St. Paul daily globe., 1888-08-27
The COMMERCIAL RECORD.
EuIIs and Bears Have a Fussie and
Prices Undergo Shrink
age.
Pork and Ribs Advance a fraction
Lard Going Down With
the Grains.
Financial Operations in the Money
Centers - The General
Quotations.
Special to the Globe.

CHICAGO, Aug. 25,-Wheat opened about
2c off. The first official quotations were
S9l2c for September and 92c for December.
There was very little trading in December
around the opening above 91l209l3sc,
which was really the market The excite
ment right at the opening was very great,
almost as much SO as yesterday. After some
little hesitation the market advanced l21S4c,
and seemed firm at the recovery, September
particularly so. The principal pressure was
on December, for which Hutchinson was
free seller, as he has been at intervals for a
week. The local market ranged S9la@91c
for September or 9lA092l2c for December.
Fluctuations of s4@114c were frequent,
and the explanations Offered for the
violent churnings were not satisfac-
tory or conclusive. The market was il
state of high nervous eXcstement all day and
subject TO unreasonable and unreasoning
fluctuations most OF the session. The clos
ing rakge was not many removes from the
opening and the inside. The volume of
business in the pit was immense. 1t com
pared favorably in that respect any of
the preceding days of the week. october
wheat went to discount. The corn market
was weak and lower, with only fair bust
hess and mostly on the part of room traders.
several large operators sold freely, and as the
demand was quite moderate the market
went down easily. under this aud other un-
favorable features September selling from
455s to 4t5sc improved a tritle. closing with
September lSSc lower and May about 5sc.
Oats Joined III the procession led by other
cereals, and ruled dull and lower. with only
fair trading all along the line at Il decline of
4GSsc in most futures. This month sold off
10 247Sc. with September and october weak
throughout and May in fair demand when
prices had settled to about 2Sl2c.
In provisions the days trading. all told.
was only moderate. Lard suffered u limited
reaction from Yesterdays sudden advance,
but for pork the closings showed an appre
ciation of 10@l2t2c, and for short ribs of
12I2015c. The decline in lard was only sc.
The best prices obtained for short ribs and
pork prevailed just previous TO adjournment,
and for lard around the opening. September
and October were. as usual, the most active
deliveries.
THE ROUTINE REPORT.
CHICAGO, Aug. 2o.-There was a badly
mixed market on wheat to-day. Prices
bobbed about, according to the feeling of the
crowd. without any apparent good reasons
for the actions and reactions The easy
cables early caused wheat to open about l l2c
lower. a large share of the trade ready was
for the reaction. In opposition to this
element were the bulls, who took hold not to
let go. These elements waged war all day,
with the sentiment bullish one hour and
bearish the next, but with prices tending
gradually lower except for one or two
strong rallies. Shortly before the close prices
were off 1s4c for September; &c for October
and 214c for December. There was more
caution about selling September short and
it was easier to sustain. September sold au
S9lac, up to 9LSSc. down to 9014c. up to
9Ol2c and back to S9s4c: October sold be-
tween S934c and 907sc. Wheat closed fairly
firm, about 1Slc under last night. There
was a fair speculative business in
corn, the feeling developed being
weaker, and transactions were within a
lower range of prices. The influences affect
ing the market were mainly local, the chief
of which were the easier tone of wheat and
the heavy receipts Market opened l2c
under the closing prices of yesterday, sold off
in all l@1lSc, reacted some and closed lao
1I2c lower on the nearer futures, and 1205sc
on the more deferred deliveries. Oats
were easier; some shrinkage in
values for cash and all deliveries
occurred. The weakness of corn was
to some extent influential i'll bringing about
this change, but the demand for oats was
also quite tame. There was 140i2c decline
i'll prices. Fluctuations i'll provisions were
again within narrow limits ana there was not
much i'll the market throughout. October
pork closed at the top, SI4.05, an advance
of 12l3c per bhl over last night, and r:bs at
$40 makittg the same gain. Lard rested
at S9.27l2 Tor October, &c lower than yester-
day.
THE QUOTATIONS..
Wheat-No. =, August, closed at S93sc:
September, opened at S9L2c, closing at S93Ic:
October, opened at 904c, closing at S9lac;
May, opened at 95l2c, closing at 95c
Corn-No =, August, opened at 455sc clos
ing at 44S4c: September opened at 455se,
closing at 4454c; October opened at 455sc,
closing ct 44s4c; May opened 4014c, closing
at 40lsc. Oats-No. 2, August, opened at
25l2c closing at 25c: September opened
at 245sc, closing at 24l2c; October opened at
24s4c, closing at 24l2c: MAY opened at
August closed at S13.05; Septe m Der
opened at S13 S2la, closing at SI3.95 !;
October opened at S13. 90 closing at S14O5;
January opened at S13.1212, closing at
$500. Lard, per 100 lbs-August, closed
at $3.50: September opened at $3.50
closing at .S9.27l2: January opened at
S7.75, closed at S7.75. Short Ribs, per 100
1bs-August, closed at SS.37Ia: September
opened at $500, closing at So. S.37I2: Oc-
lOber opened at SS.25, closing at $40
January opened at S6.7O, closing at Sc. 20.
firm and unchanged. Wheat--No. 2 spring
$3.50 S9sSc; No, 3 spring, S2@S5c; No. 2
red. 9114c; Corn-No. 2, 44s4c; Oats-No.
2, 24S4c. Rye-No. 2, soc. Barley-None
Seeds-FlaX, No. l, S1.26: timothy. prime,
$1.s0. Pork-Mess. per bbl, S13. .92l2@1 8. 90.
Short, sides Qoose). IS 35@S. .37l2. Shoulders
clear sides, boxed, SIS 5000. Whisky-Dis-
tiller's finished goods, per gal, S1.20. Re-
ceipts-Wheat, 81. 664 bu; corn, 174, 5S9 bu;
oats, 1925 bu; rye. S,755 bu; barley,
corn, 161.6 sos bu; oats, LA, $50 bu: rye,
2,504 bu; barley, 4,042 bu. On the produce
exchange to-day the butter market was and
unchanged. Eggs firm; nothern, 1412015c.