye, $4,000 bu; barley, 10000
blu.
On the produce exchange to-day the but
ter market is weak; fancy creamery, 16@1sc;
common to fne 13@15c; fine dairies, 14@
Ice; fair to good, 15l2c. Eggs weak. 12c.