St. Paul daily globe., 1888-11-05
THE COMMERCIAL RECORD.
Heavy Selling by Old Hutch and Others
Causes Big Slump in HAY
Wheat.
A Better Feeling in Corn---0ats Quiet
and Steady, Provisions Being
Very Duh.
Financial Operations in the Monetary
Centers---The General Quota
tionS.
Special 10 the Globe.

EptCldl " tllt
CHICAGO, Nov. 3-Reeeipts of grain at this
point. while not heavy were larger than the
estimate, and opening prices were either
steady or at trile lower figure. 1t was soon
apparent in the wheat pit that there
would probably be no such day as
Friday for the volume of trading. The
range for the morning was about 1Ac
for May with a tendency to go lower. The
opening was at Sl.17ls, the top at 81. 17SS.
and the bottom $1.16ls, with SLICE about
the pivotal point December sold at 81. ID "a
and 81. 1864. Wheat could not hold through
the session. as it appeared probable early.
Hutchinson and the crowd both turned
against it before noon, and prices went
off PC from the prIce at II q. M, and 34
cents from the top figure of the morning.
when May touched $l.11ls at p m. De-
cember dropped down to $l.13. Early in the
day Hutchinson's brokers were sellers, but
their sales were in small lots and the crowd
suspected that the old gentleman wanted to
do some heavy buying below SLY. When,
however, it was estimated he had put
out something like 100000 bushels, the
other fellows turned sellers also. The result
was break seconn to that of Thursday, and
the price of May was Sc below the top price
Of Wednesday. Receipts here were 120 cars,
with 103 cars for Monday. Outside markets
were but little changed from last night. Pri-
mary receipts were 425, 900 bu. The price
of May wheat touched Sill few minutes
before the close. The excitement on the
floor over preparations for the political
parade was so general ard the pit was desert
ed and the price left at 81. IA. better feel
ing was apparent III the corn crowd. Prices
are now down to something like business
basis, and shipments, both domestic
and foreign. are fairly good. The specula-
tive trade was rather light. There was
however, fairly good tuying Of January and
May corn. Provisions were very dull, but
the market held up well. Oats were quiet
and steady. Receipts were 237 cars. Re
ceipts of corn were 42S cars There will be
no session of the board ON election day.
TIE ROUTINE REPORT.
CHICAGO. Nov. St was a dull, heavy
market for wheat all day, Influenced by
steady selling offerings coming on the mar
Ret freely, and not much demand. The
feeling was somewhat unsettled and gener-
ally weak. The speculative offerings were
side feeling little more confident, though
at the same time, are disposed to
act cautiously for fear. of manip-
ulation. The news from the Northwest
was little more bearish. The opening was
for May, then became weak, passing the
$l.l5 mark for May easily, declining to a
point just Slsc below the top point reached
Wednesday, and closed nj inside figures.
There was q steady stream Of selling orders
Oh the market, credited largely to
local trader, though he had some following.
Corn was only moderately active. trading
being mainly local, and most of the business
transacted early in the session. The feeling,
on the whole, wac rather firmer than on yes
on the part of local traders 10
short the market. Opening sales were
at yesterdays closing prices, and quite firm,
for time. then eased off some, ruled steady
and closed 1s@14c higher than yesterday.
Oats were steady. There, was slight i'm
provement in the demand for November de-
livery, with the market also shade
stronger. Other features up to
May remain ,os exceedingly nf quiet MN IN
there was fair trade with a steady feeling
prevailing and transactions were all about
yesterdays quotations. Mess Pork-Trauing
was limited. Offerings rather light. with
some inquiry from the short interest.
and prices were advanced l5@17l2c,
but settled again to 1C@12l2c later
in the day. and closed quiet. Trading was
chiefly in January and May deliveries. Lard
and the changes in prices were slight. Short
ribs attracted very little attention, and trad
ing was limited Prices ruled 2l2@5c higher,
and the market closed steady.
THE GENERAL QUOTATIONS.
Wheat-No. = 2November opened at 81. 14S8,
closing at S1.l178; December, $1.16, clos
ing at $l.13ls; January. $1.1354, closing at
$1.1114; May, S1.17ls. closing at $1.14.
Corn-No. November, 3S3sc, closing at
3S5sc; December, 3s3sc, closing at 3Sssc;
January, 37SSc, closing at 81 5sc; May, 3S34c,
closing at 39c. Oats-No. 2, November. 24sec,
closing at 24I2c; December, 249sc. closing at
2ac; May, 2s7Sc, closing at 297sc: Mess
Pork, per bbl-November opened $14.50.
closing at Sl4.55; year opened at $l4.55
closing at $14.55; January, $14.7O, closing at
$14.sO; May. $15., closing at $15. OLE,
Lard. per 100 ibs-Novem6er closed at a
closing at SS. 10; January. S. .12l5, clos
ing at 9.l2l2 Short Ribs per 100
lbs-November closed at $3.50; Janu-
airy opened at $7.45, closing at $7.45.
Cash quotations were as follows; Flour,
quiet and steady. Wheat-No: 2 spring,
. red. S1.1l@1.115s. Corn-No. 2, 394sc.
Oats-No 2, 245Sc. Rye-No.2 2, 55c. Bar
ley-No. .. 75c. Flax seed-No. ], S1.47.
Timothy Seed-Prne. Slab. Mess pork,
@8.17l2;. short ribs SIDES Qoose): $145
6e7.5O; dry salted shoulders tboxed), $50
8.25; short clear sides {boxed), So. 12l2@
9.25. Whisky-Disiillers' finished goods,
per gal, 81 20. Sugars-Cut loaf. SA@Sl2c;
granulated, 7i3c; standard A. 7l4c. Receipts
$4,000 pu; oats, 10000 bu: rye, 1900
bu; barley, $1,000 bu. Shipments-Flour,
5000 bbis; wheat, $4,000 bu; corn, 4S3,
900 bu: oats, 10000 bu; rye, 5000 bu;
barley, g., 600. On the produce exchange
to-day the butter market was steady; Elgin
creamery, -26027c;. choice Western, 2S@
25l2c: choice darics, 19@22c; common to
fair l40l7 Eggs steady at 1911 119lac