St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-03-28
WEDNESDAYS MARKETS.
HAY Wheat Neglected and Attention
Transferred to the July Option.
The FLUCTUATIONS NARROW
And the Session Decidedly Dull One
Observation-Disclosures and
Stocks.

CHICAGO, March 27.-A moderate
business was transacted in wheat TO-
day and the market ruled rather quiet
most of the session, only occasionally
relieved from dizziness by temporary
spurts of trading. For May delivery
business was slow, trading centeripg
mainly in July, in which affair business
was transacted in the aggregate. May
opened 3a@114c higher, declined with
some fluctuations 2s4c, advanced DC.
closing sc lower than yesterday. June
advanced sc, declined 1c and closed &c
lower. July opened T@l4c higher,
declined 11sc, rallied &c, closing
&c higher. Many operators closed
their May trades. while July
seems to be gaining more attention.
The prolonged absence of rain and talk
of too dry weather in some sections OF
the winter wheat states has Influenced
buying for the new crop futures, and
evidently was the basis on which the
advance was established. Corn was
moderately active at times, though most
of the session the market ruled quiet.
The feeling on the whole was firmer,
and slightly higher prices were estab-
lished. Opening sales were shade
terday. influenced some by the moder-
ate receipts, eased off re on selling by
prominent local operate; reacted 5sc,
became steady and closed shade high
er than yesterday. The activity and
strength noted in oats yesterday
was continued to-day on an en-
larged scale, and ali advance
was recorded. The bulge was due en-
tirely to the maneuverS of local Oper-
ators, who, after allowing arecession of
1s@4c. soon after the opening. took
IaII l~1,, III ID e,fo ,,fn
the shorts into buying. A few outside
buying orders were also received. and
prices were bid up q for May and so
&c for June, with heavy trading. The
bulge brought out a good many lines of
"loDg" stuff, the Milwaukee bull party
being created with selling the largest
quantity. A recession of &c followed,
and the market closed steady at about
yesterdays closing sales. Trading was
quite brisk in pork during the
greater portion of the day. Open
ing sales were made at sc decline,
and further reduction of sore was
submitted to, with comparatively light
trading. Later the demand improved
ductiOn of 215005c was acceded to to-
wards the close and the market ruled
quiet. A fairly active speculative trade
was reported in lard and the feeling was
stronger. The market opened firm at
21z@5c advance, but soon weakened
and prices receded slightly. Later the
demand improved and prices rallied
6(9719c, receded again 219@5c, closing
steady. Short ribs were more active
end strong. with an advance of 211S@5c.
PRICES FOR THE DAY.
The leading futures ranged as follows:
Wheat-No. 2 May opened at sl.025s.
OF
96&c, closing at 95Ac; July opened
at S9@sc, closing at soc; year closed at
BOs4c. Corn-No. 2 April opened at
941sc, closing at 35c; May opened at
358<c, closing at 35s4c; June opened at
$500, closing at 35}5c. Oats-No. Q
May opened at $3.50. closing at 26sSc;
June opened at 255sc, closing at 25slc;
July opened at 255sc, closing at 251Sc.
Mess Pork (Der bbD-May opened at
1890, closing at SJ2.771a; June opened
Mt S12.65, closing at $3.50: July opened
at sl2.75, closing at s12,s7H: Lard Qper
100 lbs)-May opened at $7.121a, closing
at $40: June opened at S7.15. closing
at $7.15: July opened at S7.1715, closing
at $3.50. Short Ribs (per 100 lbs)-May
opened at $685., closing at $3.50; June
opened at S6.37135 closing at $40; July
opened at S6.421a, closing at S6.47115.
Cash quotations were as follows: Flour
-Nominally unchanged. Wheat-No. 2
spring, 990991sc; No. spring, sSc:
No. red. 99@9911sc. Corn-No. 2, $500
B45sc. Oats--No. 2, 254c. Rye-No. 2.
4212c. Barley-No. 2. nominal. Flax
beed-No. 1, sl.51. Timothy Seed
Prime, Sl.35. Mess Pork-Per bbl, s12.7O
@12.75. Lard-Per 100 lbs. $7.O5@s7. O71l.
Short Ribs-Sides Qoose) S6.30@635.
Shoulders = (boxed). S5.5O@5.75. Short
Clear = Sides boxed, S6.6215@6.75.
Whisky-Distillers' finished goods, per
gal. s1.0S. Sugar. cut, loaf Unchanged.
Receipts-Flour. 5000 blu; Wheat. 49,
900 blu; corn, 213,0O0 bu; oats, $4,000
bu; rye, 1000 blu: barley, $4,000 bu.
Shipments-Flour.7 1000 bbls; wheat. 49,
900 bu; corn, $4,000 blu; oats, 61,OOO
blu; rye, 1900 bu; barley, $4,000 blu.
On the produce exchange to-day the
butter market was easy and I'M
changed. Eggs weak at 109101ac.
r. M. NEWPORT & SON,
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