St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-21
THE COMMERCIAL RECORD.
Old Hutch and Others Bear the Wheat
Market, and Prices Take
Tumble.
A Better Feeling in Corn and Oats,
Liberal Buying Helping Pro-
visions.
financial Operations in the Monetary
Centers---The General Quota
tons.
Special to the Globe.


CHICAGO, Dec 2O-What started out as a
very dull day in the wheat pit proved quite
interesting enough for the tailers and scalp
ers before O'Clock. There was nothing new
in conditions, but the action Of a few leading
operators changed the sentiment Of Inc
CROW d or. rather, caused them to act on their
feelings During the forenoon the trading
was very light, and )nfined 10 May, with the
price turning as OH several previous days, on
S1O9I2 Then Lyon was credited with free
selling. Later, Hutchinson sold some openly,
and, il was believed. bought a good deal
quietly. May went off 10 Sl.0S7s, re
acted to S1.O9, went on sec
ond drop to S1.0S24, or 1c under
the close yesterday. Outside markets went
off to correspond with prices here. with very
light business reported in the Northwest. AT
New York May went below the 81. 10 point,
as predicted by dispatches early in the week
Receipts were 46 cars, with cars OF NO.
in which there were but 2 cars Of contract
stuff actually received. The estimate for
Friday was 80 cars The fear among the
small traders in wheat that the big operators
are getting out of ii continued TO the close.
May sold at 81 OS2s, and closed at 81 Oslo, or
lac under the close yesterday. Even
with decided weakness III wheat, there
was a better feeling in corn most
of the session. On bulge about
noon, December and May sold l4c over open
ing prices and there was an advance OF Ice
in January, part of which was lost later. Re
ceipts were 231 cars with cars of No 2.
The estimate for Friday is 81 cars. Sales
p here were 34034l2c, closing 34lac; January,
31s4c, closing 34I2c; May, 37G37Ssc, closing
37Ac. Provisions opened dull at a trifle
lower prices The hogs at the yards were es
timated at 10000, and prices were at best
steady. Before the 10 a. m. call ribs sold SC
lower, lard 7l2c lower and mess pork sc TO
7l2c lower. 1t was then learned that the hogs
would not exceed $4,000 and that the mar
ket was strong. On the call there was
some good general buying of ribs, lard and
pork. January ribs went TO Sc 50 and May
TO 81, 2l2 to SC over the close Wednesday,
Lard went TO $3.50 for January and $3.50
for May. Pork went to Sl312l2 for Janu-
AIRY and 1880 for May or about 17l2c over
closing prices yesterday. Toward the close
the advance was mostly lost, and January
pork rested at Sl3 Oats held fairly steady
and closed shade higher. Receipts 1877
cars.
THE GENERAL QUOTATIONS..
Wheat-No. 2 December opened at 81 OBS,
GlOblllS at y .O-S. y 2l.O1 u stlDcliiS
at 81 .O3S4 May, Sl.O9I2, closing at 81 Oslo !;
july Sl.00l2 closing at Csc. Corn-No.
= December opened at 34c, closing at 34lsc (;
January, 34Ac, closing at Base; May, SIC,
closing at 37lsc. Oats--No. December
opened Mt 255sc, closing at 255sc; January
25ssc. closing at 25s4c May, 2ss4c, closing
at zoe Mess Pork. Per bbl-December
closed at Sl3; January Sl2.92l2 closing at
S13 10: May, $3.50, closing at Sl3.47l2.
Lard, Per 100 lbs-December closed So ply ;
January, 7.77I2, closing at S7.77l2; May,
S7.s7l2, closing at S7.S7I2. Short RIBS
Per 100 lbs-January opened at S6.77l2,
closing SO S2l2; May, S692l2, closing at 81 I;
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. spring
SL02A@l0 70; No. 3spring, 9l09Gc; No.
= red, 81 .O2A6D1 .02I2. Corn-No. ,, 3SIsG1
3S14c. Oats-No. ., 25l2c. Rye-No ., 5G24c
Barley-No. ., none Flax Seed-No |, 81 TO
Timothy Seed Prime, 81 .19@Dl. SO. Mess pork,
per Dbl Sl3,l0. Lard, per 100 lbs, Ss.l2i2
short ribs sides, loose, Sc: $4,000;
dry sailed shoulders (boxed), S6.75@6 S7Is {;
short clear sides boxed, $780,. 37la
Whisky-Distillers finished goods, per gal,
$l.20. Receipts-Flour 1900 bbls; wheat,
"a 900 bu; corn, AIS, coo bu; oats, e3I, 900
bu; rye, 10000 bu; barley $4,000 bu.
Shipments-Flour ii 900 bbls; wheat. "a
900 bu; corn, 255, 900 bu: oats. LIS, 600 hu
rye, 6,000 bu; barley, 5000 bu. On the
produce exchange to-day the butter market
was dull and weak ;fancy.creamery,2 S@ SOC ;
good TO choice, 23024hc fine diaries, pa
%: good to choice, 2l@22c. Eggs dull
at 2Ic.