St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-05
The COMMERCIAL RECORD.
A Feverish Wheat Market, in Which the
Bears Have the Best
Of It.
Corn and Oats Held Steady---All Man.
ner Of Hog Product Advancing
Slightly.
Financial Matters in the Monetary
Centers---The General Quota
tons.
Special to the Globe.

Special to the Globe.
CHICAGO, Jan. 4.-There was q good inter-
est in wheat to-day and the volume OF trad
ing was fair, but the range of prices was
narrower than for many days. The opening
price of May was at $1.O5ss, where it closed
last night. The greatest depression OF the
session was during the first hour, when the
price went to 81. CAS-. The greater part of
the business for the day was between Sl.04l
and 81. Q5, and it was not until the last han
hour that the price got above S1.O5 and ap-
preached the opening figure. 1t was just
o'clock when May touched $1.O5ss for
the first time after the opening. The
thing which bothered the trade and gave
quiet strength toward the close was
the query as to who was taking the half
million or more sod by Hutchinson. Gables
were bullish ON spot wheat and bearlsh OH
futures. There were no clearances 10 speak
of, but a report was circulated that three
boat loads were taken for export at Baltl-
more. Receipts were 16 cars, with car of
No. 2 and 20 cars estimated for Saturday.
There was little disposition to take chances
on the wheat market before the close and
prices closed about 12c under last night with
affected by anything today. The fail
ure amounting to 100000 at Amster-
dam on an Australian corn deal was not felt
here. Receipts were $50 cars. with 10 cars of
of No. and 90 cars estimated for Saturday.
Export cIearances were 100000 bu and
shipments here were All 900 blu. Oats were
fairly active. The outside price for May was
2S@2SIsc. where 100, 90, bu were sold. The
price touched 2134c and closed at 277S@2Sc.
Receipts were y cars and the estimate so
cars. The news from the yards this morning
did not affect the provision pit Lard, which
has more than any other product, caused the
recent break in prces was less active and
prices kept within narrower range. May
lard opened a trife stronger at $3.50, sold
down to S7.45 and back to STATE. Short
ribs were firm and higher. selling at S6.S2l2
early, and then up to Sc. 90 for May. Mess
pork opened at S13 for May, sold down to
S12 90. &c over the opening price of Thurs
ay.and up to S13. 1912 at ]. p. NJ. The mar
ket was strong all around before Inc close.
May pork touched $l3.25 and closed at
$500, with May ribs $6.95 and lard at
S7.52la, or sc over last night.
THE ROUTINE REPORT.
CHICAGO, Jan. At was one of those mar
kets again which operators in wheat could
not decipher. The action of some large oper-
ators was mysterious and misleading, and
while fluctuations were not wide, the feeling
nevertheless was unsettled. Most of the
trading was on local account. outside bust
ness being reported light. The opening was
about the same as yesterdays closing, and,
under free speculative offerings, prices de-
clined cent. The selling was attributed to
prominent local trader, but at the decline, or
about ST.. O412 for May. there appeared to be
an active demand; and, although that figure
was touched nearly half a dozen times, and
once went just barely below, the demand was
sufficient 10 prevent any further shrlnkage.
The buying appeared to be quite scattered. and
under a steady demand just before l o'clock
prices again touched outside figures, closing
steady and a ,ut SSc lower than yesterday.
Corn ruled exceedingly quiet; in fact, the
market was quite dull the entire session,
fluctuations being. within very narrow
range, and transactions limited exclusively
TO the operations Of room traders. The feel
ing was paratively steady. and at the close
the leading futures were trifie higher than
the closing prices OF yesterday. oats were
quiet and steady most of the morning. After
midday. offerings for May delivery suddenly
increased. several large operators selling
freely. The Milwaukee, bull party very also
credited with unloading. This caused gen
eral selling by longs. and prices quickly de-
clined 140ssc and brought good many stop
order holdings At the bottom shorts began
to cover and a small rally followed. the
market closing steady at slightly below
were quiet and easier. A good trade was re-
ported in mess pork. but fluctuations in
price were frequent, though confined within
comparatively narrow range. The market
opened at yesterdays closing figures. and
prices rallied 5@s7I2c. Later reduction of
10(112l2c was submitted to, owing 10 slightly
increased offerings. During the latter part
of the session the feeling was feeling was
firmer, and prices advanced 25@30c, with
comparatively steady. Trading was only
moderate in lard, and steadier feeling pre-
vailed. Prices ruled II @l2l2c on the whole
range, and the market closed steady at out
ported in short rib sides. The feeling was
firmer. and prices ruled 5@7l2c higher. and
the market closed steady at outside figures
THE GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. = January opened at 81,
closing at 99a4c: February, 81. 015s, closing
at S1.O1: May, S1.O5ss. closing at 81 .047s;
July, 96e. closing at 96c. Corn-No. 2,
January, opened at 33lse; closing at 33l4c;
at 24a4c: May, opened at 2slsc, closing ut
277sc. Mess pork, per Dbl. January opened
at $3.50, closing at S12.70; February,
opened at $3.50, closing at S7.37l9;
March, 81. 40. closing at S7.45; May. 81 so,
closing at S7.52l2. Short ribs, per 100 lbs,
se e9aary March, Ge se75 closing at al0s sss2ls
May. $685., closing at $685.
Cash quotations were as follows: Flour
nominally unchanged. Wheat-No. spring,
99A@99&c; No. spring. 9. @96c; No.
red. 99A@99s4c. Corn-No. 2. 33Ac.
Oats-No. ,, 2484@247sc. Rye-No 2. 4Sc.
Barley-No. 2, 73c, fob. Flax Seed-No 1,
S162 Timothy Seed-P1ime, S1.5t@1.51.
Mess pork, per Dbl. S12.75. Lard, per
100 lbs, S7.37la. Short ribs Qoose),
S655: Dry sailed shoulders (boxed)
$7@7.12la. Whisky, distillers' finished
goods, per gal, $1.O3. Sugars-Loaf cut,
S5sc; graduated, 712c; standard "a. ''' 7lsc.
Receipts-Flour. 200 bbls: wheat 90 900
blu: corn, 15S, 600 blu; oats, 1877 600 bu; rye,
1000 bu; barley, $4,000 bu. Shipments
Flour, 1000 bbls; wheat, 5000
bu; corn, 1000 bu; oats, 90, 900 bu;
bu: rye 5000 bu; barley, 1000 blu. On
the produce exchange Today the butter
market was dull; fancy creamery, Csc;
good to choice, 22@23c Eggs dull at 1912
@l7c.
R. M. NEWPORT & SON,
Investment Bankers,
152, 153, 154 Drake Block Loan Money
on Improved Real Estate Security,
At 6, 81, ., ~ and 8 per cent,