St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-01
THE COMMERCIAL RECORD.
Old Hutch Tries to Bear Wheat, Bat Big
Bulls Bulge 1t Just the
Same.
Continuation Of the Bear Movement in
Corn, Oats and Ali Manner Of
Provisions.
Financial Operations In the Monetary
Centers---The General Quota
tions. is

Special to the Globe
CHICAGO, Nov. 3O.-There was quite a
spirit of manipulation in wheat here to-day.
The trading was not of heavy order. gNlL
there was some pretty big bidding aida
pretty close action among the. bulls as op-
posed to Hutchinson. There was bullisn
talk on the curb, but when trading begaA 91i
the floor very many who went home long IN
wheat Wednesday thought it safe to realize
before trusting to the action Of the market
for the day. The rest was general selling,
which sent the price of May off iac at
Sl.035s. December went from Sl.O4la to
S1.03lS. Then there was Il reaction to
81 log for May, a drop to $l.097s Hutch
lnson was against any advance. The crowd
determined to push prices up. New York
advices wer g very bearish, but the news
from the Northwest was more encouraging
1t was about 1880 p. m. when the con-
certed action of the bulls, big and lutte. put
May from $l.lO to Sill in very few
minutes. Receipts were 20 cars, including
inspection Yesterday on the st. Paul. wheat
kept on bullying slightly on the bidding by
the crowd until minute before the close,
when May touched Sl.1l14 for one trade
Then the price went of to 81. 107ss to close.
The trading in corn was continuation OF
ting unloaded and the shots are taking the
stuff at the comparatively low figures. There
was some strength in May just before the
close, and that future, after wavering be-
tween 377sc and 3sc all morning, sold at
3Sls@3SAc. closing at 3Slsc, Or &c higher.
Receipts were 6S1 cars. Charters to-day
were for 9 6.Ol bu. There was little done
in oats for future delivery. There is lull IN
the interest recently shown i'll this cereal.
Receipts were 155 cars. There was con-
tliuation to-day of the bear movement III
provisions inaugurated carrier i'll the week.
On nearly The whole list of speculative
articles prices declined quite sharply. though
mess pork showed the greatest weakness.
The decline was steady and uninterrupted
with reactions few and feeble. The days
actual amounted to -2l2@27l2c in mess
pork, I2i2c in May lard, ana loo in short rib
sides. Trading was to a large extent local.
free selling of pork by Armour and good buy
ing by Hutchinson and Baldwin being the
principal feature. - -
THE ROUTINE REPORT.
s. CHICAGO Nov. 3U.-News from the North
west was brlllish, but there was too much
wheat tor sale, and there was sharp break
from the advance of Wednesday with par
tai recovery later in the day. The feeling,
however, was unsettled, and operators little
mixed as TO which course to pursue. The
opening of the market was a shade easier
than " e6nesaav's closing, and the feeling
soon became quite heavy under free offer
ings. Operators had gone home long on
Wednesday and with signs of weakness to-
day, commemorate realize, and there was
genera pressure to sell. The result was that
prices declined here lac. Following this
decline, the demand improved, sand
with less pressure to SELL prices advanefu
l5ac with slight fluctuations. ana the ciQsfB
nIt day -QS
only moderately active. and the feeling de-
yeloped was again easier. Opening sales
were trifle below the closing. figures of
Wednesday, with offerings quite and prices
declined $sc, reacted Vac, and closed lsd14c
lower than v ednesduy. There was very
little outside support To the market and the
local demand was confined largely TO cover
ing by shorts considerable Icing prop
erty being offered. Prices tor future de
iyeries of oats fiuctuated lac and closed at
about Wednesday fnal figures Quite an
active speculative trade was reported III mess
pork. The feeling was greatly unsettled aud
prices ruled very Irregular On the whole,
ranged reduction OF 4UGG45c was submit
mess prevailed, and prices rallied 5@tdc /
Considerable interest was manifested IL
lard, and The feeling was weak. Prices
advanced slightly at the opening but the
coded I2l2@l5c. Near the close rallied 90 |
@5c ana closed steady. Trading was quite !.
active in short ribs SIDES, and the feeling was
unsettled. Prices ruled irregular ana de-
clined l5@27lac and closed comparatively
steady. ii
THE CT N iRAL QUOTATIONS.
Wheat-No. 9 November closed at 81. 04ss;
December Sl.g44s, closing az S1.u44; Jan
uary, S1.t61s, closing at $l.G57s; May,
S1.111s, closing at 81, Ids. corn-No.
December. 36e closing at 357sc; January,
$3.50 closing at 357sc; May, 317sc, closing
at 3Slsc. Oats-No. 2 December opened at
26c, closed at 264c; January opened.at 26c.
ingat3 &c. Mess PORK Per Bbl-Aoyember
closed at $3.50; December closed at 1890;
January opened at Sl4U7l2. closing at
S137o May, Sl4.4O, closing at Sl4O7la.
Lard Per 100 Lbs-Noyember opened at
Go eiosing a at % ss January s sso7 clos
ing at 1872; May. Ss.l7la, closing at
SS.07. Short Ribs Per 100 disciplinary
opened at S7.17Ia. closing at S1Q7l2: .
May, opened at Si.3La closing at $50;
nominally, unchanged. Wheat-No. 2 spring, 1
S1.U4@1. O43s: No. 3 spring. 90@96c; No
2 red, Sl.o4@ 1.u4ss- Corn-No. 2, 3534c.
Uats-No. 2, 26ls026Ac.. REe-No. 2.-52e.
Timothy seed-Prime, sl.5o. PorkEMess,
per Dbl, Sl3.37la@l3.5O: Lard-Per 100
lbs. SS.15 Short Ribs--Sldes Qoose), $40.
@72D; dry sailed shoulders (boxed), $3.50
1917: short clear sides (hoxedl, $7.62l2@ 1
775. Whisky-Distillers' finished goods. per
gal, S12O. Sugars-Cut loaf, eA@slac; i
granulated, 7Isc: standard A. 712c. Re-
ceipts-Flour. 1900 hbls; wheat, 5000 bu;
corn, $50, 900 bu: oats. $4,000 bu: rye,
5000 bu, barley, 9s, 900 blu. Shipments
Flour, 1000 Dbl; wheat, II 900 bu: corn.
163, 600 bu; oats, $4,000 bu; rye, 5000
bu; barley, 41,G00 blu. On the produce
exchange to-day the butter market was
steady; Elgin creamery, 39@41c; choice
western. 33036c; choice dairies, 3O@33c:
common to fair, 24@25e. Eggs steady at %
@23c.