St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-09
THE COMMERCIAL RECORD.
Bad Reports and the Action Of Heavy
Traders Conspire to Make a Weak
Market for Wheat.
Corn and Oats Decline in Sympathy,
Provisions Alone Ad-
: vancing.
Financial Operations in the Money Cen
ters---The General Quota
tons.


CHICAGO, Sept. 8.-The snap appears to be
out of the speculative markets until some
new influence shall be felt The activity on
change early to-day was fair, but did not re-
suit in any decisive turns in any of the pits,
and compared with the action on the floor
for month it was somewhat quiet. The
meddling with the grades in the Northwest,
the action of Cudahy and other heavy ira
ders here In taking 10 the bear side OF
the DEAL the fine weather and easier
feeling abroad, the hesitation on account OF
the next government report, all conspired to
make a weak market IN wheat the greater
part Of to-day's session. The rallies were
sickly, and caused fresh realizing each time.
Exports were light, and the grading OF new
wheat receipts began to improve. The open
ing price here for December was l2c off at
9334c, and the first hour gave that future the
range from 93ssc to $3.50, from which there
was dragging decline until noon, when
the price was 93Ac, or lie under
last night. Receipts were 234 cars,
with fifty-four cars of No.
grade. The wheat market was dull and
weak till the close at p. M. The lowest
point for December was 931sc and the close
was at 93hc, or 1c under last night. Oats
were easy in sympathy with other grains.
Receipts, 2SS cars. There was light trade
in corn to-day, but the crowd was determined
enough to let prices down slowly. In one
sense the decline was reaction from the
bulge OF yesterday, caused by the scram-
Bile for cash corn. The receipts
were 493 cars with a large percentage,
1913 cars of No. 2 grade. The closing price
was the lowest for the Gay, and 1l5c under
last night. Provisions closed at prices a lit
tie better than last nights latest quotations,
the advance amounting to 7I2@1oc, in pork
1919 on near futures of lard, and 5@10c on
ribs January lard rested where it did yes
terday afternoon. The marketwas dull most
of the time with but light business all told.
THE ROUTINE REPORT.
CHICAGO, Sept. S--The action Of the Min
nesota warehouse commissioners IN regard
to the grades, the fact that some of the heavy
traders here took the bear Side, the fine
weather and easy feeling abroad, the hesita-
tons ON account Of the next government re
port, all conspired to make weak market in
wheat the greater part of to-days session.
The rallies were sickly, and caused fresh re-
aliZing each time. Exports were light and
the grading of new wheat receipts
begins TO improve. The opening
price for December was l2 cent
off at 9334c, and the first hour gave that fu-
ture the range from 93Ssc to $500, from
which there was a dragging decline. The
WAS uull anu weak VII lIt CIOsS ~ l.
p. m. The lowest point for December was
9315c, and the close was at 934c. or lie I'M
der last night. There was a light trade in
corn, but the crowd was determined enough
TO let prices down slowly. In one sense the
decline was reaction from the bulge OF
yesterday. caused by the scramble for cash
corn. The closing price was the lowest for
the day and 11sc under last night. Oats
were easier, in sympathy with corn, and $50
lac lower. with moderate trade for October,
thn OnQp n
visions closed at perhaps little better than
last nights latest quotations, the advance
amounting to 7i2@10c In pork, 12l2c on near
futures en- lard, and 5Q1Oc on ribs. January
lard rested where IL did yesterday afternoon.
The market was most of the time with but a
light business There was no afternoon ses
sion.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2 September opened at 927sc,
closing at 92l2c; october. 92lsc, closing at
92c December, 93&c, closing at 93l2c;
May, 9SAc, closing at csc. Corn-No.
46c, closing at 447sc; Octo-
ber 454c pei9sing at 44 9S,o December;
3912c; May, 40c, closing at 39l2c. Oats
No. 2 September 24SSc, closing at 24lsc;
October, 24I2c, closing at 24sSc; November.
24ssc. closing at 249sc; May, 2S5sc, closing
closed at Sl407I2; October, S14, closing at
S14 O7Ia; November. 1885, closing at
S13 So January, $13. 72l2, closing atS13:, 80.
Lard, Per 100 Lbs-September opened at
800, closing at 1898; october, 1875, clos
ing at $685. November e.95, closing at
S. 921a January, $9.2212 closing at SS.22l2.
Short Ribs. Per 100 Lbs September
closed at Ss.45; OCTOBER, $3.50, closing at
sS45; January. S7.02I2, closing at $40. |
Cash quotations were as follows: Flour firm;
patents, $4.75@5: Is; bakers, S46594.
2 spring, 92A@92l2c; No. 3,
79@9sc; No. 2 red, $50. Corn-No. 2, 454c. |
24lse. Rye-No. Q, 55c; Barley |
No. 2, 73c. Seed-No. flax, 81. 2901 30; |
prime timothy, $l.7o. Mess pork; per Dbl,
s140 5@14.07l2. Lard, per 100 lbs, 1895; |
Short rib sides Qoosel, SS.45; dry sailed |
shoulders (boxed(, 81: 621s@7 rs; short |
clear sides (boxed), $9@9.23. Whisky
Distillers' finished goods, per gal, Sl.2O. |
Sugars-Cut loaf, sls@Sl2c; graduated,
use; standard a." 712c. Receipts-Flour, |
:. 1853 bbls; wheat, Ill 1881 bu; corn, 204,- |
ts5 bu; oats, l90,524 ou; rye, 16.637 bu; |
barley, Sc, 800 bu. Shipments-Flour, 15,- |
5O7 bbls; wheat, 60, l06 bu; corn. 299, $50 |
Du; oats, 23l ,565 bu; rye, 1892 bu; barley |
10, 1862 Blu. On the produce exchange to- |
lay the butter market was steady and |
Eggs firm and unchanged.