St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-10
The COMMERCIAL RECORD
Bulls, Eaving Fad Their Inning, Dump
Their Holdings Upon the
Market.
December Wheat Says Seven Points,
Other Cereals and Hog Products
Following Suit.
Financial Operations in tie Monetary
Centers---The General Quo
tati0ns.
Special to the Globe.

Special to the Globe.
CHICAGO. Oct 9.-There was further sur
prise in store for the speculative trade this
morning, but il lost half its force because 1t
was in the same line as yesterdays transac-
tons. The situation in wheat was weak. ard
everything else was easy. The decline in the
value of wheat was hot break-it was sim
ply cFumbling away of hastily made prices.
December, which closed at S1.1Ss4 lastnight,
opened at SLY, and the deluge OF long
wheat let go in the pit put the price down to
SI.15. There was pause at that figure and
on Il second soft place before noon the price
went down TO S113sI, from which there
was rally of lie or more, when the price
again declined, touching S1.12l2. From this
point there a rally to SLIM, but at 1 p. m,
fifteen minutes before the close, December
was at 81. 1912 a second time, and before the
close it eased off another cent and closed at
the lowest points of the day, with December
74c under last uight and 1Ol2c off frC N yes
terday morning at Sl.1l12. Primary re-
eeipts were 535, 900 bushels. Receipts here
were 172 cars. Wheat was weak all over the
country to-day, because ii was generally re-
garded too high. 1t was particularly weak
here, because the manipulators who checked
the decline Monday did not see fit to hold up
the ludEhSl lOlSCl. anu tONoA9O NV
bear party long of wheat let go freely.
The wise ones say that the Fairbanks
holdings of wheat were let go to-day through
Schwartz, Dupee and Others. Hutchinson
was seller most of the time. Jones, Ken
nett and their followers were sellers. These
things made an army of sellers. Except the
first two minutes this morning the pit was
not greatly excited. The trading was not
great in volume and was largely by profess
SIGNALS, TO whom the decline is not surprise
or misfortune. Much of the wheat closed
out was gathered in below 81, and The only
scared sellers were the tailers who took
wheat after it reached SI.15 and SI.lS on
the way up and failed 20 close out at the top.
There was no strong rally after any of the
dips The corn market was less disturbed
to-day and there was a gradual settling in
prices Receipts were 626 cars. with 49,
for Wednesday. November started at
447sc touched 45I8c twice during the
morning, and closed 34c lower at I4l2c. Oats
were weak, in sympathy with other grains.
The receipts were large. 347 cars. with $50
cars for Wednesday. The decline was 1I2c
for November, and less in other futures.
Hogs are coming forward more freely than
for some time receipts to-day reaching 49,,
600, the market being lower in consequence.
This together with lower wheat and corn
markets was too much for provisions 10
stand up under and, with some unloading of
long property, values were on the down
grade. January pork opened at Sl4. %, or
sc lower than yesterdays close, and dropped
off steadily till S1425 was touched, the low
est price of the day. The close was at
S1427I2 a decline, as compared with last
night, of 42l2c. October closed at SIS and
November at S1435, loss of 37I2G5Oc.
November lard sold down TO IS. 92l2, closing
at that, decline OF 25c. October and Janu-
airy closed I569Oc lower. Short ribs lost
57Iac on October and zoe on the January
option.
THE ROUTINE RETORT.
CHICAGO, Oct. 9.-There was fair trading
In wheat on speculative account at lower
and irregular prices. Sentiment to some eX-
tent has changed 10 the bear side, and there
was more general disposition 10 sell. Local
traders sold freely. and the buying was cred
tied to Il considerable extent 10 outsiders and
to parties who had sod yesterday or early
this morning, and had profits in their Trans
actions. But the feeling was unsettled and
fluctuations again covered wide range.
The decline from yesterdays outside point
was 10l2c. The opening was 134@2I2c
lower than the closing figures yesterday. and
declined irregular at 4I64I2c more, rallied
lac, and the closing was TI4e lower
ludH AeSl-TudN. Livery ucCliut Oh lile
down turn was met with stop or
ders," which helped TO depress prices.
There was only moderate speculative trade
in corn, transactions beng mainly of a local
character and fluctuations limited to 5SdS4c
range The feeling was generally steady
considering the weaker tone developed in
wheat.
Lard was weaker and prices declined 2I2
G20c. on free selling by longs Tracing
was fair and mostly for November and ,Ianu-
ln1i ril, Sfl
moderately at a lower range of prices
Operators were more disposed to sell than
buy. Prices opened zoe lower for October
and declined 42l2c more: January broke
22l2c, a small rally followed the depression
but the market closed quiet and steady.
THE GENERAL QUOTATIONS..
Wheat-No. 2 october opened at S1.13l2,
closing at 81 oslo; November ST. I4I2, clos
ing at S1.1014; December, SLY, closing at
SL11I2; May, 81 .17s4. closing at Silica
Corn-No = October opened at 44l4c. closing
at 4414c; November, 447sc, closing at 44I2c;
December, 4O7Sc, closing at 401sc; May
39s8c, closing at 39$Sc. Oats-NO. October
opened at 24c, closing at 237Sc: Novem.
Der, 24Ssc, closing at 24Ssc: December, 251lc
closing at 25c; May, pc, Gle sing at 2S7sc
Mess Pork, per bbl-October opened at
$15.47l2, closing at SIS; November. SLIGO,
closing at S14.35; year, S1440, clos
opened at $500, closing at $3.50, November.
50, closing at SS.92l2; December, SS.32l2,
closing at ss,25; January. $3.50 closing at
October opened at $500, closing Us at
SS.52l2; January, 1879 closing at 81. 22I2
Cash quotations were as follows: Flour
firm and nominally unchanged; patents,
S7.25@7.5O; bakers. 81 60G465; choice.
$5.l0Q5. 30; winter, S. 1906 Wheat-No2
spring, Sl.05@I.OSl2; No. ) spring, 956.
CSC; No. Cred, S1.0S61 .OSI2. Corn-No. ..
44Ac. Oats-No. 2, 23s4@24c. Rye-No =,
soc. Barley-No 2 nominal. Flax Seed
No. L I.41l2. Timothy Seed-Prime, 81 so.
Porll-Mess, per Dbl. SIS. Lard-Per 100
lbs 50. 80. Short Ribs-Sides Qoose). $500
$50. Shoulders-Dry sailed OboXed), So S7I26
8. Sides-Short clear sides (boxed). 50. 1910.
Whisky-Distillers finished goods. per gal,
81 90. Sugars-Cut loaf, S12@S5sc: granu.
lated, 77s07I2c; standard A, &c. Receipts
Flour. Jos, 900 bbls wheat. 90, 900 bu; corn,
$4,000 bu: oats, 246.OO0 bu; rye, 23O,OJO
bu; barley, 100, 600 bu. shipments-Flour,
10000 bbls; wheat a, 900 bu: corn, 15I,-
OO0 bu; oats 10000 bu; rye, 10000 bu;
barley, $1,000 bu., On the produce ex-
change to-day the butter market was firm
and UNCHANGED; eggs steady; choice north
ern, 1Sl20l9c.
= "A kIEVAID0Dr oNN