St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-10
The COMMERCIAL RECORD.
Scalpers Take Hold of the Wheat Mar
ket and Operate It to Suit
Themselves.
Corn Advances q Fraction. OATS and
Reg freducts Taking
Tumble.
financial Operations in the Monetary
Centers---Tae General Quota
lions.
Special to the Globe.

Special to the Globe.
CHICAGO, Nov. 9-Wheat was dull and
heavy early. with n strong reaction before
the close. The market was in the hands of
scalpers the greater part of the session.
There was little or no outside business The
heavy selling here Thursday was this morn
ing credited TO holders of wheat and flour in
the Northwest. That made the crowd bear
lsh all the morning. Then W. B. Ream was
credited with selling large lire from 81. IL
down to Sligo for May. Hutchinson lid
very little selling, aud his light buying made
the crowd suspicious. Primary receipts were
but 495, 900 bushels, against 532, 900 this
day last week and $4,000 this day last year.
The receipts at this point were 81 cars, OF
which % cars winter and II cars spring
graded No. 2. December sold at ST.. IS, down
to 1888, up to SILICA, down TO 81. 1914.
up to $l.1Gls, down TO 81 15A and rallied
to S1.16 about l o'clock May started at
SLICES sold at 116ls, up to ST. I7A. down
to Sill IS, up to SLY, back to SLICES, the
bottom for the session. and on bulge at
p. m. went straight up to Sl.17la. the outside
price up TO that hour. Wheat closed active
and strong, with May 1c over the bottom
price of the session, and l2c over the closing
price last night at 81. I7Ss. The conditions
were favorable for heavy holders of
corn to work off a good line on
the crowd without breaking the mar
ket. The weather and the light receipts,
with poor grading, made strong market.
The early selling caused prices to decline
slightly with wheat. Later the professionals
bought some and prices rallied q little.
November sold 411a@42c: December, 4oss
@41c May, 39A@399sc Receipts only 25o
cars with but ITO ears NO. g Oats were
fairly active and closed 14@asc higher; re-
ceipts 1913 cars The provision market was
narrow one. Pork opened little lower
at Sl4.20 for January, and the entire range
for the day was narrow, S14. 72i2@14. S2iz,
closing at Sl4.75, or 12l9c lower than on
yesterday Lard closed 2S4c lower, and
January short ribs sc lower.
THE ROUTINE REPORT.
CHICAGO Nov 9-Wheat was rather dull
and tame most Of the session. Trading was
chiefly local and outside business smaller
than for the past few days. The influences
were to some extent builish. but operators
did not appear 10 pay much attention 10
outside news, as the local situation was
enough to watch. Some one evidently was
feeding the market with wheat quite freely,
and on each rally was this so demonstrative
that operators were reluctrnt to buy. but
shortly before the close the market turned
on good buying, which absorbed the offer
ings. and the decline was recovered. The
opening was weaker than yesterdays clos
ing, declining see, rallied Sec, declined
5sc then advanced | "A and closed Iac higher
for Nav and l8c lower for December
than yesterday. A steady feeling prevailed
in corn most of the session. though there
were periods of temporary weakness. The
governing influences were of local charac-
ter, and the sgeadiuess was attributed largely
10 smaller receipts, and also the unfavoFable
weather for the grading of new corn. Open
ing sales were at S46kc advance over the
closing figures of yesterday, after which the
market f1uctuated within sec range and
closed trifie Letter than yesterday. A prem
iuent local operator in this cereal was cred
tied with fair purchases of January and May,
more particularly the latter month. The
feeling in oats was frmer. Near futures were
in some request to cover shorts, which i'm
parted considerable strength 10 the mar
ket, and the prices outside were i'll
some instances 1i(1SSc above yesterdays clos
ing quotations. May delivery did not fiuctu-
ate outside of Yesterdays range ct prices uil-
Ill late i'll the afternoon, when there was a
sharp advance the market closing Ss@tac
higher There was fair trace reported i'll
mess pork mainly in January and May de-
liveries. Prices ruled 7i2@1Gc lower and
closed quiet al inside figures. Trading was
comparatively light in the lard market, and
an easy feeling prevailed. Offerings were
small and demand limited. Prices ruled
about 2l2c lower and the market closed
quiet. Only fair business was reported in
short rib pork, aHd prices exhibited little
change-ratner favored buyers. Offerings
were not very large, and demand fair.
THE GENERAL QUOTATIONS.
Wheat-No. . November olened at S1.I5
closed at 81. las; December S1.16, closing
at Sl.157s; January, S1.13%l. closing at
ST. 1874; May, 81. 1853, closing at Sl.17SS.
Gorn-No. 2 November opened at 42c closing
at 4lssc; December, 40s4c. closing at 4034c;
January, $3.50, closing at 3S24c: MAY. 39l4c
closing at $3.50. Oats-No. 2 November
opened at 249sc, closing at 25lsc; Decem-
beF 25lsc, closing at 25iac; May. 293sc
closing at 2SS8c. Mess Pork. Per Bbl-No-
vember closed at $145O; December opened at
$1450, closing at Si4.50: January. S1460,
closing at S14.75; May, SIS. 12Is, closing at
$15.02l2. Lard, Per 100 Lbs-November
opened at SS17ls. closing at $S.l7is; year,
closing at $s.1o Snort Ribs, Per 100
Lbs-November closed at $3.50; January
opened at $50, closing at STATE
Cnsh quotations were as follows: Flour dull
and unchanged Wheat-No. = spring, SLID;
No. 3 spring. s6@90c; No. 2 red, S1.15.
No. 2 55c. Barley-No. 2. 76@7se Flax
heed--No. !, slate. Timothy Seed-Prime.
S146@I.4T. Mess pork per Dbl. S14 rs.
Lard per 100 lbs, IS. 17l2GlS.2O. Short ribs
SIDES Qoose). S7.5t07.6o; dry sailed shout
ders tboxed) S7.37l2@7.5O; short clear
tillers' finished goods per gal, 81 20. Sugars
Cut loaf, SA@9tzc graduated, 7l2c;
standard A. 7l4c. Receiptsz-Flour. 10000
bbls; wheat, $4,000 bu; corn. 16S. 900 bu;
oats, $4,000 bu: rye, 14,O00 bu; barley.
10000 bu. Shipments Flour II, 600 bbls;
wheat. $1,000 bu; corn. 504, 900 bu: oats,
131,OU0 bu; rye, 81, 900 bu; barley, 6S Geo.
On the produce exchange to-day the butter
market was steady and unchanged. Eggs
steady and unchanged.