St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-01-28
PUSHED UP AGAIN.
May Wheat Goes Up Full Cent on Some
Exports Which Were Made at
New York.
The Bull Clique Ezerting Itself to Give
the Appearance of General
Buying.
Hog Product Shows Continued Firm
ness, Corn and Oats Being More
Active and Ffrmer.
Adult Day on the Stock Exchange
With st. Paul Leading
Figure.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Bpecial to the Globe
CHICAGO. Jan. 27.-Wheat opened soggy
this morning. May sold down from SIC 10
3G36c with rather light trading On the de-
cline. The temper of the crowd was bear
ISL. and the scalpers went in with deter
minatiOn TO push prices toward lower
level. Softer weather and an absence OF
outside buying orders were material ald
10 the raiders. The market hung hfelessly
about S6$s @665sc for quite while, but an
advance in consOls, feeble galvanlzation OF
The war talk corpse, energetic buying OY
Hutchinson, Hancock and brokers
supposed to be acting for the Ream
party, and news that $4,000 bushels
mad been taken i'll New York Tor
export, put nerve into the market, and an
advance to SIC was the result. In few
minutes it broke &c. but later the prices
climbed to S751c, with good trading all the
way up. The market continued to pick up
fractions until SSc for May was reached.
The bears loudly declared that the profess
SIGNALS. VINO have been working the long
side Of the deal from SAGE up, were feel
ing for a hard spot to sell on, while the OPP
position pointed TO stronger cables and
seemingly steady improvement in export
inquiry for both -four and wheat at the sea-
board as the best possible proof that the
advance was legitimate. Some OF the
more conservative bulls shook their heads
and said the advance was
TOO RAPID TO BE HEALTHY.
The last half hour witnessed softening
in the market, and the concluding trades III
May on the morning session were on basis
OF S756c. This afternoon witnessed a fur
10 al afS IL
s195c for February, 80 &c for March, size
for May and SS5sc for June. There is in
teresting gossip about the wheat pit that
the present bull twist is being engineered
by prominent bull trader against another
prominent bear trader, because the latter
refused to lend aid month ago when
aid on the bull side was sorely needed.
This little feeling of an old score lends Zest
to this little whrl. But the paying off of
old scores is very poor and very unprofita-
BILE motive in speculation. This motive is
likely to prove especially improbable just
now for the reason that no bear" is likely
10 suffer for want of wheat with so, 600, 900
bushels of wheat in sight. Besides, the
bear has wheat sold from 81 down, and
is not likely to feel especially interested
until the market goes up at least 1Oc from
this point.
CHANDLER SAYS:
/ regard the let down in the market this
afternoon as an Indication of a healthy Tone
as it shows disposition On the part of hold
erS TO take profits, and therefore prevents
weak holdings from being a menace on the
break. Another indication that the market
is steadily on the up grade is the fact that
Spectators who vigorously fought the recent
decline ell the way from 92c down, are now
free sellers for reaction. This is one Of the
many things which will give us short interest
enough to prevent material decline l think
we have passed the period Of depression.
Next to nothing was doing in corn, and
several times during the forenoon the pit
was completely deserted. Fluctuations
were within "a limits. The closing was
rather weak. Oats were quiet and UNI
changed. Provisions were moderately ac-
tive in speculative way. Transactions
We're less in volume than during the periods
OF recent excitement, but on the whole
neither brokers nor the packers are having
special grounds for complaint. In pork the
prices ranged within 1256c bounds, and in
ribs and lard 215c was the range. The close
was sc over the opening in pork, and prac-
tically unchanged as to the other products
PETER BERKEY, Pres. =. w. ANDERSON. Cashier.
{. w. GRIGGs, V. Pres. A. G. ANDERSON, Asst. c.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.
Corner Fifth and Jackson streets.
The Quotations.
CHICAGO. Jan. 27-Flour more active
prices unchanged. Wheat sales ranged: Jan
uary, S05s@S21ac, closing at sl7sc; Febru-
airy, S05.@S214c, closing at &c bid; March,
81 l4@S2$4c, closing at S21ac; May, S63S@Ssc,
closing at S712@S79sc. Corn sales ranged
cash, 36lac; January, 361H03651c; February
5G15@365s, closing at 365sc; March, $3.50
36$4c, closing at 3654c; May, 401sG40$sc,
closing sellers 4O3sc. Oats steady and firm;
cash, 291aGg3934c; January, 29szc; February
nominal, 1896 bid; May 81 1880, closing at 32c
Rye quiet; No. ., 5Sc. Barley quiet; No. p
60c. Pork, market opened steadier: declined
50Tl2c under free offerings, but rallied I21Sc
closing steady; cash, SO. 75910. so; January
Sl0.S00Sl0. So, closing at $40. SIS; February
Sl9.75G1l0. S715, closing at Sl0.s5QI0s715;
March, SlO.S50l0.97%, closing at so. $50
I0.971a; May, SI0.1001I.15, closing at 1I.I5@
u.l13a. Lard steadier; cash, S6.10G6. 1215;
January, $6.10; February, Sc. 1906 1919,
closing at Sc. l21a; March, ST. 171l06.20; May,
S6.2715@6.30. Boxed meats steady; dry
sailed shoulders, S4Q4.05; short rib sides,
S5.27150 80; short clear sides, S5.65
d5.7O. Whisky steady at S1.l6.
Sugars unchanged. On the produce ex-
change butter was fair; creamery, 20Q33c;
dairy, 19@27c. Eggs dull at 10000. Re-
ceipts-Flour, 10000 bbls; wheat. q, 900 bu;
rorn, 220, 900 bu; oats, 1876, 900 bu; rye, 1000
Ou; barley, $4,000 bu. Shipments-Flour,
5000 bbls: wheat, 21,000 blu; corn, 81. 900
on; oats, 10000 bu; rye, 1000 bu; barley,
$4,000 blu. Afternoon board: Wheat weaker
and 1zc lower, May closing at s714@s7ssc.
The other markets developed no change.