St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-18
The COMMERCIAL RECORD.
Gn Irregular and Panicky Wheat Mar
ket, Prices Declining Nearly
Point.
Corn and Oats Advance--All Hcg Pro-
duets Closing Exceptionally
Steady.
Financial Operations in the Monetary
Censers--The General Quo
tati0ns.
Ennnial To the Globe

Special to the Globe
CHICAGO. Oct. 1.-THE wheat market here
TODAY was marked by quick, nervous huctu-
stions. Little attention was paid TO natural
causes and the crowd was either scaiplne
Or waiting TO see what the manipulators
were going to do finally. The wires brought
reports of a very unsettled ana unsauSIact-
ory feeling at New York and the seapoaru'
There the crowd was deceived by the bulge
before the close yesterday and opened the
price of December at Sl.l4 this morning
but the crowd was hurt again and obliged to
let 90 and the price dropped to Sl.l3 at
once December sold at Sl.14 up to
SI14k. down to 81. 1924, up to S1.l3l4, down
TO SI.I2Ss, up to S1.14 at l2:30 p. m, ana
showed q tendency to weaken about
INN. May sold Sl.14I2, down TO S1.l3
and I'D to SI.l44 at noon. Receipts were
but 10Y cars all told, and only 20 cars OF
No. ., z of winter and Is of spring were IN
spected. This causes some comment among
those looking after causes for strength. EA-
mort clearances were but $4,000 bushels at
Atlantic ports and nothing from New York.
The primary receipts were about 6SO,OOO
bushels with 2S4,C00 at Minneapolis ana
123. 600 at ST. Louis. The statements about
the great blockade in the Northwest with
mixed and poor grades OF wheat when VIII
not be allowed in the elevators continue
and are not without effect There
was slump in wheat the last
fifteen minutes of the session.
The claim was made that December could he
bought for 8. II34 lust after the close. A
sale of %. 900 bushels of old wheat was re-
ported at S1.13 The buyer was local
miller. Corn was blind market most OF the
day for most of the crowd. November
opened at 43c, sold at 42s4c and up 10 44l2c,
and back to 1859 at the close, or s4c over
last night. October sold at 43s4c and up to
445sc, closing at 437sc. December closed at
4Os4e and May at 39Isc. 1t was thought that
Hutchinsons brokers advanced the market
bv buying in October where little
was for for sale and selling November.
When this was discovered there was
q drop of l2c IN a few minutes at the close
Receipts were 6S7 ears. with $50 cars for
Thursday. The No. 2 received amounted to
3SS cars; out inspection, 100000 bu.; char
tiers TO-DAY. $4,000 bu Oats were quiet and
steady Receipts 221 cars. Receipts of
hogs were again comparatively liberal and
the m lrket was lower which caused lower
provision market at the start. January pork
opening 7I2c below last nights close. There
were few sellers of pork, however, and with
a scattering demand prices improved for the
aforementioned option from Sl4. 10 to
S1430, subsequently dropping back some
what, and closing where it did last night at
SI4I7I2. January lard sold at S8.O7I2@
s12I2, closing at IS 10, where it did yester-
day. October ribs closed 7I2c lower, at
$3.50.
THE ROUTINE REPORT.
CHICAGO. Oct 17.-Wheat was unsettled
and prices very irregular Operators are
watching the course of the market closely
and endeaVoring to form some idea OH which
TO base operations. but the trade is at disad-
vantage and unable to act with any degree of
certainty. Ii is all guesSwOrk. and for this
reason trade is light and mostly local. The
opening was firmer and about lie higher for
May and s46lc higher for December than
closing figures yesterday. but ruled weak and
declined irTeguiarly 15sc for December and
lie for May, rallied to almost early outside
prices, but closed very weak and 7sc lower
for December and sac lower for May than
yesterday. The sudden developed weakness
shortly before the close was attributed to
heavy selling by two or three local traders. A
moderate trade was reported in corn and the
feeling developed was much stronger. The
market opened at about the closing prices of
yesterday, and sold off lS0l4c, but ii soon
became apparent that there was very little
corn for sale. Prices advanced lisa lac, re-
acted 5sc, again rallied 1850, ruled easier
and closed with October and Novem-
Der E4Glc higher; December 3sc and May
1sc higher than yesterday. Orders for oats
were light and local operators not disposed
TO engage actively in trade. The feeling was
quite strong. in sympathy with a firm corn
market, and prices averaged about lse better.
There was some little demand for October
and there was light trading in December, but
May was the principal delivery and even here
trade was quiet Mess pork was moderately
active early several leading packers and op-
orators buying and selling freely. Trading
was chiefly i'll January, though May came in
for more attention. Opening sales were at
10c decline. Offerings were not large, and
an advance of zoe followed. The apprecia-
ton brought out fair offerings, and decline
of 7I2e followed and the market closed
steady. Lard was traded i'll moderately and
prices were confined TO a narrow range.
Holders evinced more disposition to sell and
prices declined slightly. quiet and an
easier feeling existed for short ribs. Buyers
evinced no particular disposition to take
hold. and longs were not particularly anx-
iouS to sell.
THE GENERAL QUOTATIONS.
Wheat-No. October, opened at S1.11l2,
closing at S1.104s; November opened at
SIl4, closing at SI.I2ss; May, 1.l4l2.
closing at SLIPS. Corn-No. OctO-
Der opened at 42s.c, closing at 437se;
November, 43e, closing at 1859; De-
cember, 4O4c, closing at 40s4c; May, 39lSc,
closing at 3914c. Oats-No. 2 october,
opened at 24c, closing at 24Isc; November,
24sSc, closing at 24ssc; December, 25c,
closing at 25Ise; May, 2914c, closing at 29I4c.
S14.11I2, closing at SI412I2; January,
$l4.30, closing at S1417I2; May, closing
at S14.35. Lard, per 100 lbs-October
opened at SS.75, closing at $50; November
opened at SS.25, closing at S9.27l2; Deem
Der, $50, closing al sS.i2l2; January,
SS.07I2, closing at $50. Short Ribs, per
100 lbs-October, closing at $3.50;
January, SITE, closing at $7.20.
Cash quotations were as follows: Flour
quiet and unchanged. Wheat-No. 2 spring,
SI.09l2@1 .10l8: No. 3 spring, $4,000; No.
2 red. S1.09le@1. 10: GornGNo. 2, 43ssc
Oats-No. 2. 24lsc. Rye-No. ., SIC. Bar
ley-NO. 2, nominal. Flax Seed-No. 1,
SI45. Timothy Seed-Prime, SI.50@1. 81.
Mess Pork-Per Dbl, SIS. Lard-Per 100 lbs
$S.75. Short Ribs-Sides Qoose), IS .1o@
S.l2l2; dry sailed shoulders boxed, SIS. %
@S.50; short clear sides (bOXed), IS. 1903.
Whisky-Distlllers finished goods, per gal,
SI2O. Sugars-Cut loaf, S46Sl2c; granu-
lated, 7s4c; Standard A, 7l2c. Receipts
Flour, 10000 bbls; wheat 10000 bu; corn,
537, 600 bu; oats So, 900 bu: rye. 81. 900
blu: barley liz, 900 BID. Smpments-Flour
5000 bbls; wheat. IS, 600 bu; corn, &c. 900
Blu; oats, SO, 600 bu; rye 5000 bu: barley
5000 bu. On the produce exchange to-day
the butter market was firm; Elgin creamery
25626I2c: choice western. 22@24c; choice
dairy, 1920; common to tair, 110I7c.
Eggs steady al 17@1l7l2c.