St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-27
i''f1'WlSAf1YpIGALS SAT q
No Strength in the Wheat Market and
Little to Warrant Any.
TENDENCY WAS DOWNWARD
But July Says Only One Cent Below
the Opening Stocks and
Bonds.
Special to the Globe.


CHICAGO, May 25.-It was regular Satur-
day market in wheat The remaining short
interest got over its nervousness, and there
was little to give strength to the market.
At New York no wheat and less than 5000
bbls Of flour cleared. Public cables were
weak, and private cables were weaker.
Hutchinson was moderate seller early, and
after the puts price was reached filled the
crowd. The tendency was downward from
the opening, but the lowest point touched
about noon for July was less than lie under
the opening figure. July sold 77ss@77ls@
1850 7ls@710167sc at l o'clock. Septem-
Der went off to 74c and December to 75lac,
reacting to 75&c. The pit was ex
tremely dull toward the close There was
talk Of 100000 bu decrease in the
visible supply for the week. Receipts here
were 80 cars. Corn was fairly active and
ranged lower, closing A@lac lower. Receipts
were l., 149 cars. Oats were dull but lower.
Receipts, 500 cars. There was sort of
sinking market in provisions. The scares of
the past two days run many of the shorts in,
and this took much of the snap from the
market. Then, too, it is expected that the
light receipts at the yards this week may be
followed by big run of hogs next week,
and this had its effect The decline up to l
o'clock amounted to sc in short ribs, 7l2c in
lard, and zoe in mess pork. July prices
were: Ribs, $5.s2la off to $5.77l3; lard,
$6.s2l2 off to s6.77l2; July pork, $12 to
S11.so, to s11.9O, to $11.77ls.
TO-DAY's TRADING.
CHICAGO, May 25.-There was less doing in
wheat to-day, and a quiet slow trade was re-
ing was weaker, and yet no very important
decline was established. Opening sales were
1s@Ac higher than yesterday, and after fiuc-
tuating within small range for some time,
became weak. and prices declined 7sc, recov-
cred Zee, ruled easy, and closed SEC lower
than yesterday. Some parties who were
named as the principal buyers yesterday sold
moderately to-day. Advices were received
reporting rain in Texas, and as harvesting is
thought to be in progress there. the market
strengthened some by these reports. Home
markets were all easier. 1t was estimated
that the visible supply would not vary
much from l.OOO.O 600 bushels to 1,2OO,OuO
bushels decrease. A fair trade was re-
prices The weakening factor was the
large arrivals. The market opened shade
under the closing prices OF yesterday. de;
clined Sbc, became LESS active and ruled
There was considerable covering by shorts on
the decline, which had tendency to steady
the market. A weak feeling prevailed in
oats, and although trading was less active,
prices declined A@l2c, and the market
closed quiet at about inside figures. The
weakness was due to continued heavy re-
ceipts. A quiet and dull feeling prevailed in
mess pork. Prices declined 1742@2Oc, and
the market closed quiet. Trading was rather
light in tie lard market and feeling easy.
ness and prices improved slightly. Later,
however. the feeling was easier, and the adj
vance was lost. Short ribs were moderately
active. Prices ruled 5@7Ac lower and the
market closed steady at the reduction.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No.2 June opened at 91Ac. closing
at Sic; July, 77ssc, closing at 76Ac;
August 74l2c. closing at 74c; year, 7S4sc,
at $3.50, closing at 33Ac; July. SAC, clos
ing at 33Ac: August, 34l2c. closing at 3412c.
Oats-No. 2 June opened at 22l2c, closing at
22lec; July, 22asc, closing at 22ssc; Sep
TENDER, 22ssc, closing at 2z12c: Mess
Pork (per bbD-June opened at S11.7O. clos
ing at S1i.7O; July, Sl2 closing at
S1l. 80; August, $11.9O. closing at S11.S5.
Lard (per 100 lbs)-June closed at S6.72l2;
~ opened at se77s, closing ST go, at
Short Ribs per 100 lbs Julie opened gelI at
$5.67l2. closing at SIS. 671s; July, $3.50, clos
ing, S57712; August, S.. S7l2, closing, So. 92l2.
Cash quotations were as follows: Flour
STEADY and Nn se w M
2lss@22c. Rye-No. 2, soc. Barley-No
2, nominal. Flax seed-No. l, S1.54. Prime
timothy seed $1.30.. Mess Pork-Per Dbl,
81 tard Per 100 3oo1 lbs $e73
$50. Dry sailed shoulders (boxed), S5.12ls
@5.25. Short clear sides boxed, $6.12Ha
@6.25. Whisky-Distillers finished goods,
per gal, $1.O2. Sugars-Unchanged Re-
corn, 100000 blu; oats. 213, 900 blu; rye,
5000 bu: barley, 5000 blu. Shipments
Flour, 10000 bbls; wheat, 10000 bu; corn,
297, 900 bu; oats. $4,000 bu; rye, 1000
bu; barley, 1000 blu. On the produce ex-
change to-day the butter market was firm;
UNCHANGED. Eggs firm at l2Lac.