St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-26
The COMMERCIAL RECORD.
Bears Flock With the Bulls and May
Wheat Takes an Upward
Turn.
Corn Eases Off Half Point---0ats Dull
and Provisions Duller Than
Ever.
Financial Operations in the Monetary
Centers---The General Quo
taiions.
Special to the Globe

ppecld1 10 lle Gl0De.
CHICAGO, Jan. 25.-Wheat was active again
the greatest part of the session, with I'M
usually large transactions at times. The early
market showed a great deal of weakness.
Very much of the wheat that was bought to
cover yesterd; y while a little bull news pre-
vailed was sold out to-day. Prominent among
the sellers were Cudahy and Ream. con-
spicuouS for weeks on the bear side. Trego
& Co. were persistent sellers and the wheat
was credited TO Bloom as principal. Inc
government December report on the growing
winter wheat crop was bearish enough to
cause general selling. A bull furry was
started on the theory that the report was
mistake, or that the crowd had jumped at a
conclusion too quickly. This caused reac-
ton, and the best point of the day previous
TO p. m. was touched on the bulge. The
action at the seaboard was trif1e encourag-
ing. Receipts we've 81 cars, with very little
No. and only 81 cars estimated for Satur-
day. The &C ion for May in this market
was 97l4c, to 97L2c, to 96l2c, TO 9178c, to
csc at l o'clock. The wheat market be-
came very buoyant the last half hour. There
was good buying reported by Baker, Cobb d
Mccormick, and the crowd turned in to buy
on the up turn. The close was. at the out
side for the day, at 9S3sc for May This was
7Sc over last night and 175c over the lowest
point touched this morning. There was talk
of 100000 decrease in the visible for
the week. There was not the same anxiety
among BUYERS of corn for he early months
as shown yesterday. The market was firm
early with the closing prices OF Thursday
maintained until near the close, when prices
eased l2c for May. Receipts were 19S cars.
Estimate for Saturday, $50 cars. Shipments
here, 10000 blu. Export clearances were
oyer 400, 900 bu. Oats were dull and steady.
Receipts, S3 cars. Without any particular
pounding and with little other excuse
than there is little demand for
the stuff at any price; mess pork
opened 37iac under last night and
declined soc further the first hour. Prices
touched Sl1.72l2 for May before the call.
Later there was q rally in May to Sl1.97l2
but there was no vigorous buying, and the
trade now talk 4c for hogs and $40 for pork
before the decline is at end. Short ribs
sold off zoe early to $6.17l2 for May, and
lard, which is in better demand dropped but
Toe from last night to So for May. Con-
servatiye traders say the price of pork is low
enough. but that there appears to be no con-
fiuence III any material reaction at present.
THE ROUTINE REPORT.
CHICAGO, Jan. 25.-Tradiug was quite ae-
tive in wheat, and a large business was
transacted. Heavy covering of shorts and
some new buying by two or more houses re-
ported. The feeling was somewhat unset
tied, ana fluctuations were confined within
21Sc range. Opening sales were made at the
closing figures of yesterday, TO shade under,
but the market became quiet and prices de-
clined with some changes, Use. then rallied
irregularly DISC, ana closed about 78c higher
than yesterday. The early decline was due
TO a rush to realize. but when operators I'M
dertook to buy there was not much wheat
~ reaction followed
The decline was Evidenced by the govern
mont report, which IL was claimed indicated
an increased acreage planted to winter
S Sasat to acre ae cn4n vas Of noGg
in sparingly. fluctuations being mar
row and transactions limited to local opera
tors. The feeling was comparatively steady,
the range of prices being much the same as
on yesterday, though at the close the market
was lac lower. Oats were quiet. with small
improvement in values Quite an active
business was reported in pork. Prices were
very irregular. Opening sales were made at
Tl2c decline, which was followed by a fur
Their reduction of 30@32I2e. Later prices
flucttated considerably within range of
12l2@15c, and the market closed firm at
about m-dinm figures. Considerable interest
was manifested in lard. Prices were irreg-
ular. Opening sales were made at 2l26l5c
decline and further reduction of 7la@l Zoe
was submitted 10. Later the market showed
E1ore steadiness and prices rallied sore and
ported in short ribs tut the market Was
greatly unsettled Early sales were at Toe
decline, and Il further reduction of 10c fol-
loved. Later prices rallied 7i2@10c aud the
market closed steady.
THE GENERAL QUOTATIONS.
The leading futures were as follows:
Wheat--No = January opening at Ole clos.
ing at 945sc; February, 9a38c, closing at
944sc; May, 97Ac, closing at 9834e; July,
S9Ac, closing at S97Sc. Corn-No. 2 Feb
ruary, 33S4c, closing at 35c; March, 314Sc.
closing at 35t2c; May. 37c. closing at 3634c.
Oats-No. . January closed at 2484c; Feb
ruary. 247sc, closing at 25ssc May, 27ssc,
ruary opened at Sl1.35, closed at $11. 44La;
March opened at Sl1.52i2 closing at
SLIGO; May, So 02l2, closing at S11.97l2.
lard (per 100 lbS)-February opened at
$s0. closing. at S6.s2l2; March, opened
at $3.50, closing at $3.50 May, $6.92l2,
closing, at ST. 9212 Short Ribs (per 100
'bs)-Febuary opened at So. OLE. closing at
SIS Oslo; March, S6.l712, closing at
So l2l2; May, S627l2, closing at $6.25.
Cash quotations were as follows: Flour
dull and unchanged. Wheat-No 2 soring
94lE@9458c; No, 3 spring, s5G093e; No. .
red, 94l2@949sc. Corn-No. =, 34S4c bid
Oats-No. ,, 25c. Rye-No. 9. 4ec. Flax
Seed-No. 1, SI.61. Timothy Seed-Prme
SI55 Mess pork, per Dbl, Sl1 go Lard
per 100 lbs, S6.7s &C SO Short ribs sides
(oose), 6.05@G. 10. Dry sailed shoulders
(boxed), S6@6l2I2. Short clear sides
finished goods, per gal S1.03. Sugar-Cut
loaf, T$4@SI2c; granulated, Use; standard
A, 67sc Receipts-Flour 5000 bbls; wheat
10000 bu; corn, $4,000 hu; Oats, $4,000
bu; rye, 1900 bu; barley. 5S, 900 bu. Ship
ments-Fiour. 1850 bhls: wheat IL, Onu bu;
bu; barley, 46,0 10 bu. On the produce ex
change TO-DAY tie butter market was dull