St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-10
THE COMMERCIAL RECORD.
Bad Reports and the Action Of Heavy
Traders Conspire to Make Weak
Market for Wheat.
Corn and Oats Decline in Sympathy,
Provisions Alone Ad-
vancing.
Financial Operations in the Money Cen
ters---The General Quota
tons.
Special to the Globe.

CHICAGO, Sept. S.-The snap appears to be
out of the speculative markets until some
new influence shall be felt. The activity on
Change early to-day was fair. but did not re-
suit in any decisive turns in any OF The pits,
and compared with the action on the floor
for a month il was somewhat quiet. the
meddling with the grades in the Northwest
the action of Cudahy and other heavy ira
ders here in taking to the bear side OF
the deal. the fine weather and easier
feeling abroad, the hesitation on account OF
the next government report, all consplred 10
make weak market IN wheat the greater
part of to-day's session. The rallies were
sickly, and caused fresh realizing each time.
Exports were light, and the grading of new
wheat receipts began to improve. The open
ing price here for December was l2c off at
93s4c, and the first hour gave that future the
range from 93ssc to 937sc, from which there
was dragging decline until noon, when
the price was 934c, or lie under
last night. Receipts were 234 cars,
with fifty-four cars of No.
grade The wheat market was dull and
weak till the close at l p. m. The lowest
point for December was 9315c and the close
was at 93l4c, or lie under last night Oats
were easy in sympathy with other grains.
Receipts 2SS cars. There was light trade
in corn to-day, but the crowd was determined
enough to let prices down slowly. In one
sense the decline was a reaction from the
bulge of yesterday, caused by the scram-
BILE for cash corn. The receipts
were 493 cars with a large percentage,
323 ca rs of No. grade. The closing price
was the lowest for the day, and 11sc under
last night. Provisions closed at prices a lit
tie better than last nights latest quotations,
the advance amounting to 712@1Uc, in pork
12I2 on near futures of lard, and 501Oc on
ribs. January lard rested where it did yes
terday afternoon. The marketw was dull most
of the time with but light business all told.
THE ROUTINE REPORT.
CHICAGO, Sept S.-The action of the Min
nesota warehouse commissioners IN regard
to the grades, the fact that some OF the heavy
traders here took the bear Side, the hne
weather and easy feeling abroad, the heslta-
tons on account of the next government re
port, all conspired to make weak market IN
wheat the greater part of to-day's session.
The rallies were sickly, and caused fresh re-
alizing each time. Exports were light and
the grading of new wheat receipts
begins to improve. The opening
off at 93S4c, and the first hour gave that Iu-
ture the range from 93sBc to $3.50, from
which there was a dragging decline. Inc
market was dull and weak till the close at
D.. lie lOMtSb pOlut lOL OCSSi1lOSA NeiS
93lsc and the close was at 93Ac. or 1c I'M
der last night There was light trade in
corn, but the crowd was determined enough
to let prices down slowly. In one sense the
decline was a reaction from the bulge OF
yesterday, caused by the scramble. for cash
corn. The closing price was the lowest Tor
the day and 1lsc under last night. oats
were easier, in sympathy with corn ana 1870
Ac lower, with moderate trade Tor OctoDer
but the market was otherwise quiet. Pro-
visions closed at perhaps little better than
last nights latest quotations, the advance
amounting to 7l20l0c i'll pork, 12l2c on near
futures On lard, and 5010c on ribs January
lard rested where it did yesterday afternoon.
The market was most of the time with but
light business. There was no afternoon ses'
sion.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 September opened at 927sc,
closing at 92L2c; October, 92lsc, closing at
92c: december, 93s4c, closing at 93l2c;
May 9S4c, closing at CSC. Corn-No.
September, acc, closing at 445sc; Octo-
4Oc closing at 395sc; year, 39&c. closing at
39I2c; May, 40c, closing at 39l2c. Oats
No 9 September, 24SSc, closing at 24lsc;
October, 24l2c, closing at 24SSc; November,
245sc, closing at 245sc; May, 2s5sc, closing
al 2Sl2c. Pork, Mess, Per Bbl-September
closed at S14O7I2; October, S14, closing at
S14.O7l2; November. S13.65, closing at
S13.S5; January, $13.72l2, closing atS13. 80.
Lard. Per 100 Lbs-September opened at
$500, closing at S9.95; october, $685., clos
ing at $685. November, $3.50, closing at
SS92I2 January SS.22l2, closing at So. 22l2.
Short Ribs. Per 100 Lbs September
closed at SS.45; october, So. 80, closing at
$50; January, S7.O2t2 closing p at $40:
patents, S4.7505. Is; bakers, $4,000.
Wheat-No. 2 spring, 92A@92I2c; No. 3,
796Ssc; No. 2 red, CSC. Corn-No. 2, 454c.
Oats-No.2 24Isc. Rye-No. 2, SOC. Barley
No. 2, 73c. Seed-No. fax, 81. 2901 80;
prime timothy, S1.70. Mess pork, per Dbl,
S14O5014O7I2. Lard, per 100 lbs, 1895;
Short rib sides Qoosel, S8.45; dry sailed
shoulders (boxedl, S776;62d526@7. 70; she, short
Distillers' finished goods, per gal, S1.20.
sugars-Cut loaf, s1s@sl2c; granq4l93ted,
8. 1863 bbls; wheat, Ill, 1871 bU; corn, 204,-
ass bu; oats 19O,524 bu; rye, 16,637 bu;
barley. SO, 299 bu. Shipments-Flour,1 5,-
5O7 bbls; wheat. IS, JOG bu; corn, 29S,590
bu; oats, 231, $50 bu; rye. 10, 492 bu; barley,
1852 blu. On the produce exchange to,
day the butter market was steady and
unchanged Eggs firm and unchanged.