St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-23
THE COMMERCIAL RECORD.
A Bear Raid Helps the Spirit Of Liquida-
ton, and May Wheat
Drops.
Corn Dull and Featureless, Oats Take 4
Tumble, Provisions Advanc- u
ing Slightly. y
Financial Operations in the Monetary
Centers---The General Quo ~
tati0ns. al
Special to the Globe

Z.
Special to the Globe
CHICAGO, Jan. 22.-There was little outside
news, little outside business and little varia-
ton in prices in the wheat pit the greater
part Of the session to-day. May opened at
$1.O01a, touched ST. .OOss, advanced on mod
crate buying to 81 .O07, the closing price last
night and gradually declined to $1.O01s
shortly before o'clock, at which hour there
was the best activity of the day. 1t was
claimed that the crowd tried 10 get Blooms
long wheat early and failed. This was fol-
lowed by good buying by Hutchinson. Jones,
Kenneth and others. The only significant
figures were those wired regarding a large
increase in the wheat on ocean passage.
the increase being estimated at l,OOO,-
QUO to 100000 bushels. Primary receipts
were 10000 bushels, against $4,000 the
same day last week and 159. 900 the same
day last year. New York had little trade,
no news, no exports, and operators there
were waiting definite turn here by manipu
Iat1on. The operations here were at best
but good scalping trades, with downward
tendency toward the close. There was
sudden furry among sellers in wheat during
the last fifteen minutes. The spirit Of liquid
alton was helped by bear raid which put
the price of May below ST. in short ORDER
The bottom point touched was 99A cents
and at the close at $685. cents, or 11a
cents lower for the day. Receipts were
SO cars. The grading was slightly
improved. with sixteen cars of contract
stuff received. There was little raid in
oats just before the close, without any special
significance. The price of May went off
from 27s4c at the opening to 27Ac at l p
m, p10 of IN.
cars. Corn was dull and featureless all day.
The public cables quoted it tending lower at
Liverpool, and private cables said that the
market was much depressed, and that stocks
were large and rapidly accommodating,
American ports. Shipments were 1914
cars. Opening prices for provisions
were steady or few cents
better than the close Monday.
Then there was slight advance in prices on
buying to cover in lard by Wright and Others
May lard went to S7.12l2, 15c over last
nights, and back to $7.O7L2 before the close.
Ribs for May sold at S6.6O@6.65 and off to
S6.57l3. Mess pork was unsettled but kept
within narrow range, selling for May at
$12.6O@12.72I2 and off to $12.52la before
the close. The price of May pork one year
ago was .25@l4. 35. with hogs but 4Oe
higher than now. Receipts to-day at the
yards were 10000 hogs. and at six leading
packing points 10000, against SO, 600 year
ago.
THE ROUTINE REPORT.
CHICAGO, Jan. 22.-The wheat market was
dull and void OF any new features. The feel
ing developed was rather easy most of the
the range Of lsc, until late in the session,
when prices declined l cent The opening
was ss0l2c lower, recovered this decline.
again settled back 112c, ruled weak and
closed lac lower than Yesterday. Market
advices were generally unfavorable for hold
ers, European adrices quoting quiet, and
weaker feeling, and domestic markets were
lower. The shipment of $500, 600 in gold to
Europe, and indications that this amount
will be increased before the close of the
week, had a weakening effect upon
the market. Cables also report little
over 1,OO0.001 blu wheat on passage
Stocks of wheat at Buda Pesth were $780,
900 bushels larger than last reported. A
correction in the stocks at ODESSA claiming
only 100000 instead of $4,000, 600, as
yesterday reported. This would indicate an
increase over the report of Jan. 1. On the
other hand, the shipments from India show
a falling off of about 26O, 600 bushels during
the past week. The receipts continue small.
Corn was quiet and easier, with fluctuations
confined to narrow limits. The market
openeu al ABOUT yesteruay prices, Infatuated
within ls@Ac range, and closed lsc lower
than yesterday. In oats. during the early
part of the session, dullness prevailed, and
prices declined, A@l2c on May, which was
the principal future traded in.
Later trading Increased, and during
the last hour a fair business trans
PRED at inside figures. Quite an active trade
was reported i'll mess pork, but prices ruled
somewhat irregular. Early sales were made
at about yesterdays closing figures, but the
demand Snflnllnf
somewhat irregularly 1712@2Oc. Later there
was a little more pressure to sell, while the
demand slackened. and prices receded 12l2
@l5c. Near the close the feeling was stead
Ter, and prices improved 21a@5c, and closed
steady. Rather more doing in lard. and con-
siderable strength was developed. Prices
were advanced 10@12l2c, but the apprecia
ton was not fully supported. Trading was
fairly active IN the market for short ribs, and
the feeling was stronger. Prices advanced
5@712c but settled back again, and the mar
ket closed rather quiet at about inside figures
THE GENERAL QUOTATIONS..
The leading futures were as follows:
Wheat--No. 2 January opened at 961Ac,
closing at csc; May, ST. .OO12, closing at 99ssc
July, 917sc, closing at 9l1sc. Corn-No. 2
January opened at SAC, closing at 34c; March.
35lsc. closing at 35lsc; May, 36s4c, clos
ing at $685. a,a.9 oassNo yanuary Opened
Mess Pork (per bbD January closed at
S12.2O; February opened at 2.32l2, clos
ing at $l2.2O; May, $12.60 closing at
closed at Sc. 92l2; March. opened at Sc. 95,
closing at $6.95; May. S7.02I2, closing at
$7.O5. Short Ribs (per 100 lbs)-Jannary
opened at $780, closing at St. 40;
March, $3.50, closing at S647la;
May, $3.50. closing at $657I2.
Cash quotations were as follows Flour
steady; unchanged. Wheat-No soring,
94A@96c: No. 3 spring, SO@97c: No. 2
red, 93G@95c. Corn-No. 2. SAC bid.
oats-No: 2. 24lsc. Rye-No. 2. 4sc. Bar.
ley-No. 2. none. Flax Seed-No. 1, ST. 81
Timothy Seed--Prime, $1.57@1.5S. Mess
pork. per Dbl, 1925. Lard, per 100 lbs.
$685.. Short ribs, sides Qoose), S. 40.
Dry sailed shoulders (boxed), S6@6 I2I2.
Short clear sides (boxed), $6.7o@6. S712.
Whisky-Distillers finished goods, per gal,
S1.O3. Sugar-Cut, leaf, 7S4@S12c; granu-
lated, 7Ac; standard A, 7c Receipts
Flour, 10000 bbls; wheat, &c, 900 Blu; corn,
lO7, 900 bu: oats, $1,000 hu; rye, 5000 bu;
barley. 81, 900 blu. Shipments-Fiou II, 600
bu; wheat $4,000 bu; corn, ~, 900 bu; oats,
$4,000 bu; rye, 1000 bu; barley, 81 900 blu.
On the produce exchange to-day the butter
market was dull; fancy creamery, 24@25c;
choice creamery, 1S@20c; fine dairies 800
zoe: good to choice, 11@12c. Eggs steady
at 15L9@16c.
R. M. NEWPORT & SON.,