St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-30
January Oats Strangely and Un expecte oil
Advance Nearly Three Gents
Bushel.
A Corner in the January Option Quietly
Worked at the End of
the Month.
wheat Quiet. Corn Slightly Lower
and Provisions A. tfve With
out Much Change.
The Vanderbflts Gain at the Expense
of the Granger Stocks in
Wall Street.
Chicago Grain and Provisions.

Special to the GlODe.
CHICAGO, Jan. 29.-There were two IN
cidents which created fiurries on the moor
to-day-a large shipment OF wheat Tor eS-
port and an advance of PIC bushel In
January oats. Orr, Crittenden d Comes
worked to-day from Buffalo 200, 600 bushels
through Bingham at New York for Buffalo.
This is the largest shipment of wheat for ex-
port from New York for months. The hrm
had 500. 600 bushels at Buffalo. which 1t
had moved down there by lake before the
close of navigation. Three hundred thous-
and bushels of this had been taken by local
millers Bingham, the exporter, TOOK the
300 600 balance this morning. 1t VIII go
over to the West Shore. Wheat was lower
to-day and the preponderance of talk was
bearish. Gables were dull.
MILLERs AND FLOUR MERCHANTS
reported an absence of orders and glut in
the seaboard and interior markets. Local
statisticians do not anticipate decrease IN
the visible supply this week to exceed 75O,-
600 bushels, for the reason that the advance
checked the outgoing movement TO con-
siderable extent, and the gossips have 1t
that the local professionals who worked
the long side of the market for time, have
sold out on the crowd and are awaiting
hold again. The wiseacreS are impressed
with the idea that the program of the heavy
weight operators is to buy on breaks and
not sell on bulges as heretofore. and they
argue that the aforesaid heavy-weights,
having sold out their wheat at the top,
could not be induced to go the other way.
FOR LOVE OR MONEY.
The supper givento . the wheat market
was scattering and unorganiZed. Local
business was light, and the run of outside
orders not being heavy, quiet settled down
upon the pit, the scalpers running things to
suit themselves. DRY rot seems to have
struck the play this forenoon" said dis
gusted broker just back from an unsuccess-
full pursuit after an order. Wheat openeN
a C off, sold down &c. rallied sc, dropped
&c, advanced 35c and closed at o'clock
35@1Ec lower than yesterday. To put it
III another way, May opened at
s614c, dropped to S515c, advanced
closed at soc. Wheat was rather
easier on the afternoon board, but only
shade lower. The situation in oats is said
TO be this: Lamson Bros. have quietly
picked up all the cash oats which they
piously assert is held for shipment. There
are some January shorts, and these have
just gotten
ONTO THE SITUATION.
January to-day sold up to 32s<c with
more for sale, actually above May and
several cents premium over February. There
was at o'clock as big crowd in oats as in
pork, and for fifteen minutes after the
close the crowd hung there bidding for stuff
which nobody would sell. The shortage is
an unknown quantity OF course,
but is supposed to aggregate several
hundred thousand bushels. On the late
board January advanced &c. the market
closing strong at best figures of the day, at
33c for January, 291sc for February, and
31Tsc for May. Corn continues dull, with
no disposition on the part of the bulls TO
support the market Receipts were lighter
than exports-106 cars-and 245 cars were
estimated for tomorrow. Offerings of fu-
lures were liberal and prices declined
at 401Sc. February sold 364@36Tc, and
closed at 36Hc, decline of re on Febru-
airy and sc on May, from yesterday.
PROVISIONS.
were again quiet, and prices for mess pork
and lard were easier and ribs steady. At
the close there was a feeling of firmness,
the early decline OH mess pork being re-
gained, and short ribs closed a trife higher
than yesterday. Mess pork for May
opened at 81. O5. and sales were at SO. 9715
@1LO715, closing at S11.07H. February
closed at S1OS5, March at 5000, and
April at $1O.9719, Lard closed at $6.071S
for February, Sc. 1917 for March, Sc. Is for
April, and S6.2219 for May. Sales for
May were at $6.2O@6.221I. Short ribs for
May sold at S5. 45@5. so and closed at the lat
ter figure. The stock of pork on Feb. will,
it is figured, be not far from $50. 600 barrels
regular and 300, 900 barrels of all kinds
The largest stock ever held here was about
$50, 600 barrels, and counting in the new
and the old. The stock here next Monday
will be the largest ever held here Jan. 81.
The recent purchases for the account of +.
A. Howe are still the matter about which
provision spectators feel the greatest curl
Osity and the most anxiety.
PETER BERKEY. Pres. +. w. ANDERSON Cashier.
c. w. GRIGGs, V. Pres. A. C. ANDERSON, Asst C.
THE ST. PAUL NATIONAL BANK,
CAPITAL. $685.