St. Paul daily globe., 1888-08-31
The COMMERCIAL RECORD.
Bulls and Bears Battle for Supremacy,
aud September Wheat Advances
Notch.
Corn Closes Firm, Oats Show Gain
and Hog Products Range
Lower.
Financial Operations in the Money
Centers---The General Quo
tatiOns.
Special to the Globe.

Special to the Globe
CHICAGO, Aug. 30.-When Europe and
America fail to furnish incentives for action
on the board of trade the trade can always
rely on Hutchinson. He began operations
early to-day ON the open board, where he was
a bull of big proportions. The European adj
vices were neither bulish nor beariSh to-day.
Early cables gave a slightly lower tendency
TO British markets, and exporters were either
waiting or selling a little. Prices opened
steady, went off several points on Il raid, and
reacted very strongly on covering by the
shorts created on the break and Hutchinson's
buying of September. That future, after
touching 92SSc, went to 94Ac about noon.
December also started up from 92ssc as a
bottom figure but did not get above 93l2c,
and thirty minutes before the close the fu
lures were 1c apart, with September at 93a4c
and December at 9234c Receipts were 174
cars, with 1S4 for Friday. The corn market
was featureiess. There was slight advance
in prices early for futures, but at the close
they were either steady or but a fraction
over last night The receipts here were
500 cars, considerable below the estimate.
and the cars for Friday were put at 420.
Oats were little disturbed in prices. Closing
sales on future contracts were at Yesterdays
figures. To-day, for the first time for several
days, provisions were noticeably affected by
yellow fever reports which were of a more
serious nature this morning. Pork opened at
S14.05, for October delivery, 20c under last
nights close, and shorts having covered and
the market being without support, further
decline Cf 25c was recorded, the bottom
price being $3.50. There was from this
point gradual Improvement. and the mar
hat ,,o11 II II.
lower for October delivery than last nights
figure. Ribs opened shade lower and lard
Ice cheaper, October option and from first
figures there was a moderate decline. Oc-
tober ribs going to SS. l5 and lard to 50. 35
The former closed at SS.25, or but sc de
cline for the day. while lard rested at 50. .371a,
a loss of 12I2c. There was not large vol
unle of trading
THE ROUTINE REPORT.
CHICAGO. H., Aug. 3O-While all the
other exchanges in the country opened
wheat lower this morning, prices were either
steady or slightly advanced on the Chicago
board of trade. The struggle between the
bulls and bears here was a close and serious
one. The European adviceS were neither
bulllsh nor bearish. Early cables gave
Slightly lower tendency to British markets.
and exporters were either waiting or selling
a little. There was raid early, which took
both September and December from 9354c to
d
94c for Sept amber and 93s4c for December,
By covering ny shorts created on the break
and prominent buying of September. That
future after touching 92SBc, went to 9l12c
about noon. December also started up from
92SSc as bottom figure, but did not get above
93l2c, and thirty minutes before the close the
futures were 1c apart, with September
at 93$4c, and December at 92a4c. Wheat
closed with December ISc lower than
last night, and September at 1c premium,
and 1lSc higher than last night. Early
in the day there was far business
in corn, but later it became more quiet.
There appeared to be a rather firm under
tone, the feeling generally being stronger
and no large lines were offered Opening
sales 14c higher than the closing prices of
yesterday, was easy for time, and sold off
Csc, became tirmer and advanced 5sc, reacted
Ac, ruled easier, and. closed about the
same as yesterday There was con-
siderable changing noticed from September
into October, when they were at the same
ally at slight discount. The main feature
IN oats was 1c advance in August. causing
other deliveries to range 18c higher. The
market later ruled quiet and closed I5c higher
Tor August and 1sc better for other futures
In mess pork an active business was trans
acted at wide, irregular and lower range
of prices. Holders were more disposed to
realize reaasad and fioo6a offered to sell with IN:
buyers were scarce, and first sales
were at 15020c decline. Llrge
lines OF september sold on stop orders at Sl4
were forced out, and holders in many in
stances having to sell at sc below their limit
A reduction of zoe from the opening fol-
lowed when buyers came in and a quick
rally of 3l2c followed. Later the market be-
came excessively nervous and declined 15c,
but rallied 22l2c and finally closed steady
Lard was active but lower opening
at 2l2@7l2c decline, with September
weakest. October declined 15c. An advance
OF 5010 cents. Short ribs were active but
lower, due to reports of an increase in yell
low fever in the south and free selling by To-
cal traders. Opening sales were at 7l261i 2Ia
cents decline, receded 1712@20 cents on the
near by futures and cents OH January
quickly rallied to 20@22I2, receded 56i0
cents, became stronger, and closed at almost
outside figures, but 7I2@12la below those of
yesterday.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. August closed at 93Ssc: Sep
tember, opened at 92ssc, closing at 935sc; Oc-
ing at 964. Corn-No. 2 August opened at
4514c, closing at 40 14c: September, 411sc clos
Ing at 154c; October. 4414c, closing at441sc:
May, 4Olsc, closing at 397Bc Oats-No 2
September, 24$Sc, closing at 24ssc; October,
245sc, closing at 24Ssc; year. 244c, closing
at 24$sc; May, 2S5sc, closing at 2S5sc.
sfG sP9GGkMess, 5o per bb' August closed at
closing at S1420; October, S14O5, clos
ing at S14.1712: January, S13 37l2. closing
at $3.50. Lard, Per 100 Lbs-August,
closed at S9.35; September. 1913,
closing at S9.35; October, $3.50, closing at
S9.37i2. Short Ribs. Per 100 Lbs-August
closed at SO 2712; September opened at SS25
closing at SS.27l2; october, $3.50, closing at
$s.25; January, S6.S5, closing at Sc s5.
Cash quotations were as follows: Flour firm
and unchanged. Wheat-No 2 spring 93A
@936sc; No. 8, s2@sSc; No. 2 red, 934c.
Corn-No. 2, 451sc. Oats-No. 2, 2515c.
Rye-No. 2, 5112c. Barley-No 3, 71c. Seed
No. 1 flax, S1.22@1. %; prime timothy,
Sl.7o Mess pork, per bbl, S14.17ls@14. 90.
Qoosel, So 25@s. 27I2; dry sailed shoulders
(boxed(, S7.50@7. rs; short clear sides
lboxed), S9@9.25. Whisky-Distillers' fin
ished goods per gal, S1.20. Sugar-Cut
loaf, SlS@Sl2c: gI aaulated. 75s@7a4c; stand
ard "a, Il2c: Receipts-Flour. 13, ,964 bbls
wheat. 102, $50 bu; corn, 252. .931 bu; oats.
253, ,055 bu; rye, %. .263 bu; barley. il .640
b4; Shipmcnts-Flour, &c, ,2O4 bbls; wheat.
312,5o6 bu; corn. 213.755 bu; oats, &C. .26O
bu; rye, 1896 bu; barley, 9,125 bu. on
the produce. exchange to-day the butter
market was firm and unchanged. Eggs firm ;
choice Northern