St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-23
WHEAT ADVANCES A SHADE
Bull News Causes Slow Market
to Absorb Little More
Strength.
The Close Nearly Half a Poin
Higher Than Tuesdays
Figures.
Financial Operations Of the Money
Kings---The General Quota
tons.

CHICAGO. Jan. 22.-The wheat market
showed some strength early, settled back
close to last nights closing figures and was
very heavy and dull until nearly / O'clock
when there was another little squirt OF buy
ing. and the price again went up the best fig
ure OF the morning. The action in May was
8Ol2c to S0ss@8O12c to SOE4c to sOlac to
SUs4c at l O'Clock. Early futures were
neglected. There was nothing in the news to
cause any marked change. The market is
simply held down by the great short sellers.
Liverpool cables came 14d higher this morn
Ing, and the board of trade gave a decrease
OF $50, 600 Blu on ocean passage. New York
dispatches reported 10000 blu inspected out
OF store, and Baltimore reported nine
loads taken for export after hours
yesterday. New York worked three boat
loads this morning, and cleared 16U, 600 bu
of wheat and was Is. 600 bbls OF flour, Bal
tlmore cleared no wheat, and Philadelphia,
1900 blu. Receipts at Minneapolis were Is
cars, and at Duluth but cars. Chicago re-
celved Al cars only, and of these Is graded
NO. 2. During the early trading, Partridge
was a seller, with the scalpers sellers. and
some selling against "calls' Hutchinson
bought, and brokers, supposed to repr-
sent George Smith, also took wheat
freely. The market was closely watched by
the local trade, and a change of 1sc in price
brought the traders into the pit The firm
feeling in wheat was most noticeable
just before the close, when May
advanced to S0ssc, and closed at 80
&076c. Receipts were IL cars winter wheat,
80 cars spring, l53 cars corn and 93 cars
oats. Withdrawals from store were 5000 bu
winter wheat $3.50 blu spring, 2,Sle bu
corn and 7O,S75 bu oats. Corn was strong.
Tine demand from shorts was good and the
offerings comparatively light. The Wear
Commission company and Norton Worthing
ton were the largest buyers; Hutchinso and
Schwartz-Dupee were selling. There were
$1,000 bu cleared yesterday from all At
lantic ports, and $4,000 blu from New Or
leans. Oats were fairly active and closed
1s@Ac higher than yesterday. There was an
improved trade i'll hog products to-day.
and improved prices was the result.
Hutchinson took hand in buying pork
early, and later he was on both sides OF
the market. There were no heavy individ-
ual operations. Mitchell and Wolfe each
did some business; and the quiet talk abo ut
Armour's attitude as bull and holder Of
product helped the strength. Receipts of
hogs, $500; and, from firm, steady maj
ket, early prices moved up 5@1Oc, and the
feeling became strong. In the pit the prin-
cipal trading was in May, and the prices were
advanced as follows: Short ribs from So. U2I2
@5.05 to So. 10; lard, S6.l5 to $500; mess
pork, $40. Is to SlO.42I2, with closing prices
at the top for the day. The strength of the
market makes sellers cautious, and only one
packing concern, the International offered
to sell March products.
The leading features ranged as follows: