St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-17
THE COMMERCIAL RECORD
There Was Little Snap to ANY Of the
Markets at the Opening in Chi
cago Yesterday.
However, Although Provisions We're
Quiet, There Was an Undert0ne
of Strength.
Transactions In the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.


CHICAGO Jan. 16.-The provision pit was
crowded this morning. Everybody was
standing around with an air of expectancy
and doing nothing. In fact the whole pit
was enveloped i'll an atmosphere Of expect
ancy eleven feet thick. The traders uwere
waiting for Leopold Bloom to show up, but
he did not put i'll an appearance at all.
What is the Bloom syndicate going to do,
now that its hand has been exposed?" was
the query on every tongue. The answer
could not be read in the stars or anywhere
else. "Will Leopold let go, or play his hand
through? was about all there was to the
pork market this morning. Leopold is keep
ing the crowd guessing, and meanwhile he is
saving his wood in his artless Judean style.
Leopold is going away prattles Simple
Simon, his brother, and Moses, the father.
echoes; Eyes, dot is so; Leopold is out Of
pork, so help u.s. ut is Armour's deal,''
senteniously remarks Leopold, and from the
Home Insurance building there issues chill
ing voice, 81 will teach the cuss not to use
my name i'll vain.'' The big fellows are get
ting desperately in earnest. The open
play is
AS GOOD AS SHOW.
Price fluctuations were small this morning.
pork for May ranging at Sl5. 17l2@l5. 12l2
lard $7.7O@765, and ribs S7.97l2@D7.95.
The only life to the deal to-day was between
- and l o'clock, when some of the scalping
sports caused a little furry by their efforts to
cover. Geddes, who bought % 600 tierces of
lard, sold by SchwarZ, Dupee d Co. for Blooms
account, gave the market a start by buying q
lot of lard at S7.62la@D$7.65. Bloom was
merely changing brokers when he sold the lard
that stood OH Schwarz, Dupee 4 Co.'S books,
and Geddes is supposed to have been acting
him w
Wright d Singer were selling lard wlen they
knew how he stood. and SO he determined to
put his trades where they could not find out
about them. Well, when Geddes began buy
ing there was scattering of little fellows
and they ran up the price of pork on them
selves to $I5.25, but the market soon eased
off again to $15.13@15.171a. There was
considerable excitement in the pit, but
it was ephemeral. The sparkle was soon
out of the market, leaving the pit dead
again. Nothing has caused as much talk on
the floor for long time as the Mails story of
the true inwardness of the deal. Grain was
quiet There was remarkably light trading
in the pit, and no news. May wheat ranged
S41S@S4s5c early, and May corn 54ls@54Ac.
The visible supply figures showed decrease
of Gil, 900 bus. i'll wheat; 555. 900 bu in
| corn. and 211 900 bu in oats. Atlantic
| ports exports of wheat and -four for the
| week were equivalent to 1,715,OOO bu
| against 1854, 900 blu for the correspond
| ing week last year. Trading in the pits
| was light all forenoon, and no features of
| startling interest or of especial importance
| developed. AT the afternoon board the mar
| ket was steady, and prices were well sus-
rained. 2:2O p. III. prices: Wheat-January,
| 77s4c; February. 7Sc; March. 7S34c; May,
| S4Ac. Con-January. 49c; February, 49c;
| March, 1880; May, 54Ac. Oats-January
| and February, Sic; May, 34Ac. Pork.
January, $l4.95; May, $15.25. Lard-Jan
uary, $7.37A; February, $40; March,
| $3.50; May, $7.65. Short Ribs-January,
S7.67l2; February, S7.7o; March, $3.50;
May, $7.97I2.
THE ROUTINE REPORT.
CHICAGO, Jan. 16.-There was little snap to
| any of the markets at the opening of the
| board to-day, and all of the pits were quiet.
| May wheat started lsc higher at S4Ac. The
| lowest point the wheat market touched was
! S37Sc. The decrease i'll the visible was only
| $4,000 blu, but it did not weaken the mar.
| ket any, as it was expected 1T would. The
whole market, to sum up briefly, was con
| trolled by Saturdays transactions in .privi-
| leges The highest May touched was Sl14c,
| at which it closed. Corn was absolutely
! featureless. May opened at 54!sc, and
| closing at the latter figure. While provisions
were rather quiet, there was still an undertone
of strength to the market. AS the session
! advanced it was developed that there were
| some very good buying orders for pork
around SIS. 10, and May did not touch this
| figure, except momentarily, but once during
| the morning. There were several bulges to
| SIS 7l2, which was the opening price and
lard sold at 81 .6O@7.7O, and closed at $7.65:
| May short ribs sold at $7.9O@7.97l2, and
closed at the latter figure. The visible sop
| ply of grain on Jan. IT, as compiled by the
h0a1 6n &c
| follows: Wheat, 43,243,356 bu; decrease,
| 613,3s3 bu; corn, 6,953. 1874 blu; increase,
| $50, 400 bu; oats, 5,751 PSI blu; decrease,
| 211,OS9 bu.
Wheat-No January, 77s4c, closing at
| 7734c; February, Use, closing at 7Sc; March,
7ss4e, closing at 7sS4c; May. s4Ac, closing
at s4 d GoInmNo. January, 4ss4e, closing
March, 49Ac, closing at 1880: May, 54lsc,
| closing at 5414c. Oats-NO. 2 February, Sic;
May, 34lsc, closing at 34Ac: Mess Pork,
May, SIS 17Ia, closing ct SIS % Lard per
| 100 lbs-January, 1915, closing at $7.3712;
February, $7.37l2, closing at $40; March,
s7s5o closing at $50; May $40 closing
closing at S7.70: March, $50. clos,
ing at $3.50; May, S7'95, closing at 81. 97l2.
Cash quotations were as follows: Flour
79Ac; No. 3 spring. $4,000; No 2 red,
92c Corn-No. 2, isaac. Oats-No. 3 31@
31l2c. Rye-No. 9, 6212c. Barley-No. 2,
Seed-Prime S2.47@2.49. Pork-Mess, per
Dbl, S1475@l14.9O. Lard-Per 100 TBS.
81 371.. Short Ribs-Sides Qoose), $3.50
| 18TH: dry sailed shoulders (boxed), s. 90
@6; short clear sides (boxed), ss.15@s.2o.
| Whisky-Distillers' finished goods, per gal,
| $1.1O Sugars-Cut loaf, S@SI2c: granu-
lated, 7lac; standard "a 7c. Receipts
Flour, $1,000 bbls; wheat, 81 900 bu; corn,
| $4,000 bu; oats, 81 900 bu; rye, 1000 bu:
| barley "a, 600 blu. Shipments-Flour, TO-
| 600 bbls; wheat, 1900 bu: corn, 81 900
| bu; oats, $4,000 bu; rye, 5000 bu; barley,
2l,Oo0 bn On the produce exchange TO-
| for creamery. Eggs-17@1Sc.
r. M. NEWPORT & SON,
Investment Bankers.
| L. IL L..