St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-30
THE COMMERCIAL RECORD.
Heavy Selling by Old Hutch Causes
Weakening in
Wheat.
Corn Holds Firm, Oats Shade Lower,
hog Products Advancing a
Peg.
Financial Operations in the Monetary
Centers---The General Quota
lions.
Special to the Globe.

CHICAGO. Oct. 29-The opening Price was
the highest Of the day in wheat The feel
ing was carried from the euro. The strong
close here Saturday made higher prices at
New York at The opening also. While
prices were pretty we'll maintained Ill the
Northwest there was not that advance mat
gave strength here. Conditions remain
about the same as during the closing days OF
last week, when the advance OF several GEMS
was made. Primary receipts were o95.t W
bushels az; inst S45 900 one year ago. Inc
export clearanees were but 5000 busheS.
Markets are heavy at the seaboard Ieeause
of the foreign situation, and markets mere
and in the Northwest are buoyant because
wheat is scarce and millers are offering high
prices for it for grinding purposes Re
CENTS here were 40 cars with but
IL cars of winter and 8 cars OF
spring graded No . The estimate
for Tuesday is $50 cars. The visible supply
showed an increase OF about $4,000 bu or
about one-third of the increase of one year
wear ago. Sales here were: November.
Site and off to SLY early; December,
SI.IS34, down 10 Sis. witha slight rally to
SI.lSI: Nav. 81 90. off 10 S1.1Ss4, up to
SI.l9IS. down to S1.1SI4, and a rally of
SI1Sla Hutchinson was called a seller
most of the day, and it is thought he wished
a break to buy on. Wheat weakened still
more toward the close, and the closing price
of Nav for the day was Sl.1S 1c under the
close on Saturday and &c under the opening
price tins morning. Receipts of corn to-day
were az cars. The percentage OF No.
. was large-471 cars. The estimate
for Tuesday was large-65O cars.
There was no special effort made
TO manipulate prices and they were little dis
tlirbed, and regulated largely by the cash
and shipping demand October sold at
40lae; November started at 407Sc. touched
4OLG4O$sc rallied 10 4ns4c and closed at
4OIse; December closed $sc lower at SOC, and
May steady at SS7sc. Oats were quiet and a
shade lower. Receipts. $50 cars Light re-
ceipts of hogs and higher market helped
the provision market at the opening, while
buying by Hutchinson and by Schwartz,
Dupee L. Co, advanced prices. The former
took &c, 900 bbls of January pork on the call,
Wright. Cndahy, White and others selling.
January FORK started at 12Isc higher at
s14.55, and sold up TO Sl4.62l9, closing at
SI457Ia. Seller the month was quoted 25c
higher at the close, at S14.75. November
lard sold at S. 12l2@8.20. closing at s.. 1ol2,
gain of 12I3c. January ribs advanced sc,
closing at S7.37I2.
THE ROUTINE REPORT.
CHICAGO. Oct. 29.-Trading in wheat was
quite active at the,Opening at s4Ge1c advance
on Saturday closing, being Il combination
of Saturdays firmness. Shorts were anxious
to cover and at the same time the offerings
were liberal. local trader selling freely of
wheat bought at lower figures. The result
or liberal offerings caused Il weaker feeling,
and prices declined lie for December and 2c
for May below early extreme outside figures.
After the opening the market ruled quiet
and dull during the most of the session, be-
coming weak. and closed at about the same
as Saturday for December and lie for May
- lower. Corn ruled rather quiet most
of the session, trading being only moder-
ately active and mainly among local
operators The feeling developed was easier,
fluctuations being within Il lower range than
on saturday, and a lower scale OF prices was
established. Initial trades were Lea lac under
Saturdays closing figures after which the
market gradually sold off l2G5sc. offerings
being quite liberal at times. The market
then reacted SsGI I2c, ruled steady and closed
A0SSc lower than saturday. There was some
increase in speculative trading in oats as
compared with Saturday. Trading was
mainly in may. but near futures came i'll for
some business. Prices for May de-
livery ranged 4@$sc lower. and
Trading was moderate in mess pork. and the
feeling was steadier. Offerings were not
very large, and the demand was only fair
and mainly from local shorts. Prices ruled
steady at medium figures. Lard-Rather
more strength was manifested i'll the lard
market and prices ruled 100l5c higher
but trading was moderate. Offerings rather
light with little inquiry from shorts.
Trading chiefly ia. November and January
contracts. Short.rib sides attracted very lit
tie attention. and trading was light. The
feeling was firmeP. and prices ruled 5@t7l2
higher, ana the advance was moderately
well supported. Trading chiefly in con-
tracts.
THE GENERAL. QUOTATIONS.
Wheat-No. 2 October closed at SI.I6: No
opened ats l.174, closing 81. 1873; Deem
Der, 81. 1S3s. closing at Sl.lS; May, S1.20.
closing at 81. Is. Corn-No. = October opened
at 405sc, closing at 40I2c; November 407Sc,
closing at 41I2c; December, 39i4e. closing at
39c; May, 3SsIc. closing at 3S7sc. Corn
No. October opened at 24lsc, closing at
-24c; November, 24$sc, closing at 24sSc; De
cember. 25c, closing al Csc; May. 29I4c, clos
ing ri 29c. Mess Pork. per bbl-0ctober
close at SLIGO; November opened at S11.55.
closed at SI4. A; January, Sl4.55, closing at
S14.57Ia; May, SI4.S2l3, closing ut Sl4 sole.
Lard. per 100 lbs-October closed at SIS. 20:
November opened al SS.15. closing at
SS.12la; January. Ss.U7I2, closing at s.. l Ole;
May, s.. 22I2 closing at SIS. Short Ribs
per 100 lbs-OcIober closed at S7.55; Jan
nary opened at S7.32I2, closing at S7.37l2.
Cash quotations were as follows: Flour
firm aud unchanged. Wheat-No. spring.
Sl;l5$4@i, IG; No 3 spring, GOOSE; No. .
Oars-No. .. 24I4c. Reno. 2, 56Ise. Bar
ley-No. =. nominal. Fax Seed-No. /,
SLATE. Timothy Seed-PrIme SI4S.
Mes. pork-Per Dbl. S14 go. Lard-Per 100
lbs. $500: short ribs sides tloose). 81. 80;
dry sailed shoulders (boxed), SsMS. %;
short clear sides (boxed), S.. I2l26S. D
Whiskey-Distillers finished goods per gal.
81 20 Sugars-Cut loaf, SA@Siac; granu-
lated. G5sc; standard A. 734c. Receipts
Flour. 3.0UO bbls: wheat -, 900 bu: corn
275.000 pu; oats, 100000 bu; rye Il. 600
bu: barley. $1,000 bu. Shipments-Fiour,
$4,000 bl5ls: wheat. 10000 bu; corn. 16O,-
900 bu; oats, 124.0U0; rye, 5000 bu; bar
ley, $1,000. On the produce exchange to-
day the butter market was quiet and I'M