St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-15
The Bull Clique Breaks The Wheat
Market That 1t May Catch
On Again.
Little Change In Corn and 0ats--PrOvis-
ions Showing Some Decided
Weakness.
Financial Operations in the Monetary
Centers-- The General Quo
tati0ns.
Snecial 10 the Globe.

the bull clique in wheat two days ago
was to put the market up and unload,
Just so it appeared to be the policy to-
day to break the market and take more
wheat. There is no Disgusting the fact
that prices are very largely the creation
of the clique, helped by the action OF
the crowd. worked both ways. The
public cables gave prices tending lower
for American wheat. The opening
price here for wheat was &c under last
night at SlO736. The first hour found
the range for May Sl.06$4 GLOSS.
Later the price went to s1.0S115 a second
time on a quick bulge from SLOT. The
crowd had been led into overseeing,
an some bull news and little wheat to
be had caused the furry. This was fol-
lowed by decline to s1.07%, around
which figure the market was
dull and steady for an hour.
Shortly before O'Clock. an
other decline put the prices to s1.061s,
with rally to Sl.071s. July sold about
&c under May most of the day. The
opening was at 9314c, and the range be-
tween 92394c and 9314c. One item of news
WAS GIt IdhIlS vi lUU,UUU Du tlt 1'uAoO
by Cleveland miller. The bulls called
attention to the fact that new No. l hard
wheat at Buffalo sold 23c over May
wheat at Chicago, and old No. hard,
Sac over May here. The same parties
also reported inquiries for hard wheat
at Glasgow and elsewhere. Receipts
here were So ears, with 10 cars Of No.
spring billed through. Wheat closed at
the bottom for the day and 114c under
last night at s1.o634 for May. July
closed as on yesterday,at $3.50. Receipts
of corn here were 353 cars, with SO
cars OF No. 2 and 40 cars billed
through. Estimated receipts for Friday
are 800 cars. Shipments here, $4,000
bu. Export clearances were large, o.
900 bu from New York and Philadel-
phia and $4,000 bu from Baltimore.
Trading was not heavy in the pit, and
prices were little changed. Oats were
steady; receipts, Ill cars. There was
decided weakness in the hog product
to-day. Hogs opened Ice lower. at the
yards with $4,000 received and 1000
left over. The opening prices in the
pit were &c lower for ribs and lard,
and 15c lower for mess pork. May ribs
sold s6.05 off to S5.9711aa, closing at S6.0213.
Lard, 500, off to 1865, closing S6.67H
or SC lower. Mess pork sold S1l.171a to
S113211a, to Sf1.15 to sl1.25, to Sl1.2219 to
close. or 1Oc lower. Walker q Co. COW
cred about 10000 bbs pork, but the out
side appeared to lose faith in products
because of the selling out by profession
ais yesterday.
THE ROUTINE REPORT.
CHICAGO, Feb. 14.-With the eXcep-
ton of temporary squirt. at which time
fair business in wheat was transacted,
the market ruled rather quiet and tame.
Outside business showed marked
falling off, and local traders also re-
Stricted their operations. The opening
was scale per bushel lower, Influenced
by the dull and weak tenor of European
market adviceS, and after some slight
fluctuations prices declined d more.
Later the market advanced nc, partly
on the report of 100000 bushels No. 3
red wheat being taken at Buffalo by
Cleveland millers, and also by rumor
of some European political trouble, but
rather free selling at the advance
turned the course of the market down.
and prices receded 194c, part of which
decline was very sudden, and the clos
ing of May was about nc lower than
yesterday, while June and July closed
same as yesterday. Home markets all
lower. 1t was reported that some 200.-
900 bushels of wheat had been bought
in New York the last few days by New
York millers. Corn ruled quiet and
steady, with trading of light volume,
fluctuations being within &c range.
The feeling around the opening was
easy, after which better tone was de-
veloped and transactions were at
higher range of prices. Oats we're
somewhat more active. A stronger
feeling prevailed and prices averaged
higher. A moderately active trade was
reported in mess pork and prices ruled
Irregular, though confined within
comparatively narrow range. Opening
sales were made at 1215@15c decline,
but good demand from local and out
side operators rallied prices again 12115
15c. During the latter part of the
session prices gradually receded 100
1910 and the market closed quiet.
Trading was only fair in lard and the
feeling was steady. Prices ruled 2119(05c
lower and the market closed quiet at
about outside figures. Short ribs were
quite active. Prices averaged higher
within a comparatively narrow range,
closing at about the outside figures.
THE GENERAL QUOTATIONS.
Wheat-No. 2, February opened at
f1.0415, closing at Sl.0315: May, $1.079s,
closing at S1.u6M; July. 9314c, closing at
g3$4c. Corn-No. q February, opened
at 34c, closing at Sac; March, 344c,
closing at size; May, 3535c, closing at
B515c. Oats--No. 2, February opened
closing at 25slc; May, 2714c, closing at
e73sc. Mess Pork per bbD-February
opened at Sl1.10, closing at SlO95;
March, Sl1.l21a, closing at S11; May.
kll.171I, closing at S11.221a. Lard (per
100 lbs)-February opened at $685., clos
ing at S6.57l5; March, s6.5219, closing at
f6.571%; May, $685., closing at $685..
Short Ribs per 100 lbs)-February
opened at 1913, closing at $3.50;
March, S5.7715, closing at S5.S5;
May, 1915, closing at $6.021a.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. 2
spring, S1.03A@1.031a; No. spring, So
@977zc; No. red, 81 .0314@l.0575. Corn
No. 2, 46c. Barley-No. 2 nominal.
Flaxseed-No. l, $i.5S19@l.59. Prime
timothy seed, Sl.4l@1 As. Mess pork.
per Dbl, 81. Lard, per 100 lbs, S6.57%
sQ6.60. Short ribs sides Qoose), So. S5@
b.05. Dry sailed shoulders (boXed), $3.50
95.671l. Short clear sides (boxed).
H.1215@6 %. WhiSky--Distillers I'm
Ished goods. per gal, S1.03. Sugars,
unchanged. Receipts-Flour, 5000 bbls:
wheat, $4,000 hu: corn. $4,000 bu: oats,
100000 bu; rye, 1000 bu; barley, 10000
bu. Shipments-Flour, 5000 bbls;
wheat, $4,000 bu: corn. $4,000 bu; oats.
D2,0C0 bu: rye, 1900 bu; barley. $4,000
bu. On the produce exchange, to-day,
the butter market was steady and un-
changed Eggs steady and unchanged
r. M. NEWPORT & SON,