St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-08
The COMMERCIAL RECORD
Cid Hutch, by Liberal Buying, Forces
Up the Price of Wheat Six
Points.
Corn and Hog Products Take Tumble,
Oats, However, Advancing
With Wheat.
Financial Operations in the Monetary
Centers---The General Quo
tatiens.

CHICAGO, Oct. 6.-This week will long be
remembered by the trade and the public for
the amount Of plunging in wheat. One week
ago to-day the September deal closed and
pther wheat futures were based above 81.
Ehe crowd thought they were forced there
DIV Hutchinson, and that a decline would
follow when quiet was restored But neither
Auiet nor the decline came. Instead prices
Jumped about &c Monday and about Zoe
Tuesday until Sis was reached. There was
one day of quiet, caused by the refusal OF
business of many houses, and again the bulge
Is on. Yesterday, after touching higher points
than before, the close was about &c higher
Than any previous day. Outside markets
were moving up quite as rapidly. Duluth
vas leading, New York following This
morning there was an ordinary opening.
with prices &c over last night. At the end of
The first hour there was the daily furry and
December wheat went square up to Sl.2o and
refused up to noon 10 fail below S1.l9. Con-
sidering the limited amount of trading ana
the deliberate manner in which prices were
bid up. 1t has been the strongest day of all
in wheat not only in this market, but ut the
Eeaboard and in the Northwest AT l p. m
fifteen minutes before the close, the main
tanned advance for the day was
about sc. The highest prices of
the day were touched shortly before
the close, when December touched Sl.22
and May 81. 20. Receipts here were but 50
cars, exports at Atlantic ports Blu $4,000 bu.
The corn market to-day as an ordinary one.
The manipulators did not attempt to make
prices, and the scare of Friday caused many
timid shorts to cover. Receipts were AS
cars. Oats dull, with prices about unchanged.
The provision market opened strong, but
product was offered freely, and prices
dropped Off January pork sold from S14.S0
at the opening down TO S14.62l2, closing at
SI4. 72Is. with October S15 so. Lard sold at
S9.15@9.35, December closing at S9.22l2,
decline of l5c. Short ribs closed at 2l2c
lower.
The ROUTINE REPORT
CHICAGO, Oct 6.-There was only fair
trade in wheat to-day, chiefly local, though
some little outside business is being done;
higher prices were again established and the
market developed decided strength. The
same prominent operator who has tignred so
consplcnously in the market for the past few
weeks was credited with being the principal
buyer. The conditions are about the same as
recently noted, and no new features pre-
scented. The markets in the Northwest con-
tinue to rule strong, and Duluth for No:
hard ruled 90l2c above Chicago prices for
No 2. all home markets were higher, ana
foreign markets also ruled stronger and
shade higher The opening here was about
&c higher than yesterdays closing.
with further advance OF 4G4l2c established
later; ruled strong and closed 5s4
acc higher than yesterday, with May main
!aining the established premium. Corn was
fairly active, and generally steady, though
early in the session an easy feeling prevailed.
after which the market ruled unsettled. The
trading was mainly local, and appears to be
eentering in the more deferred deliveries,
May in particular, to-day ruling quite active.
The influences governing the situation to-day
we're of local character, very little, If any,
outside news of importance being received.
The market opened about lac above the clos
ing prices of Yesterday, was firm for time
and advanced lac, sold off S4c, reacted lac,
ruled weak. and declined 10l16c, reaching
the lowest point of the session, and closed
le0l2c lower than yesterday. Oats were
quiet except May, in which there
was fair request. This held
prices firm and caused lac higher range, with
hear future nearly steady. Trading in mess
pork was moderate, and chiefly during the
first hour and almost entirely in November
and January. First sales were at 2l205c
advance, declined l5022lac, rallied 12015c'
became weaker and closed quiet at nearly IN
side figures. Lard was nervous, 1t delng DIFF
ficult TO buy or sell moderate sized line
without materially affecting values. October
declined so cents under liberal offerings by
prominent packer. The appearance of buy
eIS after the decline caused rally OF BIC,
but il was not maintained. Trading in other
deliveries moderate and prices lower. Short
ribs sides met a fair call and an easier feel
Ing developed on the near deliveries, but the
more distant futures were steady.
THE GENERAL QUOTATIONS.
Wheat-No. 2 October opened at'S1.1 4l2
rlosing at 81. 1888; November S1.l6Ss, clos
Ing at 81 .2Oss; December, Sl.17l2, closing at
6l2I5s May, Sl.l9. closing at Sl.2234
Corn-No 2 October opened at 45s4c, closing
al 44S4c; November, 46l4c, closing at 45sSc;
December, 42c, closing at 41s4e; May,
995sc, closing at 395sc. Oats-No October
opened at 2414c, closing at 24Ac; Novem-
Der, 25c, closing at 247sc; May, 29c, closing
at 29Isc; Mess Pork, per bbl-October opened
RtS15.5O, closing at $3.50; November,
S15.25. closing at SD 50; year, S14, go, clos
ing at S14.50; January, Sl4.S0, closing at
Sli.7 1918. Lard, per 100 lbsT-0ctober opened
at $1,000. closing at $40; 10; November,
80, closing at 1928; December $500,
closing at SS.52l2; January, SS.45, closing
at $S.42l2. Short Ribs, per 100 lbs
9.35; January, s7.47l2; closing at s7.45.
Cash quotations were as follows: Flour IN
fair demand; patents, S7.23@7.50; bakers,
S460@4.6 60; choice, S5.lO95.20; winter,
50. 1906 Wheat-No. 2 spring 81 l7a4Y
SLI7A@I.1Sl2 COrn-No. 2, 4484c. Oats
No. 2, 24Ac. Rye-No. 2, Gle. Barley
None here. Flax Seed-No. l., S1.40.
Timothy Seed-PIime, $I.55. Pork-Mess,
per Dbl. Sl5.5O@15.57l2. Lard-Per 100 lbs,
$1G.12I2@lO.15. Short Ribs-Sides Qoose),
So. 4OG945. Shoulders-Dry sailed (boxed).
S.. S7l209. Sides-Short clear (boxed),
SIS. 75@lO. WhiSky-Distillers' finished goods,
per gal, 81 20. Sugars-Cut loaf, Sh@S98c;
granulated, Use; standard A, 7l2c. Re
ceipts-Flour, 1900 bbls; wheat. 63, 600
bu: corn, $4,000 bu; oais, 80, 900 bu l.;
rye, 24,OuO bu; barley, $4,000 bu. Ship
ments-Flour 1900 bbls; wheat, 10000
bu; corn, 263,OO0 bu; oats, 1440O0 bu; rye,
$4,000 bu: barley, $4,000 bu.,. On the
produce exchange to-day the butter
market was steady and unchanged; eggs,
northern, 1SI26I &c.