St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-28
There Was a Slim Crowd in the Pit TO.
Day and Trade Was
Light.
The Receipts Of Hogs We're Light and
Provisions Opened
Firm.
Transactions in the Financial Circles
OF Wall Street.-The General
Quotations.
Special 10 The Glohn


$l4.62l2 at the beginning, and within half
an hour it could be had at Sl447l2. Soon
after in sympathy with corn it advanced to
$l4.55. May lard was quoted at S7.5712,
and May ribs at $7.67lsD7.72ls. Trade was
light, and the crowd In the pit thin. Grain
had rather fiat opening. but the market
hardened Immediately. Wheat displayed
less gimp than corn, which advanced
Sharply soon after the opening from 527sc
TO 53Ac on the discovery that the pit scalp
ers had over sold themselves to Hutchinson,
VINO stood out for a profit on his trades.
None Of the markets presented es-
peclally noticeable features early in the
day. AT the close of last month local
stocks of new pork were 121 $50 barrels and
OF old pork about 72, 900 barrels Stocks Of
ribs were 29,0O0.00O lbs. Estimates of stocks
at the end of the current month are las 900
TO 100000 barrels of new pork. $4,000 to
oo.0OO barrels of old pork and 80, 000, 900 lbs
of ribs against 136, 900 barrels of new pork,
10000 barrels of old pork and $4,000, 900
lbs of ribs on the corresponding date last
year in pounds. Local stocks are now be-
heved to be considerably in excess of last
year on the corresponding date. During the
last few days there has been small improve
ment III the shipping demand for product,
but not enough as yet to threaten normal en-
croachment upon shippers. The board of
trade markets dragged until about noon,
when everything on the list got strong
and active. Pork which had been
showing little weakness, shot up above
SLIGO again; May lard crossed the $40 and
ribs passed the S7.77I2 line. The provision
market displayed no little solid strength, and
country orders are again on the increase.
wheat and corn participated in the general
activity. Indeed, the grain markets led, May
wheat advanced to 92l2c and May corn to
53l2c, gain of a4@7sc in wheat, and SEC in
corn from the lowest range. Then came
the verification of the suspicious expressed
that the foreigners had been quietly picking
up wheat under cover of the depressing ad-
vices that have been flooding the exchanges
for week or two. New York wired that
there was promise of healthy revival in the
export movement of wheat and flour in the
near future, although one cable read that
100000 bushels of the old California
syndicate wheat vet remained unsold, and
was pressing on the English market like a
dead weight. The shorts engaged
in a lively scramble in the grain
pits, and they were in a mood to be fright
ened by arrays of statistics that were greeted
pressed them was the difference of 1,400, 900
bu between the amount on passage this
year and last" 1t took them long time to
comprehend these figures, but the logic
struck 'em in heap all at once. The ex-
hibit impressed them like a revelation. The
activity in the grain pits during the last hour
OF the long session was encouraging to COM
mission men and the trade in general. The
return of ''old Hutch" to the floor had good
deal to do with the bulge in corn and oats
He was on change for the first time since his
ninety-day suspension last spring, stalking
in about - o'clock he stationed himself
near the corn pit and held levee. He sig
nalized his return by boosting things around.
The old man stayed away as long as he
could. If he had prolonged his exile longer
something would have burst. At the after
noon session there was further covering by
shorts in the grain pits and liberal buying in
provisions. Wheat and corn sold shade
higher and pork gained 7l2c.
THE ROUTINE REPORT
CHICAGO, Jan. 27.-The opening on change
: to-day was dull and almost featureiess. The
but hardened almost Immediately, wheat dis
playing less firmness than corn. May wheat
opened at 817sc. Wheat was neglected fol-
some little time after the opening, conse-
euently May dropped to slssc, but later on
it up to s17s@S2c. There was sharp bulge
in all of the market just before the close, and
big buying by. several prominent houses
forced another advance in May, which closed
for some time after the start, May selling off
from the opening $3.50 to 52gsc. When it
touched this figure it was discov-
cred that the pit .scaipers had over
sold themselves, and there was a re-
shorts, who buying. had showed May up
to So sB053a4c, at which figure it closed.
There was little corn sold under 53l4c, and
there was a good buying demand at 53c.
advance. May being at $3.50. Provisions
opened firm on light receipts Of hogs, but
wouid-be purchasers soon discovered that
there was plenty Of property for sale. and
advanced to $l4.62la. declined under liberal
offerings to $14.47la, advanced again on
good buying to S14.55. and then became
very dull. Toward the close of the session
several prominent operators bought lard
freely. Pork advanced in sympathy, May
closing at $14.72ls. Lard was quite active
at the close, and prices were advanced 17I2
@2Oc. May sold at :57ls@7.77l9, and
closed at the top. Short ribs advanced about
12Iac, and May closed at 81. SIS.
THE QUOTATIONS..
The leading futures ranged as follows:
75ssc; March, 76Ac, closing at 771sc; May,
$3.50, closing at 829sc; June. 62Ac, closing
at S314c. Corn-No. 2 February, 4SAc,
closing at 1890; March, 1880, closing at
4s7sc; May, 53lsc. closing at 53ssc
June, 53Ac, closing at $3.50. Oats-No. 2 May.
33lsc, closing at 1850. Mess Pork, per Dbl
February, $l4.15, closing at $14. IS; May,
$146O, closing at S14.72Is. Lard, per 100
lbs-February, $7.37I2, closing at $7.57l2
March. $7.45, closing at S7.72Is; May,
S7.57p9, closing at $7.771a; June, $765,
closing at $7.S2l2. Short Ribs, per 100 lbs
january, $3.50, closing at S7.55
February, $3.50, closing at $7.55
March, $3.50, closing at $7.62l2.
May, $7.7713 closing at $7.77I2
Cash quotations were as follows: Flour
dull and neglected; prices unchanged and
steady. Wheat-NO. 2 spring. 76ss@7Sc &;
No. 3 spring, nominal; No. z red, S0a4c.
Corn-No. 2, 49I2c. Oats-No. 2, soc. Rye
No. 2, 6312c. Barley-No. 2, 93@95c
Flax Seed-No. 1. S145. Timothy Seed
Prime, S247. Pork-Mess, per Dbl, S14.2O
@14.25. Lard-Per 100 lbs, 81 .47I2@7. so.
Short Ribs-Sides Qoose), $7.5O@7521a
dry sailed shoulders, (boxed), s.. 9O@6 short
clear sides (boxed), $7.95@S. Whisky-Dis-
tillers' finished goods, per gal, $l:13. Sugars
ard "a" 67sc: Receipts-Flouri Is, 900 bbls
wheat, 5000 bu; corn. 1876, 900 blu; oats,
1850 bu; rye, 5000 bu; barley, Sd, 1000
bu. Shipments-Flour, 5000 bbls; wheat,
10000 bu; corn, $4,000 bu: oats, 1000
bu; rye, 1000 bu; barley, 1000 bu. On the
produce exchange to-day the butter market