St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-24
WHEAT GOES STILLLCW IR.
a Legitimate Slump Caused by Storm
NLWs From Ali Over
Tue West.
Corn Shows Considerable Strength,
and Hog Produces Unusually
Active.
Financial Operations of the Money
Kings---The General
Quotations.

CHICAGO. Jan. 23.-The wheat market was
q tame affair today, and during a part of ;he
session was second to corn i'll interest. There
was scarcity of news and little inclination
among operators, big or little. to force the
market in either direction. Up to i o'clock
prices were within the same limits as yesler-
day. The opening was slightly easier, with
May al SO5s cents. There was slow decline
TO SOSsG5SUI2 cents on selling by New YORK,
Schwartz & Dupee. Cottrell. Sta, If r and the
crowd The reaction was just as slow 10y
which May recovered 10 STA cents. There
were dispatches confirming the damage by
rain on the Pacific coast The price curren
. estimate on exportaple surplus was given at
76.OJO.O0D bushels. There were no exports
of Importance. no wheat from New York or
Baltimore, and less than l3,0Jn bush
els from Philadephia. Receipts we're
not heavy at any primary market. Chicago
received bat ~ cars, with ) cars of No .
grade, while the out inspection aggregated
7O,Ou0 bu. including 5000 bu of No. .
spring. The estimate for tomorrow is %
ears. Receipts were 10 cars winter wheat,
o. cars spring wheat, 1873 cars corn, and 8 )
cars oats. Withdrawals from store were
69.567 hu spring wheat. 9.656 bu corn and
300 bu oats. The corn market was stirred
up a little to-day. There was no news of
importance. but the local trade did the bust
ness. hutchinson sold big block of "orn
yesterday. To-day he bought some at $50
SlS4c, and got Il Ii tie at3l age. The offerings
were so light that the crowd took fright and
shorts began buying eagerly. This started
the advance and the wheat crowd, waiting
for a turn of some sort, rush el IN 10
the corn pit to buy. February sold from
2gSsc up to % 34c, closing at 295sc. May sold
at 3 5sc early and up to 3 ls@32Ac. and
closed at 32c. There was some heavy cover
ing at one time during the advance. Oats
were much more active Than usual. Hutch
inSon, Hess, Helmhols and Wear were buy
ing. The selling was scattered. Closing
prices were lsN05sc higher than yesterday.
There was more action to provisions than for
some time 1t was not all in one direcuUn
however and prices at the close were not
greatly changed. Opening pric were
steady except for mess pork, which
started at Sl"45 for May. This
vas the opportunity of the scalpers, who
bought on the advance for TWO days past.
They began realizing on their long product
at once. Cassiday sold pork for somebody
quite freely. Cudahy was a seller. Raymond
was created with selling out much that he
bought. The decline in May was quite brisk,
TO SlO.27l2. This was the low point of The
morning. The natural firm tone was again
felt and at noon May was up to SlU.42l2,
and at o'clock off again to sos "a. Sales
for February were 1925, off TO 50. ~7l2 and
up to S9.o.I W. Lard lost 2l.@5c early and
resained it, May ribs sold as high as s.. 10
early and off to 81. 7I2. Sales of cash stuff
were quite liberal
The leading features ranged as follows: