St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-11
TRADERS NOT CONFIDENT.
a Weak Undertone to the Wheat Market
and a Decline in VAL
UeS.
Fair Trading in Corn and an Immense
Business Done in Pro-
visions.
Financial Operations of the Money
Kings---The General Quo
tations.

CHICAGO, Jan. 10.-The war goes merrily
On III the wheat pit among the local opera
tors, while the outside world sends specu-
lative orders There was another batch of
bull news to-day, and while it induced some
covering by big shorts early, and pretty gen
eral buying by the crowd later. the manipu-
lators OF the market who are heavily short
thought it profitable to press prices lower
Hutchinson was credited with sitting on the
market, and he was certainly the opposing
force against the advance. Liverpool cables
were firm for spot wheat and tending higher
for futures. The Northwest sent light re-
celpts. and jump of 1c in No. l wheat at
Duluth. Receipts here were "a cars of
wheat-but 81 cars of No. 2. But the
bullishness of the day was from the seaboard
New York cleared $1,000 bu of wheat and
$4,000 packages OF -four. Baltimore cleared
no wheat, but cleared $4,000 bbis of -four.
The wheat and flour from these two ports
aggregated over 325, 900 blu of wheat. Fig
ures for six weeks were at hand, showing
total clearanceS of wheat and flour from At
lantic points eqnal to 7,69S, 900 blu of wheat
For the same six weeks last year clearances
aggregated 2,973,000 blu, or 4.7l0,OO0 bu
less than this year. The popular estimate is
that the visible supply will decrease 400, 900
bu for the week. With this sort of news May
wheat at l O'Clock was resting al 81 5sc, or 1ac
under the best price of the morning. The
action was S1s4G18I 7sc to STAG to S2Isc TO
S17sc to 92c to 9l5sc to 91s4c TO S15sc. jan
uary was nominal around 7634c and Feb
ruary around 7sc. Partridge covered
perhaps quarter of a million bushels
Linn and Brousseau were buyers. Geddis
and White bought for foreign account. All
was no use in advancing prices. After Par
fridge put the price down and caused others
10 sell freely OH the decline. The cars tor
Saturday were estimated at So There was
no rally before the close in wheat. Receipts
were 10 cars winter wheat SIS cars spring
231 cars corn and 129 cars oats. Withdrawals
from store were ,21S bu winter wheat 49,
136 bu spring and 7,642 Blu OATS Specula-
ton in corn was extremely light. The mar.
ket was rather strong at the outset on &C.
count of damp weather and the light
receipts. Selling of May corn by Hutch
inson and st. Louis people weakened
the market trifle. Oats were easier,
particularly for January option. Provisi on
traders were rather nervous this morning on
account of yesterdays advance in prices.
Comparatively little business was done,
however. Cudahy's brokers sold a fair
quantity Of pork, lard and ribs; the Anglo
American company was again buying. May
PORK opened at S9.92l2, and sold off to 80 IS;
he'd steady at this prize to So 80 for some
time, and shortly after noon improved to
1895. At this figure the selling was quite
free. The close was without important
change in lard; ribs were 212e lower and
pork sc lower for My.
The leading features ranged as follows: