St. Paul daily globe., 1889-05-03
BULL NEWS OF NO AVAIL.
In Spite Of All Influences Wheat Re-
cords Fractional Drop.
NO SURPRISES IN STOCKS
Corn and Oats Attract a Little At
tention--- Live Stock, Provisions,
and Produce.

CHICAGO, May Everybody was against
wheat to-day. There was more bull news than
on Wednesday, but there was also more sell
ing and more weakness. The delivery Of q
large quantity of wheat at New York this
morning caused May to sell 1c lower there,
and also caused selling orders to be sent here
The opening prices here were about steady,
but Jones-Kennett, Schwartz-Dupee and
several other houses were openly on the sell
ing side. There was some very fair buying
by local shorts, but prices soon yielded lSc
all around. Linn and Roche bought freely
of July at one time and stopped the
decline. There was ssc rally from the
bottom, and then towards the close there was
general selling again, and at p. m. the
market was at the lowest point of the day.
The action in July was 7SH@77asc to
7sla@777s at l o'clock. Receipts were
% cars. New York reported 20 bo at loas
taken for export. About 10000 cars of
wheat for direct export were worked here
and like amount at st. Louis. In thd
Northwest there were reports of cool and dry
weather, but at the same time they sent sell
ing orders. Clearances at New York were
1O7, 900 bushels of wheat, with 5000 barrels
and 11,GOO sacks of flour. Ten min
utes before the close July touched 77s4c in
even more weakness in wheat before the
close July sold off to 77Ac and closed
77lsc. The corn market was dull most of
the session, but there was feeling of firm
ness, due largely to the good shipping de-
mand and the market closed iac higher. Re-
ceipts were 435 cars. Oats were strong and
ranged at higher prices. closing A@
ssc better than Yesterday. Receipts
2C9 cars and $4,000 bu. by canal There
were many ups and downs in provisions.
few traders were of the opinion that Cudahy
and his following were working the market
up to sell. Armour and the Cudahy people
were liberal buyers openly. Hutchinson and
Kirkwood were also buying. Baldwin made
the markets weak temporarily at the start by
selling quite a quantity Of ribs. July pork
opened at SLIGO, weakened to S11.47,a and
then bulged to $11. 80 on the Cudahy-Armour
operations Subsequently it held fairly
steady within short distance of $11.75.
THE Days TRADING.
CHICAGO, May 2.-The wheat market was
weaker and prices ses,iH lover ~, July opened s@
lac and CLOSED 11ac lower than yesterday,
May closed 2Ac lower and June 14sc lower
than yesterday. The influences brought to
bear upon the market were favorable to both
classes of traders but the results favored the
''bear" side. Foreign and domestic markets
were weaker. On the other hand advices
from the Northwest report dry weather, and
some advices indicate irreparable da mage
from recent storms in Dakota. Corn ruled
rather quiet the greater part of the ses-
sion. though there were times when the mar
ket exhibited a moderate degree of Specula-
tive activity. The market opened shade
higher than the closing prices of yesterday
yesterday. Oats were moderately active,
stronger and higher; prices advanced See,
but closed is@1ac below the outside. Trading
was quite active in mess pork and prices
fluctuated considerably. Offerings were
quite free early. and prices receded 15@
17lac. Later quite demand prevailed and
the market exhibited considerable strength,
with liberal buying by local operators.
Prices were advanced 30@32lpc. but settled
back again 5@7lac, and closed steady. A
the market was weak, with same desire to
sell by local operators, and prices receded
2ls@5c. Later the demand improved and
prices rallied 5@7l2c. and closed compara-
lively steady at outside figures. An active
trade was reported in short ribs. Prices re-
ceded 2ls@5c. Later prices rallied 7la@1Oc,
and closed steady.
The leading futures ranged as follows:
at slice. closing at 78l2c; July. 1880.
closing at 77l9c; September, 77c, closing
at 76c; year, 76c closing at 75c. Corn-No.s
June opened at 34c, closing at Bic: July.
041Sc, closing at 34Hc; August. 30!2c. CLOS
ing at 35lac. Oats-No. June opened at
22ssc, closing at 22l2c: July, 22ssc, closing at
225sc. Mess PORK, per pbl-June opened at
$ll.45, closing ut S11.62le; July, 81 go,
closing at S11.721a; August, $11.75, closing
at $11.9212. Lard, per 100 lbs-June
opened at S6.S2I2, closing at $6.9 July,
$6.s5, closing at $6.S7Ia; August, So. 80, clos
ing at $6.92l2. Short Ribs, per 100 lbs-June
opened at $5.92l2, closing at $5.971A;
July opened at $6.82l2, closing at $6.O5;
August opened at $6. 1872, closing at SO. l2l2.
Cash quotations were as follows: Flour
steady and unchanged. No spring wheat,
79@S0c; No. 5 spring wheat, 77c: No. red,
79A@79c; No. 2 corn, 3.,a4c; No. Q oats,
223sc; No. 2 rye. 4O12c; No. 2 barley nom-
inal. No. flax seed, $l.56@1.57. Prime
timothy seed, $l.35. Mess pork-Per bbl,
Sl1 .5GM11.55. Lard-Per 100 lbs, Sc S0N
6.S2ls. Short Ribs-Sides Qoose), Sc. .90@6.
Shoulders-Dry salted shoulders (boxed),
S5.25@5.5O. Short Clear Sides-(boxed).
Sc 25@6. 37h. Whisky-Distillers' finished
goods, per gal. $1.O2. Sugars-Cut loaf, SIS
@9Ac; granulated, sssc; standard A, 8asc.
Receipts-Flour 2O,OOU bbls; wheat, IA, 900
bu: corn, 256,OUO bu; oats, 23S.O0O bu;
rye. l3.OOu blu; barley, 25.OOO bu. Ship
ments-Flour, 5000 bbls; wheat, 10000
bu; corn. 489,OOO bu; oats, 23l 900 bu;
rye, 5000 bu; barley, 5000 bu. On the
produce exchange to-day the butter market
was steady; fancy creamery, 2l@22c; good
to choice, 1920; fine dairy, 19@2Oc; fair
to good, 14@l7. Eggs firm; 1O1a@11.
r. M. NEWPORT & SON,