St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-02
THE COMMERCIAL RECORD
December Wheat Jumps Five Points
Above the Closing Prices of
Saturday.
Corn, Oats and beg Products Dealt in
Literally and Advanced in
Prices.
Financial Operations in the Monetary
Ceuters---The General Quo
tati0ns.
Special 70 the Globe,

CHICAGO, ILL.,, Oct. 1.-The excitement on
,ehange did not end with the close Of the
deal in September wheat. As predicted by
the more conservative on Saturday, the
effects which will follow are TO be dreaded.
During the delivery hour this morning, while
the delivery clerks were busy on the floor.
the curb was crowded with anxious traders.
It is estimated that nearly 100000 bu OF
October wheat was delivered, and about half
Of it was credited to Hutchinson. That, as
everybody said, was 10 ease the market. IL
did not ease readily. The 1880 bell found
strained. anxious feeling ON the floor. The
first five minutes in the pit was pande-
monium, with December everywhere from
81 .O4 to SI4S4, the first official figure being
given at 81 4JA. There was quick dip TO
81 O3la and back again to S1.O4@l.o5. DC
tober sold at 81 031l .03l2, and May at Sl.O4
@I.O5. The failure of Frank Clifton d Co.
and the belief that others would surely fol-
low If there was not a reaction in prices,
only intensified the feeling. The furry IN
the wheat pit the first thirty minutes was but
a starter for what followed. 1t was about
IL a. m. that the failure of Clifton Co. be-
came generally known. About this time
there was a special squirt Of buying to cover
December wheat by houses known to be on
Inc snort sac. uC GliGtl bll tAAC NAOhh hfNS
wonderful. With the thought Of S1.5O
wheat in their minds, the crowd went wild
and bid prices up in an unusual way. Octo-
Der went from SI.u5I2 to SI.07l2; December
from 81. "a TO SI.OS, and May from $l.O4s4
TO SI.O7s4. Hutchinson turned seller. The
effect was quickly felt In thirty minutes
December was back to S1.O5l2, and the ex-
cltement subsidized The visible supply Of
wheat increased 500, 900 bu. Receipts here
were sos cars, with 1913 ears Of No. . spring
and I67 cars of No. 2 winter. The hoard of
trade cable gave spot wheat in British mar
kets about a penny dearer. The excitement
in wheat made other markets appear ne
elected The feeling in corn was strong, but
the market narrow. Receipts were $50
cars including Sunday inspection. The
out inspection was 42I 900 bu. The
cables were not encouraging to the bulls.
The canal also furnished 10, 400 bu. Oats
scored an advance of lac for early futures,
with May unchanged; receipts 39S cars; out
inspection $4,000 bu. In provisions the
shorts in October lard had an interesting
time the forepart of the session. That option
opened at SO. 80 and was bid up to Sl1.37l2
by the shorts. little being for sale. 1t sub
seouently dropped off, closing at Sl1.o5.
November sold at 50. 400a.67l2. closing at
$3.50, with January at $S.22l2, decline in
the two latter options of 15c and sc re-
spectively. October pork sold at $l4.55@
l465, closing at the outside. october ribs
sold up to 50, closing at SS.97l2. January
ranged at S712I2Q720, closing at 81. ID, or
2l2@7I2c higher than on Saturday. Hutch
inson was a seller of January pork and ribs.
The suspensions had but small temporary
effect on provisions, the trade being dull the
last hour.
THE GENERAL QUOTATIONS..
Wheat-NO. Q october opened atSl. Oh. clos
ing at 81. 04l2; November. 81 .O3s8, closing at
Sl.O5s4; December, Sl.0IA, closing at
$l.05ss; May, 81 Oh closing at 81 O6ss.
Corn-October opened at 42c, closing at
42Ssc; November, 42c, closing at 425Sc; De-
cember, 3gc. closing at 39Ac; May, 3S7sc,
closing at 395Sb. Oats-No. October opened
at 23l4c, closing at 23l2c; November, 24lsc,
closing at 24lsc: December, 216sc closing at
245sc; May, 2SAc, closing at 28%c. Mess
Pork, per bbl-October opened at SIS. 30,
closing at SIS 32l2: November. Sl4.55, clos
ing at SI465 year, Sl3.95, closing at 81 $50;
January, SD. 12l2, closing at Sl4. 10. Lard,
per 100 lbs-October opened at 5000, clos
ing at S11.05; November, S965, closing at
$3.50; December SS.62I2; January, $3.50.
closing at SS.22I2. Short Ribs, per 100
lbs-October opened at $500 closing at
SS97I2; January. S7.l7I2, closing at 81. 10.
Cash quotations were as follows: Flour firm
and unchanged. Wheat-No. . spring, 81 .O4
@I.C1l2; No. 3, 90093c; No. red, Sl.O40
1.OIIa. Corn-No. 2, 42l2642Ssc. Oats
No. >, 23l2c Rye-No. .. 54c. Barley-NO
2, nominal. Flax Seed-No. l, Sl.36. Tim
Othy Seed-PIime $3.50. Pork-Mess, per
Dbl. SI5.3OQl5.32l2. Lard-Per 100 lbs,
SIl.05. Short Itibs-Sides Qoose), SS-97l20
500 Shoulders-Dry sailed (bOXed) SO. 62l2
0S75. Sides-Short clear (boXed), $3.50
$50. Whisky-Distillers' finished goods, per
gal, 81 30. Sugars-Cut loaf, SA@S5sc;
granulated, Use; standard "a" 7l2c. Re-
ceipts-Flour. 24OO0 bbls wheat $4,000
bu; corn, @S5, 900 bu; oais, $4,000 bu;
rye 10000 bu; barley, $4,000 bu. Ship
ments-Flour, 21.00D bu; wheat, $4,000 bu;
corn, 100000 bu; OATS 49, 900 bu; rye,
5000 bu: barley, 81 900 bu. On the
produce exchange to-day the butter market
was quiet and unchanged; eggs steady and