St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-24
Grain and Provisions Steady at About
Saturdays Closing Quota
tons.
No New Outside Support and the
Local Talent Very
Quiet.
Transactions In the Financial Circles
of Wall Street.-The General
Quotations.

weakness and prices went of. May wheat
sold down early from S3c TO S2Ssc. May corn
from 53s4c TO 53I2c, and May pork from
Sl462I2 10 Sl4.52ls. Trade was no where
very lively. Outside news was scarce ana
outside orders scarcer. Local features were
uneXciting, but the tendency OF the crowd
was beariSh on everything. Corn displayed
no strength and the buoyancy that was ms
played on Friday and Saturday was entirely
lacking. The shorts are over their scare, ana
its again becoming fashionable 10 sell, sell,
sell. The first thing 10 display aggravated
symptoms of genuine weakness was pork.
The market did not rest long at Sl4.32ls.
Grain commission merchants rippled over
the edge of the pit with go to 800 barrels
selling orders. Finding no demand they
offered property below ruling quotations,
and the first thing anybody knew the price
was down TO S14.25. BY that time the pit
had filed with an excited throng of jostling
brokers and there was trading. At the break
good houses came TO the rescue and turned
the market up. The price Of pork climbed
to S1437I2, but on the advance
Of foreign again sold into round
figures and a season of depres-
sion followed Values found the low
est previous range, pork being quoted at
sl425; lard for May ut S7.53, and ribs at
$40. 4 canvass among about dozen rep
resenlatiye commission houses by your re-
porter disclosed the fact that country hold
ings are less by fully one-half than they were
before the break from Sl5.25. Country men
generally secured their plotitS. Of these who
are still in a vast majority are still playing on
velvet, having gone in at an early stage OF
the advance and chung right on. There has
been next TO no buying Of provisions since
pork started on the down grade until to-day.
On the first plunge the country kept out en-
tirely, but this morning commission houses
were receiving moderate outside buying or
ders around the bottom. The holdings are
largely concentrated, however, between New
York and Chicago. The changes were as
follows on the week: Wheat, $50, l21 bush
els in the visible supply: decrease, corn,
$500 bu. decrease; oats, l00,2S6 blu. de-
crease; rye, 1882 blu. increase; barley,
229,339 bu. decrease. Local stocks include,
5,402. l05 bu. of wheat; ], 294, 2S2 bu. corn,
9I7.5O5 bu. of oats. The total local stocks
of grain are 1914, 765 bu. against S,1O2,613
bu. a week ago. The decrease in
wheat was rather larger than antici-
pated, but the figures did not
give courage TO me bulls. The market con-
tinued weak to the end of the long session.
touched 53c The grain markets were heavy
as lead. There is next TO no new outside
support, and the local talent is getting into
the old rut. The wheat sellers are not putting
out huge lines as they did formerly, but they
are pegging away in the same ola lines, sell
ing a little and resting on their oars and
waiting for the decline which they feel NOR
ally certain TO ensue This policy has been
the winning one for several weeks. There is
a large open trust in both wheat and corn,
but so long as fluctuations are within narrow
limits operators prefer to rest quietly. They
do not make fresh ventures or close out open
deals. The trade is in very unsatisfactory
state for commission merchants and brokers.
In none of the pits was there evidence OF
special support at the break, and the closing
quotations AT / o clock were practically at the
bottom all around, with general weakness
the prevailing feature. At the afternoon
session there was continued pounding of the
market by the bears, but transactions were
light and prices declined bur irifle from the
p. m. prices. Mess pork was shade easier;
2:3O p. m. prices: Wheat, January and Feb
ruary, 76c; March, 76s4c; May, seize. Corn,
January and February, 477Sc; March, 4SIsc
May, 52S4@527s. Oats, May, 33c. Pork,
January and February, Sl3.S5; May, S1425
G14.27I2. Lard, January and February,
S7.35; March, S7.42l2; May, S7.55. Short
ribs, January ard February, $7.42l2; March,
$50; May, S7.65@7 .67ls.
THE ROUTINE REPORT.
CHICAGO, Jan. 23.-All the markets were
spiritless at the opening of the board this
morning and soon developed weakness. Out
side news was scarce. and outside orders
scarcer. The local features were the tend
ency of the crowd was bearish on everything
May wheat opened lac lower at S27sc was
very dull during the first hour, and Sagged off
10 S2l2c. The announcement that the visible
had decreased $4,000 bushels caused a re-
action to S2S4c, but it did not last. The
market again became heavy and May sold
down to and closed at S2Ac. Trading was
largely of scalping nature throughout the
session. Corn was weak throughout the ses-
sion. There was little in the situation to en-.
courage buyers, and local operators appear to
regard corn as too heavy to carry at present
prices. May opened barely steady at Satur-
clined until the close which was at 52s4617sc.
Provisions opened steady, hogs being
higher and the receipts small. The market,
however, soon developed weakness packers
and spectators selling pork more freely
than buyers were able to Ia Ike it, and having
once got fairly started, there was enough
pre- ssure from other sources to keep prices
mostly on the down grade the balance of the
session. May pork opened at S14.65, dropped
10 S14.25, and closed at $14 25@l427.
Lard and short ribs sympathized with the
weakness in mess pork. The former de-
cIined 7l2@ Zoe, and the latter 10@12c, and
closed at inside figures, with May lard at
$7.75 and short ribs S7.65.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. February 7634c, closing at
76c; March, 774c, closing at 76s4c; May.
s27sc, closing at S2l4c; June, S35sc, closing
closing at 477sc; No. 2 February, 4Sssc'
closing at 471sc; May, 53a4c, closing at 52s4c
June, 537Sc, closing at 53c. Oats-No. 9 Nav
$3.50 closing at 33c. Mess Pork, per bbi
February, sl4;l742, closing at $13. 50
per 100 lbs-February, s7.45, closing ' at at
S7.35: March, $3.50, closing at S7.42l2
May, S7.65, closing at S755. Short Ribs
per 100 l6s-January, S7:55, closing at
$z.4!2I2; February S7.55,. closing at
Max Max s9s2s wst closing ss foo at
dull and prices unchanged Wheat-NO. .
spring, 76@77c; No. 3 spring, 73@76c
No. red, S3A@s4c. Corn-No. 2, 4Sc.
Barley-No. 2 s4@s5c. Flax seed-No' /.
S1.4O@1.44. Timothy seed-Prime, $3.50
Pork-Mess, per Dbl, S13.s5@I3. 90. Lard
Per 100 lbs, 81 50. Short Ribs-Sides Goose.
$74G@7.45: dry sailed shoulders (boxed5'
@7.90. Whisky-Distillers' finished goods.
per gal, S1.1O. Sugars-Cut loaf, 8@sI2c
granulated, 7Ac; standard "a, - &c
Receipts - Flour, 5000 bbls; wheat,
$4,000 blu; corn, 1000 blu; oats, $1,000
Blu; rye, 500 bu; barley, $4,000 bu Ship
ments-Flour, II, 900 bbls; wheat %, 900 bu
corn, $4,000 bu; oats, 65, 900 bu; rye. q OO
bu; barley, $4,000 bu. On the produce ex.
change to-day the butter market was steady
and promising increased activity; creamery.
22l2G23c; dairy, 17@25c. Eggs, 21Q23c.
% k6 krMnon- ~@,