St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-06
THE COMMERCIAL RECORD
4 Revival of Speculative Trading and
Consequent Advance in the Price
Of Wheat.
Corn, Oats and All Manner of Hog
Products Advance in
Sympathy.
Financial Operations in the Monetary
Ceniers---Fhe General Quo
tationS.



1 cent over last night, at S1-l3A, sold at
Sl.13ls back TO Sl.l2A, and firmed up to
$I.13. May touched SLI5. The firm but
restless feeling in wheat early, was but
pointer of what ives 10 follow The situa-
ton is enthusiastically bullish. The high
prices touched to-day were more easily
reached. and the market showed
more disposition to hold the ad-
vance than ever before. There were
two reasons assigned for this First the
extreme bulge was on genuine buying by
parties who intended to hold on to wheat.
Second. the other markets were more in sym
pathy with Chicago prices. As stated, De-
cember sold between S1.12AQ1.l3I4 early,
with a tone of firmness that surprised even
the bulls, and disappointed the bears who
predicted reaction, but dare not sell for it.
About IL a. m the bulls strength was felt
anew. Several big operators were buying
here and sending orders to Duluth and New
York. October sold at 81. 10 and up to SLIP,
with a nominal price of Sl.l5 on the ex-
IRENE bulge. November moved from
S111h, the bottom, up to Sl.16.
December made a clean jump in
half an hour from Sl.13 to SL1S.
This was at - O'Clock and at l p. m, shortly
before the close it was back to SLY. May
touched Sl.l9 and fell back slowly with De-
cember. at New York early the trade pre-
dicted a decline of 10 cents here and ) cents
there. Two hours later in that market Decem-
Der touched Sl.l9 and May S1.2l an advance
over the morning of about 1 cents. Some old
No. l hard wheat was reported sold to mil
Ter at Buffalo for SI.4I5s. Primary receipts
were fair. with but 70 cars received here.
The last half hour in wheat was devoted to
realizing by scalpers, and prices declined
about Dig cents from the highest points. The
closing prices were: October 81 IS, December
81. 15S5, May 81. 1854 Charters $4,000 bushels.
Corn promised early to lead the floor in ac-
tiyity. The pit was as well filed at the open
ing as wheat. The idea prevailed that Hutch
inson or some other disturbing element was
to enter into the corn and make 1t soar to-
ward 80 cents. But there Is too much of the
stuff for any man or set of men to play with.
November started at 45ssc, touched 45c.
and on the bulge which came before noon
the price went to 467Sc. 1t did not hold, and
the close was 45S4c. Receipts were 4l6 cars,
and the Saturday estimate 40 ears. The out
inspection was 1873, 900 bu, and the charters
to-day about 100000 bu The receipts of
oats were large, 81 cars. The estimate
for Saturday is go cars. October sold early
at 24I2c and closed at 244c. November
sold at pc and closed at 244c. Provisions
were again irregular. There was good buy
ing, especially Of January pork, in which
Robert Warren was especially prominent.
That future opened at Sl4.SO and advanced
to SIS. Later, when the demand was less
urgent. it dropped back TO Sl4.75, where it
closed. or 2l2c under last night october
lard sold ut SIO.jO0IO.S7l2, closing at
- N n 10 nj
Vember sold at So. zoos. 1912, closing at
$9.37Is. or Zoe lower, with January So As,
or sc higher. Ribs closed sc lower for Oc-
tober, and January 2l2c higher.
THE ROUTINE REPORT.
CHICAGO. oct Speculative trading in
wheat again revived somewhat to-day and
large business was transacted. The feeling
was again unsettled and prices ruled con-
SideraulV higher, with December selling up
10 last Wednesdays extreme figures, and
NAV passed the former outside figure by lac,
and trading has shifted principally to that
future. The opening was from l2 to lie
higher than Yesterday closing, with Decem-
Der Immediately declining I2c, but May in
Stantly started up. December turned on this
ard advanced 5s4c above inside figures.
Then prices fuctuaied for some time, finally
ruling weaker, and the closing was 3Ssc
higher for December, and 4l2c higher for
Nav than the closing figures last night.
The advance was attributed to renewed
buying. credited 10 a new source, though the
principal operator in the recent boom no
doubt has still control of the market An
active speculative business was witnessed in
corn in this market to-day. the volume of
trading being heavy and a higher range of
prices established. The market opened at
about the closing prices of yesterday, and
was easy for a time. selling off l2c, but soon
became active and stronger, advancing with
some reaction Use, eaSed off 1lsc, ruled
steady and closed with October SSc, NOYem-
Der Zoe, and May IsG Ac higher than yester-
day. The advance to-day was attributed
mainly to to the active demand from shorts,
the heavy purchases of a large local opera
tor, and to the unfavOTable weather for the
grading of new corn. There was evidently
considerable of a short interest to the mar
ket, over from yesterday in anticipasiOn Of
q lower market to-day but the operations OF
the trader mentioned above turned the course
of prices. and in covering prices were rap
idly advanced. Oats gained strength from
the improvement in wheat and corn. and
futures show an advance OF 4@S8c, though
reacting some from the outside. Mess pork
was dealt in more freely. The bulk in Janu-
airy, which opened 2lac higher, advanced 20c
on better buying by its outsiders. receded 20c
and closed steady. The near deliveries were
quiet and generally easier. In lard the near
deliveries were decidedly unsettled, but
somewhat freely within a wide range, but
other deliveries steady. Short rib sides were
i'll active request. Offerings limited and mar
ket stronger and higher. but most of the ad-
vance was in January early. but later weak
ened and all the advance disappeared.
TIE GENERAL QUOTATIONS..
Wheat-No. = October opened at SI.10s4
closing at Sl.l3; November, SI1lI2, clos
ing at SI.l4l2; December, Sl.13A, closing at
$I15Ss; May, 81. Il. closing at SILICA
Corn-No. > october opened at 45c, closing
at 45Ssc; November. 45Ssc, closing at 45s4c !;
December, AO7sc, closing at 4l7sc; May,
1880, closing 1T 39sSc. Oats-No. . October
opened al 21SSc, closing at 244c; NOvem-
Der 25c, closing at 25c: December, 25s4c,
closing at 25l2c, May, 2S75c, closing at 29c-
HESS Pork per bbl-OctOber opened at
$3.50, closing at $3.50: November.
Sl5.45, closing atSl0.1O; year, S14. 50, clos
ing at Sl463; january, Si4SO, closing at
Sl1.75. Lard, per 100 lbs-Octcber opened
at Slo.S7l2, closing at $1,000; November,
$40, closing al S9.37l2; December. SS.D5,
closing at SS55; January, ssh. closing
a. SS.45. Short Ribs, per 100 lbs
October opened AT S9.42l2, closing at
January. SD; closing at STATE.
Cash quotations were as follows: Flour IN
good demand: patents. S7.l0017.23: bakers.
81 2504-5; choice. $500. %: winter, 50 80
I.I2I2; No. ,. 9ScGlS1. O3: No.2 red, SILICA
OLLIE Corl-No. >. 45Isc. 0atS-No >,
24l2c Rye-No >, coo. Barley-N ominaI.
Blax Seed-No. !. SL.39. Timothy Seed
rune Sl-3dWl-o0- IoTk-MtSs' per Dbl
Sl5. 5OGl5. 52la. Lard-Per 100 lbs, SIo.47I2
@1G.5O. Short Ribs-Sides loose), $1,000
9.45. Shoulders 49, Dry sailed (boxed).
IS. S7I2Gq. Sidcs-ShOrt clear (boxedG
S9.75@lO. Whisky-Distillers' finished goods,
per gal, 81 20. Sugars-CUt loaf, SA@Sssc ;
granulated, Use: standard A" 7I2c Re-
ceipts-Flour. 24.Q00 bbls; wheat, $4,000
bu; corn. 100000 bu; Oais, 27l.OO bu;
rye, 200 0 bu; barley. I05, OO0 bu. Ship
ments-FlOur, 15.000 bbls; wheat. $1,000
bu; corn, SOB, 900 bu; OTIS, 1872, 0g0 bu; rye,
1000 bu: barley. $1,000 bu.. On the
produce K hanee to-day the butter
market was steady and unchanged; eggs,
steady: northern. lSlaG1l9c.
2 Nj NEWPORT som