St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-26
THE COMMERCIAL RECORD.
Heavy Selling by Operators Causes
a Bad Break in
Wheat.
Corn Shares the Same Fate, Oats Also
Slumping, Provisions Alone Ruling
Higher.
Financial Operations In the Monetary
Centers..-The General Quota
lions.

CHICAGO. Nov. 24-Wheat was more un
settled and touched lower prices to-day than
before for the week or the month. The mar
ket looked weak and the crowd felt benrish.
vet there was no decided break up to p. N.
1t was after the New York market closed
that the lowest points of the day, $1.04%4 for
December and SLOTS for May were touched
here The first decline of the morning
dropped at $1.0Sss for Nav and there
was a rally of l2c before the plunge
to S1.077s. There was a rally of about 1c,
with the price at l p. m. steady at S1.0sl2,
or &c under the close last night. Receipts
were 81 cars. The clearing of 100000 Oh of
wheat at New York and Philadelphia had
little effect The New York longs sold more
freely than at any previous time, and May
closed there at 81 105s The decline at
Duluth was about Sc. Prices were
off at St. LOUIS in proportion. Ream
was the best seller here, with Hutchinson
putting out just enough TO encourage the
crowd to go short. The last ten minutes of
the session found wheat shaky, and the price
of MAY went to ST 0S14 at the close for the
dav and week. Corn shared the fate
of wheat to-day. For several days the
steady prices for futures have been
caused by the bidding for November and the
buying of cash. This morning there was
q general desire to sell. November opened
at 4OIac, l2c lower, went off TO 39l2, then on
a second decline TO 39iSc TO close. December
started at 3elsc, 14e under last night, ana
sold down TO 8. ssc, or lie under for the day.
May closed at 3Ss8c, or but lac lower. The
receipts were but AL ears, and the estimate
for Monday SIS cars. The oats crowd had
an interesting time again to-day. May
oats were bid up to 31ssc, declined
TO Sic, sold up to 3li4c and the last half
hour brought on free selling and a decline OF
lee, aud the close was at 3OS4c. Receipts
were % cars and the estimate 12o cars.
There were but 1000 hogs reported from the
yards, and prices were higher, which had
tendency to firm the market for product.
The trading was not very interesting. The
range on January pork was SLATE to
$li57ia61466 and the close $1452A, or
sc higher than yesterday. May closed 7l2c
better, at S14.SO. January lard sold at
SS17Ia09 25 and closed at So. 22l2, q gain
for the day of sc.
THE ROUTINE REPORT.
Cn1cAGo Nov. 24.--Again the wheat mar
Eet has shown decided weakness, and prices
declined l2c below the lowest point reached
early in the week. Trading was fairly active.
Shor; sellers evidently again took courage at
the weakness developed during the closing
hour of the session yesterday, and there was
an increased desire to sell The decline, too,
brought out somewhat bought on the recent
bulge. The opening was lie below the clos
ing figures on changes yesterday from which
prices reacted 4634c, then began to weaken,
and declined &c. AT this juncture the de-
mald improved with some covering by
shorts, which prevented further decline,
and a slight recovery from inside figures.
then started upward, advancing 1c
above the inside figures. ruled easier,
and closed 2Ssc lower than yesterday.
The weakness that was developed late in
corn Yesterday was continued again to-day.
The volume of trading was only moderate
and mainly i'll the early part OF the day,
after which the market ruled puiet and weak.
The temper of the local crowd was bearish,
and offerings were liberal while little or no
demand existed outside Of the coveaing of n
few shorts on the decline. The weaken
ing feature is the larger movement in
this direction. Opening sales were a shade
below the closing prices of yesterday, after
which the market declined 7Sc, ruled steady
and closed 7sc lower for December and about
Use for November lower than yesterday. In
oats during the first hour the market was
fairly active. A liberal number of outside
buying orders were received. A large local
operator, who was credited with being short,
also bought freely. A stronger feeling
developed and prices advanced lS@Ac.
Longs began selling freely on the advance,
buyers were soon filed up and a decline of
tsc on May resulted. a rally of 14c followed
the break. Later the market became quiet
and easier, offerings increased and prices
declined 3sc from outside figures, and closed
weak at inside prices. Only q moder-
pork. and the feeling was somewhat unset
tied. Early sales were made at sc advance,
but this was quickly lost. Later the market
showed more strength, and prices were ad-
settled back again 5@7lae, and the market
closed quiet. The lard market attracted
very little attention. and trading was moder-
ate. The feeling, was stronger, and prices
was fairly we'll supported. A fair trade was
reported in short ribs and the feeling as
steadier: Early in the day prices were adj
vanced 2iaGl5c. but this Improvement was
lost during the latter part of the session.
THE GENERAL QUOTATIONS.
Wheat-No. 2 closed at $l.05; Deem
sio5; January, si:osl3' closing at
ing at S1.04; May, S1.o9l2 closing at ST :0sls.
Corn-No. 2 November opened at 4Ol2c,
closing at Boise; December, 3Slse, closing
at 37$4c; January, &c, closing at 365sc :
May. 3S1sc, closing at $3.50. Oats-No. 2
November opened at PC, closing at 26s4c
3llsc, closing at 3Gs4c. Mess Pork, Per Dbl
November closed at SLATE; December
closed at $l4.47l2; January, S14.5O, clos
ing at $l4.52l2; May, 81. 72l2 closing at
$3.50. Lard, Per 100 Lbs-November
opened at sS.45, closing at $3.50: De-
cember closed at $3.50; January opened at
$500, closing at SS.22l2; May $s37l2,
closing at $40, Short Ribs, Per 100 Lbs
January opened at S7.42l2, closing at
$z.45; May, $50, closing at s7;62l2.
Cash quotations were as follows: Flour
dull and steady. Wheat-No. 2 spring,
S1.04l!2@1.o5; No. 3 spring, 95@92c; No.
2 red, 81 04l2G1105. Corn-No. 2, SOC.
Oats-No. .. 265Sc. Rye-No. 2, 53lSc.
Barley-No sales. Flax seed-No. l, SI51.
Prime timothy seed, Sl55. Mess pork, per
Dbl, ST. 50014.60. Lard, per 100 lbs,
$3.50. Short ribs sides (loosel, S7.45@7 G5
dry sailed shoulders boxed, firmer; shor,
clear sides (boXeD, .tirmer. Whisky
Distillers' finished goods. per gal, 81 30
Sugars--Cut loaf unchanged; GRADUATED
steady; standard steady. Receipts-Flour,
10000 bbls: wheat, 81. 900 blu; corn, 251. :.
600 bu: oats, $4,000 bu: rye, 1900 blu:
barley, $4,000 bu. Shipments-Flour, 5000
bbls; wheat, 14000 bu; corn, $4,000 blu;
oats, $4,000 bu; rye, 5000 bu barley
$4,000 blu. On the produce exchange
to-day the butter market was firm
and unchanged. Eggs firm at 22@23c.
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