St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-04
The COMMERCIAL RECORD.
The Early Market Was Given Up to De-
iveries on January
Contracts.
Public Cables Do Not Note Any De-
cline in Prices What
ever.
Transactions in the Financial Circles
OF Wall Street.-The General
Quotations.

CHICAGO, Jan. o. Ne LISt AouA WIS AAoiA
ing was given up to deliveries of January
contracts. Half the time would have SUI
feed No corn or oats came out, and de-
lyeries of provisions were light. Most of the
pork, lard and ribs wentcrosslotS, that is,
through the offices of wheat between 800
and go, 900 bu passed around. New York
opened l2c off for wheat, and declined an
other lac early in the day on weak private
cables Public cables do not note any de-
cline in prices. On the curb here this morn
ing May opened at SEC and sold off to Solsc
The Official opening was S0Ssc. Toledo, 81.
Louis and other Western markets did not
reflect The weakness at tide water. May corn
opened at 54Ssc, and May pork at $1,000
15.71I3. Trade was small, and the market
acted sleepy after the triple holiday. The
speculative tendency of the wheat market
was not at any time bulliSh, and at one stage
OF the session May touched S3c, shrink
age of lie from Fridays closing.
This break followed on selling by
Bloom. There was l2c reaction
later, and the tone of the market under
went some little improvement toward the
close of the session, but viewed as whole
the market was a disappointment TO the
bulls, who cannot understand why wheat
should not have its boom like everything
else. The visible supply, as announced to-
day, is "A, 42l ,99s bu, against 62, 729,51O bu
year ago. This total shows an increase for
the week of l74,372 bu, and probably marks
high tide on the crop. The movement was
nearly month late getting started last fall,
however, and the Accommodations may keep
up 4 month later at the fag end of the move
ment This is mentioned as a hedge. Really
the big end of the movement is over, accord
ing 70 popular statistical belief. Corn and
provisions were strong. May corn settled
below 54c once or twice during the day, but
the average was above 55c and once touched
55Iac. Trade was of volume, but buyers out
numbered sellers two to one, and speculative
offerings were light The visible supply in
creased 277000 bu on the week.
Strength was the ruling characteristic of
tie provision market. There were no signs
of abnormal activity but good substantial
buying on a scale that cannot be called small.
May pork was once quoted at So. so, and
May lard started at $500. These were top
figures; at the afternoon session, the grain
markets were week and lower. Private cables
were received to the effect that stocks of
wheat in the united kingdom had been largely
underestimate. The temper Of the local
crowd was also bearish. Wheat declined
ssSI S4c and corn SsGl2c, oats lac and pork
Zoe. $50 p. N. prices: Wheat-January,
775sc: February, 7S5sc; March, 79lSc; May,
5I!Sc. Oats-May. soc. Pork-January,
Sl5.25; February, Sl5.35; May, S15.75.
Lar!-January. ST.S5; February, $3.50;
March. S7.97l2; May, SS.1@l2@S.15. Short
Iibs-JanuaIy, $50: February, S7.95;
March, s.; May, $S17l2.
ROUTINE REPORT.
CHICAGO. Jan. 3.-Nheat values to-day
were lower and corn and pork were higher
IA nj g. a. q iONVnr
of wheat was due to the fact that Liverpool
and New York quoted in lower May opened
al >5$sc. against close Oh Friday at SJ7SGl
ste Pork opened higher on the light re-
ccipts of hogs; May pork started in Toe
higher at Sl5.T5. Corn opened off with
wheat. but Immediately advanced. in sympa-
thy with the pork market. May corn opened
Ilc lower at J4s4c but it Immediately after
cries OF wheat were fairly large, but of corn
and pork were very light. Hardly any
corn went around. Lard deliveries were
moderately heavy. In the first hour there
was free selling of long wheat which took
the price down to soc. 1t then went up to
$3.50. but trading was light. Corn was a
very firm market. The early bulge did not
stop unlilzprices had reached 5514M55Ssc for
May. The estimate of Il cars as the receipts
for 10 morrow, the weakness of wheat and
heavy selling caused a decline to 81 sc, but
plenty OF buying orders were brought out on
the decline. May was speedily rushed up to
Provisions were steady, but there was no
trading of especial significance The market
for lard was strong on the light stock abroad.
Fluctuations in May pork were between
Sl5.TCM 1850. and lard moved in about the
Same proportion.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. ., January, 7S4c, closing at
T15sc; February, 191sc, closing at 7SSSc;
March, 1859, closing at 19l8c; May. S5Ssc,
closing at S45Sc. Corn-No. 2, january
495sc, closing at 49ssc; February, 5Ol4c,
closing at 49S4c; March, 50SSc, closing at
Boise; May, 5434c, closing at 517sc Oats
No. ., january, 3l5sc; February, 3158c; May,
S47Sc, closing at Soc. Mess Pork, per Dbl
January. 5000, closing at S15.25; Febru-
airy. Sl3.35. closing at S15.35; May, S15.75,
1885. closing at $3.50; March, S., closing
atS7.91l2c; May, So. 17l2, closing at s.. 12l2.
Short Ribs. per 100 lbs-January, 81 so,
Ct $40; March, S., closing at So;
Cash quotations We're as follows: Flour,
prices firm and unchanged. No. 2 spring
1880 1850; No. oats, 31l2@31s4c; No. 2
rye, 6ll206 2c: No. barley. 730S3c; No. l,
fax seed, Sl.39; prime timothy seed, 50. 40;
mess pork, per bbl, S15.3C@15.35; lard. per
100 lbs, I.S!l2@4 80; short ribs sides
Qoosel- 50; dry salted shoulders (boxed),
So. 1OG6. 10: short clear sides (boxed), So 20
QS.25; -whiskey, distillers finished goods,
per gal, Sl-lO; sugars, cut loaf, 7s4@oAc;
graduated, 1c5c; standard "a" &c: Re
ceipts-Flour, $4,000 bbls; wheat $1,000
blu; corn, 10000 bu; oats, $4,000 bu; rye,
1000 bu; barley, $4,000 blu. Shipments
Flour, 10000 bbls; wheat $4,000 bu; corn;
$4,000 bu: oats, 10000 bu; rye, 6OU bue
barley, $4,000 bu. On the produce exchangy
to-day the butter market was quiet: fame.
creamery, 29@31c; extra da Try, 23Ia@26c
Eggs, 22@23c.