St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-15
THE COMMERCIAL RECORD.
Wheat Bebs Up and Down in Market
of Bearish Tone, and Closes
Weak.
Corn Takes Big Jump Upward, and
Oats Sympathize Somewhat on
Small Sales.
Financial Operations in the Money
Centers---The General Quota
ti0ns.

SPECIAL to the Globe.
CHICAGO, Aug. 14-Wheat was weak, clos
ing at S2c last night, it sold on the curb at
Sl7Sc this morning, and when the market
did open it was at S15Sc, and signs OF still
further slumping. Several times the buying
forced the market up to SIC or S2lsc, but
when it did Hutch would send one OF his
brokers in to sell u.s. COO bu, and away she
went back again to 81 rs or Whereabouts. And
so it went on, see saving between these eX-
tremes at the pleasure of the old man of the
sea, who sat upon the markets neck
and made it take him wherever he
wished to go. When it got down
low enough to suit him he sent Magin to
buy back that $4,000. Corn opened weak
and lower, but it bulged suddenly at l2c I'M
der a good general demand. There were too
many bears. and the reaction from the long
decline was but natural. Hutch Parker.
and Orr Il Comes were all heavy sellers of
September Boyden and Norton and Worth
ington took it freely. Hutchinson bought
literally of October The charters included
los, 900 bu of wheat. 100000 bu corn, and
10000 Blu oats. The rates were steady. The
grain inspected was: Winter wheat, 30:
spring. 80; 676 of corn; 27S oats; SO rye:
barley. >. Shipments were: Winter wheat,
$50, 226 bu; spring, 57,174 bu; corn. 49,
179 bu; oats 40, S91 bu; rye, 1925 bu.
THE ROUTINE REPORT.
CHICAGO. Aug. 14-Wheat opened at the
various exchanges in the country to-day
from Ic to Ssc lower than the closing prices
Monday. The early cables gave better
weather abroad. with free offerings and sell
ing by exporters at New \ ork. The tone was
bearish all round. There was selling by the
country OF long wheat. and professionals
thought it was going on down as on Monday
and they Joined III the selling. This took
the price Of September to SIl2c. ana mat
was good point for certain parties to buy Tor
covering and they did it. Then light receipts
for Wednesday were made known, and there
was more buying on that, and the price went
up about noon TO the best point Of the day,
S2ls6S24c. but afterward fell below S2c.
The surprise of the day was in corn. August
closed nearly &c over the bottom for the day
al 45Ac. September closed 1l2c over last
night at 45c. The low prices were shortly
after the opening, when September touched
434c. The demand for cash corn for ship
ping was soon felt the estimate for W ednes-
day was found to be but $50 cars. the shorts
turned i'll to cover, and little corn was for sale.
A leading operator turned a big buyer and The
result was a remarkable advance without
any special excitement. Oats sympathlZed
somewhat with the improvement in corn.
The speculative demand was fair and q
frmer feeling prevailed but fluctuations
were small. Mess pork was in small request
account of the yellow fever scare it rallied a
like amount in sympathy with the advance
i'll corn, and closed steady. Short ribs were
in limited request. After decline of 2lau5c
there was a slight reaction, but the market
closed dull.
TIRE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No 2 August opened at Slice. clos
ing at S17sc; September, Sl5sc, closing at SEE
October S2Isc closing at S25sc; May SS14c;
closing SSSAp Cnrn-NO
at 43l2c, closing at 454c; September, 43l2c
closing at 45c: october, 43Ac, closing ct
disc; May, 3SS4c. closing at Boise. Oats
No. 2 August opened at 24i2c, closing at
245sc: September, 23s4c. closing at 24c;
October, 24c, closing at 2414c; May, 3Ss4c,
closing at 391sc. Mess pork per bbl-Sept;.m
Der opened at SIS, 32!2, closing at S13.42l9;
October. S13.40. closing at Sl3.424. Lard
closing at 1913; october, S9.67l2, closing at
SS.72I2: January closed at $3.50. Short
ribs per 100 1bss-September open
ed at $500 closing at s., o2i2;
Cash quotations were as follows: Flour
Firm and unchanged. Wheat-No. 2spring,
Sllsc; No. spring, 15@7Sl2c; No. 2 red.
sac. Corn-No. 2, acc. Oats-No. 2, 24@
2, nominal. Seeds Flax, No. l, 81; Il; tim
othy, prime, 50. Pork-Mess, per Dbl, Sl3 30
@l3.35. Lard-Per 100 lbs. S9.7G5lS.7
Ribs-Sbort Sides Qoose). SS.02l2@S. O5.
Shoulders-Dry sailed, (boxed), 81. 40@1 80;
short clear sides. (boxed). SIS. 70@9. Whisky
-Distillers' finished goods, per gal, Sl.2O.
Sugars-Cut loaf S5sc: graduated, 7al@Sc;
standard "A" :. 7@7Ac. Receipts-Flour,
$4,000 bbls: wheat $4,000 bus corn 263,-
600 bu: oats, 127, 900 bu; rye, 1000 bu;
barley, 5000 bu. Shipments-Flour. 20. coo
bbls; wheat, 63,0O0 bu; corn, 1874 900 bu;
oats, $4,000 bu: rye, 1900 bu. On the
produce exchange to-day the butter market
was steady and unchanged. Eggs steady iii
$50 14c for choice northern.