St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-12
MARKETS HELD FIRM.
Large Purchases in Chicago for Export
Causes an Advance Of
Cent in Wheat.
This in the Face of Receipts in Excess
of the Estimates and Free
Selling.
Advance in Corn on Reports or a
Blockade Which Will Dt.
minish Receipts.
Another Sharp Decline in Stocks
Owing to the Manipulation
of the Market.
Chicago Grain and Provisions

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO, Aug, 11.-Receipts this morn
ing overran the estimates in nearly every
Instance, the exceptions being wheat and
live hogs. There were 101 cars of winter
wheat and 81 of spring in; $40 cars of corn,
and 207 cars of oats. The canal yielded
nothing. There were $1,000 bushels of
winter and 26, 465 bushels of spring wheat
withdrawn from store, 1927 bushels of
corn and 5, COL bushels of oats. The early
cable to the board showed decrease OF
10000 quarters of wheat and 10000
quarters of corn on passage to the CONT
nent. and if anything of an extraneous
nature was needed to make a heavy market,
this supplied the deficiency. Wheat opened
at 755lc for September, and for the first
fifteen minutes hung around 75Sc and
75Mc. Then it became firmer. Offerings
were quite free. Before 1870 some wheat
sold as high as 1870, but the great bulk OF
it changed hands around 755S@75Mc.
There was the usual variety of arguments
as 10 what effect the decrease OF
grain on passage ought to have. bull
and bear arguing in the direction
his interest laid. Ordinarily it might have
been strengthened. Local wheat exporters
who did no business to-day were i'll the mi
nority. The talk on the floor is that fully
$50. 600 bushels We're worked" here among
the different houses in this branch of the
trade. Whether the stimulating effect will
be permanent remains to be seen, but for
certainty it put September up to 1910
1890, an even cent higher than it opened.
This was the market half all hour before
the close. Then it sagged down to 1850
rtrhn A ctr Hx fn,a
vaded corn. which opened at 4314c for Sep
TENDER, and kept between 43A@433sc. The
weather map showed it cloudy in Iowa and
eastern Minnesota, but generally fair. Light
rains have fallen in the western districts
and lake regions, but
NO HEAVY RAINS ANYWHERE.
Local rains are also indicated in some parts
of Iowa, Minnesota and the Northwest.
Corn sold up to 435s@44c under brisk
local demand for it, but after reaching that
figure it became easier. The advance in
corn was precipitated by reports of block
ade on the Chicago, Burlington q Quincy
road owing to the excessive inward grain
movement and the lack Of adequate switch
ing facilities. This it is figured, will be
quite factor in cutting down grain re-
ceipts until such time as the blockade can
be raised. The situation gave the regular
habitues of the corn pit an opportunity to
play the business" of making all the
noise possible, drawinggas much of crowd
as they could, bulling as hard as they were
able, and all the time buying as little corn
as they could help. When man bid the
market or split above, and a few thousand
bushels Swere there, of course he had to
take it, but when man was particularly
eager in his bids, cries of ''You don't want
busheT were the loudest from the bears.
But prices advanced just the same, and
good deal sold at 44c, &c higher than it
opened. They are figuring on 673 cars to-
morrow. about 125 more than came in to-
day. No especially notable trades were
made and the market closed quiet but
steady. The strength in grain acted as
stimulant to the provision list, nearly every
thing making an advance. Pork picked up
12T015c, lard 15c and ribs 1Oc, all closing
very steady. On the curb puts on Septem-
Der wheat sold at 75I@757sc and calls at
7619 @7t9sc. Puts on September corn
were 1870 and calls at 44@441sc.
PETER BERKEY, Pres. F. W. ANDERSON Cashier
1.W. GRlGGs, Wires. A. C. ANDERSON. Asst c.
THE ST. PAUL NATIONAL BANK,
CAPITAL. 100000.
Corner Fifth and Jackson streetA
The Quotations.
CHICAGO, Aug. u.-Flour dull and uu-
changed. Wheat opened quiet and weak but
rallied and closed about the same as yester-
day; sales ranged: August, 743hGi54c,
closed at rs Lice; September, 7554076 slice,
closing at 76 Slice; October, TT1@07S1Sc.
closing at rs Lie; Nc. spring, 1870
1870; No. 2 red, 7614c. Corn ruled stronger
d. bad crop reports closing 1ac higher; cash,
l2I@421ac: August, 4l3S0421sc, closing at
I2A@423sc: September. 4314G441ac, closing at
Is Lice October, A "A @4514c, closing at 4454c.
.71S@27 9-1dc, closing at 27ssc; September,
!S3sfG2S 9-l6c, closing at 2S3Sc; October,
.914G29%c, closing at 2914c. Rye
quiet: No. 2, sic. Barley easy; No. 2. nc.
Flax seed stronger; No. l. SI.15H01.l5%.
Mess pork stronger, I21a@15c higher; cash,
s9.6212W9 So; August. s9.57I@9.70, closing
at $3.50; September. S9.621a@3.70, closing ut
$780, Lard strong on shorts covering,
prices 1214@19Mc higher; cash, 81; August,
Be. 921a G11.O5, closing at S7.05; September,
S6.9712@1.15, closing ut $7.12h; October,
So. 6G06.721 closing ut s6.70. Short rib
sides firm; cash, S6.25@6.2715. Boxed meats
steady; dry Salted shoulders, 534@6c: short
clear sides, $3.50. @,665 Whisky steady at
ulated, 3-l00c; standard "a 51sc. Produce
Exchange-Butter ruled firmer: creamery
14920c; dairy, 13@16c. Eggs 10@11c.
MICHAEL DORIAN g. CO..
COMMISSION MERCHANTS. ST PAUL MINI
Grain and provisions bought and sold for cash
OF future delivery.
Orders Tor the purchase and sale of Stocks on
any stock exchange in the country promptly exc
uteG.
Duluth Wheat.
Special to the Globe