St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-27
The COMMERCIAL RECORD.
Sensational and Heavy Trading i'll Wheat
Causes a Slight Sagging OF
Values.
Corn and Oats Tumble in Sympathy,
Provisions Being Quiet and Unin
teresting.
Financial Operations in the Monetary
Censers---The General Quota
tons.
Special to the Globe.

Special to the GloDe.
CHICAGO, Nov 26-It was not until the
visible supply figures were posted shortly be
fore l o'clock that there was anything like
excitement in the wheat pit. The market
opened with little May wheat for sale, which
enabled few holders to put the price up to
S1.Osss. December opened steady at $l.05,
but went off at once and sold at Sl.02s4, and
back to 81 O3Ss@1 .03sA during the forenoon.
May tumbled down also few minutes after
the opening and went to 81 .07l2, the bottom
for the session the first hour. Bold bidding
and some buying caused a rally OF about &c
before noon. The visible supply figures came
in slow, and about u 80 1t looked as if there
would surely be q decrease of about
100000 bu, when an increase of about $50
900 blu was expected. On this belief the
crowd wanted wheat bad for fifteen minutes,
and the price went up lie and touched
81 .O9lsc, the outside for the day, &c from
the bottom and lie over Saturday night.
" hen the board went up with the official
figures it showed an increase OF 10000 bu.
Then there was little panic to sell, and the
price went off again to 81. 075s as quickly as
it went I'D. 1t was then ! p. H., and the
crowd rested after the double furry, and on
the dizziness the price went still lower to-
ward the close. Receipts and ship
ments cut little figure. The trad
Ing was professional and sensational. The
weakness of the last half hour, in
wheat carried May wheat back to $1.07$S. or
within &c of the bottom. There was q
slight rally to S107ss at the close and the de-
cline for the day was just i2c. The feature
of the corn market was the letting down in
the price Of November. The price for the
month has of late ranged from &c TO Be over
December, and the demand for cash and the
month has kept futures firm. This morning
November opened lac lower, sold down to
37I2c, back TO 3Sc and closed at 3712c. or
5sc under Saturday. December sold at 371sc
early down to 365sc, up to SIC, and closed
at 3G5sc, or 34c lower. May closed at 3sl2c
Receipts were 962 cars, including Sunday
inspection on the 20" Provisions were
quiet and uninteresting much of the time.
Hutchinson was moderate seller. but indi-
vidual transactions were not important Jan
airy lard closed at SO. DOLE. and May at $40
January pork sold at S14. 47l2@14. 6212, clos
ing at S14.50. The last figures of the day
were at or near those of Saturday. Oats
were fairly active for May. and ranged lower
closing sS@I2c lower for futures. Receipts,
160 cars.
THE GENERAL QUOTATIONS..
Wheat-No. 3 November closed at ST. 02l2;
December opened at S1.O5, closing at
S1.02l2; January, 81 04. closing at S1.02TS
May, $I.08, closing at 81 .e63s. Corn-No. ,
November opened at 3Sc, closing at 37I2c;
December, SIC, closing at 365sc; January,
3Gssc. closing at 36ssc; May, 3Sssc, closing
at 3Slac. Oats-No. 2 November opened at
264c. closing at 26Ac; December, 26Ae,
closing at 26ssc; January, 26s4c, closing at
26s4e; May, 30ssc, closing at 3Ussc. Mess
Pork Per Bbl-November closed at $14.l5;
December closed at S1445; January opened
at S1460, closing at $14.50; May. S14S1l2.
closing at S14.77la. Lard Per 100 Lbs-No-
vember opened at $3.50. closing at $3.50:
December. $9.37la, closing at So. 37l2; Janu-
airy, So. 27l2. closing at So. %; May, SS.47l2,
closing at $40. Short Ribs Per 100 LBS
Jas ~ ays Spene q ea c Sat5 e9sag
Cash quotations were as follows: Flour
steady and unchanged. Wheat, No. spri ne
SlO2@1 .021a; No. 2 spring. 95@95c: No. 2
red, 81 .020l. 02l2 Corn-No. 2, 375sG137a4c.
Oats-No. 2. 2614c. Rye-No. 2, 53c. Bar
ley-No. 2. 7Sc. FlaXseed-No, L. S1.52.
Timothy Seed-Prime S1.53@154 Pork
Mess, per Dbl, $14.5O@14.6O. Lard-Per 100
lbs $3.50. Short Ribs--SIdes (loose), s.. As
@7.65; dry sailed shoulders boxed, $7.37l2
GE7.50; short clear sides (boXed), SS@S. 1912.
WhisKy-Distillers' finished goods. per gal,
S1.2O. Sugars-Cut loaf, SA6S12c; granu-
lated, 7l2c; standard A, 714C. Receipts
Flour. 5000 bbls; wheat, 10000 bu; corn.
274, 900 bu; oats 109, 900 bu: rye. 1900
bu; barley, $4,000 Blu. Shipments-Flour,
$4,000 Dbl; wheat, $4,000 bu: corn, o76,-
600 bu: oats 10000 bu; rye, 5000 bu; bar
to-day the butter market was steady and firm;
Elgin creamery, 33@25c; choice Western,
30@33c: choice dairy, 22626c; common to
fair, 16@2lc. Eggs steady at 2l@22c.