St. Paul daily globe., 1888-08-25
The COMMERCIAL RECORD.
Bio Bulls and Little Shorts We're in as
Roaring Buyers, Wheat AdEan-
cling Three Points.
Corn Goes Up in Sympathy. Oats Drop a
Fraction, Provisions Showing
Up Again.
Financial Operations in Wall Street
The General Quota
ti0ns.
Special to the Globe.

Special to the Globe.
CHICAGO, Aug. 24.-The wheat market was
wild around the opening. Trades were made
l2c apart at the start and it was some min
utes before anything like uniformity could
be established. There was trading at 900
eOl2c for September and 92092SSe for De-
cember. The crowd was i'll perfect uDroar,
and there was a grand rush of country buy
ing orders. Fora little while there was no
wheat to be had, but as soon as the local
bulls could catch their breath, many of them
began to sell out long wheatand take profits.
This policy soon became general. and the
market worked back to soc for September.
and 907S@91c for December, or nearly to
yesterdays closing range, After II o clock
the market got its second wind and steamed
up to 1l2c without skip. The last half honr
of the session was the most exciting period
of the day. Advance was piled upon ad-
vance, and closing prices were at the extreme
top or 234c above yesterday. War news was
mentioned as Il cause of the late excitement
but it was strong cables. and an accumula-
ton of reports from the Northwest of deplor-
able crop prospects. The corn market was
active and decidedly strong most of the ses-
sion, but had some spells Of weakness,
though closing with September about 1lac
higher than il closed last night, October about
The first sale was 1T an advance of SAC from
last nights close, the strength being due to
the higher cables and the excitement which
prevailed in wheat at the opening; and Sep
tember sold from 45s4c to 461sc. But the
advance checked the buying. and under
pretty free realizing sales there was a gradual
drop of about 5sc, then reacted sharply in
sympathy with the sharp upturn in wheat,
changed some, ana closed fairly firm Oats
did not partake of the activity noted else
where, and under a light attendance of
operators, ruled dull, though firm. with
the exception of cash and seller the month
which weakened after an early show of
strength. Interest in the provision pit was
confined chiefly to lard. The first sales of
lard for September were made at an appreci
alton of 12l2c, and subsequently the OPEN
ing quotation was marked up Ice. The Octo-
Der future opened the same as September,
but sold during the session at an average dis
count of 2l2G15c. In these futures the days
actual advance was 22Ia@e2712c Pork and
short ribs were naturally affected by the
boom in lard, and for the former prices
closed 2l2c and for short ribs 2l2@15c higher
THE QUOTATIONS..
Wheat-No. >, August closed at 9l3Sc:
September, opened at 90I2c, closing at 9llac:
October opened at 90l2c, closing at 81 34c ;
Corn-No. =, August, opened at 4534e. clos
ing at 46c: September, opened at 45s4c,
closing at 46lsc; october, opened at 4f34c,
closing at 46lsc; May. opened Al 1lc, closing
at 40s4c. OatS-No. 2, August, opened at
23Ssc closing at 2514c; September, opened
al 245sc, closing at 24$lc; October, opened at
247sc closing at 25c: May, opened at
2SS4c, closing at 2S7sc. Mess Pork, per Dbl
August closed ut S13. So; Septe N Der,
opened at SI3.S5, closing at Sl3.s5; ;
October. opened at S13. .s5. closing at 1892
SIS 10 Lard, per 100 lbs-August, closed
at S9.35; September, opened at 1925.
closing at S9.:}5; october, opened at 50. 20,
closing at S9.32l2: January, opened at
$50, closed at 81. 72la. Short Ribs. per 100
lbs-August. closed at S.22l2: September,
opened at SS.22l2, closing at So. 22l2; Oe-
lober, opened at $500, closing at SS.27I5:
January, opened at $3.50, closing at Sc. 6712.
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. 2 spring
9l@912sc; No. 3 spring, S2@S3c; No. 2
?, 25@25Ae. Rye-No. 2, 49e. Barley
timothy. prime, Slso. Pork Mess, per
bbl, S13. s2l2@13; So Lard-Per 100 lbs,
50 1o6H9. 12l2. Ribs-Sbort, sides Qoose),
SIS. 2G6lS. .22l2. Shoulders - Dry salted.
tboxed), S7.40QD7.50; short clear sides,
tbOxed), S.. seas. Whisky-Distiller's fin
ished goods. per gal, Sl.20 Receipts
Flour, 1888 bbls: wheat S4,491 bu;
corn, 229,047 bu; oats, 216,13 bu; rye,
18TH bu: barley 5,305 bu. Shipments
corn. 20o,S40 bu: oats, 1922 bu; rye,
7736 bu; barley, 1870 bu. On the
produce exchange to-day the butter and egg
markets were firm and unchanged