St. Paul daily globe., 1889-02-26
THE COMMERCIAL RECORD.
Extreme Weakness in the Wheat Pit,
the Price Of the HAY Future De-
Clining Half Point.
Corn sIunps in Sympathy, Oats Dull,
aud the Trade in Provisions
Very Sow.
Financial Operations in the Monetary
Centers-.-The General Quo
tstions.
Special to the Globe.

Special to the Globe.
CHICAGO, Feb. 25.-The wheat mar
ket was not without few new feat
ures, but they did not cause great actlv-
ity or decided change in prices. Very
soon after the opening there was
weaker feeling apparent. The weather
furnished no crop scare news. Pacific
coast dispatches reported good rains,
and there was a weakness noticed IN
the Northwest. The market opened
weak, and on free selling by number
of good houses, there was decline in
the price of May from S1.69L to Sl.0S12.
Then there was rally of 1c started by
the prospects of good decrease in the
visible supply, and held along by buy
ing by Baker around S1.09, and others
above that figure. At II a. m. May
touched Sl.09h, the outside price for the
day. and the realizing which usually
follows little bulge on the visible fig
ures put the price back to S1.0S324, where
it was dull until afternoon. Later there
was a second rally to S1.0914, and at p.
m. the price went off to S1.0S, the lowest
point up to that hour. This price un-
doubtedly touched stop orders, for the
pit was the most excited for the day, as
the price dropped to $l.07$l, and went
Immediately back to S1.0S, where it
closed weak. The movement of wheat
was not very significant. The visible
supply decreased $4,000 bushels, or
about % per cent more than was eX-
pected; the stock here increased $1,000
bushels. Receipts to-day were 134 cars,
with 90 cars of contract wheat on the
inspection sheet. The stock of wheat
here is now 4,477,00 bushels, and at
New York S,244,O00 bushels. Corn was
quiet and the market trifie weak for
the day, with closing prices about &c
lower. Receipts were 526 cars, with 437
cars estimated for Tuesday. The visi-
BILE supply increased $4,000 bushels.
The stock here is now 3,073, 900 bushels.
Oats were comparatively dull. There
was little show of strength early and
buying by Boyd and others, but the
close was the same as Oh Saturday. Re-
ceipts, 2l2 cars. Visible supply de-
creased lis, 900 bushels. The provision
trade was very slow to-day, and the
principal action in futures was early.
Prices ranged lower, and the close was
at the bottom for the session.
TIE GENERAL QUOTATIONS.
Wheat-No. 2 February closed at
S1.O4%; March closed Sl.O5$l; May
opened at Sl.091s, closing at S1.0S; July,
951c, closing at 94c. Corn-No. 2 Feb
ruary closed at 3411Sc; March opened at
25$lc, closing at 341sc; May, 551sc. clos
ing at 3515c. Oats-No. 2 February
opened at 2515c; March. 253lc, closing
at 252lc; May 272lc, closing at 275s.
Mess Pork Der b6l)-March closed at
S11.05: May opened at Sl1.40, closing at
S11.25; June opened at S1.40, closing at
S11.35. Lard (per 100 lbs}-March closed
at S6.7711a; May opened at sG.92]5, clos
ing at $6.S713; June. $6,92115, closing at
$685.. Short Ribs per 100 lbs
s5.8715 May. S6.1o, closing at s6.05:
June, S615, closing at S6.121a;
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. 2
spring, S1.O49l; No. spring, SS@S9c;
No. 2 red, s1.04%. Corn-No. 2, $3.50
3414c. Oats-No. 2, 2514c. Rye-No. 2.
439Ic, Barley-No. 2 nominal. Flax
Seed-No l. S1.54. Timothy Seed
Prime, 81. .42l1.43. Mess pork, per bbi,
Sl1.05@11.10. Lard. per 100 lbs, S6.75(@
6.7T16. Short ribs sides QOOSe). S6.S5(0
6.95. Dry salted shoulders boXad), 1926
(05.3715. Short clearsideS (bOXed), S6.12%
6.25. Whisky-DistillerS finished goods,
per gal, S1.G3. Sugars unchanged. Re-
ceipts-Flour, $4,000 bbls: wheat, $4,000
bu; corn, 114,000 bu; oats, $4,000 bu;
rye, 5000 bu; barley. $1,000 bu. Ship
ments-Flour, 1900 bbls; wheat. 10000
h,,, I,Y1. re 2d hI1,
rye, 1900 bu; barley, 21 GOO bu. On the
produce exchange to-day the butter
market was steady and unchanged.
Eggs steady at 13G131ac.
THE ROUTINE REPORT.
CHICAGO, Feb. pa moderate buSi-
ness was transacted in wheat, and the
aging somewhat lower all round. The
opening was 1(@3sc lower than Satur-
days closing, declined &c more, then
rallied 1c, declined 1a4c, and closed
about 1s5c lower than Saturday. Do
mestic markets were all weaker. and
Minneapolis, which has been 5(07c over
Chicago, is now selling on par with
Chicago prices. Reports were also re-
ceived of rains in California, and that
the winter wheat crop in the South and
Southwest was looking well. Corn was
quiet and steady all day, trading being
rather light and almost entirely local.
There was nothing new of Importance
developed, and fluctuations did
not show much change from
Saturday. In oats during the
first part Of the session fair
business transpired, one buyer taking
all the May offered. Prices advanced a
fraction. After early buyers mad been
filled up. dullness prevailed. Offerings
increased and the market closed quiet
and easy. A little more life was mani
tested i'll hog products and the market
was stronger in a general way. A fairly
active trade was reported in mess pork,
but almost exclusively in contracts for
May delivery. Early the market was
stronger and prices ruled 71a@10c
higher. but gradually settled back again
l5M1715c and closed quiet. A moderate
trade was reported in the lard market
and the feeling was steadier. Prices
were advanced 213@5c early, but re-
ceSed and closed quiet. Less interest
was manifested in ribs, and trading was
lighter. Early sales were made at 219@
sc advance. but prices were not support
ed to the close.
z. M. NEWPORT & SON,
Investment Bankers,
152, 153, 154 Drake Block. Loan Money
on Improved Real Estate Security.
AT g. 81. e ~ and 8 per cent,
On Shortest Notice for any amount