St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-21
THE TEMPER OF TRADE.
May Wheat a Little Coquettish, Taking
Dive and Closing Higher.
SOME STABILITY IN STOCKS.
leading Securities Continue to Show
Strength, Closing Higher---Live
Stock and Produce.

Special to the Globe.
CHICAGO, March 20.-There was an
active opening in wheat this morning,
resulting IN sharp advance in May
contracts. Later i'll the session the
trading was moderate. but pr ces were
sustained at nearly outside figures we'll
along in the session. Two things caused
weak opening. The needed rains in
the West and the cables giving wheat
tending lower for spot and futures. The
weakness did not last long. The crowd
was largely short, to begin with. The
receipts we're very light. with only 5
cars of No. 2 on the inspection sheet,
and these were on special track, indi-
eating that not a car of No. wheat
actually came in for twenty-four hours.
Then the New York dispatches said
that prices were about on an export
basis. As proof of this Is boat loads
we're taken for export yesterday and
elearanceS to-day were 100000 bu of
wheat, beside liberal amounts of flour.
Added to these bulliSh influences was
the fact that Hutchinson was buyer
from the start. This set the shorts in
furry, and good buying by other houses
helped things along. May opened
lower for the reasons stated at 951Ic,
and in very short time sold to 961ac.
Still later May touched 975sc, reacted to
B63sc. and at 1880 p. m. rested at 961Zc.
The strength in wheat continued to the
cl0Se.June sold between 9115 and 9212c.
and July between S5115 and S61Sc Steamer
room of 1,000 quarters was reported
engaged at Baltimore, and dis
patches gave eleven boat loads
taken at New York and Baltimore
for export. Corn was heavy to-day and
The market quiet most of the session.
Receipts were again liberal-4l2 cars.
Grading showed 115 ears of No. 2.
Through shipments 1852 cars. Export
elearances were light-47,0O0 blu from
Atlantic ports, and shipments from here
were light also-60,000 blu. Out inspec-
ton. $4,000 bu. No. 2 and No. 5. Oats
continued steady without any special
features. Receipts, 124 cars. There
was better feeling in provisions after
the first decline at the opening, and
prices ranged higher, closing nearly at
the top for the session.
THE Days TRADING.
CHICAGO, March ga moderate
business was transacted in wheat to-day
In the aggregate, though at times the
market ruled very quiet. The feeling
was steadier and prices for May aver
aged higher than closing figures of yes
terday. while July varied only slightly.
Influences were again chiefly local.
The opening for May was from Ac
below to the same as the closing of yes
terday, but soon started up and ad-
vanced 15sc. declined &c, recovered,
closing 114c higher than yesterday
June closed about re and July &c
higher than yesterday. The early ad-
vance was stimulated some by the re-
port of increased clearances from
the seaboard yesterday and con-
tirmation of rumOr yesterday of buy
ing in California for shipment to Aus
tralia. Besides the above news a char
ter for 10000 bushels No. Milwaukee
wheat was made to 60 to Kingston. A
prominent local trader was credited
with being good buyer most of the
session, with some following by other
floor traders, but at the advance there
was an impression that the market was
being fed By some one. A moderate
business was reported in corn. Trad
Ing, however. was mainly local and
fluctuations confined within sc range,
but fluctuations did not vary materially
from yesterday. Oats were traded
in fairly early in the session, but
during the latter part quietness pre-
vailed. A fair number of buying Or
ders arrived from the outside for May,
and the market for that month was
steady. price changes being confined to
&c, and closing sales were at about the
same prices as yesterday. June and
July were traded in fairly. A weaker
feeling developed. especially in June,
which suffered decline of &c. Quite
good business was transacted in mess
pork, and the market exhibited cOnsil-
cradle strength. Prices were advanced
30tG35c on the whole range, and the
market closed steady. Lard and short
ribs Sympathized with pork.
PRICES FOR THE DAY.
The leading futures ranged as follows:
Wheat-No. 2, May, opened at 95Ac,
closing at 963zc; June, 9l55sc, closing at
9e1ac; July, s5slc. closing at see; year,
closed at 7934c. Corn-No. 2 April
opened at SAGE. closing at $3.50; May,
ing at 3511lc. Oats-No.2 May opened at
255sc, closing at 2555$c; June, 255$sc, clos
ing at 251ac; July. Pc. closing at 245?ssc
Mess Pork (per bbl)-May opened at
sl1.9215, closing at sl2.2215; June,
$11.9715, closing at Sl2.27l5; July,
$12.0711a, closing at s12.S5. Lard per 100
lbs)-May opened at S6.S711S. closing at
$685.; June, $685., closing at 81; July,
t6.9I15, closing at S7.021@. Short Ribs
(per 100 lbsl-May opened at S6.10, clos
ing at 1929; June, S6.1715, closing at
s6.2719: July, s6.221SS, closing at St. 3a1l {.
Cash quotations were as follows: Flour
dull and unchanged. Wheat - No. 2
spring, 94112094$4c; No. spring. none :;
No. 2 red, 941g(09f34c. Corn-No. 2,
S4c. OatS-No. ,, sc. Rye-No. 2, 42it55c.
Barley - No. 2, none. Flax Seed
No. l., $1.50. Timothy Seed-Prime.
s1.4S. Mess pork, per Dbl. $l2.15(0
1920. Lard, per 100 lbs. $500. Short
ribs sides, Q00se), Sc. 15@6.20. Shoulders
Dry sailed, (boXedl, S5.50(@5.75.
Sides-Short clear, 0oxed), s6.37]l@
$50. Whisky Distillers' finished
goods, per gal. $l.03. Sugar I'M
changed. Receipts-Flour, 5000 bbls
wheat, 1900 bu; corn. $4,000 bu;
oats, $4,000 bu; rye, 1000 Blu; barley,
10000 bu. Shipments - Flour, 5000
bbls; wheat, l1.000 bu: corn, 10000 bu;
oats. $4,000 bu; rye, none: barley,
$4,000 Blu. On the produce exchange to-
day the butter market was easy and
unchanged. Eggs weak at 15c.
r. M. NEWPORT & SON.