St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-06
THE COMMERCIAL WORLD.
Wheat Opened Firm, Advanced Trifle
and Closed Very
Steady.
Provisions We're Heavy, and the Mar
ket Was Slow During the En-
tire Session.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special 70 the Globe.

Special 10 the Globe.
CHICAGO Feb. 4.-Wheat, which was de
pressed and lower on the curb, opened firm
and advanced 10 S2Ssc, and at which price
Hutchinson doomed up as seller, ana
checked further improvements. The price
dropped 10 S2c, but hardened and acted firm
later at S2Isc. Wheat cables were better and
private London and Liverpool adviceS told
of change in sentiment, there holders being
less anxious TO dispose of their property.
The market is described as being decidedly
improved in tone. Corn ranged o2%05Sc
early. The inevitable and irrepressible odd
Hutch did the gallery play on the pro
vision pit this morning. He offered May ribs
al S7.S5. and passing his card around, told
everybody 10 take what they would at that
figure. The crowd helped itself TO 100000
lbs. which was about the amount Hutch was
supposed Ia be long. Thus he has been elm
mated as a factor in the rib deal. But will
he stay eliminated! lie probably won't if
be thinks the trade wants him to stay
out Provisions were inclined to weak
ness, May lard going down 10 S4.S7l2,
and May pork 10 Sl4.47l2. Throughout the
whole day the inquiry for wheat was inf
mitely greater than the pressure TO sell. old
Hutch" took This occasion to unload huge
line previously taken on, and had it not been
for him the market would have probably ad
Vaneed strongly. As il was the price Of
May went TO S2Ss6S2Iec, with the demand
still unsatisfied. There was better and
more diversified buying than has been wit
messed in the wheat pit for thirty days. The
foreigners have generally covered their short
wheat here and elsewhere, and they seem 10
be in the market on an increasingly liberal
scale on the long side. Exporting houses re-
i. ~ /
increased inquiry for flour. The fact is,
English millers1nd merchants have bought
so little wheat since December that consump-
ton is catching up with them, and they are
now forced 10 make provisions for the future.
The threatening aspect of affairs on the con-
tinent may have stimulated action somewhat.
AT any rate the tone of the foreign
breadstuff market has undergone
quite change for the better during the past
two or three days. \ strong advance here
now would meet with ready sympathetic re-
Spouse from the other side, unless appear
ances are sadly deceptive. The occident all
favor the bull side of the market i'll the est
nation of conservative people.
Corn was dull and hardly budged, while
wheat was climbing. An increase in receipts
is looked for, and these are expected TO have
depressing effect on values The corn roads
are furnishing cars more generously than
heretofore and there is now nothing to pre-
vent forward movement of the property
from the back country. Closing prices to-day
are an improvement in wheat over yesterday.
corn remaining substantially unchanged. Pro-
visions were heavy and dragging all day.
"Old Hutch" was steady seller. but he came
TO the protection of the market whenever it
looked particularly weak. He was intent on
III,
AnglO-Americanis supposed TO be practically
out Of lard.
THE ROT T NE RETOLT
CHICAGO, Feb. 4.-Ihe grain markets were
Started ont strong on the report of the Aus
tro-G e 7man alliance. Wheat was the center
of interest and there vas fair activity and
some nervousness in the pit most of the ses
sion. May wheat opened at S2c and imme-
0iaIely advanced 10 S2Ssc. Persistent selling
by leading operator subsequently broke il
20 S2G S2lsc, at which figure trading became
quie-. Nearly ali OF the big houses with
eastern conI ections were liberal purchasers
of wheat, and after the heavy selling men
toned ceased, May tirmed up TO S214c. and
just before the close again touched the high
est figure of the session and closed at 50 $50.
Corn was quiet and little of interest devel-
oped in the market. Many of the regular
traders were in the wheat pit. Prices kept
within Lc range, and the closing prices were
the same as on Yesterday, May closing t527ac
Oats were also undressing and May closed
duh at 33c. Provisions were quiet and a
shade easier, the close finding pork 2I3c lard
55I7l2c and short ribs 2l2G13c lower. Ar
rivals of hogs were fair and the market
weaker. The big local traders, with one or
two exceptions, were not in the market to
any extent. One operator, however, sold
about :, 800 tierceS of lard and 1000. 600
pounds of short ribs. After the large traders
withdrew the market was given over to scaip-
ers, who traded lightly, and the market be
came stupid. May pork sold at S14.47l2@
50 and closed at S14.52l2. May lard at
s.. S7Ia6r7 % and closed at 81. 90. Short
ribs at 7.72l2@7.77l2 and closed at IT'S.
The packing since Nov. 1 is 1,4S2, 600 hogs,
decrease of IS. 900 from last year. At the
present rate of increase the shortage will be
overcome before the season closes, unless the
upply of hogs materially decreases.
THE QUOTATIONS.:
The leading futures ranged as follows:
Wheat-No. 2, February, opening 7614c,
closing at 76$4c; March, 765sc, closing at
S27Sc, closing ar S3c. Corn--No. Q. Febru-
AIRY, 4Sc. closing at 477sc: March. 4SIsc. clos
ing at 4slsc; May, 52a4G9527sc, closing at
552Isc., 0ats-No. 2, May, 33c, closing at
closing at SI4.27l2; March, S14.27l2. closing
at Sl1.27l2: May, SI4.52l2. closing al
SI4.52l2. Lard-Per 100 lbs, February,
s7.75, closing at S7,72l2: March, $50
$3.50. short Ribs.Per 100 lbs,
March, S7.62l2, closing at $3.50;
May. SITE. closing at S7.75.
Cash quotations were as follows: Flour -
Quiet and steady; winter wheat, So. SOFA
4.35; spring wheat, SI.75G45O: rye, 50. &c
@3. Is: buckwheat, S205.50. Wheat-No. 9
spring, 76$s@77l2c; No. 5 spring. 66a.67c
Oats-No. 2, 29@30c Rye-No. 2. soc
Barley-No. 2, S1@92c. Flax Seed-No. /.
SI.46. Timothy Seed-Prime, S2.46. Pork
Mess. per Dbl, SI4. 251l43O. Lard-Per 100
I, II
S7.57I2; dry sailed shoulders, (boxed), sea
6.05; short clear sides (boxed), SS@S. O5
hisky-Distillers finished goods, per gal
Sll3 Receipts-Flour, 10, 900 bbls; wheat
bu; rye, 5000 bu; barley 28, 900 bu. shin
ments-Flour, 1000 bbls; wheat, 10. O0C
bu; corn, $4,000 bu: oats, $4,000 bu; rye
5000 bu; barley, $4,000 bu. On the pro
duce. exchange today the butter market
was dull; creamery, 22la@30; dairy. 17l20
Zoe. Eggs. l9T21c,