St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-11
THE COMMERCIAL RECORD
Heavy Trading by Local Operators Re-
suits in Another Bulge
in Wheat.
Corn Firm, Oats in Light Request, Pork
Unsettled and Lard Extremely
Weak.
Financial Operations in the Monetary
Centers---The General Quo
tations.
Special to the Globe.

Special to the Globe.
CHICAGO, Oct. 10.-Wheat was unsettled
to-day The forces were pretty we'll divided.
The market opened weak, and started down
q fraction, but when the decline halted there
was rush the other way because the shorts
thought it good time to cover. The short
element was not large, however, and they
were filed with the long wheat still for sale
before there was rally of &c from the bot
tom. When the shorts were out of the way
the market was heavy again. and started
down the second time. 1t was about IL 80
that the sentiment changed, and buying sent
prices for December and May about
making range for the day of
about 4I2 cents. November sold at 81 .0S4
and S1.1II2, December 81. Is cents off from
the offering Monday, and up to S1.l3l2 about
noon, May ST. I0I2 and SIl4l2. At 1920
p. m. December was back to SLIP and May
to S1.13A. Receipts here were 123 cars.
The out inspection was about 5000 bushels
and export clearanceS were next to nothing.
Cables gave spot wheat Id lower, with
futures dull and prices tending downward.
Wheat closed at is p. m. at outside prices
for the day with December 4I2 cents
over the bottom price and cents
over last night. Corn sold with
about cent range for November, and
closed u cent higher, at 40 cents. The
range was 444 and 4514 cents. October
ranged between 1884 and 45 cents, closing
at ABA cents. December closed at 40I2
cents and May at 39ls cents. There was
some excitement early on the bulge, but
later the market was light and narrow. Out
siders suspect manipulation and keep out
Hutchinson is credited with the control and
is charged with making prices to sell on.
Cables gave prices for spot coru 81 penny
lower. Receipts here were 4S1 cars, char
tiers to-day were over half million bushels,
mostly at Dip cents 10 Buffalo
Oats were steady and crossed a shade
higher for futures Receipts 226 cars
Provisions were lower for part of the list
on liberal receipts on hogs and a lower mar
ket early. January pork opened 1912 cents
lower at S14.15, subsequently advancing to
$14. 37I2. where it closed. a gain of 10 cents
as compared with last night Near futures
of lard were decidedly lower. October
opened at so cents and November 17I2 cents
under last night. The former option sold off
to S9.37I2 by the close, while November
touched S.. SO, closing at So. 62l2. a loss of
42l2 cents and 80 cents respectively. Jan
uary closed at SS.17I2, or Dig cents lower.
Ribs closed about where they did last night,
at IS. SO for October and S7.25 for January,
after selling off little.
THE ROUTINE REPORT.
CHICAGO, Oct 10.-An unsettled feeling ex-
listed in wheat The opening was weak, and
opened 2@2I2c lower than closing figures of
yesterday being a continuation of yesterdays
weakness A good deal of wheat was
offered but at the decline the offerings were
soon absorbed, and then started in some good
hi Il. -.
prices, with some fluctuations, and advanced
404I2c above extreme inside figures, eased
off Ice, and then fuctuated and closed about
202Isc higher than yesterdays. Fluctua-
tons were again frequent, and rapid trading
was principally local. Outside trading was
rather light There was no special news 10
influence the market. Corn was frmer, and
a firm feeling prevailing most of the session,
the trading being fairly active, and fluctua-
tons within lsc range. The market opened
about Ac lower than closing prices, yet be-
ing quite active, and advanced, with some
reaction, 101lsc, and remained steady for
time, then eased off Csc, and closed
I2@6sc higher than yesterday There
Oats were in rather light request The open
ing was easy with November selling sSc
lower, but other markets were doing better
and cash oats sold well. These influences
exerted better feeling, caused finally more
trading and ls@4c better. In mess pork an
unsettled feeling prevailed. Opening sales
were 12126D15c decline. The break induced
moderate purchases and a fair rally followed
outside figures were fully maintained and
the market closed firm. Lard, a feature of
the trading, was selling Of November by
large holders Buyers held off and q sharp
decline in prices resulted. The opening was
at 17l2c reduction. November declined 25c
more, rallied 1Oc, but reacted and closed
weak. The more deferred futures sold to
moderate extent, but the shrinkage in values
was less marked than in the near deliveries.
In short ribs at the opening stronger feel
ing prevailed i'll October, first sales being lac
higher. The strength was Of short duration
and a decline of zoe followed. Later prices
advanced 7l2Q10l2c. Trading was fair and
distributed between october and January:
THE GENERAL QUOTATIONS..
Wheat-No. 2 october, closing at S1.11
November opened at S1.0SI2, closing at
e1.12; December, S1.10, closing at SI12la;
May, 81. 10S4, closing at 81. Corn
No. ? October opened at 43a4c, closing
December, 407Sc, closing at 4OI2c; May,
39c, closing at 39lSc. Oats-No. October
opened at 23Ssc, closing at 237sc; Novem
Der, 24c, closing at 24l2c; December, 245sc
Mess Pork, per bbl-0ctober, closing at
SIS: November opened at SI4I5. closing
At S14.37l2; year, SLID, closing at
s14.4712; January, Sl4.15, closing at
opened at $3.50: closing at 50, S7l2; Noyem-
closing at IS. %; January, s8.15, closing at
SS.17l2. Short Ribs, per 100 lbs
october opened at $500, closing at
$3.50; January. S7.12l2, closing at S7.25.
Cash quotations ~were as follows: Flour
quiet and nominally unchanged. Wheat-No
2 spring, Sl.10h@L1I; No: 3 spring, 80
Q9Sc; No. 2 red, S1.1O14@1.11. Corn-No.
2, 44S4c. Oats-NO. 2, 24e. Rye-No. =,
5sl2c. BarleyamNo. 2 nominal; Flax Seed
No. l. S1.42. Timothy Seed-Prime, 81 $50
I.55. Pork-Mess, per Dbl SIS. Lard-Per 100
lbs: 50; 37!2G9; 40. Short Ribs-Sides ,1oose),
81. 756lS. S7I2. Sides Short clear sides
Gb93x,e9' 9s;25@95oi s W hi
loaf, S4@S9sc; granulated, Use; standard A,
zl2e Receipts-Flour. 81, 900 bbls; wheat,
$4,000 bu; corn, 24S,000 bu; oals, 3Sl 900
bu; rye, 27,0U0 bu; barley, 155, 900 bu.
shiPments-FlonE 1000 bbls; wheat, s4,
900 bu; corn, 49,, 900 bu: oats, $4,000 bu;
rye, 10000 bu: barley. 80, 900 bu., On the
produce exchange to-day the butter market
was fairly active: Elgin creamery, 23023I2c;
choice Western, 21622c: choice dairy. l70
I9c: common to fair, 13@16c. Eggs easy at
1901 SI2c.