St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-26
THE COMMERCIAL RECORD.
Big Dealers Turn Bulls and Give
the Whea: Market a
Boost.
Corn Advances in Sympathy, Oats
UnGhanged--Hog Products Tagging
Under Heavy Sales.
Financial Operations in the Monetary
Centers.-The General QUO
tations.
Special TO The Globe.

CHICAGO, Oct. 20. Two OF -rcc things
copspi,ed to inrre q stronger feeling in the
grain pits On change carly to-day. The buy
ing here and in the Northwestern markets
yesterday was regarded as huge scalp by
Chicago and Minneapolis parties. and it was
expected that offerings would be very liberal
in wheat this morning. they were not 1t
started here lc higher fer December and
fraction higher for May, and The first halt
hour brought lac advance TO December and
hearly &c advance to May, taking both
futures ut nearly the same time TO silica
Both futures yielded little at the end OF the
hour 10 about Sl.141,, ard before II n. m.
on second bulge. December touched
l.I424 again and May reached SLID. AS
tie session advanced the scarcity OF sellers
of wheat became more apparent. only
those who were long and already had good
profit seemed disposed 10 let so. Linn,
Schwartz-Dupee, Mitchell, Cudahy and. in
fact. nearly every large Spectator ON The
floor, was buying at one time or another, ana
all seemed TO favor the bull syue i'll their
scalping operations. BY L 80 May was up
TO 81. 1873, but rather free lealiZlng by Ream
and few followers eased the market back TO
SLID. An hour later. however. ii was up to
Sl.l6. The falling off Of farmers deliver
les in the Northwest was The primary
cause of the strength. Receipts here were
small. The figures for the Burlington
were out but without them the car lots were
rs wheat. 2G2 corn. I03 oats. The good
cash and shipping demand was The main
spring Of the corn market. At the opening
prices were higher on the light receipts.
Hutchinson was an open buyer. but 10 one
knows how much he sold under cover. No
vember sold up TO I2lsc AZ one time and
dropped Lack Oh unloading sales. Charters
10 day were light. Oats were quiet and UNI
changed Receipts 1903 ears and
10000 bu by canal. Provisions started
ont all right this morning. and
pork went up TO Sl47J under buying by
Robson, BOYD and Hutchinson. Then the
market turned, and under free offerings.
dropped 10 SI1.iO closing at $3.50 Or >
cents under last night. Blooms pork was
again thrown overheard. and it was thought
the last Ct il had been dumped. November
lard ranged al SS.12I2 10 SS.32l2. closing
near the bottom at IS. 10 or l1l2 cents lower
than last night, Cc.ober was finally quoted
at S.. %. or 10 cents under yesterdays close.
January ribs sold down to S7.27I2 clos
ing at $3.50, q decline Of 2l2 cents.
ROUTINE REPORT.
Chicago. Oct. 20.-Thsre was only
moderate trading III wheat to-day. In fact.
the market ruled quiet during most OF the |
session. The feeling developed, however. |
was decidedly stronger. and the reason as,
sirned for the strength was the reported |
falling off in farmers deliveries Ill the +
Northwest Some of The local bCll tradsrs |
were reported TO he buying and absorbing |
the offerings, and this also helped to adj
vance prices, especially as the offerings |
were rather light The opening was un- |
settled somewhat excited. and li0l!c higher !
than Yesterdays closing; advanced with |
some fluctuations. 10 Il point 234c for Deem
ber and 3lic for May above yesterdays |
closing, receded some. and closing
erately active, trading being mainly
of a local character, not much outside bust |
ness being transacted. The feeling early in
the session was comparatively firm, the
market showing considerable strength. after
which it eased OFF some. The early strength
was attributed mainly TO the moderate pur-
chases Of large local holder. and the partial
reaction was influenced by the estimated re-
ceipts for TO morrow. which are fairly liberal.
Trading was largely i'll November. The
market opened Slc higher than the closing
prices of yesterday. advanced i'll all 3sc. re- |
acted 5sc. ruled steady and closed AQ$sc
higher than yesterday. There was Il moder-
ate demand for May oats and Il small in
crease in sales of December. These
futures were steady, both rang
ing lSc better. Nearby deliveries were
neglected. Mess PORK was moderately active, |
neither buyers nor sellers being eager 10 ell |
gage IN transactions 10 any extent. Late
trade was active, with free offerings Prices
ruled somewhat irregular, and the closing |
figures showed 7i2NlOc decline from those |
of Yesterday. January attracted most atten- |
ton moderate trade was reported i'll the |
lard market, and the feeling was easier. |
Early few sales were made at yesterdays |
prices. but more liberal offerings caused |
weak feeling and prices declined l5020c. !
Later prices rallied 7I2s Zoe and closed |
steady. Trading was only fair in short ribs. |
Early the feeling was tirmer at 2l2@3c nd
vance. Later the market weakened. and
prices settled back 7l21 Toe and closed COM
paratively steady nj medium figures.
THE GENERAL QUOTATIONS..
Wheat-No. , October closed Sl.13S4;
November closed at Sl.14l4: December
opened at 81 I4A, closing at Si.i2$i;
Corn-No. = October opened at 4l$sc,
closing at 4lSSc; November. 4lSSc. clos
ing at 4lhc; December opened at 39l2c,
closing at 39$sc: May. 3s7sc. closing at
November opeped at 24$4c, closing at
2l5ac; December, 25c, closing at 23isc;
May, 29l4c, closing AT 294c. Mess
Pork. per bbl-November closed at Sl4.47l2; |
S145O: May closed at $l4.72l2. Lard, per
100 lbs-Octobcr closed at SS.2J: Novem- |
Der opened at $3.50, closing at So 10: Jan |
uary. Ss.22i2, closing at Ss;I2l2; May,
lbs-October opened at $3.50 closing at
S7.G2I2; January, S7.35, closing at $3.50. |
Cash quotations were as follows: Flour
Quiet and unchanged. Wheat-No. , !
spring, S1.13l2@1. 13S4; No. 3 spring, 90@ |
95c: No. red, 81. 1880 1884. Oats-NO. |
. 24i2c Rye-No. =. SIC. Flax Seed-No. |
l. Sl57. Mess Pork-Per Dbl. Sl475. |
Lard-Per 100 lbs. $500. Dry sailed |
shoulders (boxed) SsGlS.25 short clear
sides (boxed), SS.37l2@S.50. Sugars-Cut |
loaf. SA@Sl2c; graduated, Use; standard !
\, use Receipts-FIour. 1900 bbls:
wheat 57.O003bu; corn, 305. 600 bu; oats,
10000 bu; rye. 24,000 bu: barley. $4,000 |
b. ShIpments-Flour, 1000 bbls; wheat,
$4,000 bu; corn, $4,000 bu: oats,
174,000 bu; rye, 1000 bu: barley $4,000
Eu On the produce exchange to-day the
butter market was firm al l9c.