St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-02-02
THE COMMERCIAL RECORD.
: The Wheat Market Kept on Jump, the
May Future Gaining Frac-
ton.
Corn Very Strong, Oats Correspondence
Dull, ALI Manner Of Provisions a
Declining.
Financial Operations in the Monetary
Centers---The General Quo .q
tations.

Special to the Globe. .
CHICAGO, Feb. 1.-The news in the wheat
pit was not important at any time to day;
nevertheless. the market was kept on the
jump, and prices traye led about good deal
in narrow range. UP to noon the range
for May was. pretty well divided on the line
OF the closing pricesast night. The opening
was 97c. Csc under, and the first buying or
ders put the price to 9714c. There was free
selling by Jones Kenneth aud Schwartz Du-
pee, followed by the scalpers, and the price
went off early to 96Isc This was nearly lie
under last night, but it was the bottom for
the session, and May went up to 97i4c again
during the first hour, and before noon the
price went to 975sc, reacted to 97Ac, with
Lindblom the heaviest seller and Bloom also
selling enough to be prominent for awhile. AT
l p. m. there was O good rally and May
touched 97a4c, or 1Ac over the bottom price
early. Wheat movements were not very
significant. Export clearances were 49,
900 bushels of wheat and -four, of which
about rs, 600 bushels was wheat. Receipts
here were % cars, with but l car OF NO.
winter. Wheat was firm, active and advanc-
ing to the close. May touched CSC and closed
at 977sc or 42c over last night. Mouthly de-
Gveries OF wheat were very light, probably
$4,000 bushels. Deliveries Of corn were
about 100, 600 bushels, of pork 5000 bar
rels, which were sent out by Cudahy, and OF
ribs and lard very light. The corn market
started off strong this morning. The strength
was felt all along the line, from cash to May
contracts. Receipts were $50 cars, only
ears graded No. 2. SHIPMENTS were 49,
600 bushels. Export eIearances were ) l6,-
600 bushels from Atlautic ports. Oats were
<3,,ll inh o.
ceipts 1876 ears. Another day of declining
prices in provisions. The only excuse OF
fered was the large receipts of hogs, with
about 5000 left over. which caused the
prices at the yards to fall off Zoe, and the fact
which surprised the crowd was that the 49,
900 hogs for the month of January averaged
thirty-six pounds heavier than for the same
time last year. Receipts to-day were 220ou
hogs, and the market slower Hog products
on the floor opened about Toe lower all
around. Before the call sales for MBy were
as low as Sc. 15 for short ribs, $500 for lard,
and SLIGO for mess pork There were some
slight reactions from these figures, and later
prices went Off again TO $6.15 for ribs. $3.50
for lard. and mess pork sold down to S11.52
oil So, with rally to S1l.6Tl3 before the
close.
THE ROUTINE REPORT.
CHICAGO. Feb. 1.-The volume OF trading
in wheat was below that of the preceding
days of the week, and the market ruled quiet
most of the day. There were occasional
temporary spurts, during which fair de-
mand existed. The opening was weak ana
sS@l2c lower than Yesterdays closing, ao-
vanced ssc, and then declined 7sc under free
offerings and lack of demand But later
the market developed a frmer tone, prices
advanced 1lae. with some covering by parties
who sold early, but eased Off again 9nd
49, rSyOvy
There was only a moderate business in corn /
most of the trading being early in the ses-.
sion, after which the market ruled quiet and
inactive. The feeling developed was firm,
more deferred deliveries not show
ing much change from yesterday.
The market opened at a trifiing advance
over the closing prices of yesterday. and I'M
der good demand, sold up SSc, reacted
some, owing to the decline in wheat ruled
dav. Oats were qaiet and easy, at about yes
terdays range. An unsettled and weak feel
ing prevailed in mess pork. Opening sales
were made at irregslar prices l0@l5c
under the closing figures of yesterday-anG
they further receded 156J20c. Slight rallies
occasionally were made, but the closing fig
ures exhibited material reduction. LARD
was easier: opening sales were made at
other markets. but the decline was recovered
later and the market closed steady, at
medium figures Short ribs were weak.
Prices ruled 1U@15e lower. and the market
closed steady at medium figures
THE GENERAL QUOTATIONS..
The leading futures ranged as follows:
Wheat--No. 2 February, opening, at 93i4c;
closing at 94lsc; May. 97c closing at
97s4c; July, Ss14c, closing at SSl2c Corn
No. 2, February opening at 35a4c. closing at
355sc; March, sec; closing at 357sc; May,
37c closing at SIC. Oats-No. 2, Febru-
airy closed at 2514c; March, opening at 2z7sc.
closing at 2o7sc; May, 2 l2c. closing at 27l2c.
Mess Pork (per bbl)-February opened at
Sl1.so, closing at Sl1.35; May; $11.80,
$l1s5. Lard (per 100 lbs>--February,
opened at Sc. so. closing at Sc. So; March,
1873, closing at So. s7l2; May, $500,
closing at So. 97Ia. Short Ribs (per 100 lbs)
February closed at S5.95; March
opened at 5000, closing at s6.e5:.
May $500. closing at S6.17l2.
Cash quotations were as follows: Flour
quiet, UNCHANGED. Wheat-No. s2ring,
54@94l8c; 40; 5 spring, 9o@92e: No.
Oats-No. 2. oAc. Rye-No. 2, 47c. No. 2 bar
ley none Flaxseed-No. 1. 81 .59@ so. Tim
othy Seed-Prime. S1.5l@1.52. Mess pork,
per Dbl, Sill S5@l11.40. Lard. per 100 lbs,
Sc. So. Short ribs, sides Qoose), SG@605.
Dry sailed shoulders (boxedl, S6@6.12ts.
Short clear sides boxed, $6.37I2@6.a o.
Whisky-Distillers' finished goods, per gal,
lated, 7lsc; standard A. Csc. Receipts
Flour. 10. 900 bbls: wheat, IL 900 bu; corn,
$4,000 bu oats, $4,000 blu; rye, 1000 bu;
barley. $4,000 bu. Shipments-Fiour.7 900
bills; wheat, 22,0U0 bu; corn, 10000
bu; oats, $4,000 bu; barley. 5000 bu On
the produce exchange to-day the butter
market was steady and unchanged. Eggs