St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-27
The COMMERCIAL RECORD.
PiIlsbury's Bu!;ish Utterance. Combined
With He1vy fradinl, Cause a
Bulge in Wheat.
Corn Steady, Eess Pork Saas, Other
Hog Proiucts Slumping in Syn-
pathy.
Financial Operations in The Monetary
Centers-Ehe General Ono
tati0ns.
Special to the Gl7Ac.

Special to the Gl1Ac.
CHICAGO. Oet. 26.-Wheat reached a higher
price for Max delivery to-day than for years
before One hour before the close of the
session May s;.ld at Sis. The transactions
in the pitwerc large and. while the action
was largely Influenced by Hutchinson>s per
sisIent and heavy buying, ii was market
which the whole trade, helped up. The activ--
ity was greatest on the bulges early, and
when the prIce had reached the top and the
crowd began 10 realize about p M. there
was some genuine excitement in the pit.
The primary influence of the day was
the action of the markets of the
Northwest. Wheat receipts were light.
The fact that priccs did not decline at
Duluth and Minneapolis when manipulation
ceased here was regarded a good bull point.
The buving and the bulli>h talk Of Pillsbury,
who knows what conditions are and what
wheat Is worth for consumption, has also
added strength. Receipts at Minneapolis
were a little over 200, 900 bushels. Re
ceipts here were under 100 ears and but
twenty four cars Of No. . winter and five
cars of No. spring were received. The
estimate for Saturday is but ninety nine cars.
October sold in the pit just before noon at
SL147s. when December and May were about
SLI7 November sold at Sl.15@1.l5S4.
December sold at SLY, down to Sl.l67s.
up to SL175s, back to sllG7s,
I'D to SII7B. back to Sligo,
up to S1.18i4- the outside point, and
then weakened about lie on, realizing sales
sold at SLICES, up to Sl.I7ss. back to
Sligo. up TO Sis, the outside. and on re-
alizing dropped to SI.17. with tendency to
close above that point. The snap was very
much out of corn to-day. Hutchinson did
not figure largely. The receipts were 476
cars less than expected, of which 2S9 cars
graded No. =. The Saturday estimation was
$50 vars. Charters to-day were 100000
bushels. October sold at 41$4c. November
ranged at 41I2642c. closing at 41s4c, or
Ssc higher for the day. December closed
at 35s4c, May at $3.50. Oats were
dull, but steady. Receipts, 215 cars.
In provisions there was too much pressure TO
sell, especially in pCrk, which continues the
center OF speculative interest. January
pork opened al S1462I2, or 12l2c over last
night sold at SI465 and then jumped off to
.27I20I43O. closing at SI432I2, or
17l2c lower Than on yesterday. Ream,.
Singer & Walker were sellers. Hutchinson,
Poole. Sherman and Mitchell bought, the
former also taking small amounts of lard
and ribs The last figure on pork for seller
the month was S1440. or soc under last
night January lard sold at SS@9. 17I2, clos
ing at S.. OI2 a decline of Toe. January
ribs closed 2l3c lower at S7-27l2.
THE ROUTINE REPORT.
CHICAGO, Oct. ga good business was
transacted in Wheat and the feature Of the
market was the existing strength. Higher
prices were again pald, and the market is
rapidly nearing the high water mark of 4
few days ago. The conditions were abso-
lutelv the same as have existed for the past
FaTr Il n
hans manifcSting his hold of the market
more openly by making liberal purchases to-
day. The opening was from lsc TO l4c
higher than yesterdays closing, ruled
Irregular, reaching Il point 2IG52I2c above
Yesterdays close. weakened and closed Use
higher for December and ll2c for May.
Higher prices were predicted for next week
by the trader who has figured so promi-
nentIy OF late in this market The
tirmness of the markets in the North
west helped 10 foTtify the belief in higher
prices. There was only moderate degree
of speculative action manifested III corn,
though the volume of transactions was very
fair The prevailing feeling was enc of
steadiness if not rather firner than yester-
DAY. Opening sales were 4aG5S4c better than
the closing figures OF yeStefday,-b but the mar
ket sold off on free offerings l2c, reacted s4c, p
and closed with October and November
Ss7lac and December t2e higher than yester-
day. In oats there was fair demand for
Nav delivery. This future ruled quite firm,
with some trading at lsc over yesterday 5
closing. For all deliveries this side OF Nav
however. the market ruled dull. Trading
was moderately active i'll mess pork, with
the interest mainly i'll January. Opening
prices were about sc higher and prices furth
Or improved 2I2O5c. With free offerings
Nater. reduction of ) 035c was submitted
10. Toward the close, prices rallied 2l205c,
and the market closed steady. fair bust
ness was reported in lard, with trading
chiefly in November and January deliveries.
Prices ruled 2l2G5c earlier, but declined
10G15c later in the day, and closed rather
steady. With Il moderate demand early and
comparatively light offerings. the market
ruled stronger, and prices were advanced
2l265c for short ribs. At about the middle
of the session, the market weakened. and
prices declined 10 at I2I2c, and closed com
paratively steady.
THE GENERAL QUOTATIONS..
Wheat-NO. , October closed at S1-147S;
November opened al 5,eloSng al Sl.15l4;
December. SLY, closing at Sl.l6iS; May,
SLICES. closing at S1.17L. COrn-No. 0c-
tober closed ut 4l3Ic; November opened at
disc, closing at 4lS4c; December 39S4c,
closing at 39S4c; May, 3StSe, closing at
3S7sc. Oats-NO. , October closed at Disc;
November opened Mt 245sc, closing at
245sc; December, 25ISt, closing ut 2514c:
May, 29l4c, closing at 29sSc. Mess
Pork. per bbl-October closed at S14. 10;
November opened al SI455, closing at
S1430: january. Sl462l2, closing al
S14.32i2. May, Sl4.S7l2, closing at Sl465.
Lard, per 100 lhs-0ctober opened at SS.25
closing 1T sS-l-i4. November, -. CLOS
ing nj $. %; January. SS.l2I@, closing at
S.; May IS 50. closing at $50. Short Ribs
per 100 ibs-October closed at S765: Jan
marx opened at S7.35, closing at S7.27la.
steady and unchanged. Wheut No.
spring, Sl.1454; No. ) spring, 91@96I2c;
No. > red, silica. Corn-No, 2, 4I5s6l
4ls4c Oais-No. ,, 24l2c. Rye-No. ,,
56I2c. Flax Seed-No. l. S1.45l2; prime
timothy seed, S1.4S. Mess Pork-Per Dbl,
Sl45U. Lard-Per 100 lbs. SS.I2l2 Dry
sailed shoulders boxed, SSGS.25; short
clear sides (boxedl. SS.57l208.50. Whisky
-DiStillers' finished goods. per gal 81 20.
Sugars Cut loaf, -SI4@ Size; granulated,
use; standard a, 7SSc. Receipts-FIour,
10000 bbS; wheat, $4,000 bu; corn, 224-
600 bu; oats. $4,000 bu; rye. $4,000 bu;
barley. 101 600 be-. Shlpmen;s-Flour, 81
600 bbls: wheat 10000 bu: corn, $50. 900
bu; oats. 26S. 900 bu; rye, LOCO bu: bar
ley $4,000 Eu. On the produce exchange
to-day the butter market was firm and un-
changed. Eggs steady at lSl3GlI9c.