St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-21
The COMMERCIAL RECORD.
An Unsettled Wheat Market, Governed
by Domestic Influences, Closes
Rather Weak.
Corn and Oats Experience Fractional
Loss, Provisions also Declining
in Value.
Financial Operations in the Money Gen.
ters---The General Quo
tati0ns.
Special to the Globe.

this point to-day pleased both the bulls ana
the bears at times. There was range of
lac in December, with the outside price of
the session the same as the closing price last
night. The foreign advices and conditions
were bearish. The conditions on this side,
except at the seaboard were bullish. Thirty
minutes before the 1:15 p. m. close Deem
Der rested at 92I2c, or less than Ac of being
as high as last night October sold at 91A0
9lssc, December at 91A09212c, May at 95A
@954sc. At New York the feeling was bear
ish, and the wires reported French selling
orders in that market. There was very de-
cided falling off in receipts at all markets.
Total receipts at twelve wheatin-sight points
were but SIS 900 blu, with but 4120O0 bu at
primary markets. Receipts. 165 cars. There
WaSa Slow marketln corn most OF the session.
The receipts here were 478 cars. Prices
were little changed October started at 43o,
sold up to 1880 and down to 42Bc closing
at lis p. m. at 4275c. September sold at
431ic and 1850, closing at inside. Oats
were very much neglected. Sales of October
for the session were only about 10000
bushels, and the price for the session was
24lsc and 241s024Ac; September, 24c
Receipts 300 cars Provisions were some
what higher early in the day on buying by
shorts and light offerings, but subsequently
the demand was less urgent and prices
dropped off. October pork sold no to
S14.s7l2, closing, however, at S14.57I2, a
decline as compared with last night of 12l2c.
Lard sold at S1O.60@1Oe5 for October,
closing at 5000, loss of 212010c. Ribs
for October and January closed 597l2c
lower.
THE ROUTINE REPORT.
CHICAGO, Sept 20.-The board Of trade to-
day resumed the plan of holding but single
session, which closed at lis p. m. instead
of o'clock, the afternoon session being
abolished. Trading in wheat was more act
i've, and if anything, more general than for
some days past The feeling, too, was IN
settled. At the opening the market was
weak, and prices 7S@1c lower than closing
figures of yesterday evening. This weakness
was attributed to the unfavorable tenor Of
European market advices There were
numerous buying orders on the market at
the decline, and prices reacted ss0s4c, then
ruled easier for a while, with prices dropping
back l2c, but later became strong, advancing
75c and closing about Ac lower than
yesterday. A rumor that the French
chamber Of deputies had refused to
take action on the proposed adjustment OF
the duty on imported wheat had temporary
effect but all foreign news appeared to be
ignored, the market being governed mainly
by domestic influences. News from the
Northwest continues 10 be Of bullish char
acter, and although only confirming former
statements, it appeared to have some effect.
Speculative trading in corn was only moder-
ately active to-day, transactions being to a
great extent local and fluctuations within l2c
range. The feeling developed was inclined
to be easy, though the market ruled compare
lively steady compared with yesterday.
There was no important feature developed
and the market was governed almost entirely
by local influence, the operators of promi-
nent local trader having considerable to with
the course of prices. The opening was a
shade below the closing quotations of yester-
day, after which the market ruled frmer,
advancing SSc, reacted l205Sc, became steady
and closed 141Ssc lower than yesterday, The
movement to this market continues on
liberal scale, and this and the favorable
weather for the growing crop has tendency
TO create an easy feeling, especially on the
deferred months. Oats were very dull, with
a weak and heavy feeling, with lsc decline
in some instances. AT the opening trading
in mess pork was fairly active and a stronger
feeling developed, especially i'll october,
which was bought by IS horts." First sales
were at 2l2c advance, sold up 17I2c, weak
ened, and all the appreciation was lost. jan
uary received fair attention, but declined
10c. Lard was moderately active, but unset
tied. Opening sales were for october at 2I2o
advance reacted ll2c. but rallied 5l2c. JAM
uary was traded in to fair extent and adj
vanced sc, but receded loo. Short ribs were
fairly active, but unsettled. Early the mar
ket was firm, and prices advanced 2l205c.
Shortly before the close reports that yellow
fever had broken out in Memphis caused in 1
creased selling. and prices of the near future
declined 7l2010c, and the market closed
easy at inside figures.
THE QUOTATIONS..
The leading quotations ranged as follows:
Wheat-No. 2 September opened at 93S4c,
closing at 95l2c; October opened at 9li4c,
closing at 92c; December, 9l12c, closing
at 92Ac; May, at 9514c. closing at 9J3sc
Corn-No. 2 September opened at 43l2c,
closing at 43Ac: October, 43c, closing at
42Isc: December, 39c, closing at 377sc;
May, 3SAc, closing at 3Slsc. Oats-No. 2
October opened at 2ilsc, closing at 24lsc;
year, 24c, closing at 24c; May, 2Sssc. clos
ng at 2S14c Mess Pork, per bbl--Octo-
her opened at Sl4.70, closing. at Sl4.57l2;
November, S14.o5, closing at $l3. 92l2; Jan
lO0lbs-October opened at $40. s5, closing
at 5000; November, 500, closing at So. 80;
January, $3.50, closing at $3.50.
opened at Ss.s2I2, closing at Ss.77I3;
January, S7I2l2, closing los o,,d at 81 10:
firm and unchanged. Wheat-No.
spring. 9484Q95Ac; No. spring. So0S212c;
No. 2 red, 94S4c. Corn-No. 2, 43Ac.
Oats-No. 2, 24c. Rye-No. 2, 5lc. Bar
ley-No. 2, 73@75c. Flax Seed-No. 1,S1.31.
Mess, per Dbl, S14.57l2. Lard-Per 100
lbs, S1O 7O@1O. 72l2. Short Ribs-Sides
Qoose), SS.S0@S. S2l2. Shoulders - Dry
sailed Cboxed), S7.62@7.75; short clear
sides (boxed), $500. %. Whisky-Distillers'
finished goods, per gal; $1;2O; Sugar-Cut,
Loaf sA@s9$e; granulated, 7a4c; standard
wheat, 10000 bu; corn. 347, 900 bu; oats,
209. 200 bu; rye, 1900 bu; barley, $4,000
bu. hipments-Flour, $4,000 bu; wheat,
$4,000 bu; corn, 210, 900 bu; oats, 150,o0j
bu; rye. 5000 bu; barley, $4,000 blu. On
the produce exchange to-day the butter
market was dull and UNCHANGED EGGS firm