St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-23
The COMMERCIAL RECORD.
An Uncertain Wheat Market, With a
Bulge Of One Point at the
Close.
Spasmodie Advances in Corn, Oats Hold
Firm, and Professional Raiders
Hammer Provisions.
Financial Operations in the Monetary
Centers---The General Quota
tons.

CHICAGO Nov o3-The course OF wheat
was very uncertain. The range for the day
was within 11sc. While there was no par
ticular strength, prices were kept generally
above the closing prizes last night, ana the
highest points touched showed bulge Tor
December of 1iac, and for May of just lie. 1t
was pretty well believed that the buying OF
The Jones Kenneth house on Wednesday was
long wheat, ana this firm was the more
closely watched. There was more than the
usual number of orders here from New York,
ard while the market advanced these
were selling as well as buying or
ders. Hutchinson and J. b. Lyon
were classed on the buving side early
when December went from Sl-o'A
to S1Osla, and May from Sill 10
Sl.113. here early there was a slight advance
AT New York ana St. Louis, while May went
TO Sl26, &c over last night, at Duiu'h-
There was too much selling on the advance
and after some wayering May went pacA
about noon TO 81. 1919. after which there was
a second bulge to S1.llS4. The receipts
here showed up very poor. with seventy cars
all told, with thirty two cars No. = OF when
hut seven ears were not marked through or
special Primary receipts were 34o,o
bushels with 10000 at Minneapolis. Prl
yate adyiccs here were that receipts in
the far Northwest would show still
further falling off III the near future
Wheat closed with the crowd somewhat IN
different at S1.11@s for May. or sec over last
night. Corn was not as much advanced nor
as strong as indicated by the price OF NO
vember at one time to day. There was De-
lief that certain parties desired TO cover De
cember al about 3Sc. and this kept the price
out OF reach. November started at 4Olsc.
When Marble, Moore and others bid the
price up to 4024c there was some sensational
bidding, with small amounts bought at 41l8
elise. During this time December
sold from 3ec I'D to 3s$sc May
I'D to soc. Then prices declined
toward the close. Receipts, 456 cars.
Oats were firm with little activity. May sold
3uIac to open, touched 3J7Sc at one time,
closing at the best point yet for the week at
3OB4c. Receipts were JOG cars; out inspec-
ton only 10, 900 bu. Ouly fifteen cars graded
No. .. Receipts of hogs were liberal, and
the market for product was Influenced
thereby. The professional raiders ham,
mered prices and pork sold off to $l4.35 for
January, or zoe under last nights close. 1t
eventually reacted little and closed at
S14.47l2, with May S14.72l2. Lard closed
3l2c higher for nearby months. while May
rested where it did on yesterday at Se.32l2.
January rib closed at $40.
THE ROUTINE REPORTS.
CHICAGO, Nov. 22-Prices for wheat again
reached Il higher point, but full outside flg-
ures were not sustained. Trading was active
and the feeling somewhat unsettled. The
opening was stronger and l40l2c higher
ihan the closing figures of yesterday, and
rallied 5s0la4c more under good buylng.
Shorts became nervous and took To covering
3 nIx-n1a nj lt<-r
prices brought out considerable wheat, there
being more or less realizing, and 1t was the
opinion that there has been some heaye sell
ing the last day or two on advances. AT any
rate, the offerings were suthc1ently heaVy TO
turn the market and prices alter
numerous flutuations, declined 1l4c. mere
renewed buying checked the decline and
prices rallied lc, became stronger and closed
about &c higher than yesterday. The ac1on
of the market the last torty-eight hours has
made The short interest more cautious. the
fear OF the market getting away from them
again asserting itself. A little better feeling
prevailed in corn, and although fluctuations
were narrow, a rather firm undertone was
ap, aren't. Opening sales were at about yes
terday's closing prices. after which The
market became quiet and steady. changing
but SSc the entire session. and closing l6G9 l4C
higher than yesterday. with the exception ot
November which was about csc mgher. Inc
active demand for November Was Il promt
nent feature, it being at one time about
Sc over December. The continued
poor inspection of oats tends 10 dis
courage holders and makes shorts nervous
the latter being anxious 20 cover. There
was also fair demand from outside parties
who were taking the long side. The ag
gregate trade, however, was only falr, anc
fluctuations we've confined to small range
Only fair trade was reported III mess pork
and weaker feeling prev allied Early the
offerings We're moderately free while the de
msn1 was only far, and prices declined III:
E2Uc. Later the market ruled steadier alI(
prices rallied slightly, but trading wa
limited Trading rtn1oa in w lard T TT mGasTats
early and only light demand, decline o
2I36n5c in prices was submitted TO. Late
the market ruled stcadier and the reduction
was recovered. A little more business wa
transacted in ribs. Offers were moderate
and the demand fair. Prices ruled 2l205t
lower. and the market closed quiet.
THE GENERAL QUOTATIONS
Wheat No. November, closed a
SlO8; December opened at S1.05, clos
ing at Sl.0Sl2; January, $l.U7ls closin'
Corn-No. 2 November opened at 4olSc
closing at 40c2,; December, 3Sc, closin!
ut 3SlAc; January, 3Tc, closing at 371Sc
May. 3SIsc, closing at 3S7sc. Oats-No.
November opened at 26I4c, closing at 26Ac
30l2c, closing at 30s4c. Mess Pork, Per Bbl-
November closed at S14.47I2; Decembe
closed at Sl447Ia; January opened a
S14.55, closing at $14.47l2. May S14. 70, clos
ing at Sl4.41l2. Lard, Per 100 Lbs-No
vember opened $50, closing at at SIS. 42l2
December SS.17l2, closing at IS. 22l2; Jan
uary $S.l5, closing at $8.l7l2; May ss.3212
closing at SIS. 32l2. Short Ribs. Per 100 LIB
january opened at $40. closing Il
$40; May, S7.G5, closing at $3.50
Cash quotations were as follows: Flou
nominaly unchanged. Wheat-No. 9 spring
Sl.07la@1.oS; No. 5 spring, 85@95c; Nc
red, S1.0112Gl1.0S. Corn-No. ?, 40l2G
i034c. Oats-No. 2. 2614c. Rye-No. 9
54e. Barley-No. 2, none. FlaXSeed-
Mol, SI.5l. Prime timothy seed, 53@154
Mess pork. per Dbl, Sill 5001470. Lard
per 100 lbs, $50. Short ribs sides Qoose)
S7.45@7.55; dry sailed shoulders (boxed)
$7.37l26l7.5O; short clear sides (boxed)
goods, per gal, Sl.2O. Sugars-Cut Loaf
SA@9I2c; granulated, 7l2c; standard a
5l4c. Rcceipts-Flour, $4,000 bbls; wheat
5000 bu; corn, 233 900 bu: oats, 9S, 90
bu; rye, 6,00U bu; barley, 62.OO0 bu Shin
Inents-Flour, 26.0t0 bbls;> wheat. 81 .0O
bu; corn, $4,000 bu; oats. 100, 900 bu
rye, 1000 bu; barley. $4,000 bu. On th
produce exchange to-day the butter marke
was firm and unchanged. Eggs firm an
unchanged.