St. Paul daily globe., 1888-08-28
THE COMMERCIAL RECORD.
Esavy Trading in the Face Of Contlict-
ing Cables Braces Up Wheat
a Bit.
A Weaker Feeling in Corn and Oats,
Hog Products Closing HIGHER
and Strong.
Financial Operations in the Money
Centers---The General Quo
tationS.
Snecial to the Globe.


CHICAGO Aug 27.-Wheat opened $50
lie lower on lower cables, and the greatest
action for the session was during the first
hour. when it fiuctuated within a 1l2c range.
September opened at soc, went down to
SS7sc. then up to 9cssc. and back TO S9&4c,
and then up Isc on the visible supply figures
and back again 10 soc. Before the close
prices recovered to 90ssc, September. The
news from the Northwest was conflicting,
but the bulls on the foreign situation were
determined, which accounts for the strength.
The visible supply statement shows a
decrease OF 10000 bu of corn, an increase
of 90.eo0bu OF wheatand IA, oOo bu of oats.
Receipts of wheat were 169 cars. Corn
opened ssc lower and sold within l2c range,
closing ss9s4e lower than Saturday. The
weakness was due to an increase OF local
stocks and free offerings; receipts. AGA
cars, and 10, 200 bu 10y canal. Oats were
easier, in sympathywith corn: receipts, 246
cars. Pork was strong, advancing Soc over
the opening and closing at the top. Hogs at
the yard came in very poor in quality and
small in numbers, and shorts ran the price of
pork up IN their efforts 10 cover. Lard and
ribs were also strong. but much less active.
THE ROUTINE REPORT.
CHICAGO. Aug. 27.-The greatest action in
wheat for thesession was during the first
hour when it sold with l2c range. The news
on the opening was bearish TO the extent that
it was not especially bulliSh. There appears
from the early cables to be a let up in the de-
mand abroad and an easier feeling in British
markets. The news of the Northwest was of
every description. The bull news was con-
fined TO particular localities, while private
advices caused the general belief that the
damage from frost was not serious enough to
warrant any great bulge i'll wheat over 90c
There are many who are bulls for long run
on the foreign situation who did not feel that
they could accomplish much more on
that side until there was a further re-
action, and until the bearish feeling was
over. There was a lower opening and fur
ther break in prices early. When another
cent decline was brought about. the crowd
became very cautious about selling Septem-
ber short, and the bulls easily braced it up
again. September sold at soc, down frac-
tion to SS7Sc, up TO 90ssc. back to S9s4, and
thenup I2c on the visible supply figures and
again back to 90c. Wheat closed fairly firm
at the best figures of the day, with Septem-
ber at 90SSc, or sac higher than at the close
OIL Saturday. Corn was only moderately
active, and the feeling developed was weaker
The market opened l2c lower than the clos
ing price of Saturday, fuctuated within I2M
6sc range and closed 14(GS4c lower than Satur-
day. The market was governed by local in
huences. There was moderate trade in oats
at slightly lower prices. influenced by he
weakness in corn and large estimated re-
celpts for tomorrow. Prices for future de-
livery declined A@34c and closed steadier.
Pork was strong, advancing 33c over the
opening and 30c over Saturdays close, and
resting at l o'clock at the top, S14. So for
October delivery. Hogs at the yards came in
very poor in quality, and shorts ran the
market up in their efforts to cover. Lard
and ribs were strong, in sympathy with pork,
but much less active. October lard closed
at S9.321a. where it opened, and short ribs at
SS.4742, 7l2c advance.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2 August opened at 9Oc, closing
at soc; September, soc, closing at 9Oskc;
October, soc, closing at 90Ysc; May. 94Iac
closing at 955sc. Corn-No. 2 August opened
at 44Ac, closing at 44lsc: September, 44Ac,
closing at 44lsc: October 4414c, closing at
44c; May, 40c, closing at 3918e. Oats-No.
August 245sc, closing at 25c: September,
24Ac, closing at 24Isc; October, 24l2c clos
ing at 24ssc; May, 2sa4c closing at 2sssc.
Porka@-Mess, per bbl., August, closed at
ing at S1427l2; October. S14, closing at
Sl435; January, $13 20, closing at Sl3.35 :;
Lard, Per 100 Lbs-August, closed at 50 ;35
September opened at S935, closing at SO. 50 :;
airy, $50, closing at S7.77I2. Short
Ribs, Per 100 Lbs-August opened at SS.4O
closing at $40: September, So. 37I2, closing
at SS.45; October, $40 closing at S.47l2 !;
Cash quotations were as follows: Flour firm
and unchanged. Wheat-No. 2 spring, S334
@9Oc; No. 8. s3@S5c; No. red, Ole. Corn
No. 2, 44c. Oats-No. ?, 2478@125c. Rye
No. 2, SOC. Barley-No. 2, nominal. Seed
No: 1 flax S1.2l; prime timothy, S1.75.
per 100 lbs, S9.35. Short ribs sides Qoose),
SS.42l2@S. .45; dry sailed shoulders (boxed),
S7.40@7.50: short clear sides (boxed),
SS.S0@9. Whisky Distillers' finished goods,
per gal, S1.20. Sugars-Cut loaf, Sls@DSl2c !;
granuluted, 75s@7s4c; standard "a" 7Hc
Receipts-Flour. 9739 bbls; wheat, 81, 7,972
bu; corn, 247,733 bu: oats, 266937 bu;
rye. 17,722 bu; barley, 1862 bu. Shipments
Flour 5000 bbls; wheat 2SS, O4S bu;
corn. 1S0.644 bu: oats, 1854 bu; rye
S.4O2 hu: harley . $50 hn