St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-31
THE COMMERCIAL RECORD.
Big Bulls Brighten the Shorts Into Gov
ering and May Wheat Gains
Point.
Oats Slow and Steady, Corn Slightly
Higher, the Trade in Provisions
Being Light.
Financial Operations in the Monetary
Centers..-The General Quo
tati0nS.


CHICAGO, Jan. 3O.-The wheat market,
which started strong and sold at Ac advance
early, weakened before noon to point about
l2c under the close last night and then sold
straight up 1I2c before 1890 p. IN. Bear
news was brought all the way from Odessa,
where it is said the port is free of ice and
that free shipments of Russian wheat may
be expected. The market here was very
sensitive, and started up or down easily ON a
few bold trades Hutchinson was a buyer
on the first bulge of the morning. When the
market appeared to reach turning point
and started downward the crowd sold freely.
There was selling by longs and this encour-
aged selling short bv the scalpers, big and
little. After the price had gone off about lie
from the top early, Mitchell plunged in as
buyer and set the shorts to covering. This
was the turning point of the day and
prices advanced quite sharply, and shortly
before p M, the market seemed strong at
all advance of lac over last night. The
action for May here was elise to 97c, TO
97Ac, to 967sc, to 977sc, 10 91ssc, to 9Slsc.
Receipts here were thirty-two cars, with eight
cars No. 2 spring Wheat closed fairly firm.
with May at 9SAc, or lie over last night.
There was no special activity in corn, but
there was good demand and higher prices
for near futures. Receipts were 226 cars
Shipments from here were $1,000 bushels.
Grading was slightly improved, with eleven
cars of No. 2 and but forty-four cars of No
.. There was no new feature in oats. and
sales for future delivery were slow. Prices
were a trifie easier early, but Blessings were
about steady. Receipts ninety-four cars
The trade in provisions was comparatively
light. The market had frmer tone and
prices ruled higher, with the packers gen.
orally on the buying side.
THE ROUTINE REPORT.
CHICAGO. Jan. 30.-A good speculative
business was transacted in wheat. and the
feeling was unsettled and somewhat nervous.
Trading was largely on home account. and
the influences governing the market prlncl-
pally local. Prices were advanced l42c, and
closed i sc higher than yesterday. There
was fair selling early in the day, but later
buyers became quite general and credited to
some large floor traders. The offerings were
readily absorbed, and at times there was but
little wheat on sale. There were some export
orders OH the market at New York about 10
&c below the present market, and it was ru-
mored that six boat loads had been taken at
Baltimore. A little better feeling was devel-
oped in corn, and the volume of business
was larger than for some days. Trading was
largely in the nearer deliveries, and these
futures exhibited the most strength, the
Opening sales were at about yester-
days closing price; market being inactive
for time, then advanced as@l2c, reacted
trife, and closed ss@l2c higher than yester-
day. There was quite free offerings. of May at
SIC, and all orders to sell at that figure were
uneXecnted, SO liberal were the offerings.
Oats were firmer, with moderate trading, and
an advance of about Ac. In mess pork trad
ing was fairly active. The market opened
firmer and 7Iac higher, receded 2Ia@5c but
on r6 nf
2O@2212c was recorded. The appreciation
brought ont liberal realizing by parties who
bought on the recent break and, recession
of Tia Toe followed. Continued fair buying
and the market closed steady. Lard was in
moderate demand and stronger. Prices ad-
vancea 12l2@15c, and closed steady at
nearly outside figures. Short ribs were fairly
active and stronger, advancing 1O0l2l5c,
well maintained to the close.
THE GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat--No. 2 January, closing at 94l2c:
February. opening at 93Ac, closing at
9412c; May, 977sc, closing at 9sAc; July,
e9Ac, closing at e9ssc: Corn-No: 2 Jan
March, 35ssc; closing at 35s4c; May; 36s4c.
closing at 36bc. Oats-No. January,
opened at 2434c, closing at Csc; February,
24c, closing at 25l2; May. 27asc. closing at
271ae Mess eSs.,I Pork 1peE bbRm0pened at
closing at S11.S5; May, "a, closing at
$I21O Lard (per 100 lbs)-February,
opened at $6.87l2. closing at $7.O2l2;
March, S692l2. closing at sos; May
st. 97l2. closing at S7.12la; Short Ribs
(per 100 lbs)-February opened at S6.O71a,
closing at S. 1912 March, $6.2217, closing at
1925; May, $780,. closing at $6.37l2.
Cash quotations were as follows: Flour
quiet, unchanged. Wheat-No. 2 spring,
94A@9412c; No. 8 spring, 95@S9I2c; No.
2 red, 91A@94l2c. Corn-No. 2, 35Ac.
Oats-No. 2, 25c Rye-No. 2, 47c. No.
barley none Flaxseed-No. l, ST. 60. Tim
othy Seed-Prime, $1.4s@1 so. Mess pork,
per Dbl, 81 75@11.SO Lard, per 100 lbs.
81. O2la07 .05. Short ribs, SIDES Qoose).
Sc 17@6.2O. Dry sailed shoulders (boxed),
5000 I2ls: Short clear sides (bo3ed);
S6.2 @6.37I2. Whisky-Disullers' finished
goods, per GAL S1.03. Sugar-Cut loaf, I'M
changed. Receipts-Flour, $4,000 bbls;
wheat, $4,000 bu; corn, 100000 bu; oats,
10000 bu; rye, 1000 bu; barley, 10000
bu Shipments-Fiour, 5000 bills; wheat
1900 blu; corn $1,000 bu; oats, $4,000
Blu; rye, 1000 blu; barley, $1,000 blu. On
the produce exchange to-day the butter
market was quiet and steady; fancy cream
cry, 25@26c; choice to fine, 3 @22; fine
dairy, 16@ls; good to choice, Hop. Eggs
weak, 13@13l2c.