St. Paul daily globe., 1889-05-13
THE WEATHER IS TOO GOOD
And the Bulls Find Difficulty in Making
Any Winning Bets.
WISE MEN ARE SELLING,
For There Are No Radical Changes OF
Prices in Sight---StocKs and
Provisions.
Special to the Globe.

Special to the Globe. .
CHICAGO May 1l.--No one was AT aii SUI
prised at the break in the price OF whea. II.
the onening to-day Everything pointed that
way The government crop figures were
bearlsh. showing condition OF crop per een'
improved during April, when 'here was 81
much talk of damage. The heaVy ruins nsio
and in two or three states also helpeo 'i'o
bears. The surprises came later Ill tiie u's'
when the market held up SO wei III 'iie iaoe
of nretty short selling. Bradstreets was
quoted as showing on authority that 20 per
cent of Russian wheat yet remains i'll flrst
hands. New York advices were on the puii
side. The city reported the stock decreaseu
900 ooO hu for the week, and estimated the
decrease in the visible supply for the week
os high as 100000 bu. Estimates here
wore for a decrease of 100000 10 l,aoo,-
oQO hu. New York cleared 20S COO bu to-day
and four Atlantic ports for the week, 49,
GEO I'M of wheat and 13I, 900 bblS and SACKS
of flour. Prices here ranged as follows:
NAV. S4s46S5Iac; June opened 1l2c lower
at S3c. sold S2l2@S3l4e TO S30S2l2c to
S3Ac. July opened llac lower at |9Ac'
sold 796794c to T9@T9Ac to 7eA@|9Ac
10 7907 9ssc 10 79lSc at l o'clock. Receipts
here were 10 cars. Wheat closed steady
with July where it started. Although tLe
movement of corn continues faVoraole,
there was setback i'll prices to-day III com
panv with everything else on the hoor' Inc
rains had a weakening effect by improving
the crop prospects. The rec eipts were mucn
larger than the estimate, and reached
5OSOoo bu. Grading showed $40
cars of No. ,. Out Inspection,
$4,000 bu; shipments, 10000 pu'
Export clearances from Atlantic ports tor
the week, 100000 bu. Car lots for Mon
day. 545. Engagements by lake To-Day
500 600 bu. Oats were weak ana lower, III
sympathy with wheat and corn. The heaVy
rains also had tearish effect on the market
Trading was light. Receipts were l44 cars.
Provisions were irregular and prices lower,
but there was no heavy trading. The mar
ket opened with ribs and lard 7l2c OF ana
mess pork l5c lower. Ribs and lard did not
tiuctuate sc ali day. and closed at about open
ing prices with July ribs at $61O, July lard.
S6.97la. Pork was more active and prices
had wider range. July opened at S12,12l2,
sold Sl2lO@12I5 10 Sl2.02la@12.05 at
the close. or 22lac under last night. Cudahy
sold on the call and helped to cause the
break There was little demand for cash
stuff, and hogs at the yards were 5000 over
the estimated receipts.
THE DAYS TRADING.
CHICAGO. May 1l.-Wheat was lower unuer
the double weakening influence o! laVor-
able crop report by the agricultural depart
ment and heavy and general ram over most
of the country last night. The opening was
1ls@ISsc lower; ruled steady most OF the
session at the decline, later sold Off l4c more,
advanced 5sc and closed llAc lower than yes
terday. There was very general seiilng, puI
at the same time there was good buying, ana
the first half hour witnessed pretty active
trade after which the market ruled quiet ana
steady. Advces from the Ohio valley, parts
of Indiana and Illinois report dry weather,
with indications OF rain. FIVE poat
seaboard, with prospects of more doing.
Corn was fairly active. but weaker The
market opened at A@ssc lower than the
closing prices of yesterday and sold Off Zee,
ruled steady. and closed 54Ge7sc lower than
yesterday Oats were weaker; first sales
were at la@7sc decline. Offerings continued
free although trading was fairly active, prices
continued on the downward course, and
further decline of A@l2c was recorded, and
the market closed easy at about inside prices.
Only moderate trade was reported in hog
products and the feeling was easier. Prices
ruled lower, though fluctuations were con-.
tined within comparatively narrow range
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat--No June opened at S3c. closing at
S314c; July. 7914c. closing at 79lsc; August
77ssc, closing at 77lsc: year. 76c, closing at
IGc COrn-NO. = June OpeHCu OtS4C
closing at :,44c; July, ,35la c.closing at 377sc;
August, 357se, closing at 359sc. Oats-No.
9 June opened at 23lac closing at 227Sc;
July, 23l2c. closing at 23lsc: September,
23hc. closing at 23c. Mess Pork (per bbl)-
June opened at $l2, closing at S11.97l2;
July, 81. lCt2, closing at Sl2,O5; August.
S1207l2. closing at Sl2.05. Lard (per loo
lbs)-June opened at S6.92l2, closing at
$500; July. s6.s7ls, closing at s6;95; Au-
gust, S7G2l2. closing at 81. Short Ribs (per
100 lbs)-June opened at s6.o2is, closing
at S6.O5; July. S6.10. closing at
$6.O7l2: August, SC. 17l2, closing at $6. 10.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. spring,
S5@S5l2c: No. 8 spring. 72@ soc: No 2 red,
S5MS5I2c Corn-No. 2. 344@34Ssc. Oats
No. 2. 225sc; Rye-No. 2, 4ll2c. Barley
No .. none. Flax Seed-No. ], S1.53. Prime
timothy seed, S1.34@1.36. Mess Pork-Per
Dbl, Sl2 Lard-Per 100 lbs $692l2. Short
ribs sides Qoose), se@6;o5: Dry salted
shoulders (boxedD, S3:25@5:5O. Short
clear sides (boxed), S6.25@637 By. Whisky
-Distillers' finished goods, per gal, S1.O2.
Sugars-Unchanged Receipts-Flour. 5000
bbls: wheat 1000 bu; corn, 10000
bu; oats, 90, 900 bu; rye, 5000 blu: barley,
10000 bu. Shipments-Flour, 1000 bbls;
wheat, $4,000 bu: corn, 464,00O bu; oats,
$4,000 bu; rye, 5000 bu; barley, $1,000
bu. On the produce exchange to-day the
butter market was weak; fancy creamery.
l6@1Sc: choice to fine, 13@15c: fine
dairies, 14@16c: firm to good, lC@12c.
I'M ban