St. Paul daily globe., 1888-08-08
THE COMMERCIAL RECORD.
Contradictory Cables and an Onslaught
by Bears Send the Prices of
Cereals Downward.
Oats Hold Firm and Hog Products Ex-
perienGe Slight Ad-
vance.
ooiugs Of the Money Magnates---File
General Quota
tions.
Special to the Globe.

Epeo1al 10 tne OlODe-
CHICAGO, H., Aug. Wheat opened l2g,
1c lower this morning and was weak ana
strong by turns, with a general downward
tendency. Cables were not in harmony, and
outside markets opened weak. After the first
decline there was some good buying on news
of cold weather in the Northwest, and fair
export clearances, and prices advanced 1c
from the bottom. Later there was decline
to closing prices on account OF the lack
OF buvers Last sales were Ss0S4c under
Yesterdays close. Receipts were 21l cars.
Corn sold within S4c range early, but to-
ward the close the changes were very small
and al the close prices were about the same
as at yesterday close. Receipts were liberal,
675 cars, and this together with good crop
report from some futures opened prices
about 14c lower, and prices eased Off few
points. Later on buying by the shorts prices
recovered and held steady. Oats were quiet
and without changes. Receipts, 1S4 cars.
Provisions were fairly active with big
trade Higher prices for hogs strengthened
price for product. Pork declined DC early,
then advanced l5c, closing 7l2910c higher,
Lard was not so active and closed 2l2c lower.
Ribs gained sc.
THE ROUTINE REToRT.
CHICAGO Aug while wheat was weak
and strong by turns to-day. The tendency was
downward The bulls were driven into sell
ing lot of lorg stuff early and after the
rally which took prices up very near to the
closing points on Monday, they fought the
second decline vigorously. The cables were
not in harmony, but on the whole gave con-
diGons little improved III France ana
Germany. The crowd discovered that the
bulge at the close yesterday was manipulated
and September opened 75c lower with 81
crowd of sellers. which took the price down
to S3I2c, or 1lsc under last night When the
furry was over good buying
feeling was created, and on news of
west and fair export clearanceS.
the price was advanced 1c from the bottom
point. The last two hours of the session
found September between S3S1G1S4Ac and
stubborn. Wheat closed S4c under last night
and ssc over bottom prices, with September
at S37sc. Corn sold with S4c range early,
but toward the close the changes were very
small, and at the close September was but l8c
under the closing price of yesterday. The
receipts were very liberal-673 cars-and
this, together with most tiourishing crop re-
ports fro m some quarters, made the market
weak. and prices opened l2c under ana de-
clined few points. September sold at 45l2c
down to 454@A5$Sc. Then the shorts be-
gan buying freely. and the price was
put up to 46c, and the close was 45s4c. Oats
attracted only moderate degree of at
tention and with fair volume of trade and
a steady to firm feeling. A fair business was
transacted in provisions, but it was of al in
and-out character Some of the largest trad
ers who bought freely early changed and
closed before the close. Arrivals of hogs
were fair and prices 5@10c higher. This
had strengthening effect IN traders of hog
products early. and pork, after drop of DC,
advanced Zoe, but Teceded sc and closed at
sl4.42l2, gain OF Zoe over Yesterday. Ar
mour & Co. were the principal sellers. The
buying was scattered. Lard closed 2l2c
lower Short ribs were traded in freely, and
closing sales showed an advance of DC.
THE QUOTATIONS..
The leading quotations ranged as follows:
Wheat-No. 2 August opened at S3lac, clos
ing at S44c; September, s334c, closing at
s378c; October, S4l2c, closing at e4l2c;
May, 90l2c, closing at 90Hc. Corn-No.
2 August opened at 455sc, closing at 4618c :;
September, 45Ssc, closing at 45%c; October.
44ssc, closing at 45c; May, SOC, closing at
39lsc. Oats-No. 2 August opened at 247sc,
closing at 25c; September; 24lsc, closing
at 241ac; October, 24Ac, closing at 24sSc;
bbl-September. opened at S14 37l2, closing
at S14.42la; October, S14: 31l2, closing at
$1430l2; January, S13.02l2, closing at
opened at 50, closing S. 95; October, So. 90,
closing at $500. Short Ribs. per 100 lbs
September opened at S9.42l2. closing al
$50; October, S8.45, closing al
Firm and unchanged. Wheat-No.
spring. S3c; No. } spring. 75@7Sc; No.
red, SIC Corn-No. 9, 49@51c. Oats-No. 9
new, 25I2@26c. Barley-No. ., 47l2@4 7ssc
Flax Seed-No. 1, 81. .1012; prime timothy
seed, So 25. Mess Pork-Per bbl 14.371a@
II SO. Lard-Per 100 lbs, SS. 95lS. 97I2
Whisky distillers' finished goods, per gal
S1.20. Sugar-Cut loaf, 85Sc; granulated
77s@Sc; standard A. 7l4c Receipts
Flour, 10000 bbls; wheat. 10000 bu: corn
Dds, 900 bu; oats, 107,0 600 bu; rye, II, ,00C
bu: barley, 1000 bu. ipments-Flour
Ii, 900 bbls; wheat, 81, 900 bu: corn, 72,00(
bu oats, 115, 200 bu; rye, 75S bu. On the
produce exchange to-day the butter marke
13l2@14I2c; fancy dairy 15@16c; firsts, 12I:
q Qn