St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-18
The COMMERCIAL RECORD.
a Sensational Bulge in Wheat Due to
Northwestern Crop Re-
ports.
Corn and Oats in Sympathy
Close Firm to
Strong.
Financial Operations In the Financial
Centers---The General Quo
tati0ns.
specisl TO the Globe.


CHICAGO. Sept. 1.-THE market here was a
Nhirl from the start. October shot up to
b3ssc early and December advanced to 93l2c,
HIc higher then there WIS reaction OF
kbout Lsc, and again December went up TO
93Sc. with a second decline to 93Ac after
the visible supply figures had been given out.
Later in the session Hutchinson became the
controlling spirit, and slI natural influences
were disregarded, and December was put to
94ssc fifteen minutes before the close, max
ing an advance OF &c for the session.
Receipts here were oil cars. Wheat closed
at Il o'clock at 94c for December. The re-
ceipts of corn were very large, lbs cars.
This included Sunday inspection. The grad
ing is good, as over 700 cars of the receipts
to-day were of the contract grade. September
closed at 4414@44SSc; october sold at 434c
and 1850, closing ssc higher at 44lsc; De-
cember closed SSssc and May 3S7sc. The
demand for cash corn was fairly good.
Oats were lost in the whirl to-day,
and did not vary but fraction
in price all day. October sold at 1850
24I2c and May at 2Sl2028ssc. Receipts in
GLIDING Sunday, were 1913 cars. The strength
in cereals was even surpassed by that of hog
products. Short ribs were not disturbed
much, but lard and mess pork made sharp
advances. Robert Warren was a buyer of
lard. The stock is light, and the price of
October went from 5000 to $1,000, or SOC
over the close of the first two hours of the
day Pork for the same month sold up TO
SI46 5, an advance of 22l2c the first hour.
THE ROUTINE REPORT.
CHICAGO, Sept 1.-THE opening on
'ehange to-day was remarkable Tor activity
in all quarters, and unusual strength in the
most leading articles of trade and specula-
ton. Liverpool differed from London and
the continent in sending easier cables on
wheat, while the reverse was true on Satur-
dav. The Northwest was responsible for the
sensational strength in October wheat. At
Duluth there vas a bulge of &c from the
close of last week. The market was whirl
from the start. October shot up TO 93Ssc
early. and December advanced to 93l2c lie
higher Then there was a reaction Of
about I2c and again December went up
TO 93s4c, with second decline TO 93Ac,a after
the visible supply figures were given out.
Later in the session, all natural influences
were dlsregarded and December was put 10
93sSc fifteen minutes before the close, max
ing an advance of &c for the session. Wheat
closed at l o'clock at SIC for December.
Other futures closed: September, 81 l2c ;Octo-
ber 937sc May, SIS4 GA fair speculative trade
was reported in corn and the feeling devel-
oped was steady. Opening sales were at
Saturdays closing prices, and firm, and grad
u3iy advanced rrIs &c r sies6S a 7c
closed A0ssc higher than the close
of Saturday. Contrary TO the expectations
of many operators, offerings being rather
limited, and prices were advanced mainly on
covering by shorts. Oats were steady to firm.
Receipts were considerably above Saturdays
estimate, but there was a good shipping de-
mand and wet weather tended to stimulate
firm feeling Cash lots accordingly were
somewhat firmer foT the better grades. Or
binary qualities of No. 2 not improved. Mess
pork was fairly active at the opening. A
stronger feeling developed and prices ad-
vaneed sharply. Opening sales were at
2I2Q5c above Saturdays close, appre-
ciated zoe on October and 7l2c on
January, reacted slightly and closed steady.
Lard was the most attractive article on the
speculative list of provisions. Holders were
not disposed to sell, but shorts" exceed
ingly anxious to cover their October con-
tracts, and began bidding spiritedly. Open
ing sales were at Toe advance, and were bid
I'D 42I2c by brokers' who only succeeded in
getting 500 tierces. The more deferred
trading was at times active, and the close
showed good advances. Short-rib sides
were in light request and frmer
early, but became weaker, and
closed with most of the advance lost.
During the afternoon session there was
sensational furry in September wheat, the
price going TO 9Sl2c on the selling of few
small orders but ii broke again TO 96I2e al
most Immediately. There were free realizing
sales of December and May. Corn was steady
with unimportant schange in prices. Oats
we're moderately strong and steady. October
pork declined &c, November was unchanged
and January a shade lower. September and
October lard declined 15c, November sc.
year 7I2c and January 2l2c. September and
October short ribs sold off 12l2c and Janu-
AIRY 2l2c.
THE QUOTATIONS..
The leading quotations ranged as follows:
Wheat-No 2, September opened at 93S4c,
closing at 9714c; October opened at 91I2c,
closing at $3.50; December, 92l2c, closing
nT.N 81
Corn-No. 2, September opened at 44Isc,
closing at 1880; October, 4324c, closing at
441sc: December, 3SS4c, closing at 3Ss4c;
May, 3S5sc, closing at 39c. Oats-No. 2,
October, 24lsc, closing at 244c; year, 24I5c,
closing at 24Ae; May. 28l2c. closing at
2Sssc Mess Pork per bbl-October opened
S14.45, closing at SLID; November. Sl4,
1885. Lard per 100 II. September closed
at 5000; October opened at SO 40, clos
ing at 5000; November, S9.47I2, closing
atS9.50; January, So 22l2; closing at $500.
at $3.50; October, $500, closing at s.77l2;
January, S7.12I2, closing. at S7;O7l2.
Cash quotations were as follows: Flour
in moderate local demand; patents. $3.50
spring, 95@95!S5e; No spring SO@ 9s;ss
Oats-No. 2, 244c. Rye-No. 2, 53c. Bar
ley-No. 2, 75c. Flax Seed-No. /, SIPS
@129 Timothy Seee-PEri6me' S;52gl %
lbs, $IO.s501O.S7I2. Short Ribs-Sides
Qoose) So 9O0s. 92l2. shoulders - Dry
sailed, Cboxe0 81 62l2@7. rs; short clear
sides, s909. %; Whisky-Distillers' finished ;d
@sssc; granulated. 74c; standard A, 7I2c,
Receipts-Flour. $4,000 bbls; wheat. 129,-
900 bu; corn, 3Os, 900 bu; oats, &c, 900
shipments-Fiour, Is, 900 6u; wheat, 80
600 bu; corn, 3O1, 900 bu; oats 126, 900 blu I;
rye 5000 bu; barley, $4,000 bu. On the
produce exchange to-day the butter market
was quiet; Elgin creamery, 23@24l2c; choice
good, 13914l2c. Eggs steady; choice North
ern, 15I20l6c.