St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-05
The COMMERCIAL RECORD
4 General Disposition to Let the Wheat
Market Alone for the
Present.
December Says a Frifle, Corn Gains,
Oats and Hog Products
Closing Easy.
Financial Operations in the Monetary
Centers---The General Quo
tations.
Special to the Globe.

Special to the Globe.
CHICAGO, ILL.,, Oct. with the exception
OF The first few minutes on change to-day
there was but little excitement manifest, and
the markets are rapidly assuming their nor
NAL condition. Although prices opened
higher, there was no scent bulge to follow.
Instead prices &c lined from the early high
point nearly cents the first hour. 1t was
not break. but calm in the pit and!a gradual
easing in values. The erratic conditions OF
yesterday caused many conservative houses
to refuse new business. and many regular
operators on their own account left the pit
until the craze subsidized. Another day like
Yesterday, whether prices Went down or up
81 zoe, would. il is said, have LETT failures.
December and May were the active options.
III former opening lie higher al S1.l4 and
selling down to Slip before 10 o'clock. May
opened a S1.l3. sold Immediately at Sl.l4
and within the first half hour touched
81. l24. The early prices were the highest
of The session. Between 10 and IL o'clock
December wheat held between S1l2IS@
i.IIh and May between Sl.l3h@l l2A-
Between IL O'Clock and noon December
sold ar 81 lIs+6l.Il and May Sl.l2s46
liz Atl2:02 December touched 81 lOi2,
but Immediately jumped to Sllll2
Until 1880 there was no change
OF importance. At that time December
which had been holding closely about Sill
took an upturn and sold 10 S1,12I2. within
ten minutes. May going 10 Sl-l2IA. From
this hour until O'Clock: December sold be
Sl.I2s46LII94. with May from Sl.13l2 TO
Sl12I2 At l p. m. December sold 81. Is
Al MAY Sl.l4. From that time until the
close prices eased off. The actual cOndi-
tiuus are just as bullish as when wheat sold
al 81 Is yesterday, bur the temper OF the
crowd here is different and selling and buy
ing to-day was lighter and al more reasonable
figures Early cables were of quoting ma
tuTe. sim ply - unchanged for spot and fut-
sres Receipts were los cars. Corn
Spened strong and higher but eased off with
wheat closing I4c higher for November Re
Seipts were 400 cars. oats were fairly ac-
tive and closed ssc lower for near futures.
Receipts 2l6 cars. There was little change
in prices for pork futures and the close was
s shade better for futures. Lard was fairly
active. closing to 7I2c. lower for November
and January Ribs declined for the October
option. but held fairly steady for others.
THE ROUTINE REPORT.
CHICAGO. Oct 4.-Tradlng in wheat was
light to-day, and there was general dispo-
RitiOn toilet the market alone, at least for the
present. The market is too uncertain, and
after the occurrence OF last month and the
situation generally, operators deem IL pru-
dent To hold il off. Domestic markets were
all lower and the volume of speculative trad
ing generally lighter than for some days
past The opening was again unsettled with
dIiceS VARYING fully laGl in different parts
of the crowd. but not nearly so excited as
Yesterday. The first trading was from Len
l. above Yesterdays closing, but sold on
3l2c for December and PC for May. fuctua-
tel frequently within the established range
1ln>ing figures, except May. which closed
iUlly lc higher. Corn was quite acuve and I'M
settled in the first part Of the session, though
there were periods when The market ruled
comparatively quiet. The feeling developed
during the early part of the session was
weak. prices selling off % from the opening,
which was i2c better than the closing prices
OF Yesterday. The market then reacted Use,
ruled steady and closed with October s4c
November Ssc and December 3Sc higher than
Yesterday. November, as on yesterday, re-
Ceiyed the most attention, and trading in this
month at times was exciting. The weak feel
Ing early was attributed TO free selling of
heavy local operator and 10 the liberal offer
inss of several receiving houses, especially
of May, there being considerable for sale
around SOC. At decline the operator here
tUfOre mentioned, turned buyer and prices
quickly reacted Use. The other tone in
wheat had tendency to increase offerings.
Oats were easy. A decline III other
narkets were the principal cause for
ne change, and to some extent local
AeratOrs were realizing. Under these con-
ailiOns prices sought lower level, and No.
oats for all deliveries declined, ranging 81
a s4c lower May was the least affected,
prices for this future being even a shade bet
ter early. and closed without change. 4 good
business was transacted in pork, but ali I'M
settled feeling prevailed. January received
the most attention, ami tiuctuaIed freely
within a 20c range. Ii opened 1l2c lower,
advanced Toe. rcceded Toe, appreciated 20c
and closed steady. Trading in other futures
was light. and October developed decided
weakness and declined pc from yesterdays
close. The market was moderately active
for short ribs but unsettled, and prices
changes were confined 10 a fair range. Offer
ings were liberal and prices ranged lower
Lard received moderate attention, but trad
ing centered chiefly in November and Janu-
any. Offerings were not large and steady
feeling existed on the more deferred futures
but on October was weak and prices lower
THE GENERAL QUOTATIONS.
Wheat-No. = October opened at 81 IL
closing al Sl.09l2; November. 81. l2s4 clos
ing al Sill; December Sill, closing al
81 I2I4; May. 81 II. closing at 81 1871
CoFn-No. = October opened at 45c, closing
al Zoe; November, 45l2c, closing at 45Ssc;
December, 40l2C, closing at 40I2c; May,
59ssc closing at 39i4c Oats-No. , October
Oreued al 24l2c, closing al 2I4c; Novem
Der. 25c, closing at 247sc: December, 25sSc,
81 sing al 23ISc; May, 29c, closing at 2S7sc.
Mess GOfk. per Dbi-OclOpeF opened at
$3.50. closing at $500: November.
Sl5.57l2. closing at So. 50; January .SI4 67I2,
closing at l4.77I2. Lard per 100 lbs-October
opened at Sll.05, closing at SIO.S7I2,
November, $3.50, closing at S947I2; year.
SSD7l2, closing at SS.59I2; January, s.. 45,
closing at $40. Short Ribs, per 100 lbs
October opened at S9.45, closing at
S9.l2l2; January. 81 .37la closing al S7.45.
Cash quotations were as follows: Flour IN
good demand and higher, patents, S6.S5N
40; bakers. s.. 25@5.57 Wheat-No. >
spring, 81 094@l O9ls; No. ,, 9609Sc; No.
. red Sl.09S@l 69I4. Corn-No =. AN
a I5c. Oats-No. ., DE Rye-No =. 5SJ2c
Barley-No. 2, re. Flax Seed-No l
Sl.4O. Timothy Seed-Prime. SI550I. So
Pork-MesS, per Dbl. SlJ.5Oa 10 .52Is Lard
Per 100 Tbs. $1,000 Short Ribs-Sides
uoose). S7.45@S9.5O Shoulders-Dry salt
ed tboxed). IS 62I9@s.75 Sides-Short clear
(boxed), 50 25@9.50. WhiSky-DiStiliers'
finished goods, peIgal, 81 20. Sugars-Cut
loaf. SA9Sssc; granulated, Use; standard
A 7l2c. Receipts-Flour, 10, 600 bbls;
wheat. $4,000 bu: corn, 100000 bu, oais
$4,000 bu; rye, l2,000 bu, barley, IS, 90
bu- Shipments-FlOur 81 600 bbls; wheat
2I0u0 bu; corn. 49,. 600 bu; oats. 316,OUO
In; rye, ), 900 bu; barley 81 900 bu.. On
the produce exchange lO-day The. butter