St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-14
THE COMMERCIAL RECORD.
Increase in the Visible Supply Lets
Down the Price of Wheat More
Than Peg,
Corn and Oats and Eli Sorts of Hog
Products Take Sympathetic
Tumble.
Financial Operations in the Money
Centers---The General Quota
tons.

CHICAGO. Aug. Ii utch, WHO was such
heavy buyer Saturday came down this
morning loaded for bull. lie attacked tie
crowd on the curb and filed the boys up
with wheat till they cold not hold another
bushel, and they didn't know he was loaded.
The crowd bought eagerly. for the foreign
cables indicated wet and stormy weather in
The United Kingdom and France, with si:Gtt
wheat in the Liverpool market ii2d higher,
end the price of lie American article on the
tulge. There was private cable news, how
ever, which was not bullish. The market
opened at S3lsc, however. and fell
back to S3c FOR a steady thing. For
about half an hour the market did not
bulge from S3c, but the crowd was frightened
and the heavy selling orders which came IN,
together with a nervous local sentiment
helped to pound the market off several
points 1t fell therefore at IL 80 to S2l2c
and at II it was still excited at S2Ac. Sec
rotary Stone had surprise for the bulls III
the visible supply report. When his figures
were posted the visible supply of wheat was
placed at 1927, 600 bushels, nearly 100000
greater than anybody had dared TO anticipate.
Provisions were rather quiet considering the
excitement in grain; the opening prices were
all higher, but all sold off, pork, however,
going back TO within Toe Of Saturday. Lard
closed 2l2c higher and ribs the same as
Saturday The charters were 102 600 bush
els of wheat and 175, 600 corn and the rates
firm at 234c for corn and Sc for wheat.
THE ROUTINE REPORT.
CHICAGO. Aug. 13-Wheat opened with
show of strength, out prices could not stand;
there were too many things against the mar
Iet. The early prices We're made very largely
Oh the strength of cables reiteratlng the bad
weather reports on The other side. 1t was on
this side the trouble was found. The export
buying did not keep up with the bearlsh
foreign advices. But greater than anything
visible supply, which was put down at
2227, 900 bushels. This was partly dis
counted early when September went
from S3lsc down 10 s2Ssc, but the
visible figures posted later, and the pros
pect of $50 ears here tomorrow caused
further decline to Sl7sc shortly before the
close, a break of IL &c from the opening price.
nhe corn market was heavy one. The de-
cline was the result of pretty fair selling,
helped along by liberal receipts and the gen
eral weakness prevailing in, other cereals.
September opened at Saturdays price, 1850,
went down to 43l4c for the bottom and raj
lied a trifie before the close on buying to
cover. In oats weaker speculative market
vas witnessed. For all deliveries prices
show depreciation which is most severe for
near futures. Provisions were only moder-
ately active in the speculative branch Of
the trade and the volume of business IN
der the recent average The feeling was
.,ather nervous, with the tendency downward
after show of ntrength early on smaller re-
ceipts of hogs at the stock yards. Later, in
sympathy with the break in wheat and corn,
and under free selling of futures by local
house. there was a down turn OF 3214 @D37l2c
in mess pork, 2l205c in lard and 12l2c in
ribs. Just at the close the market recovered
part of the ground lost. the latest bids for
pork being only Zoe under Saturdays clos
ing. and for ribs 2l2c off. September was the
leading future.
TIRE QUOTATIONS.
The leading quotations ranged as follows:
Wheat-No August opened at S27sc, clos
ing at 92c: September, S3lsc, closing at S2c;
October, $3.50, closing at S2S4c; May. S9Ssc;
closing at SS7sc. Corn-No. 2 August opened
at 1859, closing at 1850: September, 437sc,
closing at 4312c; october, 1880, closing at
43lsc; May. 3SS4c, closing at 3578c. Oats
No. 2 August opened at 247ac, closing at
2fl1c; September, 24c, closing at 237Sc;
October 24Isc. closing at "a. Mess pork per
obl-Septs mber opened at S136212, closing
at S13.40; October, $3.50, closing at S13.40;
january Sl2.65. closing al So. IS. Lard per
100 lbs-September opened at $50. closing
e, Ss:67l2; October, So 60, closing at S.. 62l2.
opened at ss.15, closing at ss.o5;
october, SS.15, closing at $500.
Cash quotations were as follows: Flour
Firm and unchanged. Wheat-No. 2spring,
SLICE. Corn-No. 2, 43l2c. Oats--No. 2,
24l2c. Rye-No. 3, 47l2@4Sc. Barley-No.
2. nominal. Seeds-Flax, No. 1, 81. IA: tim
othy, prime, S1.75@2. Pork-Mess, per Dbl,
SIS. 30@13.4O. Lard-Per 100 lbs $50
ElS.70. Ribs-Sbort, SIDES Qoose). SIS. O5@
$40. Shoulders-Dry sailed. (boxed). 81. 40
@7.50; short clear sides, (boxed), SIS. 70@
$50. Whisky-Distillers' finished goods, per
gal, -S1.20. Sugar-Cuu loaf, S5sc: granu-
lated, 734@Sc; standard A. 7@7Ac. Re-
ceipts-Flour, 1000 bbls; wheat, $4,000
bu; corn, 225,000 bu; oats, 10000 bu;
rye, $4,000 bu: barley, 1000 blu. Shipments
Flour, IL coo bbls; wheat, 10000 bu;
corn, 100000 bu; oats, 10000 bu; rye,
exchange to-day the butter market was
steady; fancy creamery, 1S12@19c; fair to
good, 14@ 15c; fancy dairy. 14@l5lac; good
12013c. Eggs-Fresh northern, 13014c.