St. Paul daily globe., 1889-01-11
THE COMMERCIAL RECORD.
A Weak Feeling in the Wheat PHI,
Prices Declining a Point and
Half.
Corn and Oats Sag in Sympathy.-.-Pro-
visions Of All Kinds Closing Steady
at Outside Figures.
Financial Transactions in the Monetary
Centers.--The General Quota.
lions.

CHICAGO, Jan. 1O.-Each market in the
country was entirely local to-day. Commu-
nication by wire was very largely cut off be-
tween New York and Chicago. The trade in
wheat was but little affected here, as it has
been largely local for some time. There was
little feature to the trade outside of the
fact that Hutchinson was contrary to expecta-
tion, buyer, taking a good round lot at
about the bottom price early. JOnes-Ken-
nett, on the other hand, were good sellers.
Aside from Hutchison, Mitchell wes the big
gest buyer, and his plunging, with the old
gentleman's buying, helped the price Of May
from S1.O4I2 to $1.05. Receipts were 81
cars, with cars of No. winter. Primary
receipts were but 81 900 bu against 10 GOO
bu one week ago. Export clearances were
II, 200 bu of wheat, and flour equal to 73,-
600 bu. Ten minutes before the
close May wheat broke sharply and
sold here at $1.O3, and the pit was the
most active for the week. There was little
explanation for the sudden break. Some
claimed the government estimate for the
year had leaked, and that few operators
had worked the crowd. Others alleged that
the crowd was simply tired again, and that
long stuff was sold promiscuously, and the
market was without support. May closed on
the day. Corn was weakened some by the
break in wheat, and more by the selling of
100000 bu or more by Norton d Worth
ington. Receipts here were 1S4 cars, with
13J cars estimated for Friday Oats were
duh and without important change. Re-
ceipts, 81 ears. The trade in provisions was
light, but the market had firm tone.
THE ROUTINE REPORT.
CHICAGO. Jan. 10.-There was a dearth
of outside news to-day and a quiet and dull
feeling pervaded the market. Wheat prices
huctuated withina small range, covering Ac,
until shortly before the close. when weak
feeling set in and prices declined ll2c very
quickly closing 1l2c lower than yesterday.
At one time the market showed tenn porary
strength, but the advance was taken advan-
tage of to sell on. but the feeling was rather
corn was but a repetition of yester-
day. quiet being the main feat
uree Prices were easy. fluctuations
show ing but little change, and the close was
dull and weak; prices declined ssc, and the
market closed easy. Considerable inter
est was manifested in mess pork, and
the feeling was stronger Opening sales
were made at the full closing figures of yes
terday and further improvement of lG@
ened somewhat, and prices settled back 80
7l2c, but closed comparativeiy steady at out
side figures. Rather light trade was re-
ported in lard. The market ruled steady,
Ribs-Only limited business was reported.
Prices ruled firmer, and advanced 2l2@5c,
closing rather firm.
THE GENERAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. .. January, opened at 99l2c,
S1.03A July, 95lac, closing at 94Ae. Corn
No. 9 January opened at 33l2c. closing
at $3.50: March, 35c, closing at 34a4c:
May, 36s4c, closing at 3ossc. Oats--No
January opened at 247ac, closing at 247sc;
May. 2sc, closing at 27s4c. Mess pork, per
13.22la; March, $500, closing at $I3.35;
May. Sl352l2, closing at S13.5712. Lard,
per 100 lbsmJanuary 81 opened at $50. clos
s745 Y a. Ss NAY s. 5as asen closing sing at GsnS ss7
Short ribs, per 100 lbs-February, oDened
at S6 92l2, closing at S6.92la; May. S7U5,
closing al S7.O7l2. Cash quotations were as
follows; follows Flogr steady and ado unchanged;
spring. s2@9oc; No 2 red97@9sc Corn
No. 2. 35Ssc Oats-No. 2, 24Ss@25c Rye
No. 2. 4sc. Barey-None. Flax Seed-No.
l. S1.62; Timothy oSeedmPlime. $1.54.
per 100 lbs, $7;32l2. Short ribs Qoose),
$6.S7l2@6.90. Dry salted shoulders (boxed),
$6.37l2@6.5' Short clear sides. (boxed),
S7.25@7. 3712. Whisky, distillers' finished
goods, per GAL, Sl:03. Receipts-Flour,
$4,000 bbls: wheat, $4,000 bu; corn, 145,-
900 bu; oats, $4,000 bu; rye, 1000 bu:
barley, So, 600 bu. Shipments-Flour, r.
600 bbls; wheat, 10000 bu; corn. 100000
bu; oats, 10000 bu; rye, 1000 bu; barley,
$4,000 bu. On the. produce. exchange to-
day the butter market was dull and un-
changed. Eggs easy, at 14@15c.
r. M. NEWPORT & SON,
Investment Bankers,
152, 153, 154 Drake Block. Loan Money
on Improved Real Estate Security,
AT O. 81. 7.7M and 8 per cent,
In Shn,toSt Notinn for anu amount