St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-18
SATURDAY SpECUlATI0NS.
Some Little Strength Developed in May
Wheat, Which Closes Higher.
AN APPRECIABLE ADVANCE.
Trading Securities Show Decidedly
Better Feeling---The Weeks Clos
ing Prices.

CHICAGO, ILL.,, March 16.-The return
of strength to the speculative wheat
market this morning caused furry
among buyers, which gave great ac-
tivity for time. Trading was pretty
well divided among the futures, but
when the bulge once set in May took
the lead, and at the end of the first
hour there was an advance of 3ssSc over
the opening price, with about 1c adj
vance in deferred futures. Outside
news was pretty we'll divided. and the
secret of the advance was local buying,
headed by Hutchinson. Blum, Boyd
Bros. and Field, Lindlay 81 Co. were
also conspicuous buyers. There was
talk of tip from the bull clique
that the bottom was touched Friday,
and the trade tried hard to think that
Hutchinson and Fairbank are allied on
the bull side. The gossip is that Hutch
inson has been let into the deal at pres
ent prices, and that U. II. Baker, who
was seller to-day, is out. Bradstreet's
to-day gives the total stock of visible,
in farmers hands. country elevators
and afioat at 100000 bushels, against
210.OOo.0OO last year. Export clearances
of wheat and -four from Atlantic ports,
$4,000 bushels, including $4,000 barrels
of flour from New York. Receipts
here, 81 cars. The action in May was
955sc, TO 974c. to 97c, to 9S14c. to 979sc,
to 974c, to 971%c /; at l p. m.
June ranged 9l$l@931ac, July,
SCI &c to size. Prices eased off trifle
during the last fifteen minutes Of the
session. but the close was firm. Thir-
teen boat loads were reported taken for
export at New York. Corn was quiet
and without especial feature. Prices
ranged slightly lower for futures. Re-
ceipts, 371 cars. Oats were quiet and
steady for futures. Receipts, 1876 cars.
Provisions were dull. There was little
feature to the trade. Prices sagged for
want of activity and support in the mar
ket. Trading was light in futures, and
cash sales were scarce Prices tended
lower, and the close was 5(91Oc lower
than yesterday.
THE DAYS TRADING.
CHICAGO, March ga very fair
business was transacted in wheat and
ing above the closing figures of yester-
day. The opening was shade easier,
but from the start showed firmness, and
with some fluctuations, prices for May
were advanced 25sc, receded lie, fluc-
tuated slightly and closed about lie
higher than yesterday. June also
showed considerable strength. advanc-
ing &c, and closed about 11Ic higher.
July ruled steady, advancing lie,
closing about &c higher than
yesterday. Local influences again
controlled the market and the firm
ness Was attributed mainly to the
free buying of prominent local trader,
though at the advance operators found
the speculative offerings quite large,
which resulted in developing weaker
feeling. A fair trade was reported in
corn early in the day, after which the
pit became very quiet and inactive.
The feeling developed was generally
weaker and transactions were at a
lower range of prices. The easier
tone was attributed largely to the re-
cess of expectations. The market
opened shade lower than the closing
price of Yesterday, was steady for a
time, then declined &c, reacted 11s(04c,
and closed 11sc lower than yesterday.
Oats were fairly active, but unsettled.
The market opened shade lower for
May. Two large traders bought freely,
and 1t was suspicioned that the bulls
who have taken part in the market for
some time past were again buying;
This reversed the feeling, and caused
an advance of &c on May and
4@Ac on the more deferred
futures. A decline of A@a6c
on May followed, and the market
closed firm at about the same prices as
yesterday. Trading was fairly active
in mess pork, and the feeling was weak
during the greater portion of the day.
Prices declined 171a@20c. and the
market closed quiet at medium figures.
A quiet and easy feeling prevailed in
ruled weak and declined 5@715c. and
the market closed steady at inside
figures. Only moderate business was
transacted in short ribs. The feeling
was easy, and prices receded 5@71lc,
the market closing steady at medium
figures.
PRICES FOR THE DAY.
The leading futures ranged as follows
Wheat-No. 2, May, opened at 955sc,
closing at 971sc; June, 91Tc. closing at
sse; gu July no s619c, uS closing at sSMc;
May opened at S55sc, closing at S51sc:
June, 3515c, closing at $3.50; July,
$3.50, closing at Sec. Oats-No.
May opened at 2515c, closing at 25%c;
June, 251ac, closing at 25Ic; July,
251ac, closing at 255sc. Mess Pork (per
bbl)-May opened at S12.22115, closing at
Sl2.121a; June S12.271a, closing S12. ~ :;
July, S12.30, closing S12.2211a. Lard (per
100 lbs)-May $685., closing $685. June,
81, closing at s6.92155; July sos. closing
at $500. Short Ribs (per 100 lbs)-May
opened at $500, closing at s6.15; June
s6.2219, closing at 1920; July.
s6.3215, closing at 1925. Cash
quotations were as follows: Flour
steady and unchanged. Wheat-No. 2
spring, 94159945sc; Nos spring, S5c.
No. Cred, 9419@955Sc. Corn-No.2, SAFE.
Oats-NO. 2, 2414c. Rye-No. 2, 43c.
BarleY-NO. 2, nominal. Flax Seed
No. !, s1.50@1.55. Timothy Seed-Prime,
$1.3991.40. Mess pork, per Dbl, S12.O5
@12.10. Lard,p per 100 lbs. S6.s0@6. S215.
Short ribs sides, Qoose), S6.l5(06. 20.
Shoulders-Dry salted, Ooxed), $500
5.75. Sides-Short clear, boxed], S6.05
@6.2215. Whisky-Distillers' finished
goods, per gal. S1.03. Sugar un-
changed. Receipts-FIour, 5000 bbls /;
wheat, $1,000 bu; corn. $4,000 bu:
oats. $4,000 blu; rye, 1000 blu; barley,
~ blu. Shipments - Flour, 5000 bbls !:
wheat, $4,000 bu: corn, $4,000 blu: oats.
$4,000 bu; rye, none; barley, q, 900 blu.
On the produce exchange to-day the
butter market was weaker, but not
Quotably lower. Eggs, 12119@13c.
q Al NEMpNDT o. CON-