St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-12
The COMMERCIAL RECORD.
Government Figures and a Deluge of
Long Wheat Sink Values Three
Points.
Cats Show Up Dull, Corn Holds It's
Own and Provisions Remain
Firm.
financial Operations in the Money
Centers---The General QRo-
taiiens.
Special to the Globe.


opened on change to-day, wheat was 1c
lever and the deluge of long wheat soon
Ir1&e prices another cent. 1t is more than
probable that an army of operators with
long wheat were only holding il to unload on
lie big bulge which they thought sure 10 fol-
low The fierce ball report for August. When
lhc ngGreS proved tame the crowd left the
ground sinking under them, and then threw
their holdings and PC drop in prices was
The result. The weakness in wheat contin-
ned 10 the close. The very excellent crop
prospects did not affect prices in the corn
iii There was a great influence back Of The
deal There was good export demand for
com NJ New York. and orders from the sea
Lard were filled IN large numbers in this mar
ket The cash demand here was strong, and
futures were easily advanced with the cash
price leading upward The opening for &C.
tei er was al 45c, and after the price touched
45SSG45l2c there was some big local selling.
principally by one house, which broke the
price TO 44lsc. Then the estimate for to-
morrow was given at 395 cars. much below
the late average, and with the cash buying
the price bounded TO 15i2c. The outside for
the session. and the close nj l p. N. was At
z@%sc. Pork was strong Al the opening.
W j n was 2lsG7Iac high than yesterday
the call. and October declined to sl4 10.
where it closed al 1 O'Clock. What strength
was apparent during the early hours was
d"e largely to short covering. The long ses
sion was devoid Of interest Lard was firm
C'euinG and closing about where il rested
yesterday afternoon. October ribs were a
u,-ie higher, closing Al s.. S2l2.
THL ROUTINE REPORT.
CHICAGO, Sept. II IL is not known Just
how " bad a crop report would have salts
ned The believers in 81 whea.. Tor when the
government liggTes show . Geo idedly poor
crop, with little or no impToi enent in win
tcT wheat NJ hurt est. and worse conditions in
gazing wheat than existed thirty days sgo,
3 G lei go OF the wheat as if il were hot.
Tie price Of wheat went OF about SIC on
The curb here last evening on the figures tel
e-ruhed from Washington. When tho
markets opened on change to-day. wheat
was lc lower, and the deluge Of long wheat
soon broke prices another cent IL is more
A2n probable mai ali army OF Oh
orators in long wheat were only
holding il to unload on the big bulge which
Tney thought sure TO follow the fierce
brl report for august. When the figures
KfOV6d tame, the crowd felt the ground sink
liz under them. and then threw their hold
ii-~ aud Pc drop in prices was The result
GLt weakness continued 10 the close. al l
clock, when prices were 2AG 2i2c lower
shan yesterday. The very excellent crop
prospects did not affect prices in the corn
vii There was greater influence back Of
he deal. There was good export demand
0r corn al New York and orders from the
E.35uUTd were filed in large numbers
N This market The cash demand
here was also very strong and fut.
ETeS were easily advanced with the
Su~h price leading upward. The opening
F1r october WAS al 4Jc, and after the price
t3fched 45Ss1 +0lac there was some big local
selling. principally bY one house. which
broke The price 10 44l2c. Then. with cash
buying. the price bounded TO 15I2C. the ont
si4c for Inc session. and the close at p. N
'9us nj 45ssc. The advance for the session
'saS ia Lee. Oats were dull with fiucua-
(lCGs coutied within narrow limits Pork
WAS sJIOng al the opening, which was 2i26
|iac higher than Yesterdays latest on The
sal October declined TO Sl44O, where It
VI lsed Al ! O'Clock. January sold up 10
l4.25. closing al SliI2i2. What strength
Nsas apparent during the early hours was due
laIEely 10 short covering. Lard was firm,
ol"uinS ana closing about where it rested
yesterday afternoon. october ribs were
liile higher. closing nj s. S2I2. wish Jan
7laTy al 81 20. During the afternoon session
wheat was weak and l4c lower than at l
clock. Corn was moderately active. but
easier October closing lac lower. Oats were
IN light demand. but steady Pork was IN.
chaps ei Tor September and October Zoe
love: fUT November. and sc lower tor Jan
uary. Lard was steady for September and
OrtOber. 2l2c lower for November IN
changed for year. aud 2I2c higher for Jan
nary. Short ribs were 2l2c lower for Sep
Icn.ber and October. and &c for January.
THE QUOTATIONS..
The leading quotations ranged as follows:
y hsut--NO. September opened at 9IS4c
-ir~ing al 9054c; October. Ole, closing al
use; December. 92l2c closing al 9O$4c; May,
%.c. closing $3.50. COrn-No. Septem
0vr opened al I5ssc. closing at 45Lc; Octo-
ter 43c. closing at 40c: December 395sc,
=. sing AZ 39l4c; May. 39l2c. clOsingat 39I4c.
ts.t>-NO. > September opened nj 2iSsC.
al, sing al Dies; October, 2il2c, clos
INK al 24ssc; November 245sc; May,
2>Slc. closing at 2S5sC Mess Pork per
hhl-SeplenLer OF ened al Sl445, closing
Sl440. October Sl4 80. closing al Sl4. 40:
November. Sl4.3O closing al SII.IO: Jan
A. lGO lts--September opened al SI0.G5.
Zb,>ins a SO; October. $40. closing al $40;
Ny inter- 50. 20 closing at 81. l2I2; january.
$50. closing at $500. Short ribs per 100
Ms-September, $3.50: October, $3.50 clos
Ngai :, 20 ;JanuaTy, 8. 22i closing al s. -.
Cash quotations We're a follows: Flour steady
81 unchanged. Wheal-No Spriug 90SI
U9lC: No spring, Si0s6lac; No. red.
a.. C0rn-NO. , 455sc Oats-No. -.
= 81 24s4c. Rye-No. =, 5il2c. Barley-No
seed-Plime, Sl.10. Mess pork. per bib
-SII-4O Lard. per 700 lbs - SiO.O2l2
StOrt ribs lOOSO)-SS $3.50 DRY Salied
shoulders tboXed) - S7-62I pa 20. short
CLEAR >ldes lbOXedl SEA 8. -. Sugar-Cut
loaf, sIsI $50; grauUlaied. use; stand
aId a" lee. Rectipts-Flour. SOS
b'ls: wheat. l36.S2S bu. corn, 330.71s bu;
CAS-. $50, SG2 bu, I'VE. 1896 bu; barley.
$40 bu. Shipmeuts-FiOur, ll.l6S bbls:
~ heat 9.196 bu, corn. l6S.43l bu. oats.
S343l bu; barley. 1888 bu. On the
produce exchange 10 day the butter market
Was Steady: creamery. Elgin. 22I2G,3Sc;
Western l9G2lc. dairy fancy. l60 l9l2c:
gUud, l3s.lSl2c. Eggs steady, l5Ggl6c.