St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-01
THE COMMERCIAL RECORD.
Heavy Buying by kpprehensiVe Shorts
Sends Up the Price Of
Wheat.
Corn Firm, Oats Exceedingly Dull and
Hog Products Generally
Higher.
financial Operations in Wall Street
THE General Quo
tations.

CHICAGO, Sept. 29.-Excitement in wheat
vas at fever heat during the entire session,
and a more nervous and anxious feeling was
seldom witnessed ON the part of operators.
In the main it was pretty much repetition
OF what happened the past few days. Trad
ing was active and the apparent determine
ton to carry the squeeze in September
through to the bitter end m ade operators ap-
prehensive of what might occur in the more
deferred deliveries, and there was general
desire TO cover and close up the contracts for
the months of October and December. Shorts
bought very freely and there was not very
much wheat for sale as compared with the
Enquiry. Orders came pouring in from all
points to cover outstanding trades. The
advance in consequence was very sharp.
The opening was about s401o above the
closing figures of yesterday, but decline of
Use followed for October, Use for Deem
Ger, and 1Ac fer HAY. There the decline
was checked, and a steady advance set in,
prices advancing 57Sc for October, 6Ac for
December and 214c for May; dropped 1Ac
and the closing was 4s4c higher for October
SC for December and use higher for May
than closing figures of yesterday. Septem-
Der was irregular and, in fact it was difficult
to tell what the market was at times, though
prices were advanced Toe above yesterdays
outside figure, SLIGO; this price was bid and
81 later. Outside influence had no in
fuence on the market Corn was active
and the feeling generally firm most
of the session. Opening sales were shade
higher than the closing prices of yesterday,
market then ruling steady, became frmer
and gradually advanced Ssc, reacted I4c, ana
closed with October ss@l2c, November s4c
and May 14GsSc higher than yesterday. The
Influences on the market were entirely local,
large local operator buying quite freely of
November brought this future within lsc of
October. Oats were dull. There was l5@Ac
decline for all deliveries up to May, but that
future did not change materially. Mess pork
WAS active, stronger ana higher. october was
bought freely by shorts. A better business also
transpired in the more deferred futures,
especially in January, which was sold freely
by prominent operator who is largely in
lerested IN wheat. Opened 2l205c higher,
advanced 25@35c, receded slightly, but
closed steady. Lard was in good demand for
october and market stronger. and prices
higher. Opened unsettled, advanced 25@
SOC, receded 10915c and closed steady.
Short rib sides met an urgent inquiry from
shorts and prices for October advanced soc.
Offerings increased on the advance and
values receded lOG15c and the market closed
quiet.
THE QUOTATIONS.
Wheat-No. September opened at SLIGO,
October, 99s4c, closing at Si.02l2; Deem
Der, SSSSc, CLOSING at S1.O0I2t May, G1.U142,
closing at 81 .03A. Corn-No. 2 September
opened at 41ssc, closing at 4i7sc; october,
Also, closing at Also: December, 3Sl5c,
closing at $3.50; May, 3S$sc, closing at
$3.50. 0ats-No. 2 September opened at
23Ac, closing at 23ISc; october, 23ssc,
closing at 23Ae; November, 24lsc. closing
al 24c; May, 28lsc, closing at 2SsSc. Mess
Pork, per bbl-October opened at $500,
closing at $500; November, Sl4 %, closing
at S1450; January, Sl3.S2l2, closing at
$14.02l2 Lard, per 100 lbs-September
opened at So 80, closing at $1,000; October,
$40 go, closing al $40. 80; November, $40,
closing at 1865 January, Ss.l7I2, closing
at SS.27l2. Short Ribs, per 100 lbs-October
opened at $50, closing at $500;
January, S7.07I2, closing at S712I2.
Cash quotations were as follows: Flour
in fair local demand and firm: some holders
are asking 5010c advance. Wheat-No. 2
spring, S1.50Q2: No. 8 spring, $4,000;
No. 2 red, $l.5OQ2 Corn-No. 2, 4Isc.
Oats-No. 2, 23Ac. Rye-No. 2, 53c. Bar
ley-No. 2, nominal. Flax Seed-No. 1,
Sl.34. Timothy Seed-Prime, 81. 5501 SO.
Pork-Mess, per Dbl. SIS. 3OQ15. 32I2. Lard
Per 100 lbs, $40. 90110.92la. Short Ribs
Sides Qoose), SS.9O@S. 92I2. Whisky-Dis-
tillers' finished goods, peg gal, S1.20. Re-
ceipts - Flour, 1900 bbls; wheat, So, 600
bu; corn, 224, 900 bu; oats, $4,000 bu;
rye, $4,000 bu; barley, $4,000 blu. Ship
ments-Flour, $1,000 bu; wheat y, 900
bu; corn, 722, 900 bu; oats, 10000 blu;
rye. 1000 bu; barley, $4,000 bu. On the
produce exchange to-day the butter market
was unchanged. Eggs-Fresh Northern, Is
G19c.