St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-19
MONDAY IN The MARKETS.
A Sluggish Day in Wheat, With Fair
Opening, Followed by Decline.
PRICES VERY SENSITIVE.
New York Stock Markets Affected by
the Uneasy Situation Abroad
Live Stock and Produce.
Special TO the Globe.

Special to the Globe.
CHICAGO, March 1s.-The weakness
in grain and provisions was again the
feature in speculative markets this
morning. Wheat took queer tack by
opening &c higher for May and then
selling straight off 1c the first half.
When the session was nearly ended for
the day there had been vigorous action,
higher opening and nearly &c decline,
followed by arally. Everything else on
the floor showed weakness, and the free
selling in wheat was sufficient Ordi-
narily to have put prices down and kept
them there. A prominent member said:
There is something wrong here. This
wheat ought to go down." The trading
was largely local. but there Was talk of
sales for New York longs here early.
After the first break the market
rallied on buying supposed to be for
the bull clique. A rumor that the
Paris copper bank had gone into liqui-
dation started prices downward again,
but denial Of the rumor checked the
decline, and when the shorts attempted
to buv there was little wheat for sale.
The closing hour was marked by weak
ness. The agents of Hutchinson and
Fairbank were not aggressive buyers.
and the market sagged for want of sup
port. The corn market was dull, heavy
and weak, the cause for which was
heavy receipts to-day and anticipated
large receipts tomorrow. Oats steady,
with very little trading. Provisions
ruled weak and lower, with buyers
scarce and cautious. The market was
fairly steady at the opening on higher
prices for hogs, but later in the day with
little buying prices gradually declined
to the close.
THE DAYS TRADING.
CHICAGO, March 19.-The volume of
trading in wheat to-day was rather
light. Large floor traders did but COM
paratively little and other operators
awaited developments. Outside bust
ness light. The feeling was little I'M
settled. The opening was stronger and
first sales were at slightly higher prices.
The market opened 34@1sc higher;
quickly turned on free offerings and
sold off 1c, then declined 1asc again, adj
vanced and finally closed &c lower.
European markets were quoted dull
and weaker, but prOpably the princi-
ported panicky feelingin financial circles
II Paris. There was some buying Oh
expectations Of colder weather. There
was only a moderate business in corn,
trading being largely local, and fluctua-
tons limited to &c range. The feeling
developed on the whole was rather
easier, though prices did not show much
change compared with Saturday. A
moderate business was transacted i'm
oats and steady feeling prevailed
during the greater part of the
day, with an appreciation of &c.
Quite a good trade was reported in
mess pork and prices fiuctuated con-
siderably; with rather free offerings
early, the market ruled weak and prices
receded 221a@25c. Later the market
showed more steadiness and prices were
advanced 71a@l0c, but declined again
10015c, and closed comparatively easy.
The lard market attracted very little
attention. The feeling was rather weak,
and prices ruled 5(0119c lower, and the
market closed quiet at the reduction.
A fairly active trade was reported in
short ribs. Prices decreased 5G71ac on
the whole range, and the market closed
quiet at inside figures.
PRICES FOR THE DAY,
The leading futures ranged as follows:
Wheat-No. 2, May, opened at 95%c,
closing at 9615c; June, 93c. closing at
year, SS11ac. closing at SO15c. Corn-No.
Q April opened at 3459c, closing at 345Sc;
May, S515c, closing at 3422sc; June, 3515c.
closing at 3514c. Oats-No. 9 May
opened at 2511ac, closing at 255sc: June,
255Sc, closing at 253sc: July. 2515c,
closing at 255sc. Mess Pork (per bblJ-
May opened at s12.1715, closing at SI1.9 DO;
June Sl2.20, closing $ll.95: July, S12. %,
closing So. Lard per 100 lbs)-May,
$3.50, closing S6.S5; June, $500. closing
at $500; JulyS6.95, closing at $685.. Short
Ribs per 100 lbs)-May opened at &c. IS,
closing at 500; June, 1920, closing at
S6.15; July. s6.2719, closing at $500.
Cash quotations were as follows: Flour
spring, 9414a9415c; No. 3 spring, none;
No. cred, 41l9951ac. Corn-No.2, 1850
343Sc. Oats-No. 2,2439s5c. Rye-No. 2, 43c.
Barley - No. 9, none. Flax Seed
No. !, S1.5O@1.53. Timothy Seed-Prime.
S1.40. Mess pork, per Dbl, $11.S9@
11.9O. Lard, per 100 lbs. $3.50. Short
ribs sides, Qoose), S6@6.10. Shoulders
Dry sailed, (boXed). S5.5O05.75.
Sides-Short clear, (bOXed), s6.50@
6.6212. Whisky - DlStilierS' finished
goods, per gal. s1.03. Sugar I'M
changed. Receipts-FlOur, 10000 bbls:
wheat, 10000 bu; corn. 10000 bu;
oats, 100000 bn; rye, 1900 bu; barley,
$1,000 blu. Shipments - Flour. 1000
bbls; wheat, IL 900 bu; corn. Ill, 900 blu /;
oats, $4,000 bu; rye, 5000 bu; barley,
$4,000 bu. On the produce exchange to-
day the butter market was weaker;
fancy creamery, 25@26c; choice to fine,
20@21c: fine diaries, 20921c; good to
choice, lS(@20c. Eggs weak at 15c.