St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-20
THE COMMERCIAL RECORD
On the Chicago Beard of Trade All the
Markets Were Rather Dull
and EeaiureleSs.
The Big Fellows scalred The Market
Down and Then Sold On
the Bulges.
Transactions in the Financial Circles
Of Wall Street.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, Jan. I9.-The board of trade
markets We're very duh this morning. Pro
visions opened firm. There Were some heavy
dealers at the opening. Offering every class
of product freely. Pork sold down from
SI4.45 o Sl4.30, ribs from S7.77la to $40,
and lard down to STATE. AT the inside
range the big fellows turned buyers. They
are sealping the market down, selling on
bulges and taking in profits on the breaks.
Otherwise the marketwas teatureless. The
country is splitting on its hands ana taking
fresh grip. II had few buying orders in
and is making good its margins beyond eX-
pectation. Wheat and corn were dull and
rather weak in tone. Trade was exceedingly
light and outside orders were nil. For the
first hour \ ay wheat ranged S3@S3hc, ana
May corn 534Gl53S4c. The bears raided the
grain pits this morning. They pounded corn
down from 53c 10 52ssc, and wheat from
S5I4c 10 S2l.@ S2Ssc, and they 'yapped' oats
of nearly lie, May touching 32$sc. Very lit
tie oats came on the market, but the noise
was deafeuing. Along towards the end OF
the principal session the long sellers became
buyers, and the marketgot back TO the vi
entity Of 53c, The excuse given for the
raid was the anticipated increase
in the movement. The moderating
weather and the action OF the
Central Traffic association in stopping dis
elimination against Chicago should. and
probably WILL increase the receipts i'll the
near future. Nevertheless
THE MARKET HELD BETTER
than seemed possible considering the pres
sure. May recovered Ssc and closed firm at
O'Clock AT only fractional decline from
yesterday. Duluth reported good buying for
Eastern and foreign account. The statement
is made that most of the wheat stored in
Duluth is held by parties who bought for
shipment at the opening of navigation. Last
year nearly all of the Chicago and Duluth
wheat was sold against for May. This year,
most of il. especially Duluth stock, is held
pat by parties who have places TO put the
actual property and do not anticipate a
shTinkage from current values. The interior
movement of wheat is very small The re-
cent blockade had something 10 do with it,
but farmers supplies are unquestonably
very low. The bears went at provisions
again after the early rally on covering pur-
chases, but the market did not yield readily
One of Singers l. 900 barrel bluffs was
taken by Fowler Bros at Sl4.2J. and half an
hour later the price was SI437l2@1440.
The market cannot be called strong, how
ever, and the sentiment of the pit is bearish
for the campaign. At the afternoon session
the market, both in grain and provisions
developed firmness Wheat and corn closed
lsc higher, and pork Ice higher for MAY.
$50 p. m. prices-Wheat January, 1864
@16l2c; February. 76as@ 76a4c; March, 77Ss
77lsc; May, S27s@S3c COrn--January and
february, 4SIsc; March, 4S14c: May, 53Isc
Oats-May, 33kc Probationary and Feb
ruary, S14. 10; May, SI4.5O. Lard-January
May. S7.55G7.57le- Short Rios--January
s7.77l2.
THE ROUTINE REPORT.
CHICAGO, Jan. 19.-The sparkle and fzz
which were the features of the opening mar
the markets opened quiet The excitement
had very evidently died out in pork, as the
opening price for May was S14.40, precisely
where it closed. From this price il advanced
TO Sl442l2014.45, but by 1920 il had re-
acted TO Sl43O There was not much sell
ing pressure. The absence of outside orders
seemed TO have more TO do with the decline
than any bear operations. One sale of 10 600
barrels of May pork was made at SD 25. the
lowest price of the season, but most of the
trading was unimpOrtant and of a scalping
nature. Trading in lard and ribs was small
in volume and of a local character, prices
ranging within 50l0c range. Toward the
close of the session prices firmed up consd-
erably. May pork closing at S145O; May
lard. S755@7. 57l2 and May short ribs at
SHUl2. Both corn and wheat opened a tri-
s3ls@ 1914, little interest developed i'll
the first hour. May wheat ranging between
e3c and S3Ac, and at the end of the hour
the pit was almost deserted. 1t became evil
dent as the day advanced that grain values
would go lower. Wheat and corn were both
raided at times by local operators, and there
was considerable selling and canceling OF
orders on country account. May wheat was
forced down to S2la1S25se shortly before
noon. May wheat closed at S27s1S3c. Corn
was dealt in more largely than any of the
other markets. The selling on country ac-
count, aided by local operators being quite
liberal. May opened at 5514c and during the
first hour ranged between that figure and
53ssc. Shortly before noon, during the
heaviest selling 1t touched 52Hsc, but cover
ing by local houses caused a reaction and it
closed the session at 53Isc. There was
heavy trade In oats, but the market weak
ened considerably. The people who bought
the stuff thrown overheard, became dis
gusted at the course of the other markets
and sold ont again. May sold down 10 32aic
and closed at 3SAc.
MI THE QUOTATIONS;
The leading futures ranged as follows:
Wheat-No. = February, 76Slc, closing at
76Ss076s4c; March. 775sc. closing at 77Ss@,
T7lac: May. S3ls@lS3Ac, closing at S2s@3c
Corn-No. February, 467sc, closing at
53l4c. closing at 53lSc. Oats-No. . May,
339sc, closing at 3314c. Mess Pork, per Dbl
February, SID. closing at S14.10; March,
Sl4.i 10; May, S14.4O, closing at S145O
Lard. per 100 lbs-February, 81. 30 closing
at S7.33 March, S7.37l2, closing at 81. 1925;
May, S7.52l2, closing at S7.55@7.57I2 Short
Ribs, per 100 lbs-February, $3.50, closing
at $3.50; March, $3.50, closing at
S762la; May, S7.77I2, closing at S7.77l5
Cash quotations were as follows: Flour,
quiet and unchanged. Wheat-No. 2 spring,
16a4GgT7l2c; No. 5 spring, CSC: Corn
No. 2; 47S4c. Oats No. 2. 3Oc. Rye-No. 2
63c. Barley-No. . 75@s5c. Pork-Mess, per
Dbl. 81. Lard-Per 100 lbs, 81 80. Short
Ribs-Sides GOOSE. S7.45: dry sailed shout
ders (bOxedD. S5.90@6; short clear sides
GGIRsa SooSs 3eT gal wss 81
Cut loaf. S@8l2c; graduated, 7l2c; standard
"a" &c. Receipts-Flour, 1900 bbls;
wheat, 1900 bu; corn. $4,000 bu; oats
$4,000 bu: barley, SO, 900 bu Shipments
Flour, $4,000 bbls; wheat. $4,000 bu:
corn. 5000 bu; oats, 60, 600 blu; rye, 5000
bu; barley, $4,000 bu. On the produce
exchange to-day the butter market was firm,
al 17@26c for dairy, and 23@31l2c for