St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-23
The COMMERCIAL RECORD.
Early Active Trading Sends Up the
Price of December Wheat a
Fraction.
Under the Influence of Liberal Receipts
Corn and Oats Rule
Weaker.
Financial Operations in the Monetary
Centers---The General
Quotations.
Special to the Globe.

kpeclal 10 the GlOpc. -.
CHICAGO. Sept. 22.-wheat was strong with
a sensational advance early and a heavier
tendency toward the close on realizing sales.
fables came more encouraging for the bulls.
There was widespread feeling that Hutchin-
son and others were bound to put the prices
much higher. Primary receipts were not
large except at Minneapolis, where they
reached 227, 900 bu. The early advance was
lost later in The session. october, after touch
Ing 94c dropped back to 934c. December
touched 944c and back to 93l2c, ssc over
the close. and May fell back from 97lsc to
o64c, or last nights price. Receipts were
1872 cars. Corn displayed no strength
throughout the session, and all the options
registered q decline, that for September be-
ing Bc, October s4c, December Ac and May
kc. Receipts, 735 cars. What little bust
ness there was in oats showed that the weak
ness was general, and the result Of the days
trading was fractional decline, October 60
ing off 14c, and october and May lsc each.
Provisions were dull most of the time, and
fluctuations, as a rule, were narrow. Lard
was dull and about steady. Ribs closed 1Oc
lower.
THE ROUTINE REPORT.
CHICAGO, Sept. 22.-There was fairly active
trading in wheat to-day, and the feeling was
sales at 146Ssc above yesterdays closing
figures. and advanced s4c more, with only
slight fluctuations, influenced by reports that
the crop of Dakota and Minnesota would De
S3Is less than last year, and 10 per cent ad-
ditional short for loss in quality. After
fairly active trading at the advance, the
market ruled easier. followed by decline OF
sSc. This reaction was attributed
mated receipts for Monday at Mime
apolis was placed at from 500 to 900 cars,
though later advices from there stated that
probably 700 cars might be received, but that
It was all guess work and nothing positive
could be ascertained. At the closing hour OF
The session, the market ruled easy and the
closing was about ssc higher for December
and unchanged for May. A feature OF the
market was the selling Of May within 2ssc OF
speculative trading IN corn ana the feellng
developed much weaker. The influences on
the market were the same as heretofore,
namely the large receipts, with no apparent
prospect of falling off. Transactions
almost centeIed in october, which
all quarters, while little or no demand exist
ed. The market opened quite excited, with
sales at the same TO Ac below the closing
prices Of yesterday, and quickly sold on l20
t3c. reacted but again ruled weak, declining
1Ise, reacted some and closed with Septem-
Der and October 11sc lower than yesterday,
and May 1s04c lower. 1t was said that con-
siderable corn was delivered this morning,
and that this came on the market creating
weakness. The demand for cash was
time tune at t1he discount and this
also had the effect of increasing other
futures. Under the influence Of rather
liberal receipts and the weakness in corn,
oats were weak, closing Nc lower than yes
terday. Provisions were dull most Of the
time, and fluctuations as rule were narrow
October pork sold at SI44O@14.50; January
at SIS. 72IzQ13.s5 closing 7l2c lower than
save for November, which was bid up about
zoe by manipulation. Ribs closed loo
lower for October, and 2l2c lower for JAN
vary.
THE QUOTATIONS.
The leading quotations ranged as follows:
Wheat-No. September opened at CSC,
closing at 94lsc; october, 93l2c, closing at
9S14c; December, 93I2c, closing at 93I2c;
May, 95l2c closing at 96Ac. Corn-No.
September opened at 4ls4c, closing at Ale;
S7I2c, closing at 374c; May, 38ssc, closing
at 3S14c. Osts-No. 2 October opened at
24c, closing at 2312c; November, 24c, clos
ing at 24l2c; May, 2Slsc. closing at 2sc.
Mess Pork, per bblIOctober opened at
SlSs3I9, closing at s13.75; January,
$I3S5, closing at SI3.75. Lard, per 100 lbs
October opened at $1,000. closing at
5000; November 1920, closing at 50 20;
S5oF Ribs ss2 PEI i 6Ssnf St
opened at Ss.65, closing at S8.55. Oc-
tober opened at $3.50, closing at SS.52I5;
January, S7.O2l2, closing. at 81
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. 2 spring.
94@94I2c; No. spring, S212@S4I2c; No.
2 red, 94994l2c. Corn--:No. 2, 407Sc.
Oats-No. 2, 23s4c. Rye-No. 2, soc. Bar
ley-No. ., 75c bid. Flax Seed-No.l !, 81. 31I2
Gl32. Timothy Seed-Prime, Sl.5S01 go.
Pork-Mess, per Dbl, $14.47l20l4.5O. Lard
Per 100 lbs, $1,000. Short Ribs-Sides
Qoose), S8.55@9.57l3; Whisky-,Distillers'
Loaf, 64@S5sc; granulated, 77s0Sc; stand
ard "a, 79sc. Receipts-Flour, 17,0O0
bbls; wheat 1o4,OO bu; corn, $4,000
bu; oats $50, 900 bu; rye, $4,000 bu; bar
ley, 5000 Blu. Shipments-Flour, 5000
bu wheat, 49, 900 bu; corn, 378, 900
bu; oats, III, O0) bu; rye. 20, 900 bu; bar
ley, $4,000 bu. On the produce exchange
to-day the butter market was steady; Elgin
creamery. 23026c. Eggs firm; choice north
6rn. l2lDc.