St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-29
The COMMERCIAL RECORD.
Bulls Get the Frightened Bears Into
Corner and Force Up HAY Wheat
Point.
Corn and Oats Almost Neglected, the
Firmness in Provisions Petering
Out EARLY.
Financial Operations in the Monetary
Centers---The General Quo
tatiOns.
Special TO the Globe.

CHICAGO, Jan. 2S-Wheat sold higher
again to-day, and the bulls fell quite jubilant
st getting the price of May over 81 again
early without any great effort. As the day
advanced it became apparent that no decided
bulge could be expected. There was good
deal Of bluster about some of the buying, ana
the same parties were credited with filling
up the crowd later. During the morning
May sold at 99I2c, up TO Sl."0Ss, back to
99ssc, and up to S1.0U4 twice again before
noon Part of the strength was on the
decrease in the visible supply. The esti-
mate was from 100000 to 100000 bu
decrease, and the final figures showed
decrease of 1904, 700 bu. This was antici
peted during the time the figures were com
ing in, and later there was enough realizing
10 put May back to the opening price, 99l2c,
at - 80 p. IN. Then there was a rally to
99sc before l o'clock. The heaviest selling
of the day was traced TO Mccormick Co.
Jones Kenneth. Schwartz, Dupee Il Co.. and
other big houses bought early Cables were
slightly bullish. Export clearances were
less than I0o, 900, both wheat and -four,
from Atlantic ports. Toward the close OF
the session there was less strength and the
crowd was pretty well loaded with wheat
taken on the advance. Exporters were
doing little at New York, and the price of
May there being lower than in this market.
had depressing effect. There was a raid in
wheat during the last ten minutes of the
session. The crowd attempted to sell out
suddenly and prices went off 1l2c in short
order May dropped 10 9SSSc and closed
at 9Sl2c 1t is thought that Fairbank has
largely increased his holdings on the reaction
and that the break puts heavier load than
ever on his shoulders. Receipts were 3
rlyat,u l,tt 10 liStr rhaH
Receipts here SO ears, with but e cars of
No. and SO cars of No. q. Shipments here
were 81 ,0C0 blu; export clearances were
large, AGO, 900 from New York, Philadelphia
and Baltimore. The estimate for Tuesday was
36S ears. The visible supply decreased
5000 bushels. Oats were as nearly neglected
as usual Of late, and fluctuations were of the
narrowest sort. Receipts were 123 cars.
The visible supply decreased 277, coo bush
els. There was better feeling in provisions
early, but it old not last long. Receipts of
hogs at the yards were 10000 but there were
none left over, and all parties were buyers
early with prices l0c higher; receipts at six
leading packing points were $4,000 against
Al, 700 a year ago With the hog market act
i've. firm and higher, prices started 10 to
12Isc higher III the pit Sales for May UP to
p. M. we're So. 35@6.4o for short ribs
S6.97l267. 20l2 for lard, and 81. l1l2D12. 20
for mess pork. Just before the close prices
weakened still further and mess pork sold at
Sl2 for May.
THE ROUTINE REPORT.
CHICAGO, Jan. pa fair business in
wheat was transacted to-day, but it was prin-
cipally local The feeling, although unset
tied, was rather strong most of the session,
though realizing sales at the advance pre-
vented the market from holding up, and
finally II q decided SlJ1mn
Opening sales were AG5l2c above Saturdays
closing and prices advanced sec more, then
declined with frequent fluctuations, about
7sc. ruled steady for some little time then
broke off rapidly and closed &4c lower than
Saturday. The early strength and advance
was due to the prospective realization of the
large decrease expected i'll The visible supply.
But the advance brought out free offerings
under which the market declined &c but re-
newed buying influenced some by reported
taking of two boat loads of wheat at Balti-
more for Antwerp started prices up again to
the outside range. At about this time The
visible supply was announced but the effect
had already been anticipated. and as opera
tors were long all effort to sell resulted
in again creating weakness, and prices de-
clned to the inside figures. Corn was rather
quiet most of the session. The dealings in
futures were in fair request with fair offer
ingS. The visible supply was about the only
feature worthy of note. 1t showed decrease
Of about 5000 bu, which was contrary to the
tendency to create considerable strength
when il became known. The cash market
was quiet at about Saturdays prices. The
speculative market opened at about Satur-
days figures, flctuated within lac range and
closed lsc better than saturday. In oats the
visible supply decreased 2TG 1855 bu. This
was more than expected, but failed to stimu-
late trading, and quiet and steady feeling
prevailed. There was better feeling in pro-
visions early, but it did not last long. With
higher
prices started 10@l2lac higher i'll the pit.
Sales of May up 10 p. m. were St. :'5@6 40
for short ribs S6.91l297 .02t2 for lard and
b12 for May pork.
THE GENERAL QUOTATIONS..
The leading futures were as follows:
Wheat--No. 9 February. 9Gl2c. closing at
9l4ci May, 99l2c, closing at 9Sl2c; June.
97Ac,a closing at 95l2c; July, Ole, closing
ing at 347sc, closing at 35lsc; March,
35l2c closed at 555sc; May. 367sc closing at
36s4c; July, closed at SIC. oais-No. 2
January closed at 24s4c; February. closed
June, 27yac, closing at 27l2e. Mess Pork
closed at S1165; May, Sl2,lo, closing
st$12O2la; Jme,S SIC. 1t, closing at So, 17l2;
lpe5r 100 lbsJ-Janaary, s6.s5, closed at
$685.; February, So 90, closing at Sc. 1l2;
May. opened at 81, closing at S6.97 y; June,
$7o2L3 closing at S95l2 Short IT Bibs
tper 1uU lDSl-January, closed at DO. lZto
FEBRUARY opened at S6.15, closing at
So l2la; March, S622l2, closing at
$500; May 500, closing at S6.32la.
Cash quotations were as follows: Flour
Better feeling; no sales reported. Wheat
No. spring, 94s4c; No. red, 94a4c asked.
COrn-No. 2, SAGE, Oats-No. 2. 25c. Rye
No. 2. 4sc. No 2 barley nominal Flax
Seed-No. l, $1.6O. Timothy Seed-Prime,
$1.5 @1.51. Mess pork, per Dbl, Sl1 65Q
11.75. Lard, per 100 lbs, $3.50 Short ribs,
sides Ooose), 6.15@6. 22l2. Dry sailed shout,
ders boxed, $6'Q6. l2l2. Short clear sides
{boXed), $6.37le@6.5 ,. Wbisky-DistllerS
finished goods, per gal, S103. Sugar-Cut
loaf, 7s4@Sl2c; granulated. Use asked.
standard A, 67sc Receipts-Flour, 5000
bbls; wheat, $4,000 bu; corn, $4,000 bu;
oats, 10000 hu; rye, 5000 bu; barley.
$4,000 bu. Shipmcnts-Fiour, 1000 bhls;
wheat 10000 bu; corn, G7, 900 bu; oats, S.
600 bu; rye, 5000 bu; barley, 5000 bu.
On the produce exchange to-day tie butter
market was firmer; creamer,, 16@26c: dairy,
14@2lc. Eggs plentiful and lower: fresh,
12i2@l3l2c.