St. Paul daily globe., 1888-08-18
THE COMMERCIAL RECORD.
BuIIish Foreign Advices and Heavy
Buying for Export Send Up the
Price of Wheat.
Corn, Cats and ALI Varieties of Hog
Products Close Strong and
Higher.
Financial Operations in the Money
Cenfeys---The General Quota
fions.
Special to the Globe.

Hpeclai 10 llle GlGDe.
CHICAGO, Ill, Aug. 1.-THE cable news
was strong, spot wheat easily bringing a
penny more in Liverpool, and all the Ameri-
can grains rising in favor. From the North
west came news of severe frosis in The very
heart of the grain country-St. Vincent and
thereaDouts-and to cap the climax. the
weather map showed a heavy rain last night
ct nearly every signal service station in the
United States except the frost-bitten North
western country. The opening figure was
S4l2c, but it did not stop there. The market
was very nervous and the shorts fastened to
get it out of the wet as fast as they might.
The big fellows covered SO fast early the lit
tie ones came in soon after. The crowd was
decidedly bullish. In Hutch they found
man willing and even anxious to sell. He
got rid of big pile of September at Sl12c.
BY and by, however, buyers became tired and
the bottom of "Hutch's'' bag became visible.
He was pretty well emptied and the
crowd comprehended this as quickly as
any one. Down brakes were whistled
and the steam shutoff and the market eased
away from S47sc TO S4I2c, where it stood for
long time and.finally with trifiing changes
closed at that figure. Corn opened in a re-
Sponsive mood to wheat. shade or two
higher, with Hutch good buyer of Sep
tember. The frost news from Dakota and
Minnesota caused corn to act in sympathy
with wheat. The tone of the market was
very strong, and the offerings for the most
part very light Wheeler & Thomas bid Sep
tember up quite high, and Cottren and Will
lam Young took October freely. Irwin
Green was a strong buyer also. In provisions
the bull sentiment was sustained by the Eng
lish houses and Hutchinson. who bought
largely of lard. There was good general
trade il, 1,rnviSinIS oil 1oN- the cash huSippSS
being decided improvement on the past
few days. Pork closed 22Ia@25c higher,
lard 7laGl Zoe higher. and ribs -l2i2c higher.
Grain inspected was: Corn 3S9; spring
wheat, II; winter, IL; oats, 155; rye, %;
barley, Z. Shipments were winter 27,914
bu; spring, los, $50 bu; corn, 3U9, AT bu;
oats, p, ,325 bu.
TIE ROUTINE REPORT.
CHfCAGo. Aug. 17.-While the situation to-
day was regarded as very strong IN wheat by
the trade, the advance sustained until near
the close of the session was but l2c. The
greatest activity and the highest prices of the
day came early The foreign adyices were
bullish, and while prices of futures were
quoted as tending upwards, spot wheat was
one penny dearer in British markets. The
bull news came from the seaboard and from
the Northwest. AT New York foreign houses
were buying and dispatches stated that only
the heavy realizing in yesterdays purchases
prey ented big advance. The news OF very
low temperature approaching. very near, If
not quite TO injurious frosts in the North
west, filled every ones ears. The opening
was sensational, with prices about l2c over
last night The buying was so general that
another l2c was added letCre II a. m. Then
there was period of realizing, and Septem-
Der, after touching S47Sc, 1c over last night
reacted 10 S4Ssc, and toward the close kept
between S4$4c and S4ssc. Wheat closed
steady at about Sac advance for the day.
Corn closed l2c higher for future contracts
Flor fair l,.f,n of nd a Tan n
fully 1c for leading futures. AS III wheat,
the conditions made the crowd bullsh, and
opening prices were steady. When the cold
weather reports came so thick early, the
45$Sc, the top for the day, in short
order. There was reaction to 45c
and laler drop to 44S4c, and the price
closed at I47sc The Improvement i'll corn
had good effect on oats which were strong.
and closed with an advance OF AGl2c TOR
near futures. Mess pork was active and coy
cred a wide range: Opening sales were 100
12l2c higher. and advanced 2UM2 &c more.
The advance brought free selling by local
traders and reaction of 1C@l2l2c was re-
corded. and the market closed steady. at in,
termediate figures. Lard was active and
higher Opening at sc advance ;ra further
appreciation of Zoe was recorded, followed
by a reaction of 2l2Gl5c. Short ribs opened
7l2c up, advanced lOc more, but receded ZIP
Q10c and closed steady.
Wheat-No. >. August opening at S4Ac,
closing at s4c: September opening at
S4l2c, closing at s4l2c; October opened. at at
at 44c: September 44ssc, closing at
447sc; October 44lsc, closing at 4484c
May. 39ssc, closing at 395sc. Oats-No. 2,
August opened at 251sc, closing at 2314c;
September. 24l4c, closing at 24ssc;
October 24l2c. closing at 24l2c: MAY, 2Sc,
closing at 2SsSc. Mess pork rbbl--Septt m
Der opened at S1345, closing at S13.o7l2 !;
October. $13.62l2. closing at Sl3.65; jan
uary, opened at $500 closing at Sl2. S2l2.
Lard-per 100 lbs -August closed at
SS.92l2; October, Ss.s5, closing at $500;
January $40, closing at S7.6z12.
Short ribs per 100 lbs-September opened
at $500, closing at So. 10; october,
& Sso7li' CLOSING se at ISL; ssl2l2; S5anMgnary
Flonr-Firm end unchanged: Wheat-No. 2
spring, sac; No. spring, 76@ SIC; No. .
red, SIC. COrn-No. =, 447SG04!Ic. Oats
No.2, 25l2c. Rye-No. ,, 48c. Barley
No. 2, nominal Seeds-Flax, MOL, S1.1S
@L1SA: timothy, prime, So 10@2.15: Pork
Mess, per bbl, 13.57l2G113. 60. Lard
Per 100 lbs, SS.90@9.02l2. Ribs-Sbort
sides. Ooose). So zoos. .I2l2: Shoulders
Dry sailed. (boxe0, Sz,4o@7.50; short
clear sides: boxed, Ss;70@9. WHISKY
Susars-CuI loaf, sSsc: granulated, 75s@
714c; standard A. 7Ac. Receipts-Flour,
$4,000 bbls: wheat, 1000 bu: corn, 1873.
900 bu; oats. $4,000 bu; rye. 10000 bu;
barley, 2,OGo bu. Shipments-Flour,1 IL
GOO bbls; wheat, $4,000 bu; corn. 297. 900
bu; oats, $4,000 bu; rye, 5000 bu;
barley, none. on the produce exchange
to-day the butter market was quiet: fancy
creamery, 1Sie@l l9lac; fair to good, 1876 !;
fancy dairy, l3@15l2c; good TO choice, 800
Northern.