St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-30
THE COMMERCIAL RECORD.
Heavy Buying by Apprehensive Shorts
Sends Up the Price Of
Wheat.
Corn Firm, Oats Exceedingly Dull and
Hog Products Generally
Higher.
Financial Operations in Wall Street
1.-The General Quo
tations.

CHICAGO, Sept. 29.-EXcitement In wheat
was at fever heat during the entire session,
and more nervous and anxious feeling was
seldom witnessed on the part of operators.
In the main it was pretty much repetition
OF what happened the past few days. Trad
ing was active and the apparent determine
ton to carry the squeeze in September
through to the bitter end m ade operators APP
prehensive of what might occur in the more
deferred deliveries, and there was general
desire to cover and close up the contracts for
the months Of october and December. Shorts
bought very freely, and there was not very
much wheat for sale as compared with the
inquiry. Orders came pouring in from all
points to cover outstanding trades. The
advance in consequence was very sharp
The opening was about A01c above the
closing figures OF yesterday, but decline Of
Use followed for october, 11Bc for Decem-
Der, and 1Ac for May. There the decline
was checked, and steady advance set in,
prices advancing 57sc for october, 6Ac for
December and 214c for May; dropped lac
and the closing was 4s4c higher for October,
sc for December and 27sc higher for May
than closing figures of yesterday. Septem
Der was irregular and, in fact, it was difficult
to tell what the market was at times, though
prices were advanced loo above yesterdays
outside figure, SLIGO; this price was bid and
50 later. Outside influence had no in
tiuence on the market. Corn was active
and the feeling generally firm most
OF the session. Opening sales were shade
higher than the closing prices of yesterday,
market then ruling steady, became firmer
and gradually advanced Sc. reacted lac, ana
closed with October SSQl2c, November s4c
and May 14GlSsc higher than yesterday. The
influences on the market were entirely local,
large local operator buying quite freely of
November brought this future within lsc of
October. Oats were dull. There was 1s@4c
decline for all deliveries up 10 May, but that
future did not change materially. Mess pork
was active, stronger and higher. october was
bought freely by shorts. A better business also
transpired in the more deferred futures
especially in January, which was sold freely
by prominent operator, who is largely in
terested in wheat. Opened 2I245c higher.
advanced 25Q35c, receded slightly, but
closed steady. Lard was in good demand for
October and market stronger, and prices
higher. Opened unsettled, advanced 250
Short rib sides met an urgent inquiry from
shorts and prices for October advanced soc.
Offerings increased on the advance and
values receded log l5c and the market closed
quiet.
THE QUOTATIONS.
Wheat-No. September opened at SLIGO,
October, 99S4c, closing at Sl.02l2 Decem-
Der, .99ssc, closing at .o3!2; May, S1.0ll2,
Il OOTQ-NO.
opened at Also, closing at 4i7sc; October,
Also. closing at 417sc; December, 3Sl3c.
closing at 3S7sc; May, 3SSsc, closing at
$3.50. Oats-No. 2 September opened at
23Ac, closing at 23Isc; October, 23ssc,
closing at 23l4c; November, 241sc closing
at 24c; May, 2Slsc, closing at 2ssSc. Mess
Pork, per bbl-October opened at $500,
closing at $3.50; November, Sl4. %, closing
at S14.5O; January, S13.S2l2, closing at
Sl4.02l2 Lard, per 100 lbs-September
opened at S10.SO closing at $1,000; October,
SO 60, closing at $40. 90; November, SIS. 40,
closing at 1865; January, Ss.17I2, closing
at S8.27I2. Short Ribs, per 100 lbs-October
opensd at $50, closing at $500;
January, S7.O7I2, closing at S7.l22.
Cash quotations were as follows: Flour
in fair local demand and firm: some holders
are. asking 5@1Oc advance. Wheat--No 2
spring, Sl.50@2; No. 3 spring, SJ09nc;
No red, Sl.5O62. Corn-No. 2, 417sc.
Oats-No. 2, 23Ac. Rye-No. 2, 53c Bar
ley-No. 2, nominal. Flax Seed-No l,
Sl.34. Timothy Seed-Prime, Sl.5591.5S
Pork-Mess, per Dbl. SIS. 3u@l5.32I2. Lard
Per 100 lbs, $40. 9o(l10. 92l9. Short Ribs
Sides Qoose), SS.900S.9212. Whisky-Dis-
tilers finished goods, per gal, S1.20. Re-
ceipts - Flour, 1900 bbls; wheat, $4,000
bu: corn, 224, QUO bu; oats, $4,000 bu;
rye, 2S,0D0 blu; barley, 90, 900 blu. Ship
ments-Flour $1,000 bu, wheat II 900
bu; corn, $4,000 bu; oats, 76,O0D bu;
rye. II, 900 bu; barley, $4,000 bu. On the
produce exchange to-day the butter market
was unchanged. Eggs-Fresh Northern, Is
mIQo