St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-22
THE COMMERCIAL RECORD.
Decrease in the Visible Supply Causes
Fractional Advance in May
Wheat.
Corn Extremely Dull, Oats Advance a
Trifle, and Heavy Slump in i
Hog Products.
Financial Operations in the Monetary
Centers-.-The General Quo
tations.

Centers-..The General Quo
tations.
Special to the Globe.
CHICAGO, u.2l.-The feature Of the wheat
market to-day was the visible supply figures.
The trade expected about half million in
crease. The market opened nearly NC under
the close Saturday, but reacted after the first
few minutes. The decrease at the leading
points was closely watched as the figures
were posted. When the crowd saw de-
crease of pa, 900 blu at Minneapolis alone
there was better bull feeling, and the price
OF May, which had been at $1.O01s. went to
S1.O1. Then st. Louis showed 10000 Blu
decrease; New York, 155, 900 blu decrease;
Buffalo, 100000 bu decrease, and so on.
The price was advanced to 81. OLA, and the
final figures showing decrease of 100000
bushels in round numbers caused May to sci
up to $1.O1l2, or 1Ac over the opening
prices. Bloom was the most conspicuous
buyer while Ream and Cudahy were credited
with selling round lots. There was pretty
free selling at the top, and prices quickly
yielded and May returned to 81 .OOl2. To-
ward the close there was renewed strength,
and at 1 p. m. May was again at $1.O1A,w with
the pit active. July sales were between 92c
and 92lac. Receipts here were 25 cars. with
only two cars of No. 2 grade and an estimate
of 50 cars for Tuesday. Primary receipts
were $4,000 blu and shipments from the
same points 135, 900 bu. Export clearances
Of wheat and -four were 10000 blu.
Cables were bearish early, and at
New York the market was dull,
with exporters still claiming that prices were
5@Sc above their reach. just before the
close May wheat sold back to $1.O0A and
closed Ac over Saturday. The corn market
was very dull and prices little changed.
The visible supply increased 1884, 900 blu,
which was more than expected by most of
the trade. Receipts here were 1O3 cars,
with but two cars of No. 2 grade. Estimate
for two days. for Tuesday, 179 cars. Ship
ments here $4,000 bu. Export clearances,
$4,000 bu. Oats were not specially
active but there was some little
strength before the close, which
caused fractional advance over
Saturday. Receipts weee $50 cars.
The provision market was subject to local
raid of some strength and significance to-
day. The result OF the break in prices was
no doubt the shaking out'of a larSe list of
tailers, and the country trade also suffered.
The extreme decline in lard for May deliv-
cry was 12l2c to $6.S7la in short ribs SC to
$6.47I2, ana in mess pork the break was 45c
straight from S12.s5 to S12,4 with reac-
ton before the close % $12.57l2. The raid
ing was started by Singer, and Farnum,
Young, Fowler and Wright helped the thing
along. The market was without support I'M
til some OF the raiders turned buyers.
THE ROUTINE REPORT.
CHICAGO, Jan. ola fair speculative buSi-
ness was transacted in wheat and the feeling
somewhat unsettled, though no important
changes occurred. The opening was rather
weak, with sales at A@sac decline. and sold
off lac more. This early weakness was evil
IDENTIFY due to the fall of snow, which was
supposed to have extended through the VIII
ter wheat districts. But the market gradually
became strong, and prices were advanced
1ssc. This improvement was due to good
buying, partly on long" account. and one
''bull'S trader was reported as having in
creased his holdings. TWAS also known that
the visible supply would show liberal de-
crease, and this assisted the advancing ten
dency. The subsequent decline OF lie was
attributed to a cable advice giving the stock
of wheat at Odessa as over 100000 bushels
greater than one year ago. Exceptions were
taken to this report. During the latter part
of the session the feeling was steadler,
little interest manifested in corn,
trading being of local spasmodic charac-
ter, fluctuations being limited to l4c range!
The feeling compared with Saturday was
steady, though transactions were at slightly
reduced prices, and at the close the market
was trifie lower than Saturday. Oats were
quiet and steady. There was no pressure to
buy or sell, hence price changes were only
1B61Ac. Considerable interest was mani
tested in mess pork and trading was quite
active. Opening sales were made at lOc adj
vance. but weaker feeling was soon mani
tested and reduction of 4O@45c was SUBJ
mitted to. Later the market ruled with more
closed comparatively steady. Trading was
fairly active in lard, but the feeling was
weak. Prices on the whole range declined
1O@1212c, and the market closed rather firm
reported in short rib sides and the feeling
was weaker. Prices were about 212c higher
at the opening, but the market soon weak
enel and prices declined l5@17l2c. At the
reduction the inquiry was fair and the mar
ket ruled steadier, and prices advanced 7l2@
Toe and ruled quiet.
THE GENERAL QUOTATIONS.
The leading futures were as follows
Wheat--No. 2 January opened at 96ssc
closing at 965sc; February. 967sc, closing at
Corn-No. 2 January closed at 34c; March
opened at 35Ac. closing at 35Ac; May,
36s4c, closing at 36a4c Oats-No: Janu-
airy opened at 2412c, closing at 24a4c; Febru-
dlS ClOSCu Nv @CT6C. -(1ZSS SlOoiiiS az
27ssc. Mess Pork (per bbD January closed
at $3.50; February opened at $12.47l2,
closing at $3.50; May, $12.s5. closing at
s12.55l2. Lard (per 100 lbs)-JJanS1aary
closed at $685.; March, opened at S6.S2l2,
closing at S6.S7la: May, S7.O21a, closing at
$697I2. Short Ribs (per 100 lbs)-January
closed at S6.4O; March. sos ,l2, closing at
S6.4712; May, $685.. closing at $6.57l2.
Cash quotations were as follows: Flour
steady; unchanged. Wheat-No. 2 soring,
964@969sc: No. spring, 9512@99c; No. 2
red, 96A@96ssc. Corn-No. 2, 341Ac bid
Oats-No. 2. 24s4c. Rye-No. 2. 4sc. Bar
ley-No. 2. none. Flax Seed-No. l, $1.62.
Timothy Seed-Prime, $1.57@1.58. Mess
pork. per Dbl, 1925. Lard, per 100 lbs.
SIS. S2I2. Short ribs, sides Qoose), $6.40.
Dry sailed shoulders (boxed), $6@6. 1919.
Short clear sides (boxedl, S6.75@6.87la.
Whisky-Distillers' finished goods, per gal,
81. O3. Sugar-Cut, loaf, 7s4@S12c; granu-
lated, 74c; standard A, &c. Receipts
Flour, $4,000 bbls; wheat, 10000 bu; CORD,
1O7, 900 bu; oats, $4,000 bu; rye, 5000 bu;
barley. "a, 900 blu. Shipments-Fiour, 5000
bu; wheat $4,000 Blu; corn, 90, 900 bu oats,
81, 900 bu; barley, 43, 900 bu. On the pro-
duce exchange to-day the butter market was
dull and unchanged. Eggs steady at 15@16c
- az AIFlAIn@n- ~@Au