St. Paul daily globe., 1888-08-09
The COMMERCIAL RECORD.
Wheat and Corn Go Sliding Down
the Scale Of
Prices.
Bats Show Small Improvement an
H0g Products Close
Away OF.
Financial Operations on Wall Street,
The General Quota
tions.

2 CHICAGO, H., Aug. S.-The large amount of
cash wheat delivered after hours yesterday
and the news of splendid growing weather in
the united kingdom, seemed to have crushed
any bull sentiment apparent On the floor
The September product opened at S3l2c and
fell as low as S3I8 in a few minutes. 1t
rallied little, but did not improve during
the first hour. owing to the amount of seat
tering long wheat offered for sale. The re-
ceipt of Beerbohm's Liverpool cables at noon
showed Il decline of from Cd TO Cd. Paris
advices brought news of a similar depres-
sion in France, and this was more than sufIi-
cient to break market susceptible to a de-
cline as wheat has been for some days past
Around this price it fluttered
in an uncertain way till the close.
So nervous ana excited was it that trans
action involving but 5000 bushels was suf-
fcent TO bull or bear the market Septem-
Der closedat S3lsc. Corn opened dull and
lower, with large sales on the part of Hutch
inson and Others. The market in provisions
was pretty generally raided. Roloson's sale
Of a long line of ribs (about 3.000.0o0)
bringing out the other stuff. The impress
sion, too, was given out that Armour was
5earish. The cash trade was dull. The
break in pork was from 22l2c to 25c; in
lard from 7I2c to Zoe; in ribs from 25@2712c
The inspection report places the receipts at
119 of winter. 9 of spring, 297 of corn, "a
of oats and 13 of rye. The shipments were
S94 bushels of winter, 1929 of spring, 2O7,-
1877 Of corn and II, 76S of oats
THE ROUTINE REPORT.
CHICAGO, Aug. S.-The action of the mar
ketS this morning was more mild than for
many days AT times there was fair activity
In all the pits and The exchange floor. but
that was confined to the rallies or up turns
in prices. The general tendency was down
ward. Wheat was quiet and u 70 S4c lower
during the forenoon. At 1870 it touched
S27sc,a decline of 1c from the close on Tues
day. The price was above 93c again
in an instant for while the ten
dency of prices for the session was
downward, there was stubborn fight
ing all the way down. Wheat closed fairly
steady, about 5Bc under last night In corn
the range was quite narrow. and closing
prices were very nearly the same as on Tues
day. Oats were quite firm and independent
of the earlier market for other grains. Prices
show small Improvement. Provisions
were active but weak and lower. Short ribs
showed the greatest decline and the price
for September dropped from SIS to SS. Is
and closing sales wer. at SS.17l2, net loss
of 37l2c from Tuesday Lard closed Zoe
lower. Pork was offered more freely than
buyers were disposed 10 take it. and Septem-
Der broke from Sl4.30 TO S14.O5. but closed
at S14l5.
THE QUOTATIONS.
The leading quotations ranged as follows:
Nheat-No. 2 August opened at S27Sc clos
ing at S2@sc; September, S3lac, closing at
S3Isc; October, S4Mc, closing at S334c;
May, S9Ssc, closing at $3.50. Corn-No.
2 August opened at 457Sc, closing at 466c;
September, 4516c, closing at A5s4c; October
447Sc, closing at disc; May, 39lsc, closing at
39l8c. Oats-No. 2 August opened at 25c
closing at 251sc; September. 24Isc, closing
at 24Ssc; October, 24SSc, closing at 245sc;
May, 2Sc, closing at 217sc. Mess Pork. per
bbl-September opened at S14 80. closing
at S14.17l2; October, S14. 27I2 closing at
S14l5 January, S13.O7l2, closing at
$l3.02I2. Lard, per 100 lbs September
opened at SS.S7l2 closing So. IS; October,
$3.50, closing at SIS. S2I2. Short Ribs. per
100 lbs-September opened at SIS. 40, closing
At Ss:l7l2: October, SS.35. closing at
Cash quotations were as follows: Flour
Firm and unchanged. Wheat-No. .
spring, S2h@S25sc; No. } spring. 75@SOc;
No. red, S6l2c. Corn-No. :, 46l2046c84
Oats-No. new, 2514c. Rye-No. .. 47la@
4Sc. Barley-No. ., nominal; Flax Seed
No. l, Sl.10s4. Prime timothy seed, S2.1O.
Mess Pork-Per bbl. S14.200l425. Lard
Per 100 lbs, SS.SG0S90. Short ribs, sides
Qeosel, S115GlS %; shoulders, dry salted
tboxed), S7.4G6750: short clear sides
!boxed), SS.90W9 Whisky. distillers' fin
tshed goods, per gal. S1.2o. Sugar-Cut loaf,
S5Sc; granulated. 775@Sc; standard "A,
Tl4c Receipts-Flour. 900 bbls; wheat
114,0Oo bu; corn. 311,o00 bu; oats, 147,-
600 bu; rye, 1000 bu. Shipments-FIour.
10000 bbls; wheat $4,000 bu: corn, 253.-
600 bu; oats. $4,000 bu. On the produce
exchange to-day the butter market was
steady and unchanged: eggs not quotably