St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-10
THE COMMERCIAL WORLD.
On the Board Of Trade Markets We're
Quiet and Wheat Cables Dull
and Lower.
Provisions We're Quiet and the Market
Ruled Firm at Slightly Ad-
vanced Prices.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.

CHICAGO, Jan. 9-The board of trade mar
kets were quiet this morning. Interest i'll the
election subordinated everything else for the
time being Wheat cables were dull and
lower. Wheat opened locally l2c of. and
May sold down TO S3ssc during the first half
hour, reacting, however, 10 S3Ssc. Trade
was light. Corn sold down 10 54c early, but
frmed up later. Provisions were quiet and
the market ruled firm at slightly higher
range of prices, May pork selling at 5000,
May ribs at S. Is aud May lard at S7.92ls.
The changes in the visible supply of grain
were announced from The gallery as follows:
Wheat Std, S07 bushels decrease;
corn, l6S,224 bushels increase; oats,
S2.171 bushels decrease; rye, $3.50
bushels increase; and barley, 1901
bushels decrease. Local stocks as follows:
Wheat j, 400, 065 bushels; corn, ,223, 022
bushels: oats, 924 1923 bushels; rye, %, 100
bushels; barley, 349,6O7 bushels; total,
1926 liz. The cold wave in the Northwest
braced up wheat somewhat, and the an
nounement Of decrease of over 500, 900
bushels in the visible supply was another
bullish incident, but the market remained
very dull all day. No very great amount of
long wheat was for sale, and the short selling
was on a moderate scale The trading was
almost entirely in May. which ranged from
S3asc 10 SIlsc, hugging sic most of the fore
noon. Corn was dull and week, selling down
from 54c TO 53s4c. There was more action
in corn than in any of the other pits, but
there was notable scarcity Of outside
orders here too Oats also displayed weak
ness, and sold Oft Ssc. Business in pro-
visions was almost at a Standstill. Politics
occupied the individual attention of the
traders. Price changes were too insignificant
TO mention. At the afternoon session prices
for grain were steady and provisions declined
slightly. At $50 ?. IN. prices for wheat
Were: January, T6ISc; FEBRUARY. 1T2c:
March, Isle; May. S37sc. Corn-Jannary.
4S4c; February, 4SI2c; March, 49c; May,
53ssc. Oats-May. 34AG34ssc.l P0rk-Jan-
uary, SO; February. Sl5.l0; May. SD :52l2.
l.ard-January and February, S..65: March,
$40; May, $50. Short Ribs-January
and February, S7.S5; March, S7.95; May,
SS.12ls.
THE ROUTINE REPORT.
CHICAGO, Jan. 9.-The bearish effect of the
government crop report of Saturday had not
yet worn away when the markets on change
opened this morning. In the grain pits trad
ing started fairly active, but prices were
lower than on Saturday. May wheat opened
at SSs4c. The traders in wheat appeared
very nervous during the first hours business.
Liverpool was l2d lower, and the local spec
ulators were pretty generally sellers. May
sold down 10 S3Ssc in the first half hour.
steady with little doing The annual cleo
ton of board officers, which was being held
to-day, absorbed the interest OF members
largely. May wheat ranged between S3ssc@
S4I4c, the highest point being reached when
thevisible supply was announced as showing
decrease of $50, OOO bu, which was larger than
expected. The bulk of the trading was in
small way and done by scalperS. May closed
at S35sc. Corn was the most active grain on
the floor and was rather weak. There was a
disposition both to realize and to sell short.
The visible supply, too, showed an increase
of 16S,O0O. May opened at 54Ac, held
steady for while, then weakened and closed
al 53ssc. Oats for future delivery were from
ssQl2c lower, largely on account of the I'M
settled condition of the wheat and corn
markets. May closed at 344@34Ssc. In
provisions there was little doing during the
early part of the session, but tine undertone
of the market was nevertheless firm. May
pork opened at $3.50; soon advanced to
S15.57la, and closed at S15.52l2. Lard and
short ribs were both very quiet.
THE QUOTATIONS.,
The leading futures ranged as follows:
Wheat-No. >, January. 76ssc, closing at
s67sc; February, 77Ac. closing at 77l2c;
March, 7Iise, closing at 7S4c; May, o376c
4ssse, closing at 4sAc; February, 49lse
closing at 4SI2c; May, SAFE, closing at
53ssc., Oats-No. 2, May, 34l2c, closing at
34Ac. Mess Pork, per bbl-January, S15.o5,
closing at SO; May, $3.50; closing at
S7.67l2 closing at 81 65; March, S775, clos
ing at S7.75; Nav, S7.92l2. closing at 40:
June. IS, closing at S7.S5. Short Ribs. per
100 lbs-January, S7.s5, closing at
$50; February, $7.s5. closing at
S7.S5; March. S7.95. closing at S795 !;
May, Ss.12l2, closing at S8.l2l2.
Cash quotations were as follows: Flour
quiet and unchanged; No. 2 spring wheat
767SGl77c; No. 3 spring wheat, 70676c; No.
. corn, 4sl2c; No. 2 oats, 31l2@3ls4c; No.
Frye, 62c; No. . barley. 73@S3c; No. l,
flax seed, S1.43: prime timothy seed, 81. A
@2.45; mess pork, per Dbl, SIS. O2l2@1 10, 90 :;
lard. per 100 lbs S7.G5: short ribs sides
0OOse), S7.S5; dry sailed shoulders (boxed),
S6.10@6.15: short clear sides (boxed), SO. 10
@S.l5; whisky, distillers' finished goods, per
gal, Sl.1O; sugars, cut loaf, 7a41Sl4c: gran
ulated. 7l2c. Receipts-Flour, %, 900 bbls !;
wheat 10000 bu; corn, Ill COO bu; oats,
$1,000 bu; rye, 1000 bu; barley, 46, 900 bu
Shipments-Flour, $4,000 bbls; wheat, Al
600 bu; corn, 137. 900 bu; oats. 90, 600 bu !;
rye, 5000 bu; barley, 1900 bu. On the
produce exchange to-day the butter market
was quiet; creamery, 23@24c; dairy, 160
26c. Eggs, 1S@19c.