St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-15
Wheat Bobs Up and Down in an Unuat-
ural Market. mi Closes
Strong.
Corn and Oats Slump Heavily, and Pro-
visions in Sym 1athJ Fol-
low Suit.
Financial Operations in the Money
Centers---The General Quo
tations.
Special to the Globe.

make operators sell long wheat There was
great quantity of long wheat and some
short wheat sold here, but whenever the
price got down to the opening figure there
appeared to be a string on it. Just when the
crowd thought good decline had set in the
market would firm up and react lac. The
range for the greater part of the session
was but s4c, but the track was
Travelled over very often, especially just
around Ole for December. Whether the
strength came from clever manipulation by
Hutchinson or some greater power, or
whether it was uniform change of senti-
ment i'll favor of buying on the breaks, every
time December got down about 90a4c it got
boost from somewhere, sometimes stopping
at elise, again at 9lAc, and once reaching
91l2c, the outside for the session. Receipts
here were 253 cars, and the outinspection
1900 bu. Corn was simply weighed
down to-day, and it would not have
been surprising if prices once
started under free selling, had gone down
cents in place of l cent. The receipts
were large, 655 cars. The weather not only
here but in the Northwest, was of the finest.
The crop is past the frost line and will be
enormous. The decline in futuresh ere was
good round cent at the close at p. m.
Oats were inactive and closed a shade lower.
Receipts, 292 cars. 1t was another dull day
in the provision pit. The opening was rather
weak and little lower in some instances,
the nervousness owing to the yellow fevers
spread being the prime factor producing this
effect. Hog receipts continue light, and the
quality to-day was not so good. Mess pork
recovered a part of its loss. closing at l
o'clock 5@12l2c lower than last nights close
Lard was strong most OF the time Tor October,
closing at S9.9712, while January lost Toe,
closing at SS.02l2. Ribs sold off little for
near by months and January, recovering in
the former, and closing at 81 for the latter
and $500 for October.
THE ROUTINE REPORT
CHICAGO, Sept. 14.-The action in wheat
to-day was most unnatural one. Markets
elsewhere were weaker and the sentiment
bearish. The cable news was of a sort to
make operators sell long wheat. There was
a great quantity of long wheat and short
wheat was sold here, but whenever the price
got down to the opening figure there APP
peafed TO be string on it. Just when the
crowd thought good decline had set in
the market would firm up and react
l2c. The range for the greater part
OF the session was but S.c but
the track was travelled over very often, es-
pecially just around 81 cents for December
Whether the strength came from clever man
ipulation. or whether it was uniform change
OF sentiment in favor of buying on the
90s4c it got a boost from somewhere, some
times stopping at elise, again at 9l14c and
once reached 91l2c, the outside for the
session, October sold at S9SS@90c,
ana May at 93lSG95s4c; Primary receipts
were large and the grading at most points
fairly good. Wheat closed at L o'clock at
ABOUT the pivotal point of the day, 907s09Ic
for December May closed at 95I2c. Corn
An active speculative trade was witnessed in
transactions being on larger scale than for
some time, and lower range of prices was
established. The feeling from the opening
was weak, owing to the receipts being nearly
100 cars above expectations, and this feel
ing was intensified when the estimates
cars. This was the main cause
for the weakness of the near futures. The
more deferred deliveries were quite active,
and work on prospects of large yield. now
that the growing crop is reported pretty gen.
orally ont of danger of frost. Operations
were on n large scale, and the market all day
was the scene of activity. The market opened
at about the closing prices of yesterday, sold
off Sac. reacted lac, then gradually declined
Use. reacted l2c. but again became weaker
and closed with the near futures 101Isc and
more deferred months I2Gs4c lower
than yesterday. Many operators who have
been inclined to favor this cereal of late
were reported as being liberal sellers to-day,
and this, together with the offerings of the
local crowd, created weakness, and eonsid-
cradle long property was sold. Several oper
dtOfb WHO IIdue III wheat were IuenllHeu
with the selling interests around the OPEN
ing Under the influence of a weak corn
market and the prospect of heavy receipts,
oats were heavy and weak. with decline
of ls0hc. 1t was another dull day in
the provision pit. The opening
was rather weak and little lower in some
instances. the nervousness owning to the
fear of yellow fever spread, being the prime
factor, producing this effect. Mess pork re-
covered a part of its loss. closing at l o'clock
at Sl420. and Sl3.77I2 for october and Jan
uary, or DC to l2l2c lower than last nights
close. Lard was strong most of the time for
October, closing ut S9.97l2, while January
lost 10 cents, closing at SS.02I2. Ribs sold
off a little for nearby months and January
recovering III the former, and closing at
81 for the latter and sos for october. At
the afternoon session, wheat was active and
strong ranging between 907s091c for De-
cember. Corn was in fair demand, and
prices steady. Oats were in moderate re-
quest and tirmer. PORK advanced 2l2c for
october, but ruled unchanged for later de-
1iveries. Lard was steady October 2Iac
lower for November, and unchanged for
later futures. October short ribs advanced
2l2c. ana January was n shade stronger
THE QUOTATIONS.
The leading quotations ranged as follows:
Wheat-No. > September closed at 90l2c;
October opened at S9l2c, closing at S9s4c;
December, 9OS4c, closing at ole; May,
95ls, closing at 95I2c. COrn-No. =, Sep
TENDER opened at 44%c, closing at 44c;
October. 1OL2c. closing at 40l2c. December,
3S7sc, closing at 3SSsc; May, soc, closing at
3SI2c. Oats-No. ,, September opened at
81 2sc, closing at 24sSc; October, 24ssc, cos
ing at 2issc; year, 241sc. closing at 24lBc;
May. 2Sl2c. closing at 2slsc Mess Pork
per bbl-September closed at Sl4.22l2; Oc-
tober. S14. 10. closing at Sl4.22l2; Novem-
Der, $3.50, closing at Sl3.72l3; January,
$3.50, closing at $3.50. Lard per 100
lhsASeptember opened at 1895, closing at
S9.97I2; october, S9.95. closing at S9.9712;
har 80 closing at GO 0OlL.
s., closing at SS.O2l5 Short ribs per 100
lbs - September closed at SS67i2; Oc-
tober, $500, closing at SS.67I2 Jan
uary, sos, closing at S7.02I2.
cash quotations were as follows: Flour
quiet firm and unchanged Wheat-No. 2
spring. S9S40l90ssc; No. 3 spring, S3@S6c;
No. 2 red, 90c. Corn-No 9, 44c. Oats
No. 2, 2414c. Rye-No. 2, sic. Barley-No.
., nominal. Flax Seed-No. l, S1.26.
Timothy Seed-Prime, 81 .650L67. Pork
Mess, per Dbl. S14. 20114. %. Lard-Per 100
lbs SlO6lO.02is. Short Ribs-Sides, Qoose)
So. 65@s. 67le. shoulders - Dry sailed,
boxed S762ta@6.75: short clear sides. 50
@9.25: Whisky-Dislillers' finished goods,
per gal. S1.20. SugaTs-Cut loaf, S1s0Sssc;
granulated, 7s4c: Standard A. 7I2c
Receipts-Flour. 9. l62 bbls; wheat. 107, 74S
bu: corn, 344, 241 bu; cats, 235. 34S bu; rye,
2S. $50 bu; barley, 81. 607 bu. Shipments
Flour, 81 bu; wheat, 10, 032 bu; corn,
332. 762 bu; oats, 140, $50 bu; rye. 1896 bu;
barley, 22,9l0. On the produce exchange
to-day the butter market was firm and I'M
changed. Eggs steady and unchanged.
RI NEWPORT e. SON.