St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-26
The COMMERCIAL RECORD.
an Active Market Develops Another
Material Advance in the Price
of Wheat.
Oats and Corn Bulge in Sympathy. hog
Products Closing
Steadier.
Financial Operations in Wall Street,
The General Quota
tons.
Rnncinl TO the Globe

CHICAGO, Sept. 25--There was 1alr TRAD
ing In all quarters on C hange early to-day,
but the interest in wheat caused everything
else to be somewhat neglected. The general
feeling on the floor was strong, and in wheat
Il was wildly builish. Wheat jumped 1Ac
over last night and started upward very
briskly from opening prices. There was
scramble at the start and different parts OF
the pit had different prices for all futures
On Monday wheat sold at 2Ssc over the
close on Saturday, and this morning the
price of December touched point
2ssc over the close last night.
In both instances the top prices were touched
before noon, and under the influences of
buying by shorts and by the bullish crowd,
urged on by the conditions in the Northwest.
In neither instance were other markets, at
home or abroad, except in the Northwest, in
accord with the feeling here. The light pri-
mary receipts, the light clearances, the low
grading of much of the wheat now being re-
ceived, all help the bulls in their present
campaign. The top point reached to-day was
about sc advance since the opening Monday
morning. 1t is thought that many stubborn
shorts have come in, and that the wheatis now
dependent upon the longs, who may attempt
to realize at any hour. The highest prices of
the day were touched at the close. Receipts,
262 cars. There was sensational bulge in
corn. Hutchinson bought heavily. This
and the estimates of only 476 cars for to-
morrow, and also the strength in wheat
caused sharp advance. Receipts 795 cars
and 10000 bushels by canal. Oats were
also firm and a fraction higher. Receipts
S23 cars. Provisions were strong and higher
closing at the top prices Of the day. The adj
vance in corn was about the most prom
inent factorin the improvement the strength
In Stiff inf,
THE ROUTINE REPORT.
CHICAGO, Sept. 25.-Trading in wheat was
very active again to-day with another mate
rial advaace established in prices. The
opening was about 1@lAc higher than yes
terday's closing figures ruled steady for
while and then took another start, advanc-
ing 1ssc more, declined 1c, again became
steadier, and closed about 25sc higher than
transacted the bulk being on local and
Northwestern account. The advance was
attributed TO about the same influences noted
yesterday, of which the situation in the
Northwest was the principal factor. Duluth
was again severely higher, and New York
was relatively stronger than usual,
sympathiZing more generally with
The advance IN the West. Liverpool was
quoted firm with prices tending up. The re-
ceipts are small. The export clearances from
three seaboard ports yesterday were very
light, but at present is not attracting mucn
attention, speculation being governed, ap-
There was very active buying, but the ad-
vance was met with pretty free realizing on
the part of '.lOngs," which checked and pre-
vented further advance. But the offerings
were soon absorbed, and with that steadier
feeling again developed. Trading in corn
was active and the feeling produced stronger,
higher range of prices being established.
The governing influences were the advances
in wheat, the active demand from shorts and
TO the operations of a heavy local oper-
Rtor, who was credited with buying
freely. The market opened about l2c above
the closing price of yesterday, was firm and
advanced with some reaction 1A@1ssc,
Eagged off l2c, again advanced ssc, ruled
steady and closed with near futures 1A@
214c higher and May l2c higher than yester-
day. The receipts were quite large, but the
estimates for tomorrow were not as large as
usual, and this created demand. The short
interest was apparently quite large, and in
covering prices advanced sharply. Gables
were dull, and home markets higher Oats
were frmes in sympathy with the advance in
wheat and corn, and values are AQSsc bet
ter, Mess pork was fairly active. The
near futures were rather quiet but
steadier. The opening sales were at 2l2c
active futures and the gain was fairly main
tanned until the close. There was fair
business in lard within narrow range of
prices. october was held steadily at the
same figures as for several days past Trad
ing mainly in November and January, and a
steadier feeling prevailed. In short ribs,
better inquiry prevailed for the near futures
also for cash, the latter being wanted for
shipment to Western consuming points. Of
ferings were moderate and sales were made
at 5Q7l2c over october. Opening sales
were at 2l2@5c advance. Sold up 5Q10c
and closed steady.
THE QUOTATIONS.
The leading quotations ranged as follows:
Nheat-No. 2 September opened at 81,
977sc; December, 96s4e, closing at 99Ac;
May, 99l2c. closing at 81 .0O7s. Corn-No. 2
September opened at 41lBc, closing at 42S4c;
October, Ale, closing at 42s4c: December.
at $3.50. Oats-No. 2 September opened at
23l2c, closing at 23s4c; October, 23s4c, clos
ing at 24c; year, 23l2c, closing at 235sc;
May, 2Slsc. closing at 2sssc. Mess Pork, per
S14.55, closing at Sl4.65; November, 81 3. 90,
closing at S13.9zl2; January, $3.50, closing
atS13.90. Lard, per 100 lbs-September,
closing at $1,000; october, $40 so. closing at
5000; year, SS35, closing at $S.37I2;
January, Ss.15 closing at S. Is. Short Ribs,
per 100 lbs-September. closing at SS.67l2;
October opened at $3.50, closing at
SS.G5i January. 81, closing at 500.
in fair demand and higher: patents $3.50
6; bakers, in sacks, S3.900415. Wheat
No. 2 spring. S1Q1.02; No. spring. S4l2@
SSc; No. 2 red. $l@102. Corn-No. ,42ssc.
Oats-No 2, 23a4c. Rye-No. 2, soc. Bar
ley-Nominal. Flax Seed-No. l, S1.3O.
Timothy Seed-Prime, Sl.5O. Pork-Mess
per Dbl, -S14.6212@14.65. Lard-Per 100
lbs, S1O5O910.52l1. Short Ribs = Sides
loose), IS. 67l2QS.7O. Shoulders-Dry sailed
tboxed), S7.62l2@7.75. Whisky-Dfstillers
finished goods, per gal. S1.20 Sugar-Cut
loaf, Sl2@S9sc; granulated, 77s@Sc; stand
ard A, 75sc. Receipts-Flour. "a 600 bbls;
wheat $4,000 bu; corn, 424 900 bu; oats,
263, 900 bu; rye, $4,000 bu; barley, $4,000
bu. Shipments-FlOur, $4,000 bu; wheat,
10000 bu; corn, 33S, 900 bu; oats, 232.-
900 bu; rye. $4,000 bu; barley, $4,000 bu.
On the produce exchange to-day the but
ter market was quiet and unchanged. Eggs
steady and unchanged.