St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-10-24
The COMMERCIAL RECORD.
Heavy Selling ~ Old Hutch and Others
Causes Wheat to
Sag.
a Sharp Decline III Corn, Oats Quiet,
Pork and Lard Also
Slumping.
financial Operations in the Monetary
Centers--The General Quo
tations.
Srecfal 10 the GIohe

SueciaI 10 the Globe.
CHICAGO. Oct 23.-If Hutchinson or any
other millionaire holds large quantities Of
December wheat with view of corneriEg II
luIirely or in part there was big effort
uade to-day to remove that idea from the
minds of the trade Following the heavy
fe!iug by Hutchinson Yesterday he was an
nI.eu seller most Of the session to-day, with
80 action in any of the outside markets to
five any new strength. and with outsiders
IfIaid 10 DO anyth NJ here on either side. it
ra> but natural that prices should 60 OF.
The most marked decline was in December,
IL ihst was out of all proportion. The de
riIie at 1880 p. N. was from 81 .lJi2 10
Si-l3. and at p IN il was again al Sll4i2-
Nay sold from S1.l3ls 10 SLIPS. The rad
i.- was not large IL volume. Receipts
here were 2I5 cars, with Is Of spring
ard - cars OF winter graded No.
- Receipts at Minneapolis were but
1.300O Blu. or abtu- oue-Ihird Of !he Mon
dsy receipts On the other hand, receipts in
creased at Duluth and reached over $4,000
bu. with a good percentage Of No. l hard
wheat The export cltaTauces we're confined
L. 1000 bu al Philadelphia. The last
twenty minutes Of the session brought re-
ac ion of 1l2c il December wheat ana, after
selling from SI.I3 10 SLI4I2, the close vas
al Sl.I4 or 15sc under last night. October
ciu>ed at SI.124, and May at SLl32s The
corn market was heavy again today. and
sharp decline resulted. Hutchinson was Gu
tie selling side. The new feature was the
Volume of trading in May, and The decline Of
So in that future. November was still more
Affected, and, after oUening at 42@sc, sold
down 10 41i4c and closed l2sc lower al
4iisc d decline of about sc in the last
Do,
$50 ears; estimate, 40 cars for Wednesday;
cal inspection, 427, 900 bu; charters to-day,
100000 bu Oats were quiet and without
material change. Receipts, 2o5 cars. Pro
visions were lower January pork opened DC
higher at Sl4S2l2. and around S14 so the
AAsio-American company were free buyers.
Baldwin. Clifford and the professional scalp
eI> and room traders sold and hammered
tie market. and it went to $14.45, closing at
SIL55. Bloom was credited with selling,
and, as he is supposed 10 be heaAly loaded,
some apprehensions Of 4 serious break were
i. order. November lard followed the lead.
going to 1925. The close was al SS.37l2,
decline of 22I2c. January lard lost bit 2l2c-
The same option of rjUs closed 7l2c lower.
Il; S7.32l2.
THE ROUTINE REPORT.
CHICAGO Oct. 23-The general condition
Of The wheat market remained unchanged.
= fair business was done. principally IN May.
Operators are not showing much inclination
20 touch December excepting III way Of ef
feeling settlements prominent local
trader was again credited with being rather
free seller to-day, but operators are disposed
t. act cautiously. and look upon the actions
OF lie trader il question with considerable
Cl-tTust. The matter OF fact Is that the mar
kat u late has acted so contrary that they
b state about trading. even in backing their
own conclusions OF views OF the market:
The feeling was weak. and prices declined
&5Sc Tor December and lac for May, held
s;c,dy for some time, then ruled ETmer.
and closed about l5sc lower for
December, and lsc lower fer May
tEru the closing figures OF yesterday
Corn was fairly sctiye and quotaby weaker.
TIE easier lie cling that has prevailed the
I->t fesy DAYS was manifested to-day, and the
iLiUences on the market were much the
same rs they have been recently-malnly the
CuCIatiOn Of large local holder. There ap-
Vcared to be very little outside inquiry, and
me local demand was limited TO supplying
wants Of shorts who purchased. ana this
Vas about the only support 10 the market
First sales were l4@Ssc lower than roster
GAYS closing quotations, with offerings very
liberal and the market sold off with some
fluctuations, l49 lSsc; reacted some. aGd
closed with near futures lac Sac, Decem-
heI Sc and May I2c lower than yesterday.
Although cash oats were steady and
firm. future deliveries were weaker.
alI exhibit lsGAc lower prices
sad speculative trading was brisk and mainly
5Cr January delivery. Prices were Irregular,
offerings were liberal and the demand was
gEile active. Early sales were made al D and
l. cents advance. but the market soOE weak-
eLed. and a reduction OF 4o042t2c
was submitted TO. Towards the close the
market was steadier and prices rallied log
1Ic, trading moderate. Lard sympathlzed
IL some extent with the decline IN mess
J. * and ruled weak during the greater Dor
ion of the session. Offerings were fair,
while the demand was moderate Prices Qe-
Ciiaed > G25c per l . pounds on the
whole range. but rallied Slightly near The
dose Short RIBS received considerable atteu.
tan in speculative way, ana the market
ruled rather weak. Prices declined ia and
IL cents on the whole range, and the market
Ciu~ed quiet.
THE GENERAL QUOTATIONS.
Wheat-No. , October closed at Sl.124;
November closing at 81 1874 December
o2eued at SI.l514, closing at Sl.l4; May
tober opened at 42lsc, closing at 4lSsc;
November. 42Ssc, closing at 4ltac; De
crmbeT, 40c. closing at 39l2c; May, 394c,
closing al 3SSsc. Oats-No- > october opened
al 34I4c closing at 245sc: November, 244c,
closing at 24s4c; December, 25Isc, closing at
2Jiec; May, 294c closing at 29i5c. Mess
i,Ik. per bbl-Noyember opened al Sl4.75.
closing at SI450; January, Sl4. s2i2. closing
at Si455; May, SIS, closing at S14 Is
Lard. per 100 lbs-Oclober closed a. s. so:
November opened At s. 90, closing at
$~.:}7I2; January. 81 21ia, closing al :. 22tz
May - 40 closing at So.37l3. Short Ribs.
It 100 lbs-OctobeT. Closed al S7.T5; Janu-
arv opened at $40, closing at $ 37l2.
Cash quotations were as follows: Flour
]. ces irregular and unsettled, making it diff.
icilt 10 make quotations; feeling easy.
Nheaj-NO. spring, SI11l2lLl24: No. )
spring, S568Sc No. ? red. SI.liizd 1919
Cori-No. =. 4lssc. Oats-No >. 24I2e
Pyc-No. ., 57i2c. Flax Seed-No / SI49
C:l.3p. Mess Pork-Per bbl. S14 S7l2G15.
Lagd-Per 100 lbs. Ss.75GS 50. Short Ribs
Sijes loose). STD: dry sailed shoulders
tluxed). SS.37I2; short clear sides boxed,
s. 5C0S.75. Wbisky-DisIIllers' finished
=, IDS per gal, 81 20. Sugars-Cut loaf. GA
o 9Izc; graduated. 7sse; standard "A, Tssc.
Eeceipts-FIour, Is, 900 bbls; wheat, 10000
be-; corn, 41S0a0 bu; oats. $4,000 bu;
Iye 33,O 600 bu; barley. 10000 bE. Ship
nents - Flour. IL 900 bDls; wheat. 1900
la. corn, 427 900 bu: oats, I65, 900 bu;
rye, II, 600 bu; barley, $1,000 bu. On the
produce exchange o-day the butter market
WAS higher; Elgin creamery 26i2G27l2c;
choice western. 23125c: choice diaries. 2I9
%; common 10 fair, I5G1Sc. Eggs steady