St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-20
10WER RANGE OF PRICES.
Fair Speculation in Wheat, Shorts
Covering Their Big
Deals.
Z Continuation Of the January Wea K
ness ALI Along the
Line.
Financial Operations Of the Money
Kings-..ghe 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 asst did not como,
The wheat was dumped into the pit ana pro
duced further decline There was some
good bull news and much that was lnslgnlh-
cent. Up to O'Clock January wheat was on
sec from the bottom last night, TO zoe ana
MAY was off asc to Sissc. with only irac
tional rally. New York bought here early on
private caule adyices. Stautfer bought
freely. Brokers for Cudahy n Partridge
gathered i'll some short wheat ali 10
no effect AZ far as any strength was
concerned. Ryder and Baldwin and Farnnn
sold for Hutchinson. Mccormick Il Co., and
others sold for 81. Louis parties Counsel
man & Day were sellers. Nay started at
SOs4e sold S;:5sc and S0s40e s07sc the first
hour, and later in the day went off to SilSsc,
with rally to S0as@soS4c at l o'clock. Two
cargoes of No. spring wheat worked for ex-
port 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. ana Linn " Dwight
about half as much. The agricultural bureau
gives December clearances Of wheat and
-four at II ,597, 00U bushels on wheat against
7.15S. 900 a year ago. The dc
crease in the visible supply is
estimated at 400. 1000 TO 100000 bushels.
or as high rs $4,000 Blu, including wheat
burned at Baltimore. The ears for Monday
estimated at 81. There was strong rally in
wheat the last half hour. When the nit got
short, it is said that Hutchinson put brokers
in the pit to buy, and made the trade cover
quickly, ana put the price of May from sol2c
10 Sic at the close. Receipts were IS cars
winter wheat, 80 cars spring. l5l cars corn.
and ST cars oats. Withdrawals from store
were 1.65S bu winter wheat, 1897 bu
spring, ID SO bu corn, ana 1l0,o76 bu oats.
The corn market was of routine sort. The
variation in price was all within 1ac. The
market was weak and lower early with wheat
and firm at the close. EXPORT clearances
from four Atlantic ports for the week.
1,550,0o0 blu. Oats were dull and 81 one price,
22c all day for May. January and February
were nominal at 2014c. The provision mar
ket had Il little fiutter of business to-day and
speculative prices got out of the rut. There
were but 1000 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 so a better level. Armour & co.
were credited with buying short ribs
Mitchell was the open buyer of mess pork,
and as there was not much for sale under SO
for May the price was easily put mp. Gooch
bought pork early and offered it later. On
the whole the scalpers seemed more inclined
10 work on the long side, and Armour's buy
ing of ribs and pork helped. May ribs
touched Si.97l2@5. closing trifie under
that figure. Lard touched ST.. 10 for May bu;
was neglected. May pork sold at $50 and
SlO.O7l2, closing at Sl0.O5, or I5c higher
January pork touched 1886 ana February
$3.50
The leading features ranged as follows: