St. Paul daily globe., 1889-01-08
The COMMERCIAL RECORD.
Boisterous Talk of Dollar Wheat Ras
Little or No Effect on the May
Future.
Corn Dull snd Heavy---0ats Show Some
Strength, and Hog Products Gain a
Few Points.
Financial Operations in the Monetary
Centers---The General Quota
tons.
Special to the Globe.

Special to the Globe.
CHICAGO, Jan. Tt was waiting scalping
day in wheat until after II o'clock, and until
after the visible supply figures were settled
upon. For the forenoon there was fair ac-
ton to the market, witt o 1t any general tend
ency. Sales ranged early at S1.o3s4 ana
$I.04l2 for May. There was very oearlsh
feeling at outside markets, particularly New
York, where the talk of ST. wheat was more
boisterous than usual. The market here was
supported by Isome influence at Sl.o4' put
above that it was weak. The visible supply
showed decrease of 39s, 900 bu. This was
not as much as last year, but year ago
some railroads were blockaded, and
free movement to market was impossi-
BILE. The fact that the decrease this week
reached nearly 400, 900 bu with everything
favorable for shippers and prices considered
high, was a good bull card. A p. ~. May
wheat sold up to 81. .05 a. or nearly 1c over
the price an hour before. There was little
furry, but it did not last long, and prices
went off ssc to close. Receipts were AZ cars
with but 8 cars No. 2. Hutchinson was
seller during the morning, with Mitchell a
fair buyer Corn was extremely dull, with
the market heavy early and a better feeling,
with better prices at the close. The visible
supply increased 1913, 900 bu, Receipts
were 264 cars, with 3S9 cars for
Tuesday. Shipments here were 243.-
900 bu, and Atlantic export clear
Rnces were $1,000 bu. The unloading
process in oats appears TO have ended with
last week. Receipts to-day were 1l3 cars,
With l53 cars for tomorrow. The visible
supply decreased a few thousand bushels
There was fair activity and good strength in
provisions most of the session. The receipts
90 /, A ha1n tl1oo stir
was some pretty good buyiug on outside ac-
count, and the strength was helped along by
shorts, who did not feel safe in staying out
longer Receipts of hogs were 14,00O, with
prices sc higher early. Receipts at six pack
ing points were 81, 1000, against 1000 one
year ago. Opening prices for products were
2l2@1Oc higher for May delivery. Short
ribs for that month sold up to $7.20, an ad-
vance of 17l2c over the close Saturday. Lard
sold 1Oc over the close at S7.7212, and mess
pork sold up to S13.7212. May pork closed
at S1357l2.
THE GENERAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2. January opened at 9s1sc,
closing at 997sc; February, 997sc, closing
at S1.O1ls: May, $1.O37s closing at 81. .O47s,
July, 947sc, closing at 95s4c.. Corn-No. 2.
January opened at 33Ac. closing at 33ssc;
February 34lsc. closing at 34Ae; March
365sc, closing at 367sc. .Oats--No. 2,
January opened at 245sc, closing at 24s4c
February closed at 23lsc; May, opened at
27B4c, closing ut 28c. Mess pork, per bbl-
January opened at $500, closing at ST. 800;
February, $500, closing at S13.2 .25; May,
Sl3.45, closing at S1357la. Lard, per 100
lbs-January opened at $7.55. closing at
s7.45; February, $7.5742: closing at $3.50;
@s pef 1So ibsanGaTy rs opened at % e7ps W.
closing at $685.; February, S6.95, closing
at 81; May. $7.15, closing at $7.15
Cash quotations were as follows: Flour
9912G9s7sc: No. 3spring; so@soe; No 2
red. 99l2@997sc. Corn-No. 2. 33Ac bid.
Oats-No. 2, 2434c. Rye-No. 2 4Sc. Bar
ley-No. 2, nominal Flax Seed No. l,
$1.6l. Timothy Sc, Seed@Pgime, - $1;5o@I.5ir
per 100 lbs, $3.50. Short ribs Qoose),
$695@7. Dry salted shoulders (boxed)
ST. S6.37l2@6.50. Short clear sides, lboxedl
$7.12l2@7.25. Whisky, distillers' finished
s@s9sc; granulated, Use; standard A, 7lsc.
ReceiptsNFlour, 10, 900 bbls: wheat, $4,000
bu; corn, 1873, 900 bu; oats 114O00 bu; rye,
5000 bu; barley, $4,000 bu. shipmean6tssmo IS
bu; corn, 243,o bn; oats, 1Is, 900 bu;
rye, 5000 bu; barley, $4,000 bu. On
the produce exchs a e today the butter
market was dull; fancy creamery, 26@
29c; choice to fine, 20@22c; fine dairies.
SOOb
and easy at 16@17c.
THE ROUTINE REPORT.
CHICAGO. Jan. IA moderate business
was transacted in wheat. The early feeling
was weak and prices declined ssc below clos
ing figures of Saturday. but rallied 1ssc later,
and after some fluctuations. closed about S4c
higher than Saturday. There were pretty
fair offerings early in the session. and oper-
ply was announced showing decrease. the
market sagged off trifie. But there was
very good buying around $1.O4 and under
for May, and the decrease in the visible no
doubt stimulated some buying, and a reac-
ton of ?4c followed, then sold off sac gain,
rallied with same fluctuations, this time sell
ing to the outside prices of the day.
and the closing was steady. There
was some little outside business
and some selling orders from mill
ers in the Northwest were received, while
one large local trader was credited with
being free seller, others were reported as
being free buyers. In corn trading was again
on the light local order, little interest being
manifested in the market the entire session
Fluctuations were limited to M1S8c. The
market opened at about Saturdays prices,
and at the close showed 1s@Ac advance In
oats a fair volume of business was trans
acted, especially during the latter part of the
session. Early the market was quiet and
easy. Later the strength and advance in
wheat induced buyers 10 take hold moder
ately and prices for May advanced
was quite brisk in mess pork, and almost
exclusively for May delivery. The market
opened rather firm at 15c advance, and
further appreciation of 15@l7l2c was gained
Later prices settled back 7l2@l0c but rallied
quickly 10@12l2c. Near the close the mar
ket was easier again at 7l2@10c decline and
closed quiet Quite good speculative trade
was reported in lard, and the feeling was
stronger Opening sales were made at 90 1Oc
advance, but reaction of sc was quickly
submitted to- Later the market showed more
com paratively steady at medium figures The
market for short rib sides was moderately ac-
tive and the feeling was stronger. Prices
were advanced 10@15c and the market
closed comparatively steady.
r. M. NEWPORT & SON.
Investment Bankers,
152 1873 l54 Drake Block Loan Money