St. Paul daily globe., 1889-01-09
The COMMERCIAL RECORD.
4 Variable Wheat Market May Fu-
ture Showing Great Activity on
the Upturn.
Corn Shows Up Stronger. Oats Follcw
Suit, Hog Products Closing
Firm.
Financial Operations in the Monetary
Centers---The General Quota
tiOnS.

CHICAGO. Jan. s. The wheat market was
very variable to-day, the price of May turned
on S.. .O5 When above that price it was
shaky, and when below it seemed strong.
The most decided break of the day was on
the free selling of several houses of long
wheat supposed by the crowd to be the hold
tngs of Kent There was no important out
side news or outside trade. The New York
market was unusually firm and steady. with.
out much activity Hutchinson was again
on the selling side here, but as on yesteld day,
he was overpowered, and the market went
beyond his figure. Receipts here were 60
cars, with IS cars for Wednesday. There
were no exports to speak of aside from 5000
bbls of flour at New York Liverpool cables
were more encouraging and gave an upward
tendency for American wheat ror future de-
livery Among the buyers early in the day were
Dunn d. Co., Schwartz & Dupee Mitchell d
Lndblom. When the bulge came the crowd
turned buyers, and the best activity was on
the upturn. May sold S1.O5 to S1055s, to
B1.O5, to S1.O5A, to S1.04ss to S1.O5A, 10
E1.0434, TO Sl.03l., TO S1.O314, and to the
closing price. July sold between 967S@9512c.
Primary receipts were about 10000 bu.
There was & better feeling in corn to-day
than for many days Lamson Bros. led the
bu Dunn & Co. and Poole were sellers. The
crowd was inclined TO be bullish. Receipts
were $50 ears. with 1S2 cars for Wednesday.
Shipments here were 173, 900 bu, and export
rlearances were only $4,000 bu from At
lantic ports. The grading showed 26 cars
pfN NO. = and 81 cars of No. 4. January sold
at 33l2@l337sc 10 close; May, SIC, to 367sc,
TO 374c, closing at 37lac. Oats were quiet,
and 14@ssc higher Receipts, 191 cars. The
large receipts Of hogs, $4,000, and
the lower prices at the yards caused pro-
visions to open from sc to 15c lower. There
was also disposition to raid the market
The lowest prices of the day were touched
shortly after the opening, when sales for
May were at 81 for short ribs, 1882 for lard,
and 81 40 for mess pork. Later there was
good buying of lard and pork by Armour &
Co. and others, and prices advanced all
around, and closed at about the outside for
the day, with January ribs $500; lard,
$7.37l2; pork. S13.27l2; May ribs, $40;
lard, $3.50; pork, S13.65. The delivery of
1900 tierces of lard caused a widening be-
tween January and May of several cents.
Receipts of hogs at six pack ing points were
$4,000, against SO, 600 one year ago.
THE ROUTINE REPORT.
CHICAGO. Jan. S.-A fair business was
transacted in wheat, and the feeling was IN
settled. General indications were favorable
for better market, and prices did average
higher. but there was more or less opposition
to the advancing prices, in the shape Of free
offerings by two prominent local traders.
The opening WAS strong, 1sQlSBc higher than
yesterdays closing and advanced ssc more;
later eased off under free offerings, and
prices declined lAc, again rallied 1lbc, fuc-
tuated some and closed l2e higher than yes
serday The principal feature of strength in
the market was the strong tone of European
hdvices, both private and public cables quot
ing higher prices. Domestic markets did
until late III the day. Shorts covered freely,
and good buying was credited to houses
who have foreign clientage,. both on
..'long' and short account. better feel
ing was developed in corn, and trading was
of larger volume than for some time past,
though the range was narrow. There was q
large line of shorts covered one house be-
ing reported as buying 100000 bu. Trading
was largely in May and at 37037lsc Offer
ings were very liberal. two or three houses
selling Within the range mentioned. The
market opened at yesterdays closing prices
.Rnd advanced ssc, ruled steady, and closed
only moderate interest taken in the oats
market. Outside orders were in rather Inn
tted supply, and local traders were inclined
TO go slow during the greater part OF the ses-
near and distant futures. and prices
advanced Is@Ac, and the market
closed firm. Quite good spec
nlative trade was reported in mess
pork, and prices ruled with considerable
srregularity. AT the opening the feeling was
weak, and sales were made at 15QD17l2c de-
eline on the closing figures of yesterday.
Later the market exhibited more strength
and prices rallied 15@20c, and fluctuated
considerably within small range and closed
comparatively steady. Trading was quite
active in lard and the feeling was somewhat
unsettled. A reduction of 2l2c was estab-
ilished at the opening, but prices later i'm
proved SC. Later reduction of 10@12l2c
Evas submitted to, but near the close rallied
2l9@5c and the market closed steady. Trad
ing in short ribs was moderately brisk and
prices fiuctuated considerably. Prices opened
a0@12l2c lower, but quickly advanced 7l29
1Oc. Later a weaker feeling was developed
and a reduction of 10c was submitted to-
Toward the close the market was stronger
and prices rallied 507l2c, and closed steady.
THE GENERAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. =, January closed at 81 .O0A;
February opened at $1.01l2, closing at
$1;o1l2: May, S1.O5A, closing at $1:05ss;
January opened at 33l2c closing at 337sc;
March, 35lsc, closing at 35Lc; May, SIC,
closing at SIC. Oats--No. 2 January opened
AT 24s4c, closing at 25c: February, 25Ac
Mess pork, per bbl-January opened at
BI3.25, closing at SIS. 27I2: February, $3.50.
closing :at S133O; May. S13 .42l2, closing at
$3.50. Lard, per 100 lbs-January opened
at S7.37l2, closing at S7.3712; February,
k742l2, closing at S7.42l2; May, 81 62I2,
closing at $3.50. Short ribs, per 100 lbs
january opened at S6.95, closing at
$500; February, $6.97l2, closing at
Cash quotations were as follows: Flour
steady and unchanged Wheat-No. spring,
S1@1.O014 No. spring. S6l2c for choice;
No 9 red, S1@1.O0M. Corn-No. 2, 33a4c
Dats-No. 2. 247sc. Rye-No. q 4sc Bar.
ley-None Flax Seed-No. 1,S1.6I Timothy
Beed-P1ime. firm. Mess pork, per bbl,
Bl3.25@13. 80 Lard, per 100 lbs, S7.4O@
7.4213. Short ribs Qoose), $500. Dry
salted shoulders (boxed) unchanged.
Short clear SIDES (boxed) unchanged.
Whisky, distillers' finished goods, per
gal, S1.03. Sugars-Cut loaf-unchanged
Receipts-Flour, 5000 bbls: wheat, 10000
bu: corn, 160, 600 bu; oats, $4,000 bu; rye
5000 bu; barley 10000 bq. Shipments
Flour, $4,000 bbls; wheat $1,000
bu; corn. $4,000 bu; oats, 1O4 600 bu;
rye, 5000 bu; barley, $1,000 bu. On
the produce exchange TO day the butter
market was dull and unchange. Eggs easy
at Ice.
r. M. NEWPORT & SON,
Investment Bankers,