St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-30
THE COMMERCIAL RECORD.
Free Selling by Big Holders Causes
Heavy Slump in May
Wheat.
Corn Featureless, Oats Dull and I'm
changed, and Lower Tendency
in Provisions.
Financial Operations in the Monetary
Centers---The General Quo
tati0ns.
Snecinl to the Globe.

CHICAGO, Jan. 29.-The early hours on
'change to-day were the quietest for week.
There was -Sullness in nearly all pits, and
with the dizziness lower prices for most prod
ucts. The worst deceived parties in wheat
to-day were those who last night declared
that wheat would surely be purchase this
morning. There was SO much of this talk on
the curb that May actually opened Lc over
the close at 9Ss4c, but this was the outside
for the day. In less than half an hour the
price was off to 9Slsc, and after feeble
rally and two or three hours of dizziness the
market was enlivened by further free sell
ing, and the price of May at 1890 vas off 10
97Is, 15sc under the opening price to-day
and SAC under the best point touched early
yesterday. This was an untimely end
ing to the reaction engineered by
the crowd buying freely on the ad-
vance. There was no startling news from
the outside, and few orders except to sell
wheat. The market was duh v hen not de-
Ginning Til e movement was not significant.
Receipts here were 80 cars. Among the
local crowd Bloom was free seller at one
time, and Lindblom was conspicuous buyer
at another time, causing quite rally. The
crowd generally were sellers or nothing up
to D. NJ, when May touched 97c. Wheat
reached its lowest point just before the close,
when May wheat sold on the split at 967s@
97c. Corn was featureless and the pit dull
the entire session. Receipts were 4O4 cars.
Oats were dull and unchanged for future de
livery. There was little activity except in
spurts in the provision trade to-day. Re-
ceipts of hogs were $4,000, and prices were
off slightly at the yards. Products opened
few cents lower III the pits and had lower
tendency before the call. There was some
selling Or raiding by Baldwin & Farnum.
Lard lost about.5c from last night, and mess
pork about Zoe.
THE ROUTINE REPORT.
CHICAGO Jan. 29.-In the wheat pit to-
day quiet feeling prevailed. Business was
mostly local. more so than yesterday, and
lower range of prices was again established.
Considerable quantities of long" wheat
came on the market at about CSC and under
Tor May. The opening was about the same
as yesterdays closing to Ac higher; sold off
I2c, again rallied 10 the outside range ana
huctuated for some little time within l2c
range, but shortly before IL O'Clock became
weak and declined to a point l4c below out
side prices reached; reacted l2c, sold Off 1 l6c
to the lowest point of the day, ruled unset
tied and closed lac lower than yesterday.
The early i1rmness was attributed to the large
decrease in ocean passage as reported by
Beerbohm. The amount of business
transacted in the market for corn to-day
was exceedingly limited, there being but
little disposition to give this cereal any at
tention, and at times the pit was almost de-
serted, Fluctuations were within Ac range.
Receipts were larger than anticipated. but
the grading was poor, only about z per cent
grading contract. Oats were dull and I'M
changed. There was little activity, except
Products opened few cents lower in the
pits and had q lower tendency before the
call; there was then some selling and raid
ing Short ribs sold off from $6.42 to Sc. 25,
"a h a1- fnT Nov nd fob
be from last night, and remained steady at
k6.92Ia for February. and $685. for May.
Mess pork opened at S1L9742; touched
el1.S0; sold back to $11.97l2 after the call,
and steadied around S11.S7l2 tow ards the
CLOSE. May pork one year old sold atS14.17l2
Bl435.
THE GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat--No. . February, 94a4c. closing at
s3ssc; May, 99s4c, closing at 97aSc; June,
95Ac, closing at 81 5sc; July, S9$Sc, closing
pit s9lsc. Corn-No. 2 February, open
Sng at 35c, closing at 347sc; May, 367sc
closing at, 365sc; June. 36ssc, closing at
36ssc; July, 37c, closing at 36s4e; Oats
closed at 25c; May, 27!2c, closing at 27ssc;
June, closed at 275sc. Mess Pork (per bbI
February opened at $l1.50 closing at
e1l.52l2; March, closing at S11.62l2; May,
ibsl@FebruaTy opened at s6.s7l2, closing at
S6.S5; March, $6.s7, closing at $6.e7l2;
May, $697la, closing at $6971a; June,
closed at 81. Short Ribs (per 100 lbs
February opened at S6.12l2. closing at
k6O5; March, $6.12l2, closing at
s6.l2l2; May, S6.33is, closing at 1928.
Cash quotations were as follows: Flour
quiet; prices unclaimed, Wheat.No; 2
toring, 93ss@93l2c; No. 2 red, $3.50 93l2c.
Corn-No. 2 34a4c. Oats---No. 2. 25c. Rye
No. 9, 47l2c. No. barley nominal. Flax
Seed-No. 1, S1.6o. Timothy Seed-Prime,
e1.5O. Mess pork, per Dbl. $11.55@11.65
Lard, per 100 lbs, $3.50. Short ribs, SIDES
Qoosel, So. 05@7. OLE. Dry salted shoulders
iboxed), S606.1S. Short clear sides
Sboxed), $6.3s@6. 3sl2. Whisky--Distillers'
finished goods, per gal, S1.03. sugar--Cut
loaf, unchanged. Receipts-Flour, 5000
bbls; wheat, II, 900 bu; corn, 100000 bu;
oats, $4,000 bu; rye, 1000 bu; barley,
$4,000 bu. ShipmentseoFiour, 5000 bhls;
wheat, 81, 900 bu; corn, $1,000 bu; oats, 49,
900 bu; rye, 5000 bu; barley, 40,000 blu.
On the produce exchange to-day the butter
market was quiet; creamery. 16l2@26c;
dairy, l5@23c. Eggs steady; fresh. l3l29