St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-01
The COMMERCIAL RECORD.
Conf icting Reports and Exceptionally
Heavy Selling Force Down the
Price of Wheat.
Corn Closes FractiOnally Lower, Oats
Show a Gain, Provisions Ex-
periencing a Decline.
Financial Operations in the Money
Centers---The General Quo
tations.
hfecial TO the Globe.

efecial to the Globe.
CHICAGO, H., Aug 31.-Wheat kept the
crowd guessing to-day, or rather one-half the
trade kept the other half chasing after them
There was no decided change in the infor-
nation from the Northwest or from abroad.
Cables gave British markets rs easier ON the
whole, while closing cables represented En-
glish country markets as dearer and the
weather none too favorable. = At New York
exporters were either waiting or on the sell
ing side. a great quantity of long wheat
was on the market at New York as well as
here. Al all the exchanges the bear feeling
was quite strong early, but when any short
Interest was created and few buying orders
came in there was sudden bulge, showing
that the shorts felt less safety than the
longs. In this market Hutchinson sold most
Of the session. Even with this filling up of
the crowd there was no serious break. The
1-cent gap remained between September and
December. September sold at 94c down to
927Sc up to 93c or better. The off 10 925sc,
the bottom for the day and then bulged lie
10 935sc. Receipts were lS2 cars, and the
estimate for 200. There was range OF about
lie in corn to-day with the close fractional
lower than yesterday. September started lac
higher at Haze and rallied 10 455sc from
which it broke TO 4ls4c and rallied to 45c at
the close. The strength early was attributed
10 the frost in the Northwest and was helped
BY the shipping demand. Receipts were
S94 ears, the out on inspection
49,, 900 bushels, and charters re-
ported to-day reached nearly 10000 bu.
ais were active, and those who controlled
prices for the month made it interesting for
the shorts. August sold on the squeeze up
20 27c. Receipts were 265 cars, and for Sat
urday 260 cars. There were no special
features 10 the provision market The open
Ing was steady at about last nights close,
after which there was a slight decline in
sympathy with the grain market Subse
Quently there was a gradual Improvement
and the close was at the best prices of the
day, showing small advance all round as
compared with last figures Of yesterday.
THE ROUTINE REPORT
CHICAGO, Aug. 3I.-Wheat kept the crowd
guessing to-day, or rather One-half the trade
kept the other half chasing after them.
There was no decided change in the in
formation from the Northwest or from
abroad Cables gave the British markets as
easier on the whole, while closing cables
represented English country markets as
dearer, and the weather none too favorable.
A great quantity of long wheat was on the
market here. The early dispatches from the
Northwest, saying that wheat Is out OF danger,
were upset by letters from experts now in the
Devils Lake country, saying that the worst
features Of the frost damage had not been
exaggerated The bear feeling was quite
strong early, but when any short interest was
created and few buying orders came in.
there was sudden change, bulge, showing
that the shorts felt less safety than the longs.
In This market, Hutchinson sold most Of the
session. Even with his filling up of the
crowd. there was no serious break. The lc
gap remained between September and De-
cember. September sold at 94c. down to
927sc, up to 93c or better, then Off TO 92sBc,
the bottom for the day, and then Dulged lc,
20 $3.50. December sold at 927sc, down to
92c, and after n bulge, down to 9lsSc,
again tulged to 925sc, but weak
ened toward the close. After
all the efforts to break wheat and a range Of
about lac for the session, the price of De-
cember closed at 924c, CSC under last night,
and ssc over the bottom price OF the day.
There was range Of about 1c in corn, with
the close fractionally lower than yesterday,
September starting 4c higher at 45l2c and
sold at 1850. from which it broke to 44s4c
and rallied TO 40c at the close. The strength
early was attributed to the frost in the
Northwest and was helped by the shipping
later and prices went down quite
sharply Oats were active and
those who controlled prices for
the month, made il interesting for the shorts.
August sold on the squeeze up TO 25c and the
price dropped TO 25Ac. Belated shorts, how
ever, again put the price to 26S4c at the
close September closed at 24l2c. All fut-
ures trifle higher. There were no special
features to the provision market. The open
ing was steady at about last nights close,
after which there was slight decline in sym
pathy with the grain market. Subsequently
there was a gradual improvement, and the
close was at the best prices OF the day, show
ing small advance all around, as compared
with ting last figures of Yesterday.
TIE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. August closed at 94c, closing
al 93l2c; September opened at 94c, closing at
93I2c; October. 9l$Ic, closing at 9lSsc; May,
S6S4c. closing at 9bSsc. COrn-No. august
opened at 4514c, closing at Use; September,
45I2c, closing al 45c; October, i5Ssc, closing
al 45c; May, 3934c, closing at 4US4c. Oats
No. August opened at 23$Sc, closing at
26S4c: September, 2l14c closing at 24c; Oc-
t0ber 24l2c, closing at 24s4c: May, 2Sl2c,
closing al 2SS4c. Pork, Mess, per Dbl Au-
gust, closed at S14.22I2; September opened
SlL15, closing at Sl420; january, Sl3 42l2,
closing at Sl5.52l2. Lard Per 100 LBS
August closed at 1910; September. $3.50
closing at $40; October, S9.31l2, closing ut
Short Ribs, Per 100 LDs-August closed
at 50. 32l2; September opened at SS.23, clos
ing at SS.32l2; October, SS.25, closing at
$3.50; January, S6.S5, closing at $500.
and unchanged. Wheat-NO. 2 spring, 1914
"a 93I2c; No. 5, S59SSc; No. 2 red, 934c.
Corn-No. > 45c. Oats-No. 2, 26l2c.
Rve-No. ., 52c Barley-No. ., nominal.
Sted-No. l flax, Sl.23; prime timothy,
unchanged. Mess pork, per Dbl, Sl4. 22ls0
1925, Lard, per 100 lbs, $40. Short ribs
sides QOOse), SS.3O61S.32l2; dry salted
shoulders (bcxed). S7.5O07. 70; short clear
sides (boxedl, S9G9.25. Whisky-DistiIlers'
finished goods, per gal, Sl.20. Sugar-Cut
luaf, SIS6SI2c: q alulated 75s617s4c; stand
ard "A 74c. Receipts-FlOur, 9,l05 bbls;
wheat. SO,9I4 bU; corn, l6S,6S2 bu; oats,
los, 400 bu; rye, 2l,222 bu; barley, 1871
bu. Shipments-FlOur, 14,99l bbls; wheat
1I3,4S9 bu; corn. 5IS,3z3 bu; oats, L, l24
bu; rye, 81, O40 bu; barley, 6,2O7 bu. On
the produce exchange to-day the butter
market was firm: creameries, Elgin, 21622c;
choice extra. lSQ 9l2c; dairy, fancy 15isQ
lie: good, l2@tI 3l2c. Eggs firm; choice
northern I5ls6Ll &c.