St. Paul daily globe., 1889-02-20
THE COMMERCIAL RECORD.
Bia Operators Bid for May Wheat and
the Price Advances Two
Points.
Corn Lower, Oats Quiet and Declining,
Provisions Sticking in the Old
Rut.
Financial Operations in the Monetary
Centers--.The General Quo
tations.
gnecial TO the Globe.

Special TO the Globe.
CHICAGO, Feb. 19.-Opening prices
Oh change were little changed from the
close on Monday. The first action OF
the morning was decline. May wheat
opened at S1O9$l. touched Sl.10, went
OFF to 81. .0S3s, and after holding around
Sl.09 for an hour or two bulged up 10
SILK lust before II o'clock. 1t was
lust thirty minutes before the close OF
the session when May wheat touched
SLIP without any great excitement III
the pit. The market all day was sensI-
tive one minute and stubborn the next.
AS stated, the opening was steady, fol-
lowed by quite sharp decline. inns
was brought about by heavy and con-
tinued selling by Schwartz Il Dupee,
and three or four other parties, all sup
posed to be Offering wheat for bloom.
On these sales the price of May de-
clined to S1.0S$i, the lowest point or
the day. There was a little
reaction at once to $1.00. and
before noon Baldwin Il Farnum
and few others began bidding for
wheat. The price Went from $1.09 to
Sill in few minutes, and with total
sales of less than 100000 bushels on the
second advance. When the bidding
stopped the prices settled back to
e1.1OM, until the latter bulge came at
i2:45 p. m., and the indicator jumped to
sl12, with a reaction to Sl.11$$4 at p.
NJ. Wheat closed g cents under the
outside prices for May, at s1.111a, or
about two cents over last night. A sale
Of 100000 bushels of No. 2 northern was
reported here to-day at price about z
cents over May. 1t was to go to Buffalo.
Receipts were 90 cars. There was con-
siderable activity in corn. Selling was
free and prices ranged lower. Receipts
572 cars. Oats were quiet, with May at
trife lower. Receipts 100 cars. Pro-
visions opened 215 cents higher. There
was decline to the closing prices of
last night before noon, and at the close
prices were just where they opened.
THE ROUTINE REPORT.
CHICAGO. Feb. ia nervous, nn-
settled feeling existed to-day in wheat.
Trading was fairly active but spas
matte. The governing power, mo no
doubt, was local speculation. The
opening for May was slightly better than
yesterdays closing, advancing 38c,
ruled irregular and weak and finally
sold off 19sc, then rallied sharply, adj
vancing &c, broke off %c, again ad-
vanced 1$4c, ruled irregular and closed
l5sc higher than yesterday. The early
strength was possibly influenced by the
change to colder weather. and in the
reported decrease by BeerbOhm of wheat
OH ocean passage. But market advices
were of an unfavorable tenor. Soon
after the opening it was discovered
that there was fair quantity of wheat
in the market, and upon an effort being
made to sell prices quickly declined.
Then when parties who sold early
undertook to get their wheat back, they
found the offerings light. land the market
quickly responded to the demand in
the sharp advance noted. The i'm
provement was helped some by a report
that some wheat had been taken at
New York fol Glasgow, and that there
was better demand for cargoeS of
California wheat. There was fair
business in corn, the trading being
more general than of late. The feeling
developed was weaker, and lower
range of prices was established. Oats
was fairly active but weaker, suffering
decline of 55014c and closed steady
at about &c lower. A fair business was
done in hog products and steadier
feeling prevailed than for several days
past. Offerings were not very large
and the inquiry was fairly active, local
operators purchasing mess pork and
outside parties taking moderate quanti-
ties of lard and short ribs. Pork ad-
vanced 715(d10c early. but settled back
2190l5c and closed comparatively steady.
Lard and ribs ruled 212@5c higher and
closed steady.
THE GENERAL QUOTATIONS.
Wheat-No. 2. February closed at
s1.os4; March closed at s1.O94; May
opened at $1.09$4, closing at S1.l115;
Corn-No. 2 February opened at 34c,
closing at 33%c; March, 341lc, closing
at size; May opened at 3519c, closing
at 3535c. Oats-No. 2 February closing
at 2519c: March closing at 25$lc; May,
opened at 27$4c, closing at 27}5c. Mess
Pork (per bbl)-February closed at .05;
March closed at S1105; May. opened
at S11.25, closing at$11.25. Lard (per 100
lbS)-February opened at s6.52115, closing
at $655; March opened at S6.55, closing
at $6.57]5: May opened at S6.671I,
closing at S6.6719. Short Ribs (per
100 lbs)-February closed at $3.50;
March opened at $3.50. closing at
$3.50; May, S5.971a. closing at S5.97115.
Cash quotations were as follows: Flour
firm and unchanged. Wheat - No.
spring, Sl.0S@l.0s14; No. 3 spring, 80
@9519c; No. red, Sl.OS@1 .0S4. Corn
No. 2 SS5sc. Oats-No. 2, 2515c. Rye
No. 2, 434C044c. Barley-No.2 nominal.
Flax seed--No. /, Sl.5S. Prime timothy
seed, S1.43@1,44. Mess pork, per bbl,
$l1.05@1.10. Lard, per 100 lbs, $500.
Short ribs sides QoOsel, S5.e5(05.95.
Whisky-Distillers' finished goods, per
gal, $1.03. Receipts-Flour, $1,000 bbls;
wheat, Al 600 bu: corn. 215.000 bu; oats,
$4,000 bu; rye, 5000 bu; barley, $4,000
bu. hipments-Flour.9 6. 900 bbls; wheat,
$4,000 bu; corn, 216,00o bu; oats, 1872, 2,00O
bu; rye, 5000 bu; barley, $4,000 bu.
On the produce exchange to-day the
butter market was unchanged and eggs
Nyaol-. 1oIO121[a