St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-11
AMONG THE SPECTATORS.
May Wheat Closes Lower, and June aud
July Follow Suit.
ACTIVITY IN SECURITIES
The Liveliest Day Of the Year in Stocks
and Bonds.--Market
Record.

Record.
Special to the Globe.
CHICAGO, March 9.-Wheat was on
the down grade to-day. The market
did not break early, but showed weak
ness until there was buying by Hutch
inson, when the price of May went to
$1.02 the best point OF the day. The
opening price was 1c under last night at
s1.O11S. When the price fell back to
S1.O116 after the bulge Hutchinson and
the clique failed to give any support,
and the market went to pieces; from
S1.O115 May broke to sl.00T, rallied to
$1.011S, then down to 9924c shortly after
noon. Then, on the report that the de-
crease in the visible supply will be
light-not more than 100000 bushels
May sold down to $3.50, rallying at the
close. Weakening influences were the
financial troubles in Paris. the weak
ness on the Pacific coast and the favor
able crop weather. Many also fear
the effect of the government
crop figures due Monday, which
will show wheat in farmers
hands. The failure of the bull cliques
to hold prices to-day IS regarded in var
ious lights by the trade. Receipts were
Is cars. The corn market attracted
less attention than any other specula-
tive markets. Prices opened about
steady, showed light declines on the
weakness in wheat and rallied enough
to close about steady. Receipts $50
cars. Oats were active and weak, May
selling down to 25Xc. Receipts were
70 cars. Provisions were unsettled
without selling far from closing prices
yesterday. The market opened trifle
lower all around. Lard showed the
least reaction. May sold at S6.95(97 to
S. s71a@6.9O at 1 p. m. Short ribs
sold at S6.27115 @6.3715 to S6.221a @6.25 at
p. m. Mess pork opened at S12 for
Nav, sold to S1225 and off to S11.95,
| closing at S12 OF &c lower for the day.
RECORD OF THE DAY.
CHICAGO, March "a large business
was transacted in wheat and a weak
and panicky feeling was developed.
May wheat opened 1c lower, held steady
for awhile and recovered &c of the de-
| cline, then became weak and declined
Y, VI w a pOihu o/4S bSiON
closing, improved some and closed easy
and about sac lower than yesterday.
June also declined SIC below yester-
days closing, and closed Sc lower. July
declined 21Sc below yesterdays closing
and closed 12lc lower. At the opening
there was a feint made to hold the mar
ket under fair buying by prominent
local trader, and the market even ad-
vanced some, but when it dropped back
to the opening figure it was discovered
that the early support was wanting,
that the peg around S1.011a for May had
been removed as it were, and with free
speculative offerings the market broke
badly all round and great deal OF
'lODg" wheat came out oh the decline.
The break was, no doubt, assisted
considerably by the reported financial
panic in Paris. Favorable crop prospects
here. and improved conditions in Cali
fornia on account of ram, also had
weakening effect. There was only
moderate trade in corn, the activity of
the other markets withdrawing interest
from the pit, and fluctuations were con-
fined within &c range. Oats were act
i've, excited and weak. Several heavy
lines were unloaded, one operator dis
posing of 100000 blu. Shorts bought
heavily, but prices declined &c, rallied
&c, and closed easy and 4@ssc lower
than at yesterdays close. Mess pork
was active and irregular. Early prices
advanced 20@25c, then receded 2593Oc,
but recovered 5@714c. Lard was mod
erately active, but unsettled. The price
advanced 21z@5c, declined I0@1211sc. re-
covered 2I5(05c, and closed steady.
Short ribs followed about the same
course.
THE DAYS QUOTATIONS.
The leading futures ranged as follows:
March. opened at 9914c, closing at $3.50;
May, Sl.011S, closing at $991sc; June,
SSc. closing at S6%c; July, 9519c. clos
ing at 9314c. Corn-No.2 March, opened
at 34s4c, closing at 3455sc; May, $500,
closing at $500; June, $500, closing at
351sc. Oats-No. 2 March opened at
245Sc, closing at 2434c; May, 26?sc,
at 26c. Mess Pork (per bbD-Mareh
closed at s11.sO; May, opened at S12,
closing at s12; June. $l2.071a. closing at
s12.O715. Lard (per 100 lbs)-March
opened at $6.S711S closing ats6.S2119; May,
$685., closing at $3.50: June, sos, clos
ing at 1886 Short Ribs (per 100 lbs)-
March, closed at s6.171a; May opened
at S6.3715, closing at 1925; June,
$63715, closing at $3.50. Cash quota
tions were as follows: Flour quiet and
unchanged. Wheat-No. 2 spring, $500
962sc; NO. spring, o212(09oc, NJ. ieu,
961l @963sc. Corn-No. 2, 3411a(@342sc.
Oats-No 2, 24s4c. Rye-No. 2. 42c. Bar
ley-Nominal. Flax Seed-No. l. $1.49.
Timothy Seed-Prime, S1.36@1.37. Mess
pork, per Dbl, s11.95@12. Lard, per
100 lbs, s6.S5@6.s715 Short ribs sides
Qoose). $500. Dry salted shoulders
boxed, unchanged. Short clear sides
(boxed), unchanged. Whisky-Distill-
ers' finished goods, per gal, sl.O3. Sugar
Gut loaf unchanged. Receipts-Flour,
5000 bbls: wheat, 1000 bu; corn, 49,
600 blu; oats, $4,000 bu: rye, 1000 blu;
barley. $4,000 blu. Shipments-Flour,
5000 bbls: wheat, $4,000 bu; corn, 123,-
600 bu; oats, $4,000 bu; rye, 1000 blu;
5osv vI the inter te
unchanged. Eggs unchanged.
r. M. NEWPORT e SON.