St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-06
THE COMMERCIAL RECORD.
Bulls Have the Best Of the Wheat
Market, Prices Advancing Few
Points.
Hutch Breaks the Corn Market---Oats
/ Quiet Provisions Weak Under
Heavy Sales.
Financial Operations in the Monetary
Centers---The General Quota
tons.

/ CHICAGO. Nov. 5.-The speculative trade
did not engage in business with any great en-
eigy this morning. There was naturally
little strength in wheat on reaction from
the bad break and low closing of Saturday.
But for the coming Of holiday tomorrow
there might have been much broader wheat
market to- day. Because Of the break OIL Sat
.urday the prospects were i'll favor OF the
bulls. At any rate there was more fear OF
bulge on the part of the shorts than there
was of any shaking out on the part OF the
longs. The greater part of the trade regard
wheat as selling on its merits. This idea was
strengthened by the fact that seaboard mar
kets were heavy. while Northwestern mar
kets showed higher prices. There was no
marked features here. Receipts were
112 cars, with 125 cars for Tues
day. The visible supply increased only
21S,0O0 bushels, against 1,213,0O0 increase
last year. There was some covering by Gu
daily and many smaller operators all morn
ing, while Jones-Kennett, Mitchell and others
sold freely. Hutchinson did not undertake
to be CONSPICUOUS, but he bought some. There
were no exports except Ia, 900 bu at Phila-
dSphia, while receipts at Minneapolis were
$4,000 blu. Sales here for December were
$1.13@1. 14ss down to 81. 1874. up to $1.14A,
back to $1.13s4, up to 81. 14s4, and back to
81. 14la at l p m. May sold at 81. 14lS, up to
Sl.157s and back to S1.l5ls at p. m. 1t
acted weak at these figures and closed con
siderably lower on free offering. For some
reason corn opened higher than the close on
Saturday, and for the first hour prices ad-
vanced a few points for early futures. No
vember went from 39lsc to 39ssc, and
December from 39s4c to soc. The receipts
I, O. for m
Tuesday. The stock here decreased 68S, 900
bushels and the out inspection since Satur-
day was 3OS,OO0 bushels mostly contract
grades. Even with these facts hutchinson
was a sufficient seller to break prices about
Ice before noon. November went off to 39c
steady. Receipts. 1875 cars. Pork opened a
little higher, with January at 81 .S7l2, but
it subsequently, weakened and sold off to
$14.67l2, closing at $14.75 or DC lower than
SIS, closing at the inside. a decline of sc.
On the call the Anglo-American Company
was seller of lard to small extent. RIBS
closed 2l2c better for January at STATE.
Hutchinson sold 500, 900 pounds OF ribs.
THE ROUTINE REPORT.
CHICAGO, Nov. 5.-The wheat market was
dull and void OF any special features. Trad
ing was light and chiefly local. Operators
evidently had expected lower prices, and
when shorts undertook to cover they did
was accredited the advance in prices. Some
prominent local traders were reported as
being moderate buyers, and at the opening a
few big buying orders were also executed:
but the latter part of the session developed
considerable selling. and weakness followed.
The opening was 1s9SSc higher and feeling
a little unsettled. Then il rallied irregularly
ll2D1ssc, became weaker, declining Ac, and
closed about 7s@1c higher than closing hg-
ures Saturday Corn was only moderately
active, trading being on a rather limited
scale and most of the business transacted
early in the session, at ter which the market
ruled quiet and inactive. The feeling deyel-
oped rather firmer, opening sales being
uIday, after which the market fiuctuated
within lsc range, and closed Ia@l2c higher
than Saturday. Oats were quiet and without
material change. Trading was only moder-
the early part of the session. Prices were ad-
vanced 7l2@1Oc early, but settled back 15@
zoe and closed comparatively steady at me
dunn figures. January and May deliveries
met with most favor. Lard-A very limited
trade was reported in lard and the fluctua-
tons in prices were slight. Offerings were
small and demand light. Short Rlbs-Onlya
limited trade was transacted III short rib
sides Offerings were small and lutte IN. IN,
change. There will be no session OF the
board tomorrow.
THE GENERAL QUOTATIONS.
Wheat-No. November closing at 81. 1898;
December, S1.13l2, closing at Sl.14; Jan.
uary, S1.11la, closing at $1.115s; May,
$1.l4A. closing at $l.15. Corn--No-
November, 3S7sc, closing at 391sc; Deem
her, 3s9sc, closing at 3S5sc; January, 37s4c,
closing at 374sc; May, SOC, closing at $3.50.
Oats-No. 2, November. closing at 24ssc;
December, 247sc, closing at Csc; May. 29c,
closing at 29c. Mess Pork, per bbl-No-
vember opened $14.55. closing at S14.5O;
December. closing at $14.45; January,
S14. S7Ia, closing at STATS; May, SIS Is,
closing at $15.A Lard, per 100 lbs-No-
vember opened at S.. Is. closed at SS.15;
December opened at $50, closing at
$500: January. Se.15, closing at $s.O7la.
May, Se.32l2, closing at Ss.27l2; Short
Ribs, per 100 bs-Noyember closed atS7 .57l2;
January opened at 81 so, closing at 81 47ls.
Cash quotations were as follows: Flour
dull and neglected. Wheat-No. 2 spring,
S1.12@1. 1925: No. spring, 90@95c; No.
2 red, S1.12@1.12ss Corn-No. 2, 391sc.
Oats-No. 2, 24lSc. Rye-No. 9 55c. Bar
ley-No. 2. nominal. Flax seed-No. 1,
$l46l2. Timothy Seed-Prime. nominal.
Mess pork per Dbl. S14 6212@14.75. Lard
per 100 lbs, Ss.15@S. 17I2; short ribs
sides Qoose). S7.5O@7.55; dry sailed
shoulders tboxed2, Ss@ sS 25 5. short clear
Sugars-Cut loaf, sA@sl3c; granulated,
7l2c; standard A. 7Hc. Receipts-Flour.
10000 bbls; wheat, $1,000 blu; corn. 251.-
600 bu; oats 1875 900 bu: rye, 1900
blu; barley, 135, 900 blu. Shipments-Flour,
$1,000 bbls; wheat, $4,000 bu; corn, SILL
900 bu: oats, $4,000 bu; rye, 1000 bu;
barley, AZ, 900. On the produce exchange
to-day the butter market was STEADY and un
changed Eggs steady and unchanged.