St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-13
THE COMMERCIAL WORLD.
The Chicago Bulls and Bears had the
Dullest Day Of the
Season.
Nobody Wanted to Do Anything, and
Comparatively Nothing
Was Done.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special to the Globe.

epeclal 10 the GlOpe.
CHICAGO, Feb. lion change to-day 1t
was the dullest day of the season. Trading
was light everywhere Weare went around
with scared look in his eyes asking people
II it was really quiet as a cemetery on the
floor, or If he had suddenly gone deaf. When
he found that Sabbatharian calm rested OH
the scene he was overjoyed Pork for May
delivery ranged at Sl4S5014.37l2, lard at
S7.S2l207.S5 and ribs at 81 .62l2D7 .65. No
body wanted to do anything, and nothing
was done worth mentioning. Receipts of
hogs for next week are estimated at 100000
head. The price of May wheat ranged at
S07sGS1I2c and of May corn at 51ss@51sSc.
''Old Hutch did what he could to keep
things lively. He bought and sold in all the
pits, seemingly regardless of price, and
moved by laudable desire to
Keep his signature green on the memory of
clearing house attaches. There was no out
side news of consequence and the trade was
purely local, except a few buying orders for
foreign account. Private cables were better
and brought orders. The increase in the Wis
ible supply for the week is estimated at
100000 bushels, about the weekly average
since Jan. l. On count of noses it was
discovered that on the day Hutchinson had
sold about 100000 bushels of wheat,
three parties taking nearly 900, 900 bush
els. CloSings to-day are about the same for
PROVISIONS, shade lower for wheat and a
little better for corn. \ revival in the con-
sumptive inquiry for provisions is
noted. The cash trade seems to be
awakening from its long sleep.
and now Swift, the beef packer, is accused
Of being under provisions, and the voice
of the prophet is heard predicting that he
cannot run a successful deal or corner be-
III
moral OF this lesson is that no man can run
successful deal in provisions unless he can
force enormous quantities of product into
consumption, and that no individual or firm
has the necessary facilities except Armour.
1t therefore becomes plain that nobody can
run deal and make it win excepting Mr.
Armour. If it is really fact that Mr. Swift
contemplates the experiment of cornering
pork he may make facilities. He is man of
bOundless resources, and is said to
be the only business rival of whom the
great king bee packer has the slightest fear.
Mr.. Swift has run a winning race in his beef
packing business, and to-day he is the leader
He heads the list in that line. Heis schemer
and a regular hustler. He gets there, where
everybody has failed, and he keeps right
along saving wood and pushing and build
ing and working when the rest Of the world
pork corner TO a successful conclusion than
any man, always excepting the boss, Mr.
Armour. Parenthetically, it may be stated
right here that in the provision pit the ira.
ders do not take any stock i'll the gossip
about his alleged connection with deal
furthermore it does not appear that at this
writing there is any deal on since the Hebrew
syndicate scrambled out few weeks ago.
The Fowlers and Hutchinson have cen do
ing considerable plunglng, but nothing hay
ing the semblance of deal has developed
lately. Kansas City and the country west of
the Mississippi is very bullish on provisions,
and most of the long interest is probably
represented there.
THE ROUTINE REPORT
CHICAGO. Feb. 1.-THE condition of things
to-day on change showed more clearly than
ever the absence of outside business and the
overshadowing influence of Hutchinson. He
had nrG6srs IN the wheat and corn pits and
established prices at which he would either
buy or sell all the crowd desired. The week
closes with prices on the whole, lower, and
the markets duller than seven days ago.
Compared with last Saturday the price of
May wheat was this morning lice lower corn
1l2c lower and oats ssc lower. There was
plenty OF gossiping but little trading in wheat
to-day. May opened 1sc higher at Sic, moved
and kept between that figure and
Su7sc during the balance of the ses-
sion, closing finally at Sllsc The
hrmness was largely due TO scalpers, who
would even up their trades for the week. A
true account of the operations in corn to-day
consists in saying that Hutchinson was ready
TO buy any amour at 51Ssc and ready to sell
anya mount at 5ll2d515sc. These figures,
therefore, formed the range of prices for the
session. There was no one who cared to
venture outside the pegs and the business
was narrow light scalp, in which only few
took part May opened at 5lSs, sold as stated
hptXVppn baf tlo1lrp al md oIn
512Sc. The interest in oats was better than
In corn, as they were not pegged. May sold
at 3ll2c and 3lS4c, closing at 3l5sc
Speculation III provisions was on q reduced
scale and almost entirely local, there being
no little in the daily variations to induce
outsiders to send in fresh orders to either buy
or sell. Arrivals of hogs were up to expecta-
tions, and prices were maintained The
packing in Chicago since Nov is 552 600
hogs, a decrease Of 81 600 hogs fIom the
same date last year. Lard ranged at 81 SU@
I.S5 and closed at $50, a decline of 2I2c
from yesterday. Pork remained steady at
4.32l2@l4.4O May closing at Sl4. IS.
Short ribs were slow at 1907 62I2, and
closed al $50 a decline of &c. A better de-
mand existed for other meats, and sales
showed fair increase.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-NO. March opened at 1850, closing
at 75l2G759Sc; May opened at Sic, closing
at e1@S1lsc; June opened at 8 1asc. closing at
S1SSQS1S4c. Corn-No. 2 March opened at
46S4c, closing at 47c: May opened at 5Issc,
closing at51Ssc; June opened at 5lSs6 5lIsc.
closing at 5ll2c. Oats-No. 2 May opened at
3lssc, closing at 315sc; June opened at 32c,
closing at 3l7sc. Mess Pork. per bbl-March
opened at SI4.1O, closing at SI4.lO: Nav
opened at Sl4.35, closing at Sl435. Lard.
per 100 lbs-March opened at S7.67Ia. clos,
ing at ST.65; May opened at S7.S2I2, closing
at $3.50; June opened at S7.S7I2, closing at
$7.S7l2. Short Ribs, per 100 lbs-March
opened at S7.47l2. closing at $7.45; Nav
opened at S7.62l2 closing at $3.50;
June opened at $40, closing at S7.67La :
Cash quotations were as follows: Flour
Demand on shipping account slightly i'm
proved. Prices steady ana without special
change. Wheat-No 2 spring. 754@
75s4c; No. 3 spring, 66c; No. 2 Red, 7SI2c.
Corn-No. 2, 4712c. Oats-No. 2, 2Sc. Rye
No. 2, 60c. Barley-No. 2, nc. Flax Seed
No. l, Sl.44; prime timothy seed, 81. 46M
2.47. Mess Pork-Per Dbl. S14. 1O0I4 2I2.
Lard-Per 100 lbs, $7.65. Short ribs, sides
Qoosel, 81. 42l2; dry sailed shoulders (boxed)
$606.05; short clear sides (boxed), SS@S. O5.
Receipts-Flour, IL 900 bbls: wheat, %. 600
bu; corn, So 900 blu; oats, 5000 bu; rye.
1000 bu; barley, $4,000 bu. Shipments
Flour, Il, 900 bbls; wheat, 10, 900 blu; corn.
$4,000 bu; oats, $1,000 blu; rye, 8, 900 bu
barley, $4,000 blu. On theproduce exchange
to-day the butter market was inactive:
creamery, 22030c; dairy, 16I2M26 Eggs
very firm and scarce at 24026c
r. NEWPOPT o. COM