St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-01
THE COMMERCIAL RECORD.
Under the Milking Process the Wheat
Market Closes Half Cent Under
Wednesday.
Corn and Oats Show Some Strength,
Provisions Ruling Very Much
Lower.
Financial Operations in the Monetary
Centers---The General Quo
tatiOns.
Special to the Globe.


but long before noon grains ruled under the
close last night. There was little genuine
news from the outside in wheat and there
was no great effort made either to. manu-
facture news or prices. The milking pro-
cess was continued on large scale, aud the
crowd were losers. The talk was that the
market was heavy and needed bolstering. At
the same time there was pretty persistent
buying below a certain point with prices
over the closing prices last night early and
late to-day. The shipments of wheat from
the port of Odessa were confirmed. Re-
ceipts here were only II cars, with "a cars
for Friday. Clearances of wheat and flour
from Atlantic ports were 121 900 blu. Pri-
mary receipts 1874 900 blu. Bloom was
buyer early in this market, and the crowd
tailed on, got long and when they turned
into sell the price went o fl / cent from the
top price the first hour. New York dis
patches said the wheat would sell lower but
for fear of Chicago tactics. There was sell
ing for foreign account in New York early
and selling here for New York account. The
price of May at New York was about the
same as here. Hutchinson was pretty good
buyer around 975sc. Poole, Sherman &
Co., were the leading operators, with Kent
for principal, it is claimed. The range for
May was 9Sl2c, to 9Sa4c, to 97c, to 9SAc,
to 9119c at 1 O'clock. February sold
at 9,l2@94a4c, and July $4,000.
Wheat showed the weak spot of
and Nav closed at $3.50, or
nearly l2c under last night. There was
pretty good demand for February and March
corn to-day and prices were slightly adj
vanced. Receipts were 267 cars, with 246
Frid frop
$50 blu. Export clearances from Atlantic
ports were $4,000 blu, Baltimore alone
clearing 27l 900 bu. There was some cover
ing by shorts, which also helped early fut-
ures There was enough strength in oats to-
day to advance prices of futures fraction,
matter worthy of notice. Receipts were 102
cars. There was light trading in provisions,
aud prices ruled lower. Packers were not
aggressive buyers, as yesterday. Receipts
of hogs at six packing points were 5000
against 40, 500 year ago. Short ribs opened
at $6.37la for May, touched $6.4O, and on
some offerings toward the close, to $6.32l2.
Lard was affected in about the same manner,
selling at 81. Is and off to S7.O21a before the
close. Mess pork was easily put up or down
in price. Early sales for May were SIP. 10 to
$12.15 to Sl2O2la before the call. and off to
S11.95 on some raiding before the close.
Provisions closed at the bottom for the day.
THE ROUTINE REPORT
CHICAGO. Jan. 31.-Only fair business
was transacted in wheat to-day. At times
the market ruled dull, while at others very
fair trade was witnessed. The feeling de-
veloped was so newhat nervous and feverish
The opening was A@ssc higher, ruled firm
and after some fuctuation receded 1 Ac lower
than yesterday. The early advance was at
tribnted to continuance of the firmness de-
veloped yesterday, but the speculative offer
ings increased under which the latter decline
was established. When the most pressing
and a partial recovery Of the decline fol-
lowed. There was no outside news to have
any direct bearing on the market, and local
influences again controlled prices. The re-
port that twelve cargoes had cleared the port
of Odessa may have had some effect upon
the market. Corn was only moderately act
i've, fluctuations being narrow and the de-
mand confined almost entirely to shorts.
The feeling was quite firm, especially on the
nearer futures, and trifie higher prices
established. though at SIC for May large
quantities were offered and not great deal |
sold at this figure. Oats were steady and
firm at a slight appreciation in values. Trad
ing in mess pork was moderate at the OPEN
ing First sales were at 2l2@5c decline, but
prices advanced 5@7I2c. The appreciation |
brought larger offerings by several packers,
and steady recession of 12I2 followed. |
Later reaction of sc occurred. but all easier
feeling developed and decline of 25c re-
suited. Opening sales of lard were at the
same prices as yesterday; declined 2l2c, |
advanced sc, weakened and declined 15c. |
maket closing easier. Short ribs declined |
1u@12 Iac from the highest figures recorded |
at the opening. The market closed tame.
THE GENERAL QUOTATIONS.
I'll, The leading futures ranged as follows:
Wheat--No. 2 February, opening opening at 94s4c,
97sSc; July, soc, closing at SOC. Corn-No. |
2 February opening at $3.50, closing at
355sc; March, 357sc; closing at $3.50; May,
367sc, closing at 367sc. Oats-No. Feb |
Mess Pork (per bbD-February opened at
$1I.65. closing at S11.5O; March, closing at
$l1.6O; May, S1I.O4, closing at Slls5:
Lard (per 100 s lsesEebrMHary opened CO.,, at
dosing. at $500; May, S7.12l2 closing at
airy opened at $500. closing at
g.. 10; March. Sc. %, closing at
Gas Cash quotations were as follows: Flour
dull. unchanged. Wheat-No. 2 soring,
94@94Ac: No. spring, 90@94c; No.
2 red. 94@94Ac. Corn-No. 2, 35l2c.
barley none. Flaxseed-No. l, 81. so. Tim
per Dbl, S11 5 @11.6O. Lard, per 100 lbs,
SOS Short ribs, sides Qoosel, S6.05@6. 10.
s Sp9 sa clear sdes boXed
Whisky-Distillers finished goods. per gal,
S1.O3. Sugar-Cut loaf 7a4@slsc; granu-
lated. 71sc: standard "a" Csc. Receipts
Flour, 5000 bbls; wheat, $4,000 bu; corn,
131, 900 blu; OATS 90, 900 hu; rye, 5000 blu;
barley $4,000 blu. Shipments-Fiour. 49,
OUO bills; wheat $4,000 bu; corn, $4,000
blu; oats, $4,000 bu; rye. 5000 bu; barley,
1900 blu. On the produce exchange to-
fancy creamery, 22@24c; choiceto fine, 2 a
22c; fine. dairy, 16@1Sc: good to choice,
11@l2c Eggs dull and unchanged.