St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-05-07
VERY GAY AT THE START.
The Crowd Becomes Cautious Later in
the Day, and Prices Dwindle.
NARROW AND SENSITIVE >
Expresses the Condition Of Mondays
Wheat Market All Day---StoCks
and Provisions.
Special to the Globe.

Special to the Globe.
CHICAGO, ILL.,. May 6.-The wheat market
was firm and active at the opening. and there
was decided bulge in the first few mlnutes'
Later in the day the market was kept Wlthln
bounds by the fears of the crowd. That gen
eral rains are needed there is no doubt. the
continued dry weather in the wheat belt
started the market higher and caused the
early sharp advance. Later III the forenoon
the prevailing winds and appearances lndl-
Gated rain, and fearing a break the crowd
fastened TO sell out This let prices down
pretty near to the opening figures, but still
I26s4c above the close Saturday.
Again before l p. m. the crowd took courage
and took wheat, aud prices went up to the
best points OF the day. There were
also some outside orders reported. Re-
eeipts were % cars, with ears
No = grade The weekly statement
of the visible supply gave decrease
of III, 900 bu The decrease here was SCI
600 bu. and the stock remaining 3,S03.0oO
bu in regular elevators. New York cleared
no wheat and only about 5000 bbls of flour.
The wheat market continued narrow and
sensitive TO the close. The corn market was
the dullest for many days. There was no
disposition to sell, and light buying caused
some advance in prices and gave the appear
auce of a strong market. The gains early
amounted to about lac for all futures, with
the close very nearly al best prices. Receipts,
39S ears. The visible supply decreased No.
600 bu. The decrease here was l, 235, 600
bu.. and the stock here 3, 754,0 900 bu. Oats
were strong and the trading was light Spec
ulatorS were unwilling TO sell on account of
dry weather. Provisions were stronger ana
higher on a good demand. Cudahy and
Armour were buying. Last sales were 1oc
higher on pork, 5@7l2e higher on lard, and
7l20IOe higher on short ribs.
To-DAY's TRADING.
CHICAGO. May 6.-Speculative trading in
wheat to-day again hinged on the weather
and on the contradictory reports received.
the market during most of the session ruling
quiet In the absence of general rain, how
ever, operators were not disposed to sell: in
fact, the buying exceeded the selling ana a
higher range of prices was established. The
opening was s401Ssc higher and advanced
lc more, declined 1sSc and closed about 1l2c
higher than Saturday. July opened 5s@s4c
higher, advanced l2c, fluctuated within
small range and closed about 34c higher than
Saturday ong IA % eorn ansasons
being chiefly local and fluctuations
limited to Ss@l2c range. The feeling
was firm and trading at slightly advanced
prices. Oats were active, stronger and
higher. Interest centered chiefly in June
and July, which advanced 5s@a4c. Offer
inss were moderate, but on the bulge they
increased slightly and reaction OF Csc toll
lowed but the close was firm at $50 34c above
Saturday. The feeling was somewhat nerv
Gus and unsettled in hog products, and prices
fluctualed considerably, within moderate
range. The market opened rather weak,
showing later considerable temporary
strength. About the middle of the session
the feeling was easier and prices settled back
again to. medium figures, but toward the
close considerable strength developed, and
prices were well supported.
The leading futures ranged as follows
The quotations: Wheat-No. 2 June opened
at Sl5sc, closing at S24c; July TSSSc. clos
ing at 7S5sc: August 1885, closing at 7714c;
opened at 34l4c closing at 34l2c; July 35c,
closing at 35lsc; August 35c. closing at
357sc. Oats-No. = June opened at 227sc,
closing at 23Ssc; July 23c. closing at 233sc.
Sll,42l2, closing at Sl1.6o: July sl1.5U,
closing at Sl1.70: August. S11 62l2. closing
al S1l so. Lard (per 100 lbs)-June opened
at S6.72l2, elosingo at So. 50; July, S6.s2l2
closing NJ $3.50; August $500, closing at
S6.95. Sh ort ribs (per 100 lbs)-May closed
at So 81 j me opened at S.. 95l2 closing as
S597L; July S592l2. closing at S6.O212;
August, S6.02l2, closing at 500.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No2 spring,
C-h2C. NJ. - plluS- IOC. NJ. = Itu. O-f2C.
Corn-No. 2, slice Oats-No 2. 23c. Rye
No. 2, 40s4c. Barley-No. 2, none. Flax
Seed-No. l, S1.55. Pure timothy seed,
s1.30@1,3 2. Mess Pork-Per Dbl. $1,000
ll.55. Lard-Per 100 lbs. S6.77l2@6 80.
Short ribs sides Qoose). S5.9712615. 90. Dry
sailed shoulders (boxed). S.. 2o@D5. so. Short
clear sides [boxedl, S6.25@637l2. Whisky
Distillers' finished goods, perngal, S1.O2.
Sugars unchanged. Receipts-Flour. 5000
bbls; wheat, 10000 bu; corn, 10000 bu;
oats, $4,000 bu; rye, 5000 bu; barley,
$4,000 blu. hipments-Flonr 10000 bbls;
wheat so, 600 bu; corn, 100000 bu; oats,
bu. On the produce re e0 exchange today the
butter market was very weak; fancy cream
cry, 20@2lc; choice to fine, 17@1Sc; fine
diaries, 46@Gl9c; fair to good, 12@l4c. Eggs
firm OF Jlom1