St. Paul daily globe., 1889-03-16
STILL HAMMERING AWAY.
May Wheat Refuses to Remain Below
95 More Than a Minu!e, However.
BEAR RUMORS FAIL TO WORK
Numerous Influences Tend to Depress
Stocks and Bonds---The Provision
Markets.
Special to the Globe.

The stopping pOlHI Oh TIC DlS Sllue oil
Tuesday, and several times since 95
cents has proved a hard bottom. To-
day the price was forced fraction past
this point, TO $3.50, but in a short
time it was at $3.50 again. The
market differed from yesterday in hav-
ing no good bulges up to noon. The
opening was weak and 5sc lower
for May and with the exception of
little rally to 962Sc just after the
opening, the course was downward.
The greater part of the trading was be-
tween CSC and 9519c. Whoever
Hutchinson may have bought for yes
terday, he was selling for himself early
to-day. Jones-Kennett bought freely
for awhile, it was thought to cover.
TIE principal bear influence was the
weather, and the reports of colder
weather in the Northwest had
little effect. Export business amounted
to 10000 bushels of wheat and flour
from Atlantic ports. 1t was mostly
flour. The receipts here were sixty
three cars, with thirty eight cars of No.
grade, mostly OH special track. An
hour before the close May wheat was at
VI Oll HUH lpoU IL
was fair action i'll wheat the last hour.
May sold up to SEC, and yielded only
fraction before the close. Liverpool
closing cables were weak and lowsr,
and only two boatloads taken for eX-
port at New York. Dispatches also
stated that foreign buying orders within
115c of the market had been cancelled.
May ranged between 9455s and 965sc, June
914@g2114c, July S614(9S7c. The trad
ing in corn was light. and prices
moved within very narrow range.
May sold between 353s and 35$4c all
the morning. Clearings yesterday
from Atlantic ports were 10000 bu,
from New Orleans were Ill .000 bu. Re-
ceipts of corn were 344 cars. Oats
opened weak this morning, but got
firmer on small demand. All the trad
ing was done in May and June. The
receipts were above what was expected.
In all there were los cars, of which %
cars were No. 2. The receipts of hogs
continue large, but prices hold up fairly
well. Prices to-day were within a mar
row range. Ribs sold at S6.17I early
for May and up to S6.22H at p. IN.
Lard was at S6.95 most of the session.
Mess pork sold for May at S12.l75II, to
only features in the provision market
worthy of mention were the moderate
sales of lard and ribs by Armour. Very
little business was done, though the
tone of the market became firmer as the
session advanced.
THE DAYS TRADING.
CHICAGO, March 15.-There was
quite good trade in wheat to-day, but
principally on local account. Outside
news was scarce, and outside business
dull. The feeling was weaker, inhu-
growing crop here: good weather abroad
and dull and easier cables. The open
ing was %s(0}sc lower than Yesterdays
closing, and under free speculative of
fering prices further declined 1910,
though not without numerous slight
fluctuations. Around 95c for May,
however. prominent local trader
bought freely, which started the mar
ket up, and prevented further decline.
The buying was evidently to cover
''shorts," as the party was credited
seller. From the inside prices for May
recovery of l115c followed, and closed
about 15c lower than closing figures of
yesterday. June closed about 114c
lower, and July closed about &c lower.
There was but little interest mani
Tested in corn fluctuations being within
narrow limits, and trading almost eX-
clusively local. The feeling on the
whole was somewhat easier, the fine
weather having a tendency to increase
offerings. A fair business tranSpired
In oats. The opening was weak and
unsettled. Offerings were fair. but the
buying by large house pro-
ment. A stronger feeling g deveI- level
Oped, and prices advanced &c. a re-
cession of &c followed. Later in the
session, however, a stronger feeling de-
veloped and prices advanced &c, the
market closing steady at net gain OF
A0a5c over yesterdays last sales. Hog
products attracted very little attention
and trading was light. Local operators
were not much interested in the market
and the outside orders we're smaller
than usual. Prices declined slightly on
all the leading articles. Later the mar
ket showed more steadinesS and prices
rallied again, with purchases credited
to those who sold early. The market
closed quiet at about outside figures.
PRICES FOR TIE DAY.
The leading futures ranged as follows:
Wheat-No. 2, May, opened at 963sc,
closing at 957Sc: June. 924c, closing at
915lc: July, S6$lc, closing at s65sc;
year, soc, closing at S0%c. Corn-No.2
May opened at 355lc, closing at 35Ic;
June, 3535c, closing at 353sc; July,
S614c, closing at 36kc. Oats-No. 2
May opened at 2511sc, closing at 251%c;
June, 255sc, closing at 253sc; July,
e519c, closing at 253Sc. Mess Pork per
bbl)-May opened at Sl2.171%, closing at
S12.20; June closed at Sl2.25; July,
80 25 closing at SO 321[ Lard (ner
100 lbs)-May closed at S6.95; June
at S7.05. Short Ribs (per 100 lbs)-May
opened at $500, closing at S6.2255; June
closed $3.50, July, $3.50, closing at S6. .321155.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. 2
spring, 9311l09519c: No. 8 spring. 81
@92c; No. cred, 9314@931Ic. Corn-No.
2, T0343sc. OatS-No. 2, 241lc. Rye
No. 2, 45c. Barley-No. 2, nominal.
Flax Seed-No. !, Sl.55. Timothy Seed
Prime. S1.3S(9l. SO. Mess pork, per bbl,
S12.15G12.20. Lard, per 100 lbs. $6.S71%
@6.90. Short ribs sides, .Qoose), Sc. Is
@6..2o. Shoulders-Dry salted, boxed.
(boxed), S6621l06.75. Whisky-Dis
tillers' finished goods, per gal. s1.O3.
Sugar unchanged. Receipts-Flour,
5000 bbls; wheat, $4,000 bu; corn. 1885,
600 bu; oats, $4,000 bn: rye, 1900 bu;
barley, $4,000 bu. Shipments - Flour,
5000 bbls: wheat. 10000 bu; corn, &c.
D0e bu: oats, $4,000 bu; rye, 5000 bu;
barley, 25,0Q0 hu. On the produce eX-
change to-day the butter market was
weaker, but not quotably lower. Eggs,
l3119@14c.
r. M. NEWPORT g. som