St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-16
BEARS ON The VARPATH.
The Reported Closing Of Minneapolis
Mills Affects the Wheat
Market.
This Influence Secondary, However,
to Well Planned and Organ
lied Raid.
Financial Operations Of the Money
Kingg---The General Quota
tons.

CHICAGo, Jan. l5.--The situation was more
one-sided than usual in wheat to-day. The
firm Liverpool cables and light primary re-
ceipts appeared to be entirely lost sight OF in
the attention given to reports concerning the
flour trade. The statement that certain Min
neapolis mills had shut down was mada do
good bear service from the seaboard 10 Chi
cago. This influence was secondary, how.
ever, to the attitude of the pro fessioual bears
in this market Baldwin sold early Then
Cudahy became q free seller. Later Partridge
did all in his power TO break prices still
lower. Logan sold for New York.
Hutchinson was, as usual. buyer
and seller by turns May started
at sls4c, went off to Sl3s@SIl2c,
rallied to s15sc. went OFF second time TO
$780, the bottom point reached yesterday,
and reacted only to Slice and rested there at
O'Clock. In the face of The heavy selling
by the leaders, there was great absorption
OF wheat on each decline When the price
went below Sll2c each time the orders to
buy appeared to be unlimited. Schwartz IL
is said, bid for 100000 bushels at slSsc. The
buying of Steevers Brosseau and Boyden
was credited TO Cudahy. Export clearances
at New York were far-30 600 bushels of
wheat, and about %, 600 barrels of flour.
Other ports cleared but little wheat or -four
spring. 30 cars cars corn, and ~ oats. With
drawals from store were 11.626 bushels
winter wheat, ID, 456 bu spring, and 1924
blu oats. Corn was dull and featureless
from the start to finish. Liverpool quoted
prices tending downward Exports from
Atlantic ports yesterday were 292, 900 bu.
New export engagements, including $4,000
bu late last night, were $4,000 bu. Last
sales were I80Ac lower. Oats were quiet
and unchanged. The provision market was
dull and narrow. Receipts of hogs at the
yards were 5000 head more than were
looked for and prices were off 5@lOc May
pork opened sc of at S9.s7l2 and sold at
this price and $500 all day. Northingtou-
Worthington bought little pork. Cudahy
sold 1000 tierces lard and I,o00, 900 lbs
ribs. Chaplin Edwards bought $500 bbls
pork. I he selling of pork was scattered.
Cash quotations were as follows: Flour
steady and unchanged. Wheat--No. spring
7624c; No. 8 spring, 65@6sc; No. 9 red.
2, ac; Corn-No. 2; 2s5Sc; natsaNo. ?,
No. 2, 55@57e: Flaxseed-No. /, SI.35
Timothy Seed-Prlme, Sl.2 @I.22 Mess
pork, per Dbl, 50 30 Lard, per 100 lbs,
$5.S0@5. s2I2. Short ribs, sides Qoose,,
S4.65@4.75. Dry sailed shoulders (boxedl,
unchanged. Short clear sides (boxed), S4.95
@5. Whisky-Distillers' finished goods. per
gal, 81 OF. Sugars-Cut loaf unchanged
Receipts-Fiour. $4,000 bbls; wheat 81
600 bu; corn, 292,O00 bu; oats, 1877 900 bu:
rye. 16,O.m bu; barley, $4,000 bu. Ship
bu; corn, 352 600 bu; oats l59, 900 bu; rye
II, 90 Du; barley. 5000 bu. On the pro-
duce exchange to-day the butter market was
dull: fancy creamery, 26lA@n27c; fair TO good,
@20c: finest diaries, 1S@2Qc; line, l2(4
l3c. Eggs, l3I2llIc.
The leading features ranged az fol1oUq.