St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-13
The COMMERCIAL RECORD.
ScaIpers Control the Wheat Market, and
the May Option Takes an Up
ward Turn.
Corn and Oats Show Fractional Ad-
vanees, and Hog Products Also
Squirt Little.
Financial Operations in the Monetary
Centers---The General Quo
iations.
Special to The Globe.

Specldi 10 tIe 6lOES
CHICAGO Dec. 12.-As for several days
past wheat for May was sale at 81 1Ols or
better, and purchase at Sl.O9la or under.
This was for scalp. Sealping was about all
that was done for the session. and the above
figures were about the outside of the range
The outside influences. so far as they went,
were tIife bullish. There was decrease
on ocean passage There were lighter re-
teipts ard of poor quality i'll the Northwest,
with Minneapolis put down tor I9o,o''o pu.
Philadelphia cleared 10000 bu. The Brad
streets figures on flour, which helped the
bears yesterday, were corrected to-day. Re-
eeipts here were % cars, with only car OF
No. in the lot, and that on special track.
There was some good buying and good sell
ing by spurts and May went up and down,
mostly within l cent range, with 81. 1923 for
the top and Sl.095S for the bottom up 10
p. M. December was nominal at SL.o4
January sold at S1.05 Is to open, then at
$I.05. and again at S1.05iA. May soio at
$IO9s4MI .I05s to S1.09SS01.10l2. Cables
were not very encouraging, The ohlclal re-
port of the commissioner OF agriculture
gives The English wheat crop at 2,ocO,o"o
bushels The close of the session found
wheat pretty firm, and May. after selling up
to ST. 10i4, closed at S1.105s, or llsc over
prices for corn i'll the pit to-day, which
caused the market to appear strong. The
sentiment in which was helped by the firmer
feeling in wheat At the opening there was
disposition on the part of the shorts to
buy both January and May at 34l2 and 37l2c,
respectively The scalpers took advantage
of what looked like demand and bid for
the corn. The estimate for Thursday was
but 294 cars. and only fourteen cars of No. 2
came III with the 344 cars this morning.
These things helped the buying Oats
were quiet but Steadier for May ana prices
advanced lie. Sales ranged at 29l4@29ssc.
Outside orders TO buy or sell were light and
operations were confined to scalpers. The
near futures were weaker and shade easier.
Samples duh and l4@34c lower, OWING to
large offerings. Receipts, 100 cars. There
Sas less activity in provisions to-day. The
estimate of only about 20,0 hogs at the
yard, caused prices there 70 open 5@10c
higher and provisions started with short
ribs and mess pork TIC over the close, and
lard sc higher Sales for January before the
call were 81 .05 for ribs, $500 for lard and
$I3.50@13.52 for pork. There was little
weakness shown on the call, which put ribs
ST, lart at SIS and pork at $3.50. Later
mess pork sold at S13.57I2 and declined to
lard and ribs sc higher for the day, and pork
Zoe over last night.
The leading futures ranged as follows:
Wheat-No. . December opened at ST. Oh;
closing, Sl.0f$ January. SI.O51s, closing at
$1.O57S; May. $1.09ss, closing at 81 1O5s
Corn-No. 2 December opened at 34Hc
closing at 3413c; January 34l2c, closing at
:347sc; May, 37l2c, closing at 375se. Oats
No. . December opened at 2614c, closing
at 26SSc: January, 26i2c, closing at 26Ssc;
May, 29isc, closing at 29Ac. Mess Pork-Per
January, 1880, closing at $13.52Ia May
$l3.97I closing at S13.9212. Lard-Per 100
lbs December closed at $50; January.
$s.O3, closing at SIS; May, So. 10, closing at
$S.07ta. Short Ribs-Per 100 lbs, January
opened at sos, closing at $7.O2l2;
May opened at $7.15, closing at S7I5 !;
Cash quotations were as follows: Flour firm
@1.O4Ss; No. 3 spring, 95@9sc; No. red,
$1.04@1 .04ss. Corn-No 2, 34l2c bid. Oats
No. 2, 26l4c. Rye-No. 3. sic. Barley-No.
2, nominal. Flax Seed-No. l, $I.53. Tim
othy Seed-Prme, S1.51l1.52 Mess pork,
per Dbl, S16.30@13.62la. Lard, per 100 lbs,
$S.07lp6HS. 10: short ribs sides, loose, $40
7.05; dry sailed shoulders (boxed), $40
7.5O. Whisky-Distillers' finished goods, per
gal, S1.2o. Sugar-Cut loaf, s@94sc; gran
ulated, Ti2c: standard A, 714c Receipts
Flour. H. 900 bbls; wheat, $4,000 bu: corn,
343,0 900 bu: oats, 216.000 bu; rye, $4,000
bu; barley. $4,000 bu. hipments-Flour,
1900 bhls; wheat, IS 900 bu; corn, 284, 900
bu; oats, ,121, 600 bu; rye, 5000 bu; barley,
al 900 bu. On the produce exchange to-day
the butter market was easy; fancy Elgin
creamery, 3G@32c; choice, Western, 25@27c;
dairy, 24@25c; good 10 choice, 22@23c
Eggs duh at gle.