St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-18
THE COMMERCIAL RECORD.
Smaller Shorts, Fearing a Bulge, Buy
Largely Of Wheat and Strengthen
the Situation.
Corn Looms Up Strong, Oats Continue
Dull, Cold Weather Helping
Hog Products.
Financial Transactions in the Monetary
Centers---The General Quota
tons.
Special to the Globe.

CHICAGO Jan. 17.-There was no very I'M
portanU news of any kind IN wheat to-day
and no outside business. Fluctuations were
not so great as on previous days. and very
many seemed 10 be waiting for something
decisive before attempting to follow the
market. There was good volume OF trade,
however, most OF the session. and not a few
of the leading bulls and bears took part IN
the business Receipts were % cars, with
80 cars estimated for Friday. The grading
was very poor. Primary receipts were Dut
go, 200 bu Among the best BUYERS here
were Schwartz upee. Ream, who was
supposed to be covering, and Mitch
ell. There was pretty general Duy-
ing by the smaller shorts who
fear bulge The bears claim to be greatly
encouraged because there has been no sub
stantial rally from the ST. mark. There was
talk of eight boat loads taken at Baltimore
for export. AS some wheat recently reported
taken in the same way turned up in New
York a few DAYS later, the news was not
much of bull card. Export clearances Of
wheat and -four were but $4,000 blu. Sales
of May here were at $1.O01s, to$l to 81. OOl2,
to 81 OOA, to 81 .O11s, to S1.00ss, to $1.O1A
1 p. m. July sold at from 915Sc to 92c. The
best price of the day was touched in wheat
shortly before the close, when May sold at
Sl.Ol4. The close was at S1.Ol@1.O11s, or
exactly lie over last night. Corn was very
dull in a speculative way until thirty
minutes before the close, when the
pit suddenly filed with traders
and there was some very boisterous bidding
and an equal amount of bluffing without any
great selling. The furry had the effect Of
starting prices up trifle. 1t was rumored
that house short great quantity started
the bidding. Receipts were Ids cars, with
40 cars for Friday. Export Clearances
from Atlantic ports, 200 blu. Oats were
very dull with less than SEC f1uctuation in
the price of futures. Receipts, SO cars.
Provisions were the dullest for many days.
The market opened with show of strength
with lard and ribs 21ac and pork 1Oc over
the close last night The colder weather
and light receipts of hogs helped to
strengthen the market. Before the morning
cal May ribs sold at Sc. STA and back to
So. So; Nav lard at S7.22la and back to
S7.20; May pork at $500 and back to
S13. Is. Later the pit was very dull. with
lard and ribs steady and mess pork between
$13 1912 and $500, closing at $13.17l2, or
712c higher for the session.
THE ROUTINE REPORT.
CHICAGO. Jan. 17.-Just fair business was
transacted in wheat to-day, and the feeling
was stronger, with prices sustained above the
closing quotations of yesterday. The open-
ing was about the same as yesterday S clos
ing figures. but steadily advanced, with only
slight fluctuations, 11Bc above inside opening
figures, receded Sac, again advanced Use and
closed firm at about lie higher. There was
good local buying, part of which may have
been influenced by the sudden change in the
weather. The ground in the winter, wheat
districts is reported bare OF snow, and fears
OF freezing weather may have induced some
covering. and also buying on long" account.
rumor that nine boatloads had been in
New York for export had a strengthening
effect, though the report was subsequently
denied The light movement from first
hands attracted some attention, Corn was
dull and neglected early in the session, trad
ing being of a light local character, with
fluctuations very narrow. The feeling was
quotably firm, and the market was much the
same as on yesterday. There was little in
any outside news of consequence received,
but at the close prices were 14@ssc higher
than yesterday. In oats only moderate inter
est was taken and decreased volume of
business was done at a trlfe higher prices
than Yesterday. Trading was moderate in
mess pork, and the feeling was steady. Prices
were 5@7l2c higher early in the day, but the
appreciation was not supported and the mar
ket closed quiet. very quiet feeling pre-
vailed in lard and the feeling was steady:
closed o,,iet Trading was moderate in short
ribs and The changes in prices were slight
-- The GENERAL QUOTATIONS..
The leading futures ranged as follows:
cios;ng at a6Isc. March. 97Mc. closing at
ole! NAV At 0OIa. closing at 81 OF: ,Jllv.
OF Sac closing at 92ssc. Corn-No. 2, JanI.
arv onened at 33sac. closing at 34c: March,
sc s?e oatsSo JsnnaTy oPsnso # s4sse