St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-11-12
The COMMERCIAL RECORD.
Bears jump OH the Wheat Market, But
1t Partially Receivers From
the Assault.
Corn Rules Easier, Oats Take Tumble,
Fog Products Also Taking a
Tumble.
Financial Operations in the Monetary
Centers---Tae General Quota
tons.
Special to the Globe.

CHICAGO, Nov. 1O.-Ine wheat niaIheb was
again largely in the hands of professionals A
few prominent operators were on the bear slae
most of the session without causing any ols-
astrous break. Good judges now claim that
there is a very large short interest here and
that it will in time prove an element OF great
strength when the short sellers want to buy.
Even the very conservative bulls who nave
felt that prices were pretty high looked at
the very light receipts everywhere to-day and
thought thar the prices were justified. Out
side markets were weak, and at New York, ST.
Louis and Duluth the decline from opening
figures was about s4G1 cent. Some new
export business was talked at New York.
This had no effect here with Hutchln-
son, Ream, Lind and the crowd sell
ing. May sold at SLY down to SLIDE, up
TO S116, down to ST. 1925, and after another
reaction, down to S1.551A the bottom for the
session up to p. M, and then rallied again
at that hour to ST .16la December ranged
from 34c to 1sic discount. Receipts here
we've III cars Primary receipts, $4,000
bu wheat against 417,009 bu this day last
week, and 703, 900 bu this day last year.
May wheat closed for the week at 81. 1912,
the figure around which the price hung
closely all day. This was loss from last
night of 1l2c, and an advance over the close
of last week Of lac. Conditions were
REASONABLY good for ali advance III corn Fri
day. but it was sold freely and the
shorts filled up To-day the conditions were
even more buIlish, but there was no
short interest and as Hutchinson did not see
fit to come in and buy there was heavy.
duh market. and prices declined about sSc
for all futures. November kept at about lie
premium over December, selling at 41S4c
early, and closing at 4lSsc December sold at
4lc down 10 4014c, up to 40l2c and closed at
40ssc. May sold at 39A@39sS@396Sc, clos
ing at the bottom. Receipts were but $50
cars, with just one-third of the number
graded No. 2. Out inspection was $4,000
bu. Oats were quiet, and closed unchanged;
receipts. 100 cars. Provisions were dull,
narrow and featureless. January pork sold
at S14. 7O@14.75, closing at Si4.75. Final
1ignres were not much different from yes
terday. May pork rested at S15.o5, May lard
So 80, January lard $50 and January ribs
S747l2.
THE ROUTINE REPORT.
CHICAGO Nov 10.-Wheat was again heavy
cred some, and closed steady. Local traders
were again 'bearishly'' inclined, and some
of the large traders backed their opinions
with selling considerable wheat, but opera
tors generally were disposed to act eau
tiously. There was covering by shorts at the
decline. The opening was ss034c below
yesterdays figures and ruled heavy, declin-
ing with some fluctuations l2c more, recov-
cred some and closed about l6ac lower than
Yesterday There was only moderate de-
gree of speculative activity manifested in
corn. Trading on the whole was of small
volume. The feeling developed was in
elined to easness, the weaker tone of
wheat having considerable Influence on the
nom IlAaT0 h 10 col
ling by local longs. Opening sales were at
lie advance over the closing figures of yester-
day. after which the market sold Off ss984c,
reacted some, and closed 14@3sc lower than
yesterday. In OATS, May delivery receded
from Yesterdays closing quotations. and the
early market was weak. a subsequent I'M
provement. however, took place, which
caused a reaction. quiet and steady closing
at about yesterdays final figures. Little in
terest was manifested in the market for mess
pork, and the feeling was easy. Prices ruled
2la6l5c lower and closed quiet at outside fig
ures. Offerings were rather light and the
demand limited. Very little business was
transacted in the lard market. Offerings
were small and demand light. Prices ruled
about 2l2c lower and the market closed
quiet. Trading was light in the rib market
and the feeling was &c higher. with prices
favoring buyers.
THE GENERAL QUOTATIONS.
Wheat-No November closed at 81. 1879;
December, 81. 1873, closing at $1.14l2; JAN
uary, $1.12l2, closing at Slips; May,
S1i7. closing at S1.15s4. Corn-No. . No
Vember opened at 42c, closing at 41l2c; De-
cember 41c closing at 40SSc; January,
3S84c closing at 3sl2c; May 395sc closing
at 3914c. 0ats-No November opened
at 25e, closing at 25lsc; December, 25Ac,
closing at 2514c. Mess Pork. Per Bbl-No
vember closed at S14.55; December closed at
S14.50; January opened at S14.72l2,
closing at S14.75; May, SIS, closing at
S1jO5. Lard, Per 100 Lbs-November
opened at So. Is, closing at $3.50; December,
SS.07l2, closing at SS.OIla; January. S.. 10,
closing at $50. Short Ribs, Per 100
Lbs-November closed at $3.50; January
opened at S7.47l2, closing at SAFE,
Cash quotations were asfoilows: Flour duh
and neglected. Wheat-No. 2 spring, 81. 100
1.13l2: No. 3 spring, s5l2@s6e; No 2 red,
S1l3@1 1914 Corn-No 2, 41s4c. Oats
No. 2, 25c. Rye-No; 2, 55c; Barley,No
9. none. FlaXseed-No. l, S1.47l2@1 As.
Timothy Seed-Prme. S1.47@1.4e. Mess
pork per bbl SI4 rs. Lard, per 100 lbs,
$Sl7I2. Short ribs sides Qoose). $3.50; dry
sailed shoulders tboxed), S7.75@S; short
clear sides (boxed), S.. 25@S.37l2 Whisky
-Distillers' finished goods per gal, 81 90
Receipts--Wheat, $4,000 bu; corn. 1890
pu; oats, 100000 bu: rye, 5000 bu; bar
ley, %, 900 bu. pments-Wheat $4,000
bu; corn, $4,000 bu; oats, 24S,000 bu;
rye, 1900 bu; barley, d 900 bu. On the
produce exchange to-day the butter market
was steady and unchanged. Eggs steady
and unchanged.