St. Paul daily globe., 1888-01-31
THE COMMERCIAL WORLD.
Provisions Opened Active and Weak
at a Lower Range Of
Prices.
Russian War News Caused Slight Ad-
vance in Wheat.--Corn
Steady.
Transactions in the Financial Circles
Of Wall Street.-The General
Quotations.

CHICAGO, Jan. 30.-Proyls1onS opened ac-
tive and weak at a lower range Of prices than
on Saturday. Receipts of hogs at the yards
were 10000 head, away above the estimates
and the whole situation looked soft. May
pork sold down from $3.50 to S14.30, and
ribs sold off 2Ia95c early. The elimination
of the most danger Gus long interest on the
bulges of Thursday, Friday and Saturday, and
the Simultaneous covering of good-sized short
lines, leaves the market pretty well evened
up, and the bears feel encouraged TO put out
fresh lines The pressure is again on top,
and the market is not strongly supported. Its
sturdiest props have been removed. Wheat
inclined 10 weakness around the opening.
New York started in S4c off on discouraglng
cables. Chicago was only Ac lower and did
not decline, but the market did not display
spirit. May was quoted at S1asGS 7Sc for
the first hour and corn 52laQ-52s4c. A New
York Tribune extra, giving the particulars of
an encounter between Russian and Austrian
pickles, put Il little war spirit into the mar
ket, and wheat jumped 10 S2lsc, corn follow
ing at a respectful distant. The crowd has
been fooled so often on war news however,
that the effect of this gentle suasion was soon
lost, and prices once more began to slowly
Settle. There was rather better uudertone
10 wheat than to corn, and values did
not depreciate rapidly, neither did
they go far on the down grade,
The fact that the demand for flour keel is
noted as a bullish factor. The expectation
Of wheat is averaging less than last year, but
shipments of flour for foreign consumption
are largely on the increase. The growth of
the trade in American flour is a source of
discomfort among British and continental
millerS. who complain that they are being
slowly driven 10 the wall by competition
from this side of the water. \ prominent
Northwestern miller informed the writer to-
day that his firm was 10000 bushels behind
in it. orders, a very unusual occurrence at
anytime, ana previously unheard of at this
season of the year. The visible supply state
ment, which was posted shortly before noon,
showed changes on the week as follows:
Wheat 600, 1O4 bushels decrease; corn,
453S77 bushels increase; oats, S3,S34
bushels decrease; rye, 1,4SS bushels de-
crease and barley, 1912 bushels increase.
About II o clock another dose of war news
sent prices up again, wheat going to S2hc
this time. The activity i'll the markets was
ftful. Outside orders were represented by a
minus mark. Telegraph operators had pic
nic and plenty OF time for literary pursuits
between dispatches. The country is doing
nothing and wishing 1t was out of trades now
open. There was no action. There is moth
ing III the market said everybody, and for
The gusty blasts of war news caused only
ripples of excitement, leaving the market
duller than before. In wheat some of the
exporters had cables contradictory of the
bearlsh advices that are so commonly quoted
and local houses reported a growing interior
inquiry for cash wheat at full prices. Pro-
visions held firm at the decline, and an i'm
provement from inside prices occurred, the
market remaining firm at the improvement
AT the afternoon session grain was fairly ac-
tive; wheat and corn closed q shade higher
Provisions were weak and pork sold 2l2c
lower 2:3O p m. prices: Wheat-January,
1850; February. 757sc; March, 76Ssc; May,
Sl7Sc. Corn-January and February, 474c;
March, 4Sc; May, 52ss@5234c. Oats-May,
327sc. Pork-January and February,
S14O7l2; May, S1435, Lard-January and
February, STATE; March, S7.52l2; May,
$50. Short Ribs-January and February,
S745; March, S7.52l2; May, $3.50.
THE ROUTINE REPORT.
CHICAGO, Jan. 3O.-The market on change
opened week and unsettled Today, although
there was bearish feeling all day in the
wheat pit. Prices closed about the same as
at the opening. May wheat opener a shade
off at 81 5sc. During the earlier part of the
session there was disposition to await the
visible supply statement and May sagged off
to Sl5sc under light scalping trade. When
this figure had been reached war rumor was
circulated which started the crowd to buying
and caused May to advance TO S2ISc, but at
the advance there was enough selling to put
it back to Sl7sc. The visible supply state
ment was about what was expected. A de-
crease of COG, GOO bu had bad effect on prices.
May closed at S17Sc. Corn during most of
the session was rather quiet. though at times
it was fairly active. The feeling was steady
and trading largely of a local character May
corn opened Off 1sc at 5234 e sold off to 52IaGl
525sc, advanced to 53lsc on the strength of
the war scare reacted and closed at 525sl
p2an nAf NX-arn NlanvA
offerings to sell by February longs and
e441c decline in prices was the result. May
delivery ruled fairly active and also easy, yet
there was no essential change in prices
February sold at 29c and May at 32s4 @33Isc,
closing at 327sc. Provisions. owing to a
largely increased receipt of hogs accom-
panied by reduction in prices, exhibited an
easier feeling. and prices were lower on all
the leading articles. Nav pork opened 1Oc
lower at Sl4.40, declined to 81 40 before
reacting, remained steady at that figure for
some time, reacted to Sl4.42l2 on the war
news, and again broke to S1435. on realiz-
ing at the advance, became dull and unin-
teresting and closed at S14.35. Lard was
fairly active and prices ruled 2l2@5c lower,
and easier. May closed at $40 decline
Of 7l2c.
THE QUOTATIONS.:
TIL leading futures ranged as follows:
Wheat, No. = - February, opening 1880,
closing at 755sc; March, 7614c, closing at
76Ssc; May, S17sc, closing at S17Bc; June,
SZAc, closing at SZSsc. Corn, No. 2-FebrIl-
ary, 47S4c, closing at 4734c; March, 4S4c,
closing at 4Sc; May, 52s4c, closing at 526sc;
June, 52s4c, closing at 52Slc. Oats, No. .
May, 33, closing at 327sc. Mess Pork, per
bbl.-January, S13.97l2, closing at S1407I2;
February, Sl4, closing at S1407l2: May,
$14.4O, closing at Sl4.35. Lard, per 100 lbs
= February, S7.l.l2, closing at S7.47l2;
March, $50, closing at 81 80; May, 81. .62I2,
closing at S7.65; June, S7.67I2, closing at
$40. Short Ribs, per 100 February,
S7.45, closing at S7.45; March, S7.55, closing
at S7.52l2. May, S7.72l2 closing at $40.
Cash quotations were as follows: Flour-In-
quiry slightly improved; prices steady and
unchanged. Wheat-No. spring, 75s4@177c;
No. 5 spring, nominal; No. 2 red, soc. Corn
No. 2, 4Ts4c. Oats-No. 2, 29029I2e
Rye-No. 2, 62l2c. Barley-No. 2, SO
@S4c. Flax Secd-No. 1. S1.46. Tim
Othy Seed-Prime, S2.4602.47. Pork-Mess,
per bbl, SI4.l lO6ll4.12l2 Lard-Per 100 lbs,
81 .42l217.45. Short Ribs-Sides Qoose),
S7.45: dry sailed shoulders, (boxed), So 900
g.; short clear sides (boxed), S7.S507. so.
Whisky-Distillers' finished goods per gal.
$1.l3. Sugars-Cut loaf, 9@Sl2c; granulated,
7Ssc; standard "A" Csc. Receipts-Flour
10000 bbls; wheat, 20, 900 bu: corn, ia
900 bu; oats, $4,000 bu; rye, 1000 bu;
barley. 10000 bu Shipments-Flour, $4,000
bbls: wheat 1900 bu; corn, $1,000 bu;
oats, 1000 bu; rye, 5000 bu; barley, Al
600 bu. On the produce exchange to-day the
butter market was rather quiet but firm;
creamery, 22@32c; dairy, 1S023c. Eggs
20422c.
r. M. NEWPORT & SON.