St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-24
THE COMMERCIAL RECORD.
Sensational Bulge in May Wheat at the
Opening and Decided Weakness
at the Close.
Corn Closes Weaker, Oats a Shade
Easier, Provisions Alone Showing
an Improvement.
Financial Operations in the Monetary
Centers---The General Quo
tati0ns.

Special 10 the GlODS.
CHICAGO, Feb. 23.-There was con-
siderable news afioat to-day concerning
wheat, but the pit was not disturbed by
any very unusual transactions. The
market was dull. OH the whole. with
prices higher early on somewhat SEN
sational opening, and weak later on
pretty free local selling and no special
effort from the bull clique. At p. m.
the price of May was where it closed on
Thursday, S1.095s. The range up to
that hour was s1.093s@1.10A. The
opening was at s1.101a, or 1sc over
Thursday night. After selling at .lO54
there was reaction to $1.09I the first
hour. Later the prices settled to Sl.09ss,
&c lower than the close Thursday, and
little better feeling bulged the price
to S1.10 shortly before the close. Dur
ing the las fifteen minutes May wheat
sold at 81. 10. off to S1.09A up to $1.05I
closing &c lower for the day. Export
clearances, wheat 5000 blu. Flour at
New York and Baltimore for two days,
about $4,000 bbls. Receipts of wheat
here we're 80 cars, of which 45 cars were
graded No. 2. and out of the Sc cars
from Milwaukee, 26 were graded No. 2
and 10 cars No. 3. Twelve cars of
spring were also on special track. The
corn pit was dull most of the session.
There was very little variation in
prices and the closing was a trifle
weaker than on Thursday. Receipts
were 27O cars. Shipments 21S.o0O bu.
Export clearances 277.000 bu. The
grading showed 20 cars No. 9, with al
cars billed through. Oats were quiet
and a shade easier for May. Receipts,
81 cars. Provisions were firmer and
sold at higher prices with fair bust
ness early.
THE ROUTINE REPORT.
CHICAGO. Feb. 23.-Wheat ruled
quiet. There was noticeable lack of
outside orders and the local trading
market opened up stronger and prices
were 1@11sc higher than the closing
figures of Thursday, Influenced by the
change to severe cold weather, but the
advance was met with pretty fair offer
ings. under which the market became
weak and after numerous small f1uctua-
tons gradually touched lower point
with each reaction, decline OF &c was
scored upon the top price of the day,
and closed about follower for May than
the closing figures of Thursday. and
about &c higher for July. There was
nothing special In outside news to in
fiuence the market. Transactions in
corn were chiefly confined to room opel
ators. The market opened at Thurs
days closing figures, gradually declined
nc reacted sc, rose steadily and closed
steady about the same as Thursday.
Oats steady at opening, receded &c and
closed quiet. A quiet and firm feeling
prevailed in hog products and prices
averaged higher in the leading articles.
owing to fair buying on the part Of
shorts, but the improvement was not
supported, and about the middle of the
session the advance was lost. Later
prices rallied to the outside, but settled
back again to medium figures and closed
quiet.
THE GENERAL QUOTATIONS.
Wheat-No. March opened at$1.0es4,
closing at s1.065S; May, $1.10L. closing
at 81 .O9as: July, S1.043l. closing at 81 09sl.
Corn-No. 2 March opened at 343sc,
closing at 341lc; April. 35ssc, closing at
S511lc; May, $3.50, closing at 3515c. Oats
No. March opened at 255sc. closing
at 25Yc; May, 27Ac, closing at 27&c;
June, 265sc. closing gre. Mess Pork per
bbl)-March closed at $11.1715; May
opened at S11.321l5, closing at $11.321S;
June closed atS11.4O. Lard (per 100 lbs)
March opened at $3.50, closing at
S6.7715; May, $3.50, closing at $500;
June, $685., closing at S6.95. Short
Ribs (per 100 lbs)-March closed at $3.50;
May opened at s605. closing at $6.071a;
June, S6.071S, closing at s6.l215.
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. 2
spring, sl.O61s; No. 8 spring, 91@97c;
No. 3 red, $l.O6@l .O61s. Corn-No. 2,
3414c. Oats-No. 2, 25s4c. Rye-No. 2,
1870. Barley-No. 2, nominal. Flax
seed-No. 1, $l.56. Mess pork, per Dbl.
sl1.l5@I1.20. Lard, per 100 lbs, s6.75
@6.7711S. Short ribs sides Qoose),
1906. Dry salted shoulders (boxed),
s5.25@5.s71ll. Short clear sides (boxed),
Sc. 12119@6.25 Whisky-Distillers' I'm
isbed goods, per gal, sl:OS. Sugar
Unchanged. ReceiDts-FlOur, 10000
bbls; wheat, $4,000 bu; corn. 10000
blu; oats. 100000 bu: rye, 5000 bu;
barley, 100000 bu. Shipments-Flour,
1000 bbls; wheat, $4,000 bu; corn.
2S2, 900 bu; oats, 161, 900 blu; rye, 6,G00
bu; barley. $4,000 bu. On the produce
exchange to-day the butter market was
steady and unchanged; eggs steady, 13c.
r. M. NEWPORT & SON,
Investment Bankers,
152. 153. 154 Drake Block. Loan Money