St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-31
THE COMMERCIAL RECORD.
Considerable Strength Developed in HAY
Wheat, the Close Being Over a
Point Higher.
No Material Change in Corn aud Oats,
Provisions Opening Strong and
Closing Weak.
Financial Operations in the Monetary
Centers.--The General Quota
tons.
Special to the Globe.


CHICAGO, Dee. 29.-There was considerable
strength developed in wheat to-day. There
was some reason for it outside Of manipua-
ton. There was Il stronger feeling in the
markets of the Northwest. Receipts were
light and the grading very poor here, while
primary receipts aggregated but about 100.
900 bu. Some we'll posted parties predicted
quite material decrease in the visible sup
ply for Monday. While there was little
wheat cleared at Atlantic ports, there was
fair amount of -four, about 10000 barrels
shipped from New York and Baltimore.
Hutchinson has bought wheat quite per
sis lily for two days past, and bought
again to-day around the bottom. There
was no sign of weakening among
the leading bulls, and the crowd
seemed inclined to turn TO the bull side.
Sales for January ranged 99S4c to S1.01.
May startled at 81 OBS, went to 81 ,0Ji2, to
S1.06, 10 81 05l2, to 81 .0Gsi shortly before L
o'clock returning TO Sl.O6l9 on realizing
sales The top point was 4l2c reaction
from the bottom point Oh the break last
Wednesday. Receipts here were lhirty-three
cars There was a dali. cautious feeling at
New York ard the claim is made that prices
are still Sc to Sc over the export basis.
Wheat touched SlOG7s for May few
ST .O6s4, or lac higher for the day. There
was steady feeling in corn, without great
volume OF trade or any material change
in prices There was a better feeling
in the near futures. Clearings at New
York were / % 900 bu. Receipts here were
but I4S cars. with l4l cars estimated for
Monday. Hutchinson claimed to be even in
corn. The scalpers were buyers. The pro-
vision market was strong early, but weak
eued and closed with prices about at last
nights figures Receipts of hogs were but
$1,000 for the week, against JOG, 600 last
year. Packing is nearly 10000 hogs be-
hind last year at this date. The estimate on
stocks for Jan / are 30 0G0 lerces OF lard,
30, 900 barrels Of pork and about 12,0u0,-
900 pounds of ribs. The Iange of prices in
tie pit is S12 8C@13 and 2Tl2Gl3.45
Cor JANUARY and May, pork closing. at
Sl2 9212 for January ana Sl3.27l2 for May.
Dec mbcr lard closed at SIS. 10 and May at
$7.S5. Ribs were 2l2c higher for the day.
Oats were quiet and without interesting
feature. Receipts, G3 cars.
THE ROUTINE REPORT.
CHICAGO. Dec pa fair business was
transacted in wheat and no new nor startling
features were DEVELOPED. About the same
influences which have affected the market
The past forty eight hours controlled the
market, namely, good, steady buying by some
large traders and oply moderate offerings.
The market has apparently shaped itself SO
that operators are rather backward about
selling and shorts disposed TO cover, each
advance making them more uneasy. The
feeling in the Northwest was reported de-
cidedly stronger. The market opened at
about yesterday S closing, declined l2c, ruled
ire ular and then advanced Use,
eased off Isc, and closed Ac high,
chiefly In the May future. 1t
was rumored that the starting up of some of
the mills which had been shut down during
the recent depression in Hour was under adj
Visement ana a later rImor was also in cir
rulalion that the mills would start up Jan. l.
Corn ruled quiet and inactive, trading being
of light local character and the market
was devoid of any noteworthy feature the
entire session. The feeling was compare
lively firm, and fluctuations were limited to
IIc range, the market closing Lc higher than
yesterday. In oats quiet and steady mar
ket was noted. Outside orders 10 buy or sell
were in moderate supply, and most
of the trading was confined to even
ing mp and preparing for the first of
the year Trading centered in May. but
price changes were small. The near futures
were lsc better. Trading was moderately
active In mess pork and the feeling was
stronger in a general way. Opening sales
were made at Yesterdays closing figures, but
an advance of l1l2d2Uc was gained later in
the day. Prices settled back again 1le@10c,
aud the market closed steady. Only fair
was steadier Prices ruled 2l2d.5c higher,
ana the market closed steady at medium
figures, Rather more dong i'll short ribs. es-
pecially for May delivery, and the feeling
was tirmcr Prices ruled 2l2@5c higher, and
the morket closed steady.
THE GENERAL QUOTATIONS.
Wheat-No. December opened at 995sc,
closing at Sl.0li.; January, 81, closing at
Sl.01l2: May. Sl.O5ss closing at Sl0GA
July. 95s4c closing at 91c Corn-No. =
December opened at 34l4c, closing at 34Ac;
January, 3li4c, closing Mt 34l2c; May, ) &c,
closing Mt 37lsc. Oats-No. December
opened at 25c, closed at 25lsc; January
2S4.c. Mess Pork, Per Bbl-December
closed at $l2.92,a; January, opened at
el2.S0. closing nj Sl2 92i2; May, Sl3.27t2,
closing at Sl337le. Lard, Per 100 LBS
December opened at $50, closing at
SS.l0; January, S7.12l2 closing at S7.72l2;
per 100 Lbs january opened at $3.50, clos
ing at 6.77l2; May, $3.50. closing at S69712.
Cash quotations were As follows: Flour
was weaker. Wheat-No . spring, 81 OGs4
El.0Ih; No. spring, s3i2@93c; No.
red, Sl.00s4Gl 1.o14 Corn-No. ,, 344.
oats-No. ,, 25lsc. Rye-No. 2 soc. Barley
NO. >, none. Flax Seed-No. !. ST. .6o@
1.COl2 Timothy Seed-Prme l.50. Mess
pork. per bbl, ST. 9G@l2.95. Lard, per 100
lbs. $50: short ribs sides. loose, Sc 500
6S5: dry sailed shoulders boxed, ST. 75Gh
6.S7i2: short clear sides tboXed), 81. 12ls6l
7.2J. Whisky-DstllerS' finished goods, per
gal, Sl.20. sugars Cut loaf, unchanged.
ReceiptS-Flour. 10000 bbls; wheat, -, 900
bu; corn, 30S.o00 bu; oats, 12S.000 bu;
rye, 1000 bu; barley, 45,O0obu. Shipments
Flour 1000 bbls; wheat, 10000 bu;
corn. 5000 bu; oats. l27,000 bu; rye
5000 bu; barley, 2S. 900 bu, On the produce
exchange to-day the butter market was quiet:
~