St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-26
THE COMMERCIAL RECORD.
Bic Dealers Turn Bulls and Give
The Wheat Market
Boost.
Corn advances in Sympathy, Oats
Unchanged Hog Products Tagging
Under Heavy Sales.
Financial Operations in The Monetary
Centers--The General Quo
tati0ns.

ecpspiIed-t 10 make stronger feeling i'll lie
grain pits on change carly to- ::y. The buy
ing here and III The northwestern markets
yesterday .,Hs regarded as huge scalp by
Chicago and Minneapolis parties, and 1t was
exucetcd that offerings would lie very liberal
in wheat this morning. They were not. IL
started here IL higher fer December and
fraction higher for May, and The first matt
hour brought lac advance 10 December ana
nearly &c advance to May, taking Doth
futures at nearly the same time to silica.
Beth futures yielded 4 little al the end OF the
hOrr to about Sl.141i. and before Il q, m.
Cn a second bulge. December touched
81. lA$I again end May reached S!.lo. AS
the session advanced the scarcity OF sellers
Of wheat became more apparent. only
those who were lCng and already had Good
profit seemed disposed TO let 60 Linn
SchWariZ-Dupee, Mitchell, Cudahy. anu III
fact, nearly every large Spectator on the
floor, was buying at one time or another ana
all seemed to favor the bull SIDE III their
scalping operations. BY 1850 May was up
to 81. 1913. but rather free realizing by Ream
and few followers eased the market back 10
SI.l5. An hour later. however. ii was up to
Sl.IG. The falling off Of farmers deliver
les in the Northwest was the primary
small. The fgnres for the Burlington
were out. but without them the ear lots were
rs wheat 2G2 corn, 1913 oats. The good
cash and shipping demand was the main
spring of the corn market. At the opening
prices were higher or the light receipts.
Hutchinson was an open buyer. but no one
knows how much he sold under cover. No
yember sCld up 10 42Isc at one time and
dropred back on unloading sales Charters
to-day were light. Oats were quiet and I'M
changed. Receipts, lO3 cars and
5000 bu by canal. Provisions started
out all right this morning, and
pork went mp TO Sl4.7J under buying by
Robson, Boyd and Hutchinson. Then the
market turned, and under free offerings.
dropped to SI4.!O. closing at Sl4.50, or .
cents under last night. Blooms pork was
again thrown overheard. and it was thought
the last Of it had been dumped. November
lard ranged al SS.12l2 to SS.32la, closing
Hcar The bottom at IS. Is. or l7l2 cents lower
than last night, October was finally quoted
at IS. %, or 40 cents under yesterday close.
January ribs sold down to S7.21ls, clos
ing at $3.50, Il decline of Dig cents.
ROUTINE REPORT.
CHICAGO. Oct. 2j.-There was only
moderate trading III wheat to-day. In tact,
The market ruled quiet during most OF the
session. The feeling developed, however,
was decidedly stronger. and the reason as,
signed for The strength was the reported
falling off i'll farmers deliveries III inc
Northwest Some of the local bull traders
were repor.ed 10 be buying and absorbing
The offerings and this also helped to adj
vance prices. especially rs the offerings
were rather light. The opening was mn
settled. somewhat excited. and lsMlc higher
than Yesterdays closing; advanced, with
the Ar.in 3.ta
Der. and 31ic for May above yesterdays
closing. receded some, and closing
2I5G3c higher. Corn was only mod
eratelv active, trading being mainly
OF local character, not mulch OUTSIDE pusl-
ness being transacted. The feeling early i'll
the session Was comparatively 1iTm. the
market showing considerable strength, after
which it eaSed Off some. The early strength
was attributed mainly 10 the moderate pur-
chases of a large local holder, and the partial
reaction was influenced by the estimated re-
CENTS for tomorrow. which are fairly liberal.
Trading was largely i'll November. The
market opened 34c higher than the closing
Drices OF Yesterday. advanced in all 7sc. re-
acled 7sc. ruled Steady and closed hose
higher than yesterday. There was moder-
ate demand for May oats and small i'll
crease in sales of December. Thee
futures were steady, both rang
ing Isc better. Nearby deliveries were
neglected Mess pork was moderately active,
neither buyers nor sellers being eager TO en-
gage in transactions 10 any extent. Late
trade was active, with free offerings. Prices
ruled somewhat irregular. and Tie closing
figures showed 7l2G1l0c decline from those
of yesterday. January attracted most atten-
ton. 4 moderate trade was reported i'll the
lard market and the feeling was easier.
Early a few sales were made at yesterday S
prices but more liberal offerings caused
weak feeling and prices declined 1502Oc:
Later prices rallied 7l20lOe and closed
steady. Trading was only fair in short ribs.
Early the feeling was tirmer at 2l@G0c I'd
vance Later the market weakeI.e ed, and
prices settled back 7l.1 Zoe and closed COM
naratively steady at medium figures.
THE GENERAL QUOTATIONS..
Wheat-No. > October closed 81. 1884 ;
November closed at S1.144; December
May opened at SLIDE. closing at 81. 1874.
Corli-No. = October opened at Al &c.,
closing at 4l3Bc; November, 41ssc, clos
ing at 41l4c; December opened at 39l2c
3S7sc. Oats-No. > october closed at 24l2c;
November opened at 24$4c, closing at
2i5sc; December, 25c, closing at 23lsc;
May, 29l4c closing at 29hc: Mess
Pork. per bbl-NOvember closed at SLATE :;
January opened at Sl1.52l2, closing at
SI45O: May closed at SI4.72l2. Lard, per
100 lbs-October closed ut SS.2J; Novem-
Der opened at $3.50, closing at $50: Jan
nary. Ss.22Ia, closing at S.. l2l2; May
Sc So. closing at $3.50. Short Ribs Per 100
lbs~October opened at $3.50. closing at
S7.G2I2; January. S735, closing at $3.50.
cash quotations were as follows: Flour
Quiet and unchanged. Wheat-No. 2
spring, SI13l2@1. 1884: No. 3 spring, 600
| 9jc: No. red, 81. 1891. 334. Oats-No.
.. 24l2c Rye-No. 2, SIC: Flax Seed.No.
]. SI.57 Mess Pork-Per Dbl, Sl475.
Lard-Per 100 lbs $500. Dry salted
shoulders (boxed), Ss@s. %; short clear
sides boxed, SS.37l2@S.50. Sugars-Cut
| loaf. Sl4@DSl2c; graduated, use; standard
| s -Sec RpCpiDtS-FIOuF 1900 bblS:
| wheat. 57.GO0ubu; corn. 305, 900 bu: oats,
| I96, 600 bu; rye. $4,000 bu; barley. 1900
! bE Shlpments-Flour, 1000 bDls; wheat,
| $4,000 bu; corn, $4,000 bu; oats,
| ia 600 bu; rye, II 900 bu: barley 10000
| bu. On the produce exchange to-day the
| butter market was firm at l9c.