St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-22
The COMMERCIAL RECORD.
Bullish Foreign News and Heavy Buy
ling by Prominent Spectators I'M
prove the Prices of Cereals.
bog Products Being Neglected Lag
in Value All Along the
Line.
Financial Operations in the Money Cen
ters---The General Quota
lions.
Special to the Globe.

Special to the Globe.
CHICAGO, Aug. 21.-Wheat has not yetfin-
1shed its advance, so the bulls say, and, Judging
by its actions this morning. they are right.
The sentiment favored bulge and the news
from Antwerp of rain all through Holland
and Belgium helped that feeling strongly.
The confidence in wheat was catching, and
it was not long before the crowd were bullng
it vigorously. The foreign houses all bought
heavily and there was good country trade
besides. Hutchinson was a heavy buyer.
The spectacle of September selling at s6l2c,
however, was too much for many of the
shaky ''longs," and they fastened to realize
before they were caught Schwartz and Du-
pee came in out of the wet and profited large
ly, for they bought far back when the price
was at low water mark. The talk is now that
September will be 90c before the week is out.
There was considerable excitement in corn
once or twice during the day, but the scalpers
for the most part were watching
the wheat market. Norton and Worth
ington sold 100000 August to Foss and
bought September at the same price. One of
Bakers sales was $4,000 Du September at
445Sc. Several offers to take at this price
were made. but that seemed 10 be all Baxter
wished to dispose of that price. Hutch tried
to sell September, and between times he
picked up 100000 bu of that month at 445s
@44S4c. There was an active demand for
May corn, but most of the selling orders were
limited to 40c. The favorite bid was 1850
Mccormick bought considerable October
Hutch parting with 10000 bu at 44I2c
Hutch was a strong man in provisions, too,
for he bought l, 100000 pounds October ribs
on call and 10000 bbls of pork. He sold
5000 tierceS of lard. There are several bids
for S7.S2l2 for May lard. The estimate for
hogs tomorrow is 10000. Grain inspected
was 272 cars winter wheat, az cars spring
wheat, 10 cars corn. 332 cars oats. % cars
rye and Is ears barley. Shipments 3S,076
bu winter wheat, 7,4S2 bu spring wheat
221 ,451 blu corn and 5,S79 bu oats. The
Liverpool news said that wheat was Id
dearer, and all other products were higher.
The prices for American grain were tending
up.
THE ROUTINE REPORT.
CHICAGO, Aug. 21.-The trade appeared to
be a little at sea on wheat when business
opened on change this morning There
were numerous sellers for minute at the
closing price, shade under SIC for Septem-
Der. The first buyers offered S57Sc, and like
sheep the crowd turned all one way and bid
the price up to S65s0 S6S4c in quick time.
From this there was reaction to S6sS@S6l2c
before noon, with the pit quiet. The howl
ing time in the wheat pit came after -
O'Clock. At 1915 p. m. September was at
S6Ac, and at 1880 p. m. it was at
s S1;as ,h or lAe over IT. the opening
wheat were three in number Hutchinson,
the bullish foreign news and confirmation of
yesterdays reports from the Northwest. The
market opened, as stated, steady and without
leader. 1t was Hutchinson's opportunity,
and when he turned buyer of September the
crowd followed and put September S634c
an advance of about 7sc, While December.
which Hutchinson was selling only ad-
vanced l2c. to s9lsc. From these prices
there was a reaction on quiet market be-
fore noon. September sold down to S614c,
October from 975sc back to S6s4c, and De
just after noon 9i' caught G 'e the the "p pit.
and September went to S71sc re-
acting 14c. December sold up to
90c. Wheat closed for September just 1c
higher at S67sc. The action in corn was
somewhat similar to that in wheat. The
cash stuff was not in so good demand and
yet there was a bulge in September to 4oc
and a reaction to 44ssc shortly, with subse-
quent neglect, closing shade lower than
yesterday. Oats opened with good demand
for August delivery and an advance of 4c
on buying by Appointment SPECTATOR. Other
futures were not materially influenced and
quently lost. There was so much in
terest in wheat that the provision
market was rather neglected. The
opening was at about last nights clos
Eng figure, and was about the highest point
of the day. There was again little yellow
fever talk, and the market was without much
support most of the time. On the call, Hutch
inson brought half million October ribs
ana some October pork, selling about 1000
tierces of lard. There was good demand
for May lard. BY the close there was little
Improvement over lowest prices il pork and
lara. the former finally resting at S13.75 for
October, or loo lower than Yesterday, and
lard at SS.S7I2, loss of sc; short ribs closed
15c below the closing price of last night.
THE QUOTATIONS.
Wheat-No. ., August, opened at S55sc
closed at S67sc: September opened at So sc
closing at S67sc; October opened at S6s4c
closing at S7Ssc; May. csc. closing at 93c
Corn-No. 2, August, closed at 445Sc: Sep
TENDER, opened at 449sc. closing at 445sc
October, opened at 445sc, closing at 445sc ;
May. 397sc, closing at 397sc. Oats-No. 3
August, opened at 25c, closing at 25c: Sep
October, opened at 24l2c, closing at 245sc ;
May, opened at 2S14c, closing al 2S$sc. Mess
Pork, per bbl-August, closed at S13.6712;
Septe m5er opened at S13. S2l2 closing at
ing at Sl3.15; January opened at Sl3. 90,
closing at Sl2.9Il3: Lard-per 100 lbs
at ss.97l2, closing at Ss.s7l3; October,
Ribs. per 100 lbs-August, closed at S.
September SEP GO opened at at $3.50. clos
opened at $3.50, closing at S6.62Ia'
Cash quotations were as follows: Flour
Strong and unchanged. Wheat-No.2 spring,
S6S4@S67sc; No. B spring, 77@7Sc; No. 2
red, SSc. Corn-No. 2, 445sc Oats-No.
2, 25c. Rye-No. 2, 4Sc. Barley-No. 3.
nominal. Seeds-Flax. Mol, S1.21; timothy,
prime, 81 224@2. %. Pork-Mess, per Dbl,
SIS. 65@l3. GLE. Lard-Per 100 lbs, S.. S7Is
$3.50: Ribs-Sbort, sides 0oose) So. 12la0S Is.
Sho9lders-Dry sailed, boxed, $s.45@s. so;
short clear sides, (boxed), IS. SO@9. Whisky
-Distillers' finished goods, per gal. 81 90
Receipts-Flour, p, 796 bbls: wheat.
los, G45 bu; corn, 229,515 bu; oats,
QUILT bu; rye, 10, l66 bu: barley, 60I5
blu. Shipments-Flour, 14,76O; bbls:
wheat, 1900 bu; corn, 235. $50 bu T.:
oats, 1885, o2 bu; rye, 1892 bu;
barley, I,o3o bu. On the produce exchange
to-day the butter market was active and firm /.
choice creamery zoe, Western Iowa. l7@ISc
dairy, fancy, 15@15l2c; good. 1901 4lec.
Eggs steady; choice Northern, l49l4I
q ri NEWPnPT COM