St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-24
THE COMMERCIAL RECORD.
Wheat, Being Bought by Everybody,
Goes Up in Price Full Three
Points.
Corn and Oats Experience Slight
Advance, Hog Products Closing
Lower.
Financial Operations in the Money
Centers---The General Quota
tons.
Special to the Globe.


feeling to wheat on the curb this morning
and it sold readily at SIC, Sc over last nights
close. Even this did not indicate its real
strength, for it opened on the market at
e7ssc. a cent advance over the cloging price
and still booming The crowd was pretty
we'll sold out, and its endeavors to catch on
only forced the price still farther up. 1t sold
up to the top notch thus far, SSc, and took
December up with it to 90c. clutch, with
his perseverance, sold lot at this point and
broke September to S7s4c again. but even
then it was considered purchase and was
taken eagerly. The depression caused by
''Hutch's' selling did not last very long and
wheat resumed its advance stimulated
thereto by good orders to buy from Europe.
The country did not do much buying, and
The bulk of the trading was local. Not long
after 1890 it took squirt and ran over soc,
but presently fell back again to SSa4c. Then
reaction was the result of some realizing
which was done nby foreign houses an the
abortive attempts on the part of "Hurch'' to
pull down the market The line of advance
was again taken up, and the bulls used every
argument to continue the market in its up
ward course. The soc, market was passed
several times, and after IL o'clock the fiuc-
tations were confined between SS34c. and
pressure to sell September at 45c. 'Hutch
was willing to part with his. The market in
provisions firmed up rapidly after 1890
O'clock, and closed at a good advance all
around. There are fears that some shorts in
September Lard are going to suffer. The
stock here is very light, and there was
strong bulge in the market to-day, Kirkwood
and Dunn own the greater part of the Lard
in Chicago and Liverpool. Grain inspected
during the past twenty-tour hours, was 13S
cars winter wheat, Is spring, 34S corn, 233
oats, 40 rye, and - barley. Shipments,
were spring wheat, 41,645 bu; corn, 1884,
S07 bu; oats 63, 933 bu.
THE ROUTINE REPORT.
CHICAGO, Aug. 23.-The conditions in
wheat to-day were such as seldom exist, and
the advance was therefore remarkable The
close yesterday found large short interest
among the smaller traders here and at New
York. The selling for reaction was en-
couraged by the large operators, who be-
ieved in and were working for a further ad-
vance in prices. The cables which the shorts
expected did not come Instead spot wheat
IN the United Kingdom was quoted pence
dearer, with futures very strong and the
price of American advancing. In addition
the weather was wet abroad, and all this
6ullish n news . was backed up by buying Or
buying. country buying, buying by shorts
and still heavier taking by the already long
interest. The crowd several times during the
morning stopped buying long enough to
make realizing sales and then got in again
The result was bull day. such as is seldom
read about September started 1sc higher at
S7ssc, shot up to SSc, back TO S742c went fly
ing up to S9c, reacted fraction, and then on
to 89l2@S97sc. Thirty minutes before the
close the price of September was off SSI5c
and after another slight rally again acted
easier near the close, Wheat closed firm at
fN- H.
over last night and 7sc under the best point
touched to-day, SO that at the highest point
of the day an advance of Sac was shown.
Corn was quiet. but firm, and closing
prices were at about the outside for the day,
at an advance of ssc over last night. The
bull feeling i'll wheat. no doubt, helped the
shorts to keep prices slightly higher In con-
sequence OF firm markets for other cereals,
oats were firmer, August advancing l2c, May
Ssc and intermediate deliveries lsc. 1t was
dull most OF the time in the provision pit and
fluctuations were within narrow range.
Hogs closed lower. but that market had no
appreciable influence on provisions nor did
the wheat market. Opening prices were
about the same as last nights close. and
pork did not gain any all day, but at one
time sold 7l2c lower, closing, however at the
top, Short ribs closed at yesterdays figures,
but lard gained 12l2c
THE QUOTATIONS.
Wheat-No. 2, August closed at SS1bc:
September, opened at S7sBc, closing at SS34c:
October opened at S7ssc, closing at S918c;
May, opened at 94Ac, closing at 94s4c.
ing at 447sc: September, opened at 45c.
closing at 45c; October, opened at 447sc,
closing at 45c; May. opened 40c closing
at 40a4c: 0ats-No. 2, August, opened at
25Ac, closing at 25sbc; September, opened
at 24ssc, closing at 4l2c; October, opened at
24l2c, closing at 24asc May, opened at
2e$se, closing at 2sssc Mess Pork, per Dbl
opened at $3.50, closing at S13 S2l2;
October. opened at 1880, closing at $3.50:
January, opened at S13O2l2, closing at
S13;07l2, Lard, per 100 lbs-August, closed
closing at SO. 2la october, opened at SIS. 92I2.
closing at S9.05: January, opened at
S7.6712, closed at S7.T5. Short Ribs. per 100
lbs-August, closed at So September,
opened at Ss.1552, closing at $500; Oc,
tober, opened at So. 22l2, closing at SIS. 22l2;
January, opened at S6.62la, closing at So 65..
Cash quotations were as follows: Flour
firm and 10@15c per Dbl higher; Good pat
ents S3.@5.10; Bakers $3.50. Wheat-No.
spring, SS12@SS5sc: No. 3spring, S2@S5c;
o5atsINo. 2, 25Ac. Rye-No. 2; 4slsc. BIZ,
S1.25@1.26: timothy, prime, 50 2O@2. Is.
Pork-Mess, per Dbl, $13. S0113. S2l2. Lard
Per 100 lbs, S9.1O@9.12la. Ribs-Short,
sides side ,doose}, So 2o 9a 25!2; Shoulders
sides boxed@ IS. s6ae. Whisky-D Dist h,Ss
finished goods, per al.$1.20. Sugar-Cut,
loaf, S9sc; graduated, 75s@7s4c: standard
"a" 7Ac. Receipts-Flour, 13, $50 bbls;
wheat 81, 69S bu; corn, 272, 764 bu; oats.
2I9,233 bu; rye, 13, 954 bu; barley 1850 bu.
s47 bu; corn, $50, 239 bu; oats, 40, 34s bui;
rye, s,492 bu; barley, 54S bu. On the
produce exchange to-day the butter market
was steady and unchanged. Eggs, in fair de-