St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-24
The COMMERCIAL RECORD.
Early Active Trading Sends Up the
Price of December Wheat
Fraction.
Under the Influence of Liberal Receipts
Corn and Oats Rule
Weaker.
Financial Operations in the Monetary
Centers---The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, Sept 22.-Wheat was strong with
q sensational advance early and a heavier
tendency toward the close on realizing sales.
Gables came more encouraging for the bulls
There was widespread feeling that Hutchln-
Son and others were bound to put the prices
much higher. Primary receipts were not
large except at Minneapolis, where they
reached 227, 900 bu. The early advance was
lost later in The session. October, after touch
ing 94c dropped back to 934c. December
touched 944c and back to 93l2c, sSc over
the close, and May fell back from 97I5c to
964c, or last nights price. Receipts were
49, cars. Corn displayed no strength
throughout the session, and all the options
registered decllue, that for September be-
ing 7sc. October 84c, December 1zc and May
Ikc. Receipts, 735 cars. What little bust
ness there was in oats showed that the weak
ness was general, and the result of the days
trading was a fractional decline. october 60
ing off lac. and October and May 1sc each.
Provisions were dull most of the time. and
fluctuations, as q rule, were narrow. Lard
was dull and about steady. Ribs closed Toe
lower.
THE ROUTINE REPORT.
CHICAGO. Sept. 22.-There was fairly active
trading in wheat to-day, and the feeling was
unsettled. Inc opening Was olIOLS' WIN
sales at 14dSsc above yesterdays closing
figures. and advanced s4c more, with only
slight fluctuations influenced by reports that
the crop of Dakota and Minnesota would be
33Is less than last year, and 10 per cent ad-
ditiOnal short for loss IN quality. After
fairly active trading at the advance, the
market ruled easier. followed by decline of
7sc. This reaction was attributed
to rumors circulated that the esti-
mated receipts tor Monday al Mime
apolis was placed at from 500 TO 900 cars,
though later advices from there stated that
probably 700 cars might be received, but that
il was all guess work and nothing positive
could be ascertained. At the closing hour of
the session, the market ruled easy and the
closing was about Ssc higher for December
ana unchanged for May. A feature of the
market was the selling of May within 25sc of
speculative trading in corn and the feeling
developed much weaker. The influences on
the market were the same as heretofore,
namely the large receipts, with no apparent
prospect of falling off. Transactions
almost centeIed in October, which
was weak, offerings being large from
all Quarters while little or no demand exist
ed. The market opened quite excited, with
sales at the same to lac below the closing
prices of yesterday, and quickly sold of leo
tsc, reacted but again ruled weak declining
1Isc, reacted some and closed with Septem-
Der and October llSc lower than yesterday,
and May 1s@14c lower. 1t was said that con-
siderable corn was delivered this morning,
and that this came on the market creating
weakness. The demand for cash was
s me at urgent tre dise sS6ng an n5 f Ghs
also had the effect of increasing other
futures Under the influence of rather
liberal receipts and the weakness in corn,
oats were weak, closing 14c lower than yes
terday Provisions were dull most OF the
time, and fluctuations as a rule were narrow.
October pork sold at Sl44001450; January
at Sl3.72la@13.S5, closing 7l2c lower than
Yesterday. Lard was dull ana about steady,
save for November, which was bid up about
zoe by manipulation. Ribs closed Toe
lower for October, and 2I2c lower for Jan
uary.
THE QUOTATIONS.
The leading quotations ranged as follows
Wheat-NO. 2 September opened at CSC,
closing at 94l2c; October, 93l2c, closing at
9314c; December, 93I2c, closing at 93l2c;
May, 95l2c. closing at 964c. COrn-No.
September opened at 4lS4c, closing at 41c;
October, 427Sc. closing at 4lssc: December,
37I2c. closing at 81 14c; May, 3SSSc, closing
at 3S4e. Oats-No. 2 October opened at
24c, closing at 23l2c; November, 24c, clos
ing at 24Izc; May, 2Slsc. closing at 2Sc.
Mess Pork, per bbl-October opened at
S13.s5, closing at Sl3.75. Lard, per 100 los
October opened at $1,000, closing at
$1,000; November, $500, closing at 50 20;
January Ss.12l2, closing at S.; 10
opened at $3.50, closing at SS.55. Oc-
tober opened at $3.50, closing at SS.5219;
January, S7.02I2, closing at 81
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. spring,
94@94l2c; No. spring, S212@ S412c; No.
2 red, 94@9412c. Corn-No. 2, 407Sc.
Oats-No. ., 23s4c. Rye-No. 2, soc. Bar
ley-No. 2,75c bid. Flax Seed-No.l l, S1.31I2
@1.32. Timothy Seed-Prime, $l.5s@l go;
Pork-Mess, per Dbl. SI4.47l2@14.5O. Lard
Per 100 lbs, $1,000. Short Ribs-Sides
Ooose), SS.55@8.57l2: Whisky-Distillers'
finished goods per gal; 81; 20: Sugar-Cut
ard a., 76sc. Receipts-Flour, 17,OOO
bbls; wheat 100000 bu; corn, $4,000
bu; oats, $4,000 bu; rye, $4,000 bu; bar
lev $4,000 bu. Shipments-FlOur, 5000
bG; wheat $4,000 bu; corn, 378, 900
bu; oats, III, O00 bu; rye. 10000 bu; bar
ley, $4,000 bu. On the produce exchange
to-day the butter market was steady; Elgin
creamery. 23026c. Eggs firm; choice north
pTD l2l5c