St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-13
THE COMMERCIAL RECORD.
Notwithstanding the Unsettled Feeling,
Wheat Experiences Fractional
Advance, Closing Firm.
Corn, Oats and Hog Products Easy,
With a Downward TeI-
dency.
Financial Operations in the Money
Centers---The General Quota
tons.
Special to the Globe.

Special to the Globe.
CHICAGO. Aug. 1.-THE government report
Showing an estimated decrease of SO per
rent in the crop of spring wheat came to the
support of the bulls this morning and Sep
TENDER opened at Sic, an advance of 1lsc
over yesterdays closing price. The leading
bulls say that to this reported decrease must
be added the damage done since the LIST,
which is very large. The bears pretend 10 be
equally pleased with the report, for they say
that the average is S7.3 as against 7S.4 ON
August of last year. The opening bulge to
Sic was not sustained and the price fell TO
soc, but at 1880 it was S3Ssc. At first the
crowd was disposed TO bull on the govern
ment report, but it would never have kept it
above S3c solely on that ground if Hutchinson
had not come forward and steadied the market
by taking literally of September at S3c
and Whereabouts, to cover up his early sales.
In spite of this the price ran down 10
S27Sc and stuck again at S3c for long
while. Corn opened with general selling by
the crowd, which Stauffer led. A large line
of September was disposed Of by Adams at
44l4c to r. w. Durham. The sustaining
power was represented by the purchases of
Rumsey, Milmine, Bodman Il Co., and Nor
ton & Worthington. The market sagged again
when Boyden and Ream both unloaded good
1Illt VI NcIlSLUbCI vi tIOMu IL WIS ali
off day with provisions, with a general decline
of prices all around. The Anglo American
company were large sellers of lard. One mil
lion of ribs was bought by Stewart. The esti.
mate for hogs Monday was $4,000; next
week $4,000.
THE ROUTINE REPORT.
CHICAGO. Aug. 1l.-Wheat was fairly ac-
tive. with the greater portion of the business
transacted during the early part of the SEES
SiOn The feeling unsettled and while
prices ruled considerably higher. the advance
was not sustained. The opening was decid-
eddy strong, and prices 7s@11Sc higher than
closing figures on change yesterday. This
advance was due to the government crop
report. But the advance brought
out some free realizing, local
trader selling freely, which induced
Others to sell. and a weak feeling set in,
prices declining sac. Then later On the
Tumor that q supplementary report had been
issued by the agricultural department.. max
ing the yield of spring wheat larger than the
figures of percentage would indicate, helped
to further weaken the market and prices de-
cllned l2c more. There was slight recovery
from inside prices, and the market closed
about isM4c higher than yesterday. Corn WAS
active. but weak and lower. Offerings were
large from all sources. which demand was
limited TO wants of local shorts Opened
shade better than yesterday, but soon ruled
weak. declining i'll all 1SSc, ruled steady and
closed 340115sc lower than yesterday The
weakening features were the heavy receipts
and the government crop reports. Oats
were easy, with a tendency downward, and
closing prices show a decline all around.
Quite an active speculative trade was reported
in mess pork, and prices ruled with consid-
cradle irregularity. Opening sales were made
at 60DIl2c advance, but the market soon
weakened under the pressure TO sell, and
prices declined 30035c. Later the demand
showed some improvement and prices raj
lied 15@20c and closed comparatively steady
Lard was in light request and slightly irregu-
lar, closing about 2l2c under Yesterdays
closing figures. fairly speculative and
active trade was reported in the market for
short ribs. AID prices OH the whole range ex-
hibited a little Improvement, though fiuctu-
ating considerably.
TIE QUOTATIONS.
The leading quotations ranged as follows:
Wheat-No. August opened at S334c. clos
ing at S25sc; September, Sac, closing at
s2@c; October, s4Ssc, closing at s3l2c;
2 August opened at disc, closing at Ale;
September, 454c. closing at 1880; October.
444c, closing at 43l2c: May, 3S$4c, closing at
SS4c. Oats-No. August opened at 25l2c,
at 24l4c; october, 245sc, closing at 24$sc;
May, 277sc, closing at PRISE. Mess Pork, per
bbl-september opened at $3.50, clos
Ing at $3.50: October, opened at S13.65,
closing atS12.70. Lard, per 100 lbs-Au-
gust closed SS.62i2; September, opened
at SSG7l2, closing SS.65; October, $3.50,
CLOSING at SS.Oo: January. 81 .oO, closing
at S7.55. Short Ribs. per 100 lbs-Septem-
tember opened at Ss.05, closing at
SS.07l2; October $500, closing at S8O7l2.
Cash quotations were as follows: Flour
Firm and unchanged. Wheat-No. 2
No. 2 red, s5l2c. Corn-No. 2, 44aS@44l2c
Oats-No 2, 25c. Rye-No. 3, 47l2@y47$4c.
Earley-No. 2, nominal. Flax Seed
No. ], S1.14. Prime timothy seed. 81 93@
e. Mess Pork-Per bbl. S13.5O@ 1860.
Idrd-Per 100 lbs So 60flS 62I5 Short
ribs, sides Qoosel, S7.95@S; shoulders. dry
salted (boXed), S7.40@7.5O; short clear
sides (boxedl, Ss.7O@9. Whisky. distillers'
finished goods, per gal S1.2O. Sugars-Cut
loaf Unchanged: graduated, unchanged.
Receipts-Flour, 10000 bbls; wheat 50, 600
bu: corn. 1S5, 900 bu; oats, $4,000 bu; rye,
1000 bu! barley, 5000 blu. Shipments
Flour, 10000 bbls; wheat ZIG, 200 bu;
corn, $4,000 bu; oats, 2S300O blu: rye,
1000 bu. On the produce exchange to-day,
tine butter market was steady; extra cream
cry, lS@1Sl2c; firsts, 14l26G15c; fancy
dairy, 150i6c; frsts, 12@1512c.