St. Paul daily globe., 1888-08-10
The COMMERCIAL RECORD.
european Weather Frighsens Buyers
and Causes a Sag in the Prices
of Cereals.
Eheat and Corn Close Fractionally
Lower, as do Hog Products, Oats o..
Being Strong.
Financial Operations in the Money
Genters---The General Quota
tions.
Special TO the Globe.


CHICAGO, Ill, Aug 9.-The end of the
break in wheat does not seem to have been
reached, and the market opened this morn
ing in anything but a firm condition. There
seemed nothing to encourage a single bull
hope except the uncertain chance of reac-
ton On general principles. Everything
seemed to tend downward. In the offices
this morning September wheat was sold as
low as a2S4c. but the decline was even greater
than THAI 1t opened on the board at S2l2c,
and inside If a minute had dropped to S2Ssc.
The opening price was the favorite point for
about half an hour or so, but the bear sent-
timent was so strongly fixed that the early
attempts to get the market out of the
hole were failures. The news from abroad
was certainly not bullish. Fair weather.
was the report from the United Kingdom;
fine weather. from Holland; fine weather.
from France. Fine weather." said the
Liverpool cablegram, land prices for Ameri-
can wheat tending down. Cash grain a
penny cheaper" AS might be expected,
the foreigners sold largely The shorts were
the principal buyers, and the bulk of the
trade was local. About the noon hour a
rally took place under the lead of Hutch
and Cudahy, both of whom were good buy
ers the former especially, at S55sc and there
about. After this the market dallied in the
vicinity of S3c. and finally closed at that
figure, though by no means firm. An
other prime cause of the closing
advance was the report that Liver
pool parties had advanced their
buying orders a cent a bushel Milmine,
Bodman d Co. and other foreign houses were
large buyers on this basis. "Hutch" and
Boyden were large sellers of September corn
and the market rapidly declined under their
sales, the depression being aided by the fall
ing off in wheat. There was some demand
for October at 4IS4 cents, but on the whole
the market was very dull. The buying of
shorts rallied the market from its opening de-
cline, Klrkwood buying pork and Robson
purchasing ribs vigorously. Notwithstand-
ing this ribs were the only product which
closed ahead of yesterday, and their advance
was only pa cents. Pork was 20 cents to
27l2 cents lower and lard 712 cents behind.
Grain inspected as follows: winter wheat.
IL; spring, 6; corn, 259; oats, IS; rye, l3;
barley, 1.
THE QUOTATIONS.
The leading quotations ranged as follows:
Nheat-No. 2 August opened at see clos
ing at S2l2c: September, S2l2c, closing at
s3c; October .S3c, closing at S35sc;
May, SSs4c, closing at S9$sc Corn-No'
August opened at 46c, closing at 457sc;
September, 455sc, closing at 455sc October
445sc, closing at 44s4c: May, SOC, closing at
oJc: Oats-No. August opened at 25lsc,
closing at 25Lc: September. 244c, closing
at 24ssc; October, 21lsc, closing at 24lac
Mess Pork. per bbl-August opened at S13. 80.
closing at $3.50; September, S14. closing
at S13.92l2; January, $3.50, closing at
S12.S5: Lard, per 100 lbs - September
opened at $3.50 closing SS 77I2; October.
SS.75, closing at SS75; january. 81. .62I2,
closing at S7.65. Short Ribs. per 100 lbs
August opened at $50. closing at SIS. 90:
September, SS.l2A, closing at $500;
October, SS.l2l2, closing at SS 80
Cash quotations were as follows: Flour
Firm and unchanged. Wheat-No 2
spring. S2A@S2l2c; No. ) spring. 76M79c:
No. red, S6I2c. Corn-No. 9, IS ls6l 46Isc.
Oats-No. 2 new, 25a4c Rye-No. 2. 47Is@
49c. Barley-No. 2, SOC; Flax Seed
No. l. Sill. Prime timothy seed. 50.
Mess Pork-Per Dbl. S13. .9O@I395. Lard
Per 100 lbs, SS.72l2. Short ribs sides
Qoosel, SS.15@S 90; shoulders. dry salteu
(5oxed(, eSS7a;40@7;5o; short clear sides
(boxed). SS.9009.25. Whisky. distillers' fin
ished goods, per gal, 81 20. Sugar-Cut loaf,
S5sc; granulated, 77s0sc; standard a.
5hc. Receipts-Flour. 10000 bbls; wheat
10000 bu; corn. 172, 900 bu; oats, 1O3-
900 bu: rye, 5000 bu. Shipments-Flour.
10000 bbls; wheat, 1000 bu: corn. 1877
600 bu; oats, $4,000 bu: rye, 5000 bu.
On the produce exchange to-day the but
Ter market was quiet and unchanged, as
were also eggs