St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-04
The COMMERCIAL RECORD.
Bulls Take Hold Of May Wheat and Send
Up the Price Nearly a
Point.
Weakness in Corn and 0ats..-H0g
Products Also Going by The
Board.
Financial Matters in the Monetary
Centers---The General Quota
tons.
Special to the Globe.

Ep6Clal 10 the 04Ope
CHICAGO, Jan 3.-There was plenty OF
bearish feeling in wheat to-day in this mar
ket but the bears were slow TO sell. They
have not forgotten the break of &c last week,
and the rally which followed, pulling May up
to S.. Os again. In addition to this feeling of
caution, the crowd thought they discovered
pretty systematic buying this forenoon, and
traced tito Fairbanks Kent and Hutchinson.
The houses which did the most buying open
ly were Counselman, Poole, Sherman and
Boyd L. Co. The decline i'll prices at North
western markets and the New York feeling
would usually have added to the weakness
here, but the market here was not weak after
II o'clock. January was quoted mostly at
99l2c February was steady at 81. May
sold at 81 .037s, toS1.Oi, to 81. O3ss, to Sl.04.
TO S1.03s4. to $1.0434, to 81 .o4ls, to S1.04ss,
the closing price last night at l p. IN. July,
Csc to 9514c to S5c, to $3.50. to 95l2c at the
same hour. At New York 1t was wired that
exporters did little selling and that the
trade was bearish in the extreme, and in
sisted that May wheat with them must go
back to 81. May wheat at noon was off 1c at
New York at ST. .05; lie at st. Louis, at 99&c,
Receipts were go cars, with cars of winter
and l car of spring. The contract grade ex-
ports were practically nothing, and pri-
mary receipts aggregated about 10000
Blu. After l o'clock May wheat
weakened from S1O4as to S1.04lS
and then on squirt of buying on bull dis
patches TO Baker and others from the North
west, the price went 10 81 .05ss, and closed at
S1.05A, or 5sc over last night. There was
depression in corn to-day. Prices went off
several points with a very Slight improve
ment at the close. The cause of the weak
H.
cash corn. Receipts were 297 cars, with 81
cars of No. 2, and 80 cars of No. 4, and the
estimate for Friday at 131 cars. New York
cleared $4,000 blu. There was fair activity
ard further break in the price of provisions
this morning. The prices of hogs at the
yards were fairly steady with receipts est
mated at Is 600. There was a great deal of
liquidation early by sellers of moderate lots
of pork and other products. The raiding
was led by Baldwin. 1t was claimed that
Armour & Co. were buying and selling to
blind the trade, but were credited with TAX
ing good deal more than they sold. The
The stocks as published showed los, 00O bbls
of pork. $4,000 tierces of lard, and over 49,
1000 pounds of short ribs. Packing i'll the
West for the past week was estimated at TO-
600 hogs less than the same time last year.
Prices here opened 10c lower for May ribs,
at $3.50, 2isc lower for lard at $3.50, and
12l2c lower for mess pork, at $13.10 Ribs
went Off is 6.77l2 and returned to S6.So to-
ward the close. Lard sold down to $40
and returned to S7.47l2. at l p. m. Mess
pork went off for May to So go, a break of
32l2c from last night, and returned to
S13.O5, just before the close. Oats sold off
i2c for May from the opening on free offer
ings, and closed Ac lower, Receipts 81 cars.
THE GENERAL QUOTATIONS..
The leading futures ranged as follows:
closing at 81: May, S1.o37s. closing at
$1.05A sJuly, 95e, closing at 96c. Corn-No
2, january opened at 33s4c closing at 33lsc;
March, closing at 34s4c; May, 36a4c,
closing at 36a4c. oatso,No. 2; January,
closing at eSlsc. Mess pork. per Dbl. Janu-
airy opened at S12 62l2, closing at S12.57l2
March, Sl2.s2l2. closing at S12 80; May.
$l3.1o, closing at S13. Lard, per 100
s7.27la; March. S7a5. closing at s7.37ls;
May, 81 so. closing at S7.47l2. Short
ribs, per 100 lbs, January opened
at March s6S 81 s,s clos c1agsiDg at $$6s
Cash quotations were as follows: Flour
nominally unchanged Wheat-No 2 spring,
99%@S1; No. 8 spring. $4,000; No. 2
red. 99A@Slc; Corn-No. ?, S3@3331Sc.
BarieyMSone. Fax Fax sesdENo. i, sl:5 5
pork. per Dbl, S1262I2@12.65. Lard, per
100 lbs, S7.27l2@7.3 80. Short ribs Qoose),
Sc, 62l2@6.65. Dry sailed shoulders (boxed)
S6.75@6. S7la. Short clear SIDES (boxed)
goods, per gal, Sl.03. Sugars unchanged
Receipts-Flour 10000 bbls: wheat, 2l,OO0
bu; corn, 2e6, 600 Blu; oats, $4,000 Blu; rye,
5000 bu; barley, 10000 bu. Shipments
FIonr IL 600 bhls. wheat Dr. GOO
Blu; corn 693 bu; oats, 1872, 1000 bu;
blu: rye, 10000 bu; barley $4,000 bu. On
the produce exchange today the butter
market was neglected; fancy creamery, Csc;
good to choice, 22@23c; fine diaries, 2U@
22c; good TO choice, 19@20c. Eggs dull at