St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-15
The COMMERCIAL RECORD.
A Hesitating Market for Wheat, the
Bears Finally Having Their Own
Way.
Liberal Dealing In Corn, Firm Feeling
in Cats, Provisions Being I'm
interesting.
Financial Operations in the Monetary
Centers---The General Quota
tons.
Special to the Globe.

Special TO the Globe.
CHICAGO. Nov. 14-It was nearly l o'clock
when May wheat touched S1.14Ss, the price
Mt which il closed last night. The market up
to that hour had shown some strength, but
there was nothing to warrant it more than on
yesterday, except the cautious feeling OF the
bears, who were short large amounts. Inc
price started at 81. 1855 or s4c over the close.
Buying by shorts, of which Ream was sup
posed to be chief, put the price to S1.1ofs.
Then there was let-down of 1c, rally 10
S1.l53s, and after hesitating market with
considerable blind trading. the price started
downward from 81 1919 and quickly touched
Sl.145s as stated. A little later it touched
81 14la and rallied to 81. l4s4. Other markets
were less excited and from the opening
showed slight declines, Receipts here were
50 ears, with but ears of No. . except what
was billed through. The estimate for Thurs
tlay is but 80 cars Primary receipts were
$50, 900 bu, with but $4,000 bu at Mime
apolis and Duluth. Atlantic export clear
ances were more than for two weeks past,
10000 bu at New York and $500 bu at
Philadelphia, besides large clearances of
flour. The market here was largely local.
Gable ard statistics were bullish, with the
crowd bcarish. Wheat closed for the day at
the lowest point touched. The crowd
Today, and there was good buying
all the session. Hutchinson was seller
early, and put both December and May
below 39c The good demand for cash
and November helped the deferred futures.
The bottom for December was 3S84c. Re
reipts were I7S cars with 100 cars for
Thursday. Out OF inspection only 10000
bu and characters to-day, 10000 bu. Re-
ceiptS of oats were IS cars, with so cars for
tomorrow. There was q firmer feeling for
futures and closing prices were lac higher
for November, and Ice better for December
and May Provisions were uninteresting.
Lard showed some weakness and Kent was
supposed to be selling through Stauffer.
May lard closed 2l2c higher than last night
at IS. %, and January unchanged at S7.07l2.
January pork sold down to S14.62l2. closing
at S14. 72l2 Or sc better than yesterday. The
same option of ribs closed at STATE.
TIE ROUTINE REPORT.
CHICAGO. Nov. 14.-WheGt was quiet but
prices ruled higher than Yesterdays closing.
There was no special outside news, and
early frmness was attributed mainly to local
influences Trading was light and confined
almost wholly to the local speculative ele
ment, outside business being but lightly rep
resented. A few foreign buying orders to
cover shorts were received. A report to the
effect that Eastern millers had bought up
-
New York may have had some effect in caus
ing the early advance. But there was some
dstrust about the advance holding, and
operators TRACED cautiously. The opening
was from 540l1isc higher than closing
yesterday, and held firm for while, but
later eased off, as operators became con-
WINGED that some one was qule ~ feedlng
the market with wheat at the ad-
existed that the same party was holding the
market at Sl15 for May. But later prices
declined Ice below that figure, or 1850 below
outside figures, fluctuated some and closed
about the same as yesterday. Corn ruled
rather quiet most of the session, though at
times exhibited moderate activity. Trading
vas of Il local character and fluctuations
within 3ic range Opening sales were about
the same to !sc better than the closing prices
of Yesterday was steady for time, then sold
off SIC, advanced S4c, ruled steady and closed
l4Gll2e higher than yesterday. Oats were
quiet and steady during the greater part of
the session. There was no particular dis
position to trade for future delivery and
offerings being light, price changes were
confined TO about the same range Is on yes
terday. Later buyers took hold of May quite
freely and trading increased but the market
closed steady at slight gains over yesterday.
fairly active trade was reported in mess
pork, and the feeling was firmer, especially
during the latter part OF the day. Trading
was chiefly in January and May deliveries,
and transfers of contracts were made Soc
difference. Offerings were moderate and
demand fairly active. Prices ruled 2l2@5c
lower early, but rallied l2l2@ l5c later, and
closed steady. Trade was moderate in lard
and the feeling somewhat unsettled. Offer
ingS were not very large and demand fair.
Prices ruled about 2l2c lower early in the
day, but rallied 2l2@5c and closed steady.
In short ribs the trading was moderate and
confined almost exclusively TO January and
May deliveries. Offerings were rather light
and the demand was fair. Prices were about
2l2c lower early, but rallied 5@7l2c later,
and the market closed firm.
TIE GENERAL QUOTATIONS.
Wheat-No 2 November closed at 81. 1898;
December opened at ST. !4S4. closing at
S1.13ls January, 81. 1898, closing at ST. 1l2;
November opened at 40$sc, closing at 4Olae;
December, SOC, closing at 393sc; January,
:38lac, closing at 377sc; May. SOC, closing at
39lSc. Oats-No. q November opened at
25a4e: closing at 257sc; May, 297se. closing
at 297sc. Mess Pork, Per Bbl-Noyember
opened at SLIGO. closing at Sl4.60; De-
eember, closed at SLIGO; January,
her closed at $S.l7l2: December opened at
SS.0zA, closing at SOLE; January opened
at $s.Q7i2, closing at $s;07l3; May, SS.22l2.
100 LbsNoyember closed at sgd;
January. $742l2, closing at S7.4112;
May. opened at S7.65. closed S7.67l2;
Cash quotations were as follows: Flour dull
ana negiecteu' holoeTS ASK former prices.
Wheat-No. 2 spring, Sl.12ss; No. 3 spring,
S5@Sse: No. 2 red, 81. 12Ss. Corn-No. 2,
4Ol2c. Oats-No. .. 25sSc. Rye-No. 2.
soc. Barley-No. 2, 75c f. o. b. for
Washington Territory. Flaxseed-No. l,
Sl.5i2. Timothy Seed-Prime, Sl.45@
80. Mess pork, per Dbl, Sl47
Lard, per 100 lbs, $500. Short ribs
sides 1oose) $50; dry sailed shoulders
(boxed). 81. 1905; short clear sides {boxed),
Sc. 25@S.37l2. Whisly-Distllers' finished
goods per gal 81 20 SusarS-Cut, loaf S14
@Sl2c; graduated, 7l2c; standard A, 714c.
Receipts-Flour. %, 900 bbls; wheat, 45, 900
bu; corn. 171O0O bu; oats, $4,000 bu;
rye, $4,000 bu; barley, 71,000 bu. Ship
bu; corn. $4,000 bu; oats, $4,000 bu;
rye. 5000 bu; barley. $4,000 blu. On the
produce exchange to-day the butter market
was steady. Elgin creamery, 29@29l2c;
choice western, :5@ 26l2c: choice diaries, %
G123c; common 10 fair, 15@1Sc. Eggs