St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-31
The COMMERCIAL RECORD.
Little Force to Speculative Markets Elk.
cept Sensational Bulge in May
Wheat.
Corn Grows Heavier, Oats Continue
Dull; Provisions, However, Holding
Firm.
Financial Operations in the Monetary
Centers---Fhe General Quota
lions.
Special to the Globe

CHICAGO, oct. 30.-There was little tO.ce
10 speculative markets early to-day. 1t was
thought that the same parties who stopped
the decline in wheat before the close yester-
day would attempt to bulge things TINS morn
ing. Not so. There was little animation,
little attempt at manipulation, and the crowd
made no great effort to do business Up 10
noon there was Il range here i'll the price OF
May OF about 1c, partly over and parity
under the opening price, which was also the
closing price Monday During the forenoon
there was decline of SIc at New YORK, Du-
luth and ST. Louis. This was partly caused
by the tame opening here. This market
seemed weak because Hutchinson and
Others did not see fit 10 advance
prices Those who wanted to buy found
some encouragement the export clearances.
About 5000 bu wheat closed at Phila-
eIphia. about 10000 bbls of flour cleared
at Baltimore. and small amounts of wheat
and flourat New York The aggregate was
about 10000 bu of wheat. But for this
fact outside markets might have dragged
down still farther when 3iay wentbelowSLlS
here this morning. Prices up to L p IN.
ranged at SI15s4@ Lie for November;
SI.ITg11.1S for December May started
at Sis. went TO SI.1SI2. back to Sites,
then up before noon to S1.1S5s. back again
to SIlS, and on the bulge just at
O'Clock. up to SLID. One cause OF the
bulge was the discovery that even
Bloom was frightened under cover.
II was thought that he sold about 23o,Ooo
bu At about Sis at the close on MONDAY.
lie sold another 10000 bu to-day at about
Sits through Montgomery, 1t was CLAIMED.
The market was not going his way. ana al
1890, when the price was at Sl.1Sls' about
$4,000 bu of the above wheat was covered.
Mitchell was a good buyer early. Primary
receipts were but 37S, 0J0 bu. Local re-
ceipts. I59 cars. The shorts became terrified
before the close in wheat and bid prices up
wildly in their efforts TO get in. May touched
SI.2I and closed at Sl.207s, with December
about Ic discount The corn market APP
pears to grow heavier each day. There
is no longer any talk of controlilnS
prices for Il squeeze. The receipts
keep up remarkably. and the per
centage OF the contract grade is large. re
ceipts to-day were 6SS cars, with 3o9 cars
No. =. The estimate for Wednesda? Is 40
cars The out inspection was $4,000 bu.
Charters here to-day were very small, one
vessel being engaged for 10000 bu. AS III
wheat. the lowest prices were touched during
the forenoon, when November sold from
4Os4c down TO 40Isc, after which there was
a rally to dolce, and the close YVES at 4oSsc'
the same as october. December closed at
39l4c and May at $3.50. There was the same
dull feeling in oats. Prices about lsc hlgher
Receipts, 64S cars. Out inspection, I23.O0o
bu. Provisions were dull, and fluctuations
,rera within narrow limits. The range i'll
January pork was Sl4.oc@ l46 closing at
SI4.57ls. or where it did last night. Seller
L. I'D nj =
November lard ranged at SS.07l2@S 8. 12ie.
closing at $50, with January the same
January ribs rested at S7.37l2.
THE ROUTINE REPORT.
CHICAGO, Oct. 3u.-Trading in wheat was
light early. ana the. market ruled duii most OF
the session, without much change in prices
which ruled both trit1e under ana frac-
ton over the closing figures of yesterday
but towards the close suddenly became very
strong and advanced sharply. the opening
was weak. with sales from the same as yes
ter1ay's closing to &c lower, declined lac
more rallied 3S3c for May. ruled irregular
and closed s4c higher for December aud
9Sc higher for May than the closing
figures Yesterday. Operators, perhaps.
were generally ''bearishly" inclined, but
were reluctant about backing up their
views fearing manipulation Corn ruled
quiet and inactive most of the session.
fluctuations being narrow and trading linn
lied An easy feeling was developed shortly
after the opening, which was about the same
as the closing prices of yesterday after which
the market sold off lac. reacted 141ssc. ruled
dull and neglected. closing l4tISsc lower than
Yesterday Speculative trading in oats was
less animated. There was Il good demand
for May delivery al about 29c, or about lsc
under Yesterday 5 closing; at anything above
BUYERS held back. Near futures were very
quiet They were about steady, and
no essential change worth mentioning
occurred. October delivery has be
Iat. oil lnI
Trading was rather light in mess pork, and
almost exclusively i'll contracts for January
delivery The market opened rather steady,
but offerings were fair. and prices receded
7I2Ml0c. Later, more steadiness prevailed
and prices rallied again and closed steady.
Not much doing in lard. Offerings were
fairearly. with a comparatively light demand,
and prices receded 2IsGf5c. Later ruled
steadier, and prices rallied slightly. Noyem-
Der and January delivery met with most
favor. Nothing OF consequence doing in
short ribs. and prices exhibited very little
change: offerings were small and demand Inn
tied Trading centered in January contracts.
THE GENERAL QUOTATIONS..
Xheat-No. = October closed at Sl.l7l2:
November opened at Sl.15$4, closing at
81 Is: December, Sl.1Tl2, closing at 81. 1884 &:
May, S1.1S closing at Sl.2055. Corn-No. =
October opened at 40lsc closing at 4Ossc;
November, 4G5sc, closing at 40Ssc; Decem-
Der. 39Isc. closing mt SOC; MAY, 3S7sc. clos
ing at 3S7Sc. Oats-No. . october closed at
24Ic; November opened at DISC, closing
at 2ll2c; December, 25c, closing at 25c;
MAY. 29c, closing at 29lsc. Mess Pork, per
bbl-October opened at S14.50, closing nj
SI447I2; November Sl442I2. closing at
SI4. 40: year, SD. 81 closing nj Sl4.40: Jan
uary, S1460, closing at Sl4.57l2. Lard, per
100 lbS-OctOber closed at So. I2l2; NOvem
Der opened at S.. 12l2, closing at IS. 10;
December SS.07Ia, closing at $500; Janu
airy, So. 10, closing at $50. Short Ribs,
per 100 lbs-OcrobeF closed at S7.55; Jan
nary opened at S7.35, closing at S7.37I2.
Cash quotations were as follows: Flour,
strong and nOminally unchanged. Wheat
No. spring, S1.17H@1.I7I2; No. 3 spring,
92094c; No . red, SI.17k@1.17l2. Corn
No y, 403sc Oats-NO. 2, 21A@24l2c. Rye
No. =. see Barley-No. . nominal. Flax
Seed-NO. !. S1.49. Timothy Seed-Prlme.
SI.45 Mess pork, per Dbl, S14 50@14.60
Lard, per 100 lbs. SS.l2I2; short ribs sides
jlooSe) S7.55; dry sailed shoulders boxed,
Ss0S. %: short clear sides (bOXed), SIS. 12I2
| as %. Whisky-Distillers' finished goods
per gal, 30. Sugars-Cut loaf, S140Sl2c :;
granulated, 75sc; standard A. 7Ssc. Receipts
Flour. 81 900 bbls: wheat 80, 600 bu; corn.
46I ,0GO pu; oats. $50, 600 bu; rye. IS, 600
bu: barley, %, 900 bu. Shipments-Flour,
| 1000 bbls wheat 33, 900 bu; corn, 202,
| 600 pu; oats. 10000; rye, 6,000 bu bar
! lev. O.. 900. On the produce exchange to-
day the butter market was steady and un-
! chanued auoS steady and unchanged