St. Paul daily globe., 1889-01-21
THE COMMERCIAL RECORD.
A Decided Let Down Without Sharp
Breaks in the Price of
Wheat.
Corn and Oats Tumble in Sympathy
Hog Products Declining
Also.
Financial Transactions in the Monetary
Centers---The General Quota
lions.

leCdoWn III the price or wheat To-Day, Will
out any sharp break or any developments
that indicate what the future of the market
may be. The opening this morning was l2c
under the close for May at $1.O1A. There
was little rally to $1.O1ss, but this was the
slow decline to $1.0l early,
ness. Later it was quite apparent
that Blooms wheat was being sold out
through two or three houses. The figures
wired from New York, giving the available
wheat here, i'll Europe and afioat at l43, ,O0O,
600 bushels, against l22. OoO, 900 year ago,
though containing nothing very new, were
circulated and helped the decline. 1t was
after 12 o'clock when May dropped below
81 .01 and quickly fell back 1851 .OOl2. There
was more or less of struggle among
the scalpers all day, which caused
the pit to appear active. The decrease in
the visible supply talked Of for Monday is
about 100000 bu. Primary receipts to-day
were q trifle under 100000 bu. Receipts
here were IA cars, with 5 cars contract
grade. Wheat closed at very nearly bottom
prices for the day. with May l 1sc lower than
last night Corn started about steady and
showed some strength during the fore
noon. February sold up to 35e and
May up to IAe. Later there was weakness,
and prices closed $s to l2c under best prices,
ana about Ac under last night. Receipts
were 1874 cars; estimated for Monday, 134
cars. Shipments, $4,000 bushels: clearances,
3l3,G00 bushels from Atlantic ports. There
were but five cars of No. grade received,
and less than twenty cars of contract
stuff for the week. Oats were dull
and ls@14c lower. Receipts, "A cars.
The trade in provisions was quite brisk at
times to-day. Sellers were numerous and
anxious, and prices were pounded to lower
point than for some time. Receipts at the
yards were light but prices were sc off with
nearly 10000 left over from Friday. Re-
celpts for the week were 143 900 agaidst
121, 600 one year ago. Packing is still 310,-
600 benin this date last year,
the aggregate being 1,O08.O00 hogs.
1t was thought early that there
was some selling for Baker in the pit. Sing
er and Wright sold lard freely. There
selling orders from the outside. Grain oper-
ators went into the pit and sold for country
customers on stop orders At the close pork
sold 12l2c lower, lard 2l2@5c and short ribs
5@7l2c lower.
THE ROUTINE REPORT.
CHICAGO. Jan. 19.-The wheat market
ruled Qniet and rather tame most of the ses- /
sion. The opening was about ssc lower than
yesterdays closing, advanced slightly and !
then declined 1lsc, sold within small range
and closed about lc lower than yesterday
The weakness in the market was attributed
to a falling off in the demand. the support
of the market being removed by
lack of buying orders. At the
same time there. was fair selling
by parties who recently have been buying.
The decline was assisted by the report that
the New York Mail and Express would pub
lish a statement showing that the supply OF
wheat and flour in the United States, afioat
responding date last year. Speculative trad
ing in corn was only Of moderate volume,
transactions being confined largely
to The operations of room trad
ers. The market opened at about yes
terday;s closing prices and was quotably firm
for time, but offerings soon became liberal,
and prices declined SEC, reacted trifle, be-
came quiet and inactive. closing 1sG4c lower
than yesterday. In oats there was fair trad
600 bu. weaker feeling developed
and was increased by the decline in
wheat and corn. Late in the
session dullness prevailed, and closing
prices were at lS@Ac decline from yester-
days close The near futures were inactive.
A fairly active trade was reported in mess
pork, but the market was somewhat un-
settled and the prices irregular Esrly there
was a fair demand, and prices gradually i'm
proven IOVDl At2C. LdlcI luc OuCIlIlSS WSIG
enlarged and prices settled back again.
feeling was steadier, and prices rallied
50712c, but were not supported, and closed
easy. An unsettled and weak feeling pre-
vailed in lard during the greater portion of
the day. Early sales were made at please
advance OH the closing figures of yesterday.
Later the market weakened and prices de-
clined 10@l2l and the market closed easy.
Trading was moderately active in short ribs.
prin rnna6l6 orEn
closed easy.
THE GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 January opened at 967s, clos
$I.1A, closing at 81 0Oss July, ,927sc. closing
ing at 92c. Corn-No 2 January opened at
34l2c closing at 34Ac; March, 355sc. closing
at 35ssc; May. SIC, closing at 367sc; July,
37l2c, closing at 374c. oats-No. 2 January
closing at 251sc; May, 27s4c, closing al 27l2c
Mess Pork, per bbl-January opened at
$1o65, closing at SHAPE: February,
sI255, a closing at at 42l2; May, s. s12 s5'
February a v opened at $500, closing at
Sc. .s7ls March, s6.97l2, closing at Sc. .s7ls:
May. S7.o742. closing at 81. Short Ribs. per
100 lbs-February opened at S6.55,
Gosng e at 49, Is Ma March S66e s clos
Cash quotations were as follows: Flour steady
and unchanged. Wheat-No. 2 spring, 9534
096lsc: No spring. s5l2@sSc; No. 2
red, 9584@961se Corn-No. 2, 34Als@35.
ley-No. 2, nominal. Flax Seed-No 1,
Si.62. Timothy Seed-Prime, $l.5S@159.
Mess pork. per bbl. $3.50. Lard, per 100
lbs, S6. S2l2@16.S5. Short ribs. sides Qoose),
$645, Dry salted shoulders (boxed), SEQ
6I2l2 Short clear sides. (boxed) Sc. s7I2
az. Whisky, ,distillers' finished goods, per gal,
S1O3. Receipts-Flour, 10000 bbls; wheat,
$1,000 bu; corn, $4,000 bu; oats, $4,000
bu; rye, 1000 bu: barley, 5000 bu. Ship
ments-FIour. 5000 bbls; wheat, $4,000
bu; corn $1,000 bu; oats, $4,000 bu; rye,
1000; barley, 21 900 bu. On the produce ex-
change to-day the butter market was dull;
fancy creamery 24@25c; choice to fine,
10000; choice to fine dairies, 16@lSc;
good TO choice, I1Ml2c Eggs steady at l5c