St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-01
The COMMERCIAL RECORD.
Old Hutch Tries to Bear Wheat, But Big
Bulls Bglge 1t Just the
Same.
Continuation Of the Bear Movement in
Corn, Oats and All Manner of
Provisions.
Financial Operations in the Monetary
Ceniers---The General Quota
tons. IL

Special to the, Globe
CHICAGO, Nov 3O-There was quite
spirit of manipulation in wheat here to-day.
Thetrading was not of heavy oFderSs1at
there was some pretty big bidding apo q |
pretty close action among the bullssas on-
posed TO Hutchinson. There was sDuiiisn
talk on The curb, but when trading begah on
the floor very many who went home ioIEsin
wheat Wednesday thought it safe to reafize
before trusting TO the action of the market ]
for the day The rest was general selling,
which sent the price of May off Zee at
Sl.09ss. December went from $1c4l2 to
Sl.o3ts. Then there was "a reaction to
Sl.1Ola for May, drop to Sl.O97s. Hutch.
inson was against any advance. The crowd
determined to push prices up. New York
advices wer g very bearish, but the news
from the Northwest was more encouraging.
1t was about 1890 p. m. when the con-
certed action of the bulls. big and lutte. put
May from Sl.10 to Sill i'll very lew
minutes. Receipts were 20 cars, Including
inspection Yesterday ON the st. Paul. Wheat
kept on bullying slightly on the bidding by
the crowd until minute before the close,
when May touched S1.1114 for one trade.
Then the price went=off to 81. 1913 to close.
The trading in corn was continuation OF
Wednesday The holders are gradually get
ting unloaded and the shorts are taking the
stuff at the comparatively low figures. There
was some strength in May just before the
close, and that future, after wavering be-
tween 377Se and 3Se all morning sold at
3Sl8@3SAc, closing at 39lsc. or 4c higher.
Receipts were 6SI cars. Charters to-day
were for 5000 bu. There was little done
in oats for future delivery. There is a lulll
the interest recently shown in this cereal.
Receipts were 155 cars. There was con-
tiiuation to-day of the bear movement III
provisions lnaugurated earlier Ill the week.
On nearly the whole list of speculative
articles prices declined quite sharply, though
mess pork showed the greatest weakness.
The decline was steady and uninterrupted.
with reactions few and feeble. The days
actual amounted: to -2l2@27lac in mess
pork, 12l2c in May lard, aid loo in short rib
Sides Trading was to a large extent local,
free selling of pork by Armour and good buy
ing by Hutchinson and Baldwin being the
principal feature.
THE ROUTINE REPORT.
CHICAGO Nov. 3U.-News from the North
west was bullish, but there was too much
wheat tor sale and there was sharp break
from the advance Of Wednesday with par
tial recovery later in the day. The feeling,
however was unsettled, aid operators little
mixed as to which course TO pursue. The
opening of the market was a shade easier
than Wednesdays closing, and the feeling
soon became quite heavy under free offer
ings. Operators had gone home long on
Wednesday and with signs OF weakness to-
dav, commenced to realize, and there was
genera pressure to sell. The result was that
prices declined here lac. Following this
. decline, the demand improved, sanu
with less pressure to sell, prizes adyaaecd ;
15ac with slight fluctuations, ana the cldsRtS
was lac lower than Wednesday. Corn was
Ix- artd a
veloped was again easier. Opening sales
were a trifie below the closing figures of
Wednesday, with offerings quite and Hlees
declined sSc, reacted Vac, and closed fSWl4c
lower than Wednesday. There was very
little outside support 10 the market and the
local demand was confined largely TO cover
ing by shorts considerable long prop
erIy being offered. Prices for future de
Iiveries of oats tiuctuated 14c and closed at
about Wednesday final figures @ ute an
active speculative trade was reported IN mess
pork. The feeling was greatly unsettled and /
prices ruled very Irregular. On the whole,
, ranged q reduction of 4U@45c was submit (
ted 10, though near the close more stead !
mess prevailed. and prices rallied 5@1uc /
Considerable interest was manifested IN
lard. and the feeling was weak. Prices /
advanced slightly at the opening. but the /
market weakened quickly and prices re-
@5e. and closed steady Trading was quite
active in short ribs SIDES and the feeling was
unsettled. Prices ruled irregular ana de-
clined l5@2Tiac and closed comparatively
steady.
THE aE sRAI. QUOTATIONS. =
Wheats-No. 2 november closed at 81. 04Ss;
December SIu4as, closing at .o4Sl; Jan
uary, S1.o6is, closing at Sl.t5zs; May,
S1.l1ls, closing at 81. 1els. Corn- N .;
December, soc, closing at 30 7sc; January,
$3.50, closing at 357sc: May, 577sc, closing
at 3Slsc. Oats-No. 2 December opened at
26c, closed at 26Ac; January opened at 26c.
ing at 5 lac. Mess Pork Per Bbl-November
closed at $l3. 60; December closed at 1880;
January opened at Sl4.U7i2. closing at
$3.50 May. $l44O, closing at Sl4.o7l2:
Lard Per 100 Les1Noy nandns opsnea ~, at
closing at $50; January, Ss.o7i2. clos
ing at 1872; May, S5.17ls, closing at
SS.O7 Short Ribs Per 100 Lbs-January
opened at S7.17l2. closing. at S7.O1l2:
Cash quotations were as follows: Flour
nominally, unchanged. Wheat-No. 2 spring,
S1.04@1.O4$s No. 3 spring. 9o@96c: No.
red, S1.u4@l.e4ss. Corn-No. 2, 35a4e.
Oats-No 2. 261s0t264c. Rye-No. 2, SIC. ,
Timothy Seed-Prime, $3.50. Pork-Mess, j
per Dbl, Sl3. 37Ia@l350. Lard-Per 100
lbs, S. 15 Short Ribs--Sldes QoOse}, $40
1873: short clear sides boxed. s.. 62l2@
7.75. WhisKy-Distillers' finished goods. per
gal, S12O. Sugars-Cut loaf, ,SA0Slac;
graduated, 7lac; standard, A. 7l2c. Re
ceipts-Flour 5000 bbls wheat, 5000 bu;
5000 bu; barley. $4,000 bu. Shipments
Flour, 14,0uo Dbl; wheat. L 900 bu; corn,
I63 900 hu; oats, $4,000 bu; rye, 5000
bu; barley, 1900 bu: On the produce
exchange to-day the butter ter market was
Western. 33036c; choice dairies, 3o@33c:
common to fair 24@25c. Eggs steady at .