St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-19
LOWER RANCE OF PRICES.
Pair Speculation in Wheat, Shorts
Covering Their Big
Deals.
A Continuation Of the January Weak
ness AL Along the
Line.
Financial Operations Of the Money
Kings---The General Quota
tons.

CHICAGO, Jan. 1S.-The wheat trade was
stirred up again to-day. The bears worked
| the market for all they could. The trade was
weakened. On the early dip there was
| buying for reaction, and as it did not come,
the wheat was dumped into the pit and pro-
duced further decline. There was some
| good bull news and much thatwas insignif-
cenf. Up to l O'clock January wheat was off
| 5Sc from the bottom last night. to 75c, and
May was off 6sc to Sl2sc. with only frac
tional rally. New York bought here early on
private caule adviees. Stauffer bought
freely. Brokers for Cudahy & Partridge
gathered in some short wheat, all to
no effect as far as any strength was
| concerned. Ryder and Baldwin and Farnum
sold for Hutchinson, Mccormick 4 Co., and
others sold for st. Louis parties. Counsel
man d Day were sellers May started at
S0s4c, sold Sa5sc and 90940S07Bc the first
hour, and later in the day went off to S08sc,
with rally TO S05s0Sus3c al l O'Clock. Two
cargoes of No. 2 spring wheat worked for ex-
p Jrt here yesterday and like amount to-day
to move at the opening OF navigation. The
elevator owners were credited with taking in
their May wheat sold against grain in store
Armour Elevated company was counted as
buying 100000 bushels, and Linn d Dwight
about half as much. The agricultural bureau
gives December clearances of wheat and
flour at II ,597, 600 bushels on wheat, against
7,l5S,O0O year ago. The de-
crease in the visible supply is
estimated at 100000 to 100000 bushels,
or as high as 100000 bu, including wheat
burned at Baltimore. The cars for Monday
estimated at 81. There was strong rally in
wheat the last half hour. When the pit got
short, it is said that Hutchinson put brokers
IN the pit to buy. and made the trade cover
quickly, and put the price of May from S0I2c
to Sic at the close. Receipts were % cars
winter wheat. 36 cars spring, ISL cars corn.
and SO cars oats. Withdrawals from store
were 1868 bu winter wheat 1892 blu
spring, 14.T SO bu corn, and no. O76 Blu oats
The corn market was of a routine sort. The
variation in price was all within 14e. The
market was weak and lower early with wheat
and firm at the close. EXPORT clearances
from four Atlantic ports for the week,
1.55O. 600 bu. Oats were dull and at one price,
22c all day for May. January and February
were nominal at 2ul4c. The provision mar
ket had a little fiutter of business to-day and
speculative prices got out of the rut There
were but $4,000 hogs at the yards and prices
there were DC higher. The estimate for next
week was more moderate, and the idea pre-
vailed that prices of products might be
worked up to better level. Armour d Co.
were credited with buying short ribs
Mitchell was the open buyer of mess pork,
and as there was not much for sale under SIC
for May the price was easily put up. Gooch
bought pork early and offered it later. On
| the whole, the scalpers seemed more inclined
| TO work on the long side, and Armour buy
| ing of ribs and pork helped. May ribs
| touched $4.97l245. closing q trihe under
| that figure. Lard touched $40 for May but
= 90
| S1O.O7I2, closing at SlOO5, or l5c higher
| January pork touched 1896 and February
| $3.50
| The leading features ranged as follows: