St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-12
MONDAYS MARKET MENU.
Wheat Was Nervous and Unsettled,
With Lower Prices at the Close.
FLUCTUATIONS OF THE DAY.
In Stocks and Bonds the Active List
Showed Higher Prices--Grain
and Pork.

Special 10 the Globe.
CHICAGO, March 1.-THE wheat mar
ket was full of ups and downs to-day
with general feeling of weakness early
and fair rally shortly after II o'clock.
The visible supply report kept the crowd
guessing early in the day, and at the
end the decrease in the visible supply
for the week proved to be but $4,000
bu. This was disappointment to those
who had listened to talk about 600,0o0
bu decrease. Opening prices here were
about lake under the close. May
opened at 9sIsc, sold 9S4c, rallied to
995Sc, went off TO 9S1Sc. and after the
visible figures were posted to 97$4c.
This was the bottom for the day,
and it was just 1c under the
bottom of Saturday. There was a
slight reaction on shorts taking profits.
This was followed by buying on New
York advices, stating first that three
boatloads and later ten boatloads we're
taken for export. On this aid the feel
ing that the selling was overdone early.
May returned to $3.50 before l p. H..
Receipts were SiXty-one cars. Primary
receipts were 204, 200 blu, against 2S5,oOo
blu last Monday. Wheat was less act
i've toward the close. There was a
weakening from the best prices reached
on the bulge. There was aquiet mar
ket in corn. and prices ruled lower.
Receipts were 246 cars. Grading showed
~ cars No. 2, and So cars No. 4.
Through shipments, a cars; shipments,
.11G,00O bu. Export clearances. 2f4,OO0
bu from Atlantic ports. The increase
in the visible supply for the week gives
an increase of 1,122,000 blu. Oats were
weak and lower; May selling between
26c and 2514c. There was considerable
excitement in the pit. The visible sup
ply had decreased but $4,000 bu since
Saturday, and the stock in store was
very large. A much greater decrease
was expected last week. Receipts were
II cars. Provisions were quiet, and
prices for all products kept within mar
row limits. Prices started 219@5c lower
for lard and short ribs, with mess pork
steady at SIP for May. May ribs sold at
$500, to s6.2719, to $500, to S6.221a at 1
p. H.; lard, for the same month, S6.S5@
$50 for outside range. Pork moved
about some, but hung close to the s12
mark May sold 12c off, to $11.92122.
back to s12, and off to S1l.90, and steady
at s11.9715. with drop to S11.95 just
before the close.
RECORD OF THE DAY.
CHICAGO, March IA large bust
ness was transacted in wheat, and the
feeling was nervous and unsettled with
prices lower. The opening was weak,
Influenced by lower cables and fine
weather here and abroad. Financial
affairs in Paris are still un settled and
had tendency to create weakness.
The first sales for May were at 4@5sc
decline from Saturdays closing, and
quickly declined &c more, and good
buying, chiefly from "shorts." started
the market up, and prices were adj
vanced I3Sc, but again became weaker,
declining l2sc under renewed press
ure to sell "a prominent local trader being
credited with selling freely. About
this time reports were received of
export buying in New York and a
rumored sale of flour in Minneapolis
for export. This started the shorts
to covering and prices advanced lac,
fluctuated some and closed about sc
lower than Saturday. July ruled COM
paratively firm, opening about &c lower
than Saturdays closing, advanced 119c,
receded lie, ruled strong and closed sc
higher than Saturday. Thele was good
buying for July most of the day. A
very fair business was reported in corn
and slightly lower prices were estab-
lished. The feeling developed was
somewhat easier, though fluctuations
Oats were active, but the feel
ing was weak and the range
of prices lower. The best buying came
from shorts, but had no effect OH values
until prices had declined &c, when a
rally of &c followed. June received
more attention and commanded pre-
MUM at 13s(0115c. The market closed
steady for May at &c below Saturday,
but June was steady. Only moderate
trade was reported for hog products,
and the fluctuations of prices We're con-
fined within narrower range than for
some time. The receipts of hogs were
larger than generally expected, with
prices favoring buyers, and this had a
weakening influence and caused slight
decline in prices for leading articles.
THE RANGE OF PRICES.
The leading futures ranged as follows:
Wheat-No. 2, March, opened at 965Sc,
closing at 9G14c; May, $500, closing at
9S$lc: June, $3.50, closing at 93slc;
July, SIC. closing at SIC. Corn-No. 2,
March opened at S45sc, closing at 343Sc
May, S5$lc, closing at 3516c; June,
35%c, closing at $500. Oats-No. 9,
March closed at 2414c; May opened at
255sc, closing at 25$4c; June. 25$lc, clos
ing at 26c. Mess Pork (per bbl)-May
opened at S12. closing at S1l.9715; June,
$12, closing at s12.05: July, S12.171145,
closing at S12.12H. Lard (per 100 lbs)-
March closed at $3.50; May opened at
S6.S715, closing at $3.50; June, $685.,
closing at $6.95. Short Ribs per 100
lbsl-May opened at $500, closing at
1925: June. 1925, closing at $3.50.
Cash quotations were as follows. Flour
steady and unchanged. Wheat-No. 9
spring, 96CG9614c; No. 3 spring, nominal
No. red, 96@96I. Corn-No. 2, 34l4@
3435c. 0ats-NO. 2, 2414c. Rye-No. 2,
42c. Barley-No. 2, nominal. Flax Seed
-S1.52. Timothy Seed-Prime, Sl.35.
Mess pork, per Dbl, s11.95@12. Lard,
per 100 lbs. S6.S5@6.S716. Short ribs
sides. Qoose), 1920. Shoulders-Dry
salted, boxed, s5.25@5.3715. Sides
Short clear, (boXed), S6.50(06. 6215.
Whisky-Distillers' finished goods, per
gal. Sl.03. Sugar-Cut loaf unchanged
ReceiptS-Flour, $4,000 bbls; wheat, "a
600 bu: corn. $4,000 bu; oats, $4,000 bu:
rye, 1000 bu: barley, $4,000 bu. Ship.
ments-Flour, 5000 bbls; wheat. Sc, O0C
bu; corn, 10000 blu; oats, 10000 bu
rye, 1000 blu; barley. $1,000 bu. On the
produce exchange to-day the butter
market was steady and unchanged
Eggs firmer; l219@13c.
r. M. NEWPORT & SON.