St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-12
THE COMMERCIAL RECORD.
Wheat Manipulators Shake the May
Future and Put Up the Price
Of July.
Corn, Oats and Provisions Show
Slight Advance in Sympathy
With Wheat.
Financial Operations in the Monetary
Canter s---The General Quo
tati0ns.



CHICAGO, Feb. 1.-THE wheat mark
ct was tame one early, and the trade
was inclined to wait for the visible sup
ply figures. When the figures were all
in the decrease was found to be 6S4,000
Blu, or about as generally expected. The
feature of the early market was the IN
terest in July. While May wheat SOLD
between S1.025s@1.O3T there was an
effort to buy July in the pit. The price
just after the opening was S9fsc. When
it was bid for there was none for sale
short of 902lc, and those who insisted
on buying July put the price to 9lt5c,
an advance of &c or double the action IN
May. 1t was afternoon when adVlceS
ware received that ten boat loads OF
wheat were taken for export at New
York, and that six loads were for the
United Kingdom and four loads for Lis
bon. This news found the price OF May
here around S1.03%s, and before p.
m. the market advanced to Sl.05es.
The changing to July continued, and at
ten minutes before the close $500 was
the price bid in the pit for the future.
which sold eally at S91sc. The export
clearances of wheat were light but the
-four was equal TO $4,000 bushels OF
wheat. The wheat market continued
very active until the close, 1t was dis
covered that the holders Of July were
inclined to stick and it was hard to get.
The outside Price for May was Sl.0534.
Receipts were 81 ears. The visible sup
ply of corn increased 75S,000 bushels.
Receipts here were 524 ears, with l63
cars billed through. Shipments were
161, 900 bushels. Atlantic port clear
ances W ere over 390.0 COO bushels. Prices
were within very narrow range, and at
the close showed a very slight advance
for different futures. The trade in oats
was very limited and prices were but
little changed. Receipts were $50 cars.
There was fair trade in provisions
and prices ranged higher in sympathy
with wheat.
THE ROUTINE REPORT.
CHICAGO. Feb. n.-Only a moderate
business was transacted in wheat, and
operators generally described the mar
ket as dull during the early part of the
session, but the latter half was more
active all round. The early feeling was
rather easy, Influenced some by the be-
lief that the decrease in the visible sup
ply would not be as large as had been
expected. and the snow storm was also
taken as favorable for the winter wheat,
as the plant was reported bare of snow.
The opening was Sole lower than
Saturdays closing, and after few
slight fluctuations prices advanced 1c
for May and 2c for July, receded some,
but again advanced &c for May and Sc
for July. The closing was 211zc higher
for May and &c higher for July than
Saturdays closing. No special reason
was given for the advance other than
there was some demand, and not much
wheat offered. The feature of the mar
ket was the strength developed in the
July future. In corn trading was
fairly active and the feeling firmer.
The market opened at Saturdays clos
ing prices, was easy for time, but it
soon became apparent that there were
good many purchasing orders to be
filled, and the market advanced 35015c,
reacted &c, ruled steady and closed
shade higher than Saturday. There
was moderate business in oats within
range of &c. A fairly active specu--
lative trade was reported in pork and
the feeling was somewhat unsettled.
Early i'll the day weaker feeling was
lower. Later the demand improved and
prices rallied 1715020c. but settled back
again 215Gl5c, and closed quiet. Trad
ing was comparatively light in lard, and
the feeling was easier. Prices aver
aged lower, and the market closed COM
paratively steady at medium figures.
Only fair business was reported in
short ribs. Trading was moderate, the
market was easy and prices ruled 215c
lower; later the market was stronger;
prices ruled 2]5@5c, and closed rather
steady.
THE GENERAL QUOTATIONS.
Wheat-No. 9, February closed at
s1.031s; March opened at S1.0l&s; May,
S1.03, closing at S1.o5@s; July, 9015c,
closing Gle. Corn-No. 2, February.
opening at 1890. closing at Sic; March,
34c, closing at 341sc: May. 352lc, closing
at 3515c. Oats-No. 2, February, opeE-
ing at 247sc. closing at 25c: May. 2715c,
closing at 211sc. Mess Pork per bbD-
February closed Sl1.371@; March closed
at S11.1715; May, opening at Sll.50. clos
ing $l1.6715. Lard per 100 lbs)-Fehru-
airy closed at 500; March, opening at
500, closing at 500; May, opening at
$3.50, closing $685.. Short Ribs (per 100
lbs)-February. opening at SG.0215, clos
ing at s6.O219; March, So, closing at
s6.021l: May, $6.121@, closing at s6.1715.
Cash quotations were as follows: Flour
steady and unchanged. No. 2 spring
wheat, Sl.03@1.03B; No. 3 spring wheat,
92@95c; No. red, Sl.0S@1 .031s. Corn
No. 2, 34c. Oats-No. g 25c. Rye-No.
2, Acc. Barley-No. 2 nominal. Flax
seed-No. /, $3.50. Prime timothy seed,
e1.5O. Mess pork, per Dbl, Sl1.3719 @l1.50.
Lard, per 100 lbs, 500. Short ribs
sides Qoose). SG(06.10. Dry sailed Shout
ders (boxedl, S5.5o@6. Short clear sides
tboXe1, $6.50@6.75. Whisky-Distil-
lers' finished goods, per gal, S1.03.
Sugars, unchanged. Receipts-Flour,
5000 bbls: wheat, 1900 bu; corn. 249,-
600 bu; oats, $4,000 bu; rye, 5000 bu;
barley, $4,000 bu. Shipments-Flour
1000 bbls; wheat, 10000 bu; corn. 161,-
coo bug oats, $4,000 bu; rye, 1000 bu;
barley. $4,000 blu. On the produce eX-
change, to-day, the butter market was
steady; fancy creamery, 27@29c: choice
to fine. 20@22c; fine dairy, 2O@22c;
good, 1S@20c. Eggs steady at l3115@14c.