St. Paul daily globe., 1888-08-30
The COMMERCIAL RECORD.
a Reaction Sets in, Resulting in Gen
eral Falling Off in
Prices.
Wheat Closes One Cent Off, Oats and
Corn Steady, Hay Products
Declining.
Financial Operations in the Money
Centers---The General Quo
tatiOns.
Snenial TO the Globe.

Special TO the Globe.
CHICAGO, Aug. 29.-Wheat was again
handled on q large scale. The range OF
prices was broad. The outcome of the day
was as much in doubt at noon as 1t was
thirty minutes after the opening. The ac-
ton of the market was an opening about 1c
under Yesterdays closing prices, an advance
of about 1c on the opening buying orders,
decline of Sac on realizing sales and short
sellers offerings then an advance OF 1l2 to
lac on the general situation, which carried
prices to the top figures Of the day. From
this point sellers put prices down to the
closing figures, Is to s4c under yesterday S
close There was but little change from
yesterday, in foreign advices, and the violent
fluctuations may be attributed to rehash of
yesterdays news and to local influences.
Receipts, los cars. There was little new in
corn. Prices opened a shade lower, but the
receipts fell short of the estimate and the
heavy buying of wheat. stimulated corn to an
advance to 45lsc September and October.
Later with wheat, prices eased off to 5s@7sc
under last nights prices, for the nearer
futures. Receipts AGO cars. Oats were strong
and trifle higher. Receipts, 251 cars Pork
declined through a lack of support, but lard,
after an easier opening held Its own, ad-
vanced and closed higher. Short ribs were
in good demand and gained 212@5c.
THE ROUTINE REPORT.
CHICAGO, Aug. 29-Wheat was again
handled on big scale. The range of prices
much in doubt at u o'clock as it was thirty
minutes after the opening. The action Of
the market was al opening at much lower
figures, an advance of about 1c on the open
ing buying orders, a decline of Sac on realiZ
ing, then an advance of 1l2c to lac, which
gave the top figures of the day, from which
there was a general falling Off in prices,
which left futures on the whole under the
closing prices yesterday. There was
little change in the tone OF public or private
cables. The most sensational talked of mil
dew, smut, rust and floods on the other side.
While foreign markets We're firm and prices
somewhat higher, they did not warrant such
advices. In the northwest the weather was
clear and warm, with conflicting dispatches
and letters regarding the damage already
done. September sold at 92Ssc up to 93l2c,
back TO 924c, up to 94c and back TO 9234c
near the close. The close was marked by
weakness, and prices went 1S@Ac under the
close of yesterday. There was little new in
corn. Prices opened lower, but the receipts
fell short of the estimate and the usual buy
ing in wheat early helped corn. Sep
tember sold at 44I2@4512c and
closed at 45ISc. october acted
with September. Oats were rather
frmer, but without changes of importance.
Pork lost some of the ground gained recently
through the lack of any particular bull fac
tors, and as holders were willing to dispose
of their property at the market prices, de-
clined for lack of support. October pork
opened 10c lower than last night, but ad-
yanced little under buying by hutchinson.
Subsequently the price sagged off until it
sold at Sl4. 10, closing at S14.2 %. This was
loss on near futures of lTl2622l2c, though
January closed 2I2c higher than Yesterday.
Ribs advanced 5@10c, offerings being well
taken. Lard ruled quiet, closing little
lower for nearby months.
THE QUOTATIONS.
The leading futures ranged as follows:
tember, opened at 92c, closing at 92I2c; Octo-
ber,9lc, closing at 9l$4c; May. 96I4c. closing
at 967B. Corn-No. = August opened at 44I2c,
closing at 45c; September, 44l2c, closing
May ,40c, closing at 401sc. Oats-No. 2 August
opened at 2434c, closing at 25c; September,
2412c, closing at 24$sc; October, 24Ssc, clos
ing at 245sc; May, 2sl5c, closing at 2s5sc.
PP9orrkamoMess. ao per bbl, August, closed at, at,
closing at S14.2O; October, S14.37l2, clos,
ing at S1425; January, S13 10, closing
at S13.52R. Lard, Per 100 Lbs-AAugust
closed at S952l2 September. 50. .37l2
closing at S9.5212; October, S9.45, closing al
$9.52l2; January, S7.s5, closing at 81. 92l2
Short Ribs. Per 100 Lbs-August closed al
SS.42l2; September opened at SS.42l2, clos
ing at SS.42l2; october, SS.45, closing al
$40; January, S6.S7I9, closing atS6. 80.
Cash quotations were as follows: Flour firm
patents, S503.25: bakers, So. .7504. Wheat
No. spring, 92lS@92Ssc; No. 3, s5@SSc:
No. 2 red 92s4c. Corn-No: 2, 45c.- Oats
No. 2, nominal. Seed-No. 1 fax, S1.22l2
prime timothy, Sl70@l 80 Mess pork pei
bbl, Sl4 90. Lard, per 100 lbs, S9.50@9. 81 Dig
Short ribs sides Qoose), SS. .40@S. .42la; dry
salted shoulders (bcxed(: s.. .50@7. 70; shor
Distillers' finished goods, per gal, ST. 30
Receipts-Flour, 33960 bbls; wheat, 80, Zoe