St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-03
The COMMERCIAL RECORD.
5uIlish Reports from the Continent and
Dakota Give Wheat a
Boost.
Corn and Cats Shrink in Price, hog
Products Experience Slight
Advance.
financial Operations in Wall Street
THE General Quota
lions.
snecial TO the Globe.

Special to the Globe.
CHICAGO. Sept. Hutchinson took all the
wheat that went around on the monthly de-
liveries this morning. There were only about
1900. 600 bushels of it all told. Deliveries
of corn were light but the old gentleman
took in the bulk of this grain also. There
were no oats sent around. Deliveries OF lara
and ribs were large, considering the size Oh
local stocks, but of pork were moderate
Wheat started out as very tame day IN the
wheat pit and developed into roaring bull
occasion. The crowd appeared to be WITH
out motives early. There was an easier state
of affairs reported by cable abroad. There
were selling orders by the country at New
York and here. The shorts at New York
counteracted the early selling and helped the
rally. Here Hutchinson very nearly let the
market alone and because of the cables and
seaboard advices the tendency was slightly
downward. December started at 92Ac, went
off to elise, rallied to 924c, and up 10 noon
it looked as if the day would end as it begun
Then there were late cables giving more
rain and firmer markets in the Kingdom.
There were more letters confirming the bull
news from the Northeast. Those who
started to buy found wheat scarce. In thirty
minutes the price of December went from
924c to 93Ac, and the bulls could not get II
fast enough. Some realizing put it back TO
93c and again it went to 93l4c shortly be-
fore the close. September at the same time
was down from 934c early 10 92l2c. Re
ceipts here were 2I3 cars, with go
cars for Monday Corn opened easier
with wheat, and because the frOsIs predicted
did not occur. Receipts were 341 cars. and
the estimate for Monday 620 cars, was large
enough to help make the market heavy.
October started nj 447sc, touched 445sc early,
reacted to 447sd45c and closed at 44l2c.
There was pressure to sell September pork
at the opening, and that article started lit
tie lower, though lard and ribs opened abont
as they closed last night. First figures were
the lowest of the day. and the market soon
rallied, restingat 501Oc higher for pork, l5c
higher for September and October lard and
Sc better for January and at 1lI2@l5c ad-
vance for near deliveries Of ribs, all of which
were about the best figures of the day,
THE ROUTINE REPORT.
CHICAGO, Sept 1.-The wheat market OBJ
ened as a very tame bear today, but later;
developed into roaring bull. The crowd
appeared to be without motive early. There
was an easier state of things reported by the
cable abroad. There were selling orders by
the country. The exporters only looked on,
but the great quantity of long wheat was re-
New York counteracted the early selling and
helped the rally. December started at 924c,
went off to DISC. rallied to 924c, and up
to noon it looked as if the day
would end as il begun. Then there were
late cables giving more rain and firmer mar
kets in the Kingdom. There were more let
tiers confirming the bull news from The North
west. Those who started TO buy found wheat
scarce. In thirty minutes the price of De-
cember went from 924c to 93i4c, and the
bulls could not get it fast enough. Some
realizing put il back 10 93c, and again il
went up TO 93I4c shortly before the close.
September at the time was down from 93l4c
early 10 92l2c. Wheat clOesd active at about
the outside prices of the day, with
93IBd 93l4c for December. A feature
of the closing hour was the report of the
commissioner of agriculture for Dakota, put
ting the percentage of the crop at 70, and
making the yield not to exceed - bushels
peracre. This is even worse than the gov
eminent figures. Corn opened easier with
wheat and because the frOsIs predicted did
not occur The opening price for the month
was 44s4G447Sc, and the close was at 44l2c.
October started at 447sc, touched 445sc
early, reacted to 447s@45c, and closed
ct 44I2c Oats were dull and
weak; September closing l2c lower
Other futures A0Ssc lower. There was a
pressure to sell September pork at the OPEN
ing, and that article started little lower
though lard and ribs opened about as they
closed last night. First figures were the low
est of the day and the market soon rallied
resting finally 5@l0c higher for pork, 15c
higher for September and October lard, and
DC better for January and at l2I2@15c adj
vance for near deliveries of ribs, all of which
were about the best figures of the day.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 September opened at 93l4c,
closing at 92lsc; october, 9ll4c, closing at
9I7Bc; November, closed at 92I2c; Nav
96Ac. closing at 97l2c. Corn-No. 2 Septem-
Der, 447sc closing at 44l2c; October, 447Sc,
closing at 44I2c; November 4314c, closing
at 43c; May, 40lSc, closing at 1850. Oats
No. 2 September, 24l2c, closing at 24c; Oc-
tober, 245Bc closing at 24sSc; May, 2S5sc,
closing al 2Sl2c. Pork Mess, per Dbl Sep
TENDER opened at 81 10, closing at S14. 22l2;
airy, S13. go, closing at $3.50. Lard Per 100
September. closed at $9.55; October,
$945, closing at S9.57l2; November, IS 62I2,
closing at SS.6712 January. S., closing at IS.
Short Ribs. Per 100 Lbs - September
October, Ss.35, closing Assoc; Jan
uary, $685., closing at $685..
Cash quotations were as follows: Flour firm
and quiet; choice to fancy Western patents,
S4.66@4. rs: choice to fancy hard spring
patents, S5.15@5.3 80. Wheat-No. 2 spring,
9I&092lsc; No. 8, S2@S7c; No. red, 92c.
COrn-NO. 2, 44l2c. Oats-No. ., 24156l2
Rye-No. 2, SIC. Barley-NO. 2, nominal.
Seed-No. l fax, S1.23@ .23ls; prime tim
OILS, Lard, per 100 lbs, $3.50. Short ribs
sides Qoosel, Ss.45; dry sailed shoulders
(boxed), -S7.50@7.75: short clear sides
(boxed), sos. %. Whisky-Distillers finished
700 bbls; wheat, 12l, 754 bU; corn, 257, 1913
bu; oats, 329,7l0 bu; rye, 19,025 bu; bar
ley. %, 2S4 blu. Shipments Flour, 5.l06
bbls; wheat 81, 120 bu: corn. 295. 205 bu;
oats, 23S, $50 bu; rye, "a, $50 bu; barley, g.
III bu. On the produce exchange to-day
the butter market was firm and unchanged.
Eggs steady, 15l2016c.