St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-28
THE COMMERCIAL RECORD.
Belief in the Approach Of a Cold Wave
Rsasts The Price Of Nay
Wheat.
Corn Unchanged SO Oats Exceedingly
Quiet. and an Improved Feeling
In Provisions.
Financial Operations in the Monetary
Centers-.-The General Quo
tati0ns.
Special to the Globe.


CHICAGO. Jan. 2e.-The wheat market
showed fully as much strength to-day as on
Friday. There were two distinct bulges be-
fore i o'clock The first was Immediately
after the opening, when May advanced IRON
CSC to 995sc. Before noon the prices re-
turned to 99c, and shortly before l p. M,
May went to $3.50 the second time. There
was no significance in the movement at any
point. Receipts here were % cars, without
a car of No. 2 stuff, either winter or SPRING
Such outside news as there was helped the
bulls somewhat. From st. Louis came a re-
port of 100000 bu taken by the
millers for shipment to Texas, and
good quantities taken also by local
millers. There was good de-
mand for cash wheat among millers at other
points. The belief that cold wave is ap-
preaching helped the upward movement.
Bloom was credited with covering quite
line. There were no very conspicuous trans
sactions in the pit. but the buying was gen
eral on the improved feeling. During the
last fifteen minutes of the session May wheat
sold up to $3.50 and back to 99Ac. the clos
ing point. There was little change in prices
for corn in the pit. Receipts were larger,
but the grading worse. Out of 312 cars only
8 graded No. 2. There is talk of
manipulation of prices on the other side,
with a view to affecting this market.
Oats were quiet, and but little changed in
prices. Receipts, 10 cars Mess pork for
May delivery hung close around ST. today,
with sales early at 12l2c below and Tl2c
above that point. Sales of ribs and lard for
May delivery were not at any time DC above
or below closing prices last night. There was
an improved feeling on the whole, which re-
suited in but slight reaction in prices. This
was noticed most in May pork, which opened
at S11 95, sold to $1l .s7l2 and S12. U7l2. rest
ing at about S12 before the close. There was
better outside demand, buying by local
shorts. and better prices tor hogs.
THE ROUTINE REPORT.
CHICAGO, Jan. GA large speculative
business was transacted in wheat to-day, and
the feeling developed was stronger and
prices higher Active buying to cover shorts
and good buying OF longs wheat also re-
ported. The undertone of the market was
much stronger, and operators manifested
more confidence, but at the same time there
vas a feeling of uncertainty, and they looked
upon the advance with distrust. The open,
ing was slightly easier, and prices declined
tons 11sc. This advance brought out fair
speculative offerings, and possibly an at
tempt to break the market, under which
prices declined Sole, again rallied to
outside figures. and closed 7sc higher
than yesterday. Foreign markets were quoted
quiet and steady, with California wheat
quoted slightly higher. and domestic markets
were stronger with Duluth scoring liberal
advance. The report that 100000 bu OF
wheat had been taken at st. Louis TOR April
delivery, to go to Galveston, and $4,000 Blu
by local millers had some effect in advanc-
ing prices. Corn was in much the same con-
dition as yesterday. There was very little
interest manifested, and the volume of bust
II
PLAYED on the whole was rather easier,
from Yesterday. Oats were quiet
but steadier, with little disposition
to trade. Trading was quite active in mess
pork. The market opened somewhat irregu,,
lar within 5@1Oc of yesterdays closing, and
further advance of 15@2Oc was gained.
Later the feeling was easier and prices re-
ceded 7l2@lOc. and closed comparatively
steady. A fairly active trade was reported
averaged slightly higher and the market
closed rather firm. a moderately active
trade was reported in short ribs. and the
feeling was stronger. Prices ruled 2l295c
higher and the market closed steady.
THE GENERAL QUOTATIONS.
The leading futures were as follows:
Wheat--No January closed at 95Ac;
February, 95sSc, closing at 0oAc; May,
9sAc, closing at 9sAc; July, s9s4c, clos
ing at 9ose o GoTnmN o. s,c fe9 Muaag'
closed at 512c; May, 36s4c. closing at 36@c.
Oats-No. 2 January closed at 24S4c; Feb
ruarv, Csc, closing at 25c; May, 27Ssc,
closing at 27l2c. Mess Pork (per bbD-
January closed at SLIGO; February
opened at SIT; e2la, closed at SLIGO;
May, $1I90, closing at $11.97l2. Lard
(per 100 lbs)-January closed at $3.50;
March, opened at S.. S212, closing at S.. 500;
May. $685., closing at $692l2. Short Ribs
(per 100 lbs)-Febuary opened at S6.02l2.
closing at &c. 10; March, Sc, Is, closing at
S617IS; May, S6.27l2, closing at $3.50.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. soring,
95@95Ac: No. spring, s7@9sl2c; No. 2
red, 95@95Ac. CornvNo. 2, 34a4c. Oats
No. 2. Use. Rye-No. 2, 4Sc. Flax Seed
No. /, SLIGO. Timothy Seed-Prime, S1.53
@1.54. Mess pork. per Dbl, 81 60@11.6 81
Lard, per 100 lbs, Sc. e2l2@6.s5 Short ribs,
sides 0oose), So. 1906. 22la. Dry sailed Shout
ders (boxed), $6@6. l2l2. Short clear sides
(boxed), S637l2@6.5o. Whisky-Distillers'
finished goods, per gal, S1.03. Sugar-Cut
loaf, unchanged. Receipts-Flour, 1000
bbls; wheat, 5000 blu; corn, 10000 bu;
oats, $1,000 hu; rye, 1000 bu; barley,
IS 900 blu. Shipments-FiOur,1 IL 900 bills;
wheat, 81 900 bu; corn, SO, 900 bu; oats, ST.
900 blu; rye, 5000 bu; barley, 35, 900 bu
On the produce exchange to-day the butter
market was dull and unchanged. Eggs dull
\ -, \ VA An