St. Paul daily globe., 1888-07-19
The COMMERCIAL RECORD.
Solely On the Merits Of the Market
Wheat Goes Up
Peg.
a Steady Upward Movement In Corn,
Oats and Hay Products Of
ALI Kinds.
Financial Operations in the Money
Centers---The General
Quotations.
Special to the Globe.

CHICAGO, July y1S.-hutcn10SOuS Stlll
ued strong seller of wheat to-day, whether
long or short nobody, save the monarch OF
the Century club, knows. The crowd, spurred
on by the foreign cables and the big decrease
in grain OH passage, made very strong ef-
fort to bull the market over SOC, and would
have succeeded had not Hutchinson's brok-
ers peddled it out on every hand in way
that neutralized every bull movement
Schwartz and Dupee and Clifford bought
100000 bu August at the opening figures.
Geddes bought considerable August at soc,
and 100, 900 bu December. The offerings at
soc were so general that the scalpers offered
1t at 1880. and pushed the market several
points for time. Hutchinson tried to buy.
but found the offerings very light
Hutchinson was the best buyer of
corn to-day. His principal invest
ments were in August and September.
Cudahy and Boyd Bros. both sold August and
September quite literally. Capt. Phillips
again bought heavily of September through
Henry Parker. These futures closed l2c
higher than yesterdays figures. There was
more than the ordinary activity in the pro-
vision market to-day, with less inclination to
sell short and a considerable desire to fill
short trades. The light receipts of hogs did
as much as anything else to strengthen the
7l2c higher and ribs 10c higher. Baldwin
bought 5000 barrels August pork this morn
ing and sold some September. Kirkwood
bought literally of September. A million
eibs were taken by Stewart, and half that
number by Botsford. A provision man said:
''The manufacture of summer pork has abont
been stopped at present. because the high
price of market pork has made it more profit
able to put the hogs into other classes of pro-
duct"
THE ROUTINE REPORT.
CHICAGO, July Is. Wheat was more nearly
on its merits this morning than for many
days. The pit of long wheat which has
threatened and did break the market. was all
dumped, and more, too" as II broker put 1t.
AT the start to-day the market was strong.
August opened at soc. The cables, the de-
poor condition of new wheat at st. Louis,
were against the bull side. The clearances
at three Atlantic ports were but about $4,000
bu, while the receipts at primary means were
about $500 bu. Up to the last half hour
of the session the advance was but little be-
yond lsc for any futures, about the fraction
lost yesterday. August sold at soc down to
1850, up to S0lsc, and hung close around
sOc. and December s26s2l2c. Wheat closed,
July Slstc. August 797sc, and December
S2Ac. There was q steady upward move
ment in corn to-day, and closing prices were
4c higher for early futures and 1ac higher
for deferred futures. An influence in the
pit WAS the demand for cash corn, July
closed at 47Lc; August sold at 46SSc, up to
46s4c, back to 46l2c and up to 47ssc, and
closed at 411sc; September sold at 1880
47Ac, closing at 47c. Receipts were 2O4
cars with 9s cars of No. 2 grade. The esti-
mate for Thursday was 1913 cars. Out in
spectlon for twenty-four hours, 10000 bu.
There was demand for room by lake and
shippers took place for 337, 900 bu on the
basis of &c to Buffalo. III oats an improve
ment in the cash or sample trade occurred.
advanced prices being realized on account of
marked decrease in the quality of oats on
Eale. Options were quiet and without special
feature. fluctuations being unimportant and
prices ranged lsc easier, the only exception
being near delivery, which declined 4c. Pro-
visions more than recovered yesterday S lost
ground. The sentiment of the trade was un-
questionably bullish. The light marketing
of hogs, combined with continued
good cash demand for product, has worked
radical change in the feeling. Shorts have
become anxious to reduce their outstanding
lines, and more conservative course is fol
lowed by professional bears. TOday's mar
ket was also strengthened more or less by the
improvement witnessed in grain. In pork
the advance actually established was 17l2@
2Oc; in lard TIC and in short ribs IOc. The
lowest prices quoted prevailed at the open
ing, and the highest late in the day. The
trading was quite active, and of cash prop
erty sales again reached liberal aggregate
For September delivery the leading future
pork sold at SIS. .35@l362I2, lard at $S.3 37l2
@S.42l2, and short ribs at $7.S0@7. S712.
Pork for the same month closed at $3.50:
lard, SS.40; short ribs, S7.S2I2.
THE QUOTATIONS.
Wheat-No. 2 July opened at S1ssc, closed
At s16sc; August soc, closed at 797Bc; Sep
tember, soc, closed at 1850; october,
SOlac, closed at S0lsc. Corn-No. 2 July
46ssc, closed at lie; September, 46ssc,
closed at 467sc; october, 457sc, closed at
46ssc. Oats-No. . July opened at 3Os4c,
closed at Bic; August, 251sc, closed at 25l2c; /;
247sc, closed at 24!sc. Mess Pork, Per Bbl-
August opened at S13.40, closed at S13.45; ;
September, S13.35, closed at Si3.55; Octo-
Der, $3.50, closed at $3.50; January,
$l2. 2.e2I2, closed at S12, S2ls. Lard, Per 100
Ss.32la; September, Ss.35, closed at So. 40;
October. So: :}2I2, closed at SS.4O; January,
$3.50, closed at $3.50. Short Ribs, Per 100
Lbs--August opened at $40, closed at
s7ss oao5eF ssS sio,ea eOssd s Sc sa at
Cash quotations were as follows: Flour
Quiet and unchanged. Wheat-No. 2 spring.
s1@Sl5sc; No. 3, spring, nominal; No. 2
red, red, Sic c9GnoNo; :, 47Ae. Is oatsmNo; Oats 2,
2, 62@63c., Mess Pork-Per bbl. SI3.45@
1850. Lard-Per 100 lbs, So 25 Short Ribs
sides Qoosel, SD; dry salted shoulders,
boxed}, sS;65@6675;i short hort clear sides
ished goods, per gal, s1.20. Receipts-Flour,
1900 bbls: wheat, $4,000 bu; corn. 13O,-
600 bu; oats, 145, 900 bu; barley, 1000 bu.
Shipments-Flour, 10000 bbls; wheat, TO-
On the produce exchange to-day, the butter
market showed great scarcity of choice
grades; medium in good supply; creamery,
15l2@19c; dairy, 13@17c. Eggs firm; fresh,
recandled, 14@14l2c.
- an Str,Mn0n- c@N