St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-17
THE COMMERCIAL RECORD.
Snecial 10 the Globe.

Special TO the Globe.
CHICAGO. Oct. l6-The wheat market was
enough unsettled here to make operators
elsewhere very nervous. There is little dan
ger of any one here getting hurt seriously by
sharp OF wide fluctuations Conservative
commission houses have kept their customers
pretty well out of the market for week past.
The big operators who have directed the
market here may force prices much higher
and may put the price back to 81. On the
other hand, the bulls are sure, from their
talk, of wheat going to S1.20 or better, but
they hesitate from investing, because they
fear manipulation. But the belief is in higher
prices, by big majority. The rebound In
prices at Duluth this morning was move
in this direction. The primary receipts
at nine leading points were but 4S4,O
bu, against 10000 bu one week ago
to-day. Receipts here were 166 cars. Dur
ing the morning prices were merely nominal
in the pit for October and November, they
being about Is4c and lI4c respectively under
December. December sold at SI.10s4, down
TO SIIOI2, up TO SLIPS, down to S1.1Os4,
and at D. m. up to S1.13. AS the prlce ad-
vanced near the close May was A@i2c pre-
MUM, though both futures were together at
SI.1I@I.12 early. There was no great &C
tivity at any time, but the scalpers were In
the Dit in great numbers. The best strength
of the day was shown Just at the close in
wheat At that time May moved to about 1c
premium for the first time since December
took lead. There was disposition to raid
corn early. The receipts were short OF the
estimate. yet quite large at 1,0S3 cars, with
over 600 cars Of No. 2 grade. When the
early selling began the price of November
went off quite easily to 42I2c; or 1c under
last night. Then the demand for cash and
October was suddenly improved by buying
by Hutchinson and others. The crowd at
once vented to buy back and the price went
up to 4334c, closing at 431sc, or sSc lower;
October sold at 42s4c, and closed
at 4Sc. Engagements by lake at
&c to Buffalo were 41S,000 bushels
Oats were quiet and steady. Receipts, 1877
cars. There we're 1900 hogs at the yards
this morning and under liberal offerings of
the product mess pork was weak and lower.
January sold from S14.35 at the opening
down to SI412l2 before noon, closing at
SI4l7l2, or 12l2c lower than last night.
November pork lost 15c November lard
sold at S.. 27I2@9 .42I2, closing at S9. so, with
January SSI a decline of 17I2c and 7l2c
respectively October lard was 25c lower at
SS.75. Ribs also shared in the decline, clos
ing 27i2c lower for October and sc lower for
January.
THE GENERAL QUOTATIONS.
Wheat-No.2 October closing at Sill !;
November opened at Sl.09S4, closing at
81. 11g4 December, Sl.1Os4, closing at ST.
1874 ; May, 81. l0Ss closing at S1.14 Corn
No October opened at 42SSc, closing at
43c; November, 43lsc, closing at 43lsc;
December, 4OlSc, closing at 4Ol2c; May, 39c,
closing at 39c. Oats-No. 2 November,
24I.c, closing at 2412c; December, 241sc,
closing at 25c; May, 29e, closing at 2914c.
Mess Pork, per bbl-October opened at $15,
closing at SIS; November opened at 1914. Is,
closing at SI4.15; January, Sl4.35, closing
opened at IS. 42I2, closing at $3.50; Decem-
Der, ST. Dip, closing at SS.12l2; January.
SS.15, closing at $50. Shortkibs, per 100
lbs-October s.. 05, closing at S7:9712; ;
January, $40, closing at SID:
Cash quotations were were o as follows follows Flour Jour
5.25; winters, S5.65@5.90. Wheat-No. 2
spring, S1.1Ol2@I.11; No. 3 spring, SAC
9Oc; No. red, S1.l0l261.l1. Corn-NO.
2, 427s@43c Oats-No. .. 24c. Rye-No.
2, sac. Flax Seed-No. l. Sl.46. Timothy
seed-Prime, Sl.45. Mess Pork-Per Dbl,
Ribs--5sides Qoose). $500; dry salted
shoulders (boxed), SIS. 35@S.5O; short clear
sides (boxed), $4,000. Whisky-Disull-
ers' finished goods, per gal, Sl.20. Sugars
Cut loaf. Sl46Sl2c; granUlated, 734c; STAN
dard A, 7lac. Receipts-Flour, %, 900 bbls;
wheat, $4,000 bu; corn, 34i ,OyO bu; oats,
$4,000 bu; rye. 10000 bu; barley. 13l 900
bg. approximations, "a 600 bbls; wheat,
30, 900 bu; corn, 31I,000 bu; oats, 22O,OO
bu; rye, 81, 900 bu: barley 100. 900 bu. On
the produce exchange to-day the butter mar
ket was higher; Elgin creamery. 25@26l2c /;
choice western. 22G124c; choice dairy, 100
22c: common TO lair, 14G22c. Eggs steady
ar IN SIac