St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-17
The COMMERCIAL RECORD.
Weakness in the Wheat Pit at the Close
Due to Sales by Frightened
Bulls.
Little Stir in Corn or 0ats---S0ne In
provement Being Shown in
Provisions.
Financial Transactions in the Monetary
Centers---The General Quota
lions.
Speeial 10 the Globe.

Special 10 the Globe.
CHICAGO Jan. 16.-Wheat touched us pest
point for the day shortly after the opening.
The opening price for May was S1ol a, tsc
higher than last night Hutchinson was DO
ing some small buying and some big bidding,
but he turned seller at the top, S1.ols4. From
that point, the price went Oft on reallzihs
sales to 81 07s snd for an hour. the price hung
close around $1.01. The crowd knew lnas
Blom was long and that he could be easily
scared At the first material decline peIoW
81 .Ol his chat came out May went OH 10
Sl.OOls quickly, and on continued selIihg py
many houses, the price touched 81 snortiy
after II o'clock Baldwin & Farnum sofa
100. 600 blu at that point There was rally
to 81. On14. a second little break to 99.sc,
with considerable activity Among the pear III.
nuences talked on the floor were the report VI
the ST. Louis Millers' association, estimating
100000 bu more wheat in mills IMAM
wear ago, and the rumor that the Prlce Cur
rent will substantiate the crop hgures Oh MI.
Dodge tomorrow. Later dispatch was re-
ceiyed on the floor stating that the Prce Cur
rent does not confirm the crop report nuV III
absence of complete returns, accept the ne-
ures for deductions. From this the estlmale
is made that there are 2S,0OO,ooo pu OF e&-
portable wheat for the next SIX months, Oh
which 100000 bu are on the Pacific
coast. Primary receipts for the day were
1O7. 900 blu. Export clearances almost moth
ing, aside from flour. Ten minutes before
the close, May bulged from 997sc to S1.COaS,
falling back to ST .oOIs. The wheat market
was weak to the end, closing at
ST OO1s for Nav. There was little
stir in corn to-day in this market. Prices
No q
ceipts here were but rs cars, with 1 car OF
No. grade Shipme MS were $4,000 bu
here. and clearances at the seaboard were
liberal-about 100000 blu. The provision
trade was not heavy to-day, and prices
changed less than for many days. Prices
opened a trife higher, with 5000 hogs estl-
mated at the yards. Later the hogs were
found to number about $4,000. and prices at
the yards declined a few cents On THIS there
was decline in prices OF products. Snort
ribs for May sold at $6.90@6.S2l2, closing at
Sc. So. Lard for May. $3.50 early, to $I.lIl2
at the close. Mess pork sold at Sl4.17l2 on
to SIS, and closed steady at $l3. l2l2. re
celpts at six packing points were o4'ooo.
against $4,000 one year ago. Oats were oull
and without material change. Receipts, 62
cars.
THE ROUTINE REPORT.
CHICAGO Jan. 16.-Wheat was again fairly
active, and prices ruled both hlgner ana
lower than Yesterdays closing. Inc market
started out very firm and about lie h!gher
than Yesterdays closing. being conunua,
ZION of the frmness developed Yesterday and
the result of good buying possibly the
nestle markets all sympathized with the ad-
vance and all opened higher. Bat the az,
vance brought out considerable wheat, ana
it was reported that parties who did the
buying yesterday were pTomineht t1io,a ene
to create weakness and changed the tendency
of prices downward. Prices settled back,
with numerous fluctuations, 17sc. This de-
cline was partly assisted by rumors tna 5
the Cincinnati Price Current would
publish all article confirming the agricultural
report and also by the report of the
winter wheat millers' association. Ihe mar
ket became stronger upon the receipt OF q
dispatch from the editor OF the Price cur
rent. in which he stated that the exportable
surplus for the next six months would pc
$4,000, 900, of which 100000 was on the
Pacific slope. The close was steady and
about l2c lower than yesterday. corn was
moderately firm early and later became
ouieter and easier The market opened 1sc
higher than the closing prices OF yesterday;
1t was finn and advanced lsc, but later easeo
off 1A04c and closed about the same as yes
terday. Oats were more active, but STEADY,
with about the same range as yester-
day, An unsettled feeling prevailed In
mess pork, and prices ruled some
what irregular. Opening sales were at
be advance, but with slightly increased oier-
ings the market weakened and prices gradu-
ally receded 17l2@20c. Later the market
ruled steady, and prices rallied 1Zl2gloc,
and closed comparatively steady. Consloera-
BILE interest was manifested In lara ana an
unsettled feeling prevailed. Early a rev
sales were made at 2I2@5c advance, but offer
ings being liberal weaker 1eellng set III,
and prices were reduced 10@15c. Toward
the close, the feeling was steadler again, ana
prices rallied 2l2@5c, and closed quiet.
rather a quiet feeling prevailed in short ribs,
and prices ruled irregular. Early sales were
made at 2I2c advance, but the market weak
ened and prices receded 7l2@1Oc. Toward
the close the market was steadler, ana prices
rallied 2l2@15c and closed quiet.
TEE GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. . January opened at at 971sc.
closing at 9514c; February opened at 96c,
closing at 96c; May, SLOPE, closing at
ST.; July, 93Ac, closing at 9l12c. Corn-No.
2, january opened at 331Sc, closing at 33a4c;
March, 35lBc, closing at 35c; May, 36a4c,
closing at 81 sac. Oats--No. January closed
1t 247sc; May, 279s closing at 27asc; J Mess Les
Pork. per bbl-January closed at $3.50;
March, $3.50, closing at $3.50: May.
S13.1713, closing at $13: 1912. Lard, per
100 lbs-January opened at ", closing
May, S7.27l2. closing at S7.17!2. Short
Ribs, per 100 lbs-January opened at $6.65,
closing at S6.67l2; March, $3.50, closing at
1913; May. $500 closing, at $685..
Cash quotations were as follows: Flour
steady and unchanged. Wheat--No.
spring, 95@95Ac; No. 3 spring, so@s7c;
No . red 95lB@95Ac. Corn-No. 2, 33a4c
Oats-No. 2, 24s8@24l2c. Rye-No; 2. 47c.
Barley-No. 2, nominal. Flax Seed-No. 1,
Sl.63 Timothy Seed-Prime, $l.5S. Mess
pork; per DBL Sl2so. Il Lard I'd per 100 Obs lbs
shoulders (boXed), $6.25@6.37l2. Short
clear sides (boxed), 81. l2l2@7.25 Whisky,
distillers' finished goods, per gal, $1.O3.
Sugars-Cut loaf, 7s4@sl5c; granulaled
714c; standard A, re. Receipts-Flour, 13,-
600 bbls: wheat, $4,000 bu;. corn, 49, 900
bu; oats, 100000 bu; rye, 1000 bu; bar
ley, $4,000 bu. Shipments-Flour. 5000
bbls; wheat, 5000 bu Go6 corn S $1,000 bu;
900 blu. On the produce exchange to-day
the butter market was dull and weak: fancy
creamery, 24@25c; choice to fine. 1S@25c;
fine dairy, 16@l9c; good to choice, 11@
12c. Eggs easier at 15@15I2c.