St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-07
The COMMERCIAL RECORD.
Scalpers Take Hold Of the Wheat
Market and Bear Prices Full
Point.
Corn and Oats Slow and Easy, Ali
Manner Of Hog Products Closing
FraGtionally Higher.
Financial Operations in the Monetary
Centers-.-The General Quota
tons.
Special to the Globe.

Special to the Globe.
CHICAGO, Dec. 6.-Wheat at p m. was off
Just l1sc from the close last night and the
crowd acting quite bearish and the pit quite
active. The tendency was downward from
the opening. but the forenoon brought two
or three good rallies. The course of May, in
which most of the business was done, was
zigzag. The opening was at Stills, the out
side for the day. The first dip was to $1.l05s,
and after returning to Sill, sold off to
S1.10I2. After another rally to S1.10S4, the
price went off after 1890 to S1.i0lS, and
after pause, dropped TO Sl.097s. AT out
side markets there was slight bulge from
opening figures, except at Duluth, but prices
soon turned downward with Chicago. The
receipts at primary points were moderate,
and at this point there were but twenty
three cars, with only three cars of contract
grade. There was little outside business,
with scalpers very busy, and the market
easily Influenced by the leading professional
traders. The weakness in wheat took the
price of May to S1.105s with Nc reaction at
the very close, leaving the closing for the
day at 81 .097s, or lac under last night The
corn market started quiet, but with strength
enough to put futures fractionally
higher than last night. AS the strength
in wheat helped corn toward the
close, SO the weakness in wheat
dragged corn down later to-day.
The cash and shipping demand keep up
fairly well. December sold from 3514c up to
35l2c, and closed at 35$Sc. January sold at
355sc to 3534@357sc closing at 354@35SSc,
or lac from the outside. May opened at 3S1sc
and closed at at sc. The receipts were
below the estimate at 272 cars, with but
cars of No. 2. Out inspection was but 81, 900
bu. One vessel was chartered for Go 600 bu,
at 434c to Buffalo. Oats were slow and easy.
Scalpers sold quite freely early on the large
receipts, which were 90 cars greater than the
estimates; expectations for to morrow were
also heavier Prices for May declined $50
14c. Hutchinson bought on the decline and
prices advanced to the opening figures. May
ranged at 29SS@ 297sc, and closed at $3.50
29lac. The provision trade was active.
Prices started sc higher for ribs and lard, ard
Zoe higher for pork. Then there was slight
advance, as on previous days before the call,
by which JANUARY pork went to $3.50. The
receipts of hogs were Disappointing and on
the call considerable strength developed.
January pork went to $3.50, ribs to $40,
lard to So. 10 for the same month. Closing
prices for January were $40 for ribs,
$s.17l2 for lard and $l3.67l2 for pork, an
advance in pork OF 25c over last night.
THE Gil NERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, December opened at S104,
closing at S1.03l2; January, S1.05Ss, clos
ing at S1.04l2; May, 81, 11l8,. closing at
$1.o97s. Corn-No. 2, December, opened
at 35l2c, closing at 355sc; January, 35Bc,
closing at 35Ac; May, 3Sc, closing at 377sc
Oats-No. December opened at 25s4c, clos
ing at 25$4c; January. 26Ac. closing at
26lse: May, 29l2c, closing at 29l2c. Mess
Pork. Per Bbl-December opened at 81 3.57l2;
January, $3.50, closing at $13,67I2: May,
s13.97l9 closing atS14.07l2;a Lard, Per 100
at S5.25; January, $3.50 closing at $S.07l2;
May. IS, closing at So 17l2. Short Ribs, Per
100 Lbs-January opened at ST02I2. closing
at $40; May $3.50, closing at 1925
Cash quotations were as follows: Flour neg
lected, but steady and unchanged. Wheat
No. spring S1.0311. 03A; No spring.
s7@97e: No. 2 red, $1.o3@1;o3A; Corn
Rye-No. 2, 5ol2c. Barley-No. barley,
nominal. Flaxseed-No. i. $152I2. Tim
othy Seed-Prime. $3.50. Pork-Mess, per
Dbl, Sl35U@13 .62l2. Lard-Per 100 lbs,
$3.50. Short Ribs--SIdes Qoose), 81. 10@7 20;
dry sailed shoulders (boxedl, S7@7. 12l2;
short clear sides (boxed), $7.5O@7.62l2.
WhisEy-Distilers finished goods, per gal.
zl2c; standard a. 7Ae; Receipts-Flour,
10000 Dbl; wheat, $4,000 bu; corn, 19S, 900
bu; oats, ISL. 900 bu: rye, 1900 bu; barley,
5000 bu. hpments-Flour, 5000 Dbl;
wheat 10000 bu: corn III, COO bu: oats.
261 900 bu; rye, 5000 bu; barley, Ga, 900
bu On the produce exchange today the but
ter market was easy; fancy Elgln creamery.
@27c; fair to good, lSQ2lc; eggs easy, 209
Ole