St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-22
THE COMMERCIAL RECORD.
Wheat Assumes a Downward Course and
Closes Practically Lower Than on
IA ursday.
Corn Drops in Sympathy, Oats Close a
Shade Higher, Provisions Being
Active.
Financial Operations in the Monetary
Centers---The General Quota
tons.
Special TO the Globe.


CHICAGO, Dec. 21.-One cent under the
closing price for May wheat last night APP
peared to be the turning point to day. The
news of the break in prices just before the
close at Minneapolis and Duluth on Thurs
DAY was not received before the close here,
but had its effect on the curb. As result it
was thought that decided break might be
III order here early. There was weak OPEN
Ing at S1.O7SI or s4c under the close; early
to Sl.OS at once, a decline during the first
half hour to S1.07is, another rally to 81 .0S,
second decline to 81 .07ts, and before p.
m. the price was put up to S1.OSi4,
with activity in the pit. 1t was claimed
that Hutchinson was buyer each
time at the bottom, and Ream was a buyer
each time at S1.OS, helping to steady the
marker at that point. January sold at .O3,
OF to Sl.02A; July opened at 97Ac. AT
New York May was off lie from last night, at
Sl.OSIs. Duluth was off to Sl.24I2 for May.
Receipts were forty three ears, with fourteen
cars of No. 2. The action for the day tended
to create short interest, which added
strength from time to time, but the bulls
were not willing to buy heavily against the
intrinsic value of the stuff Ten minutes be-
fore the close May was at Sl.08, the point
where most of the fighting for the day was
done. Wheat closed at SlOS for May or l2c
lower for the day. There was a downward
tendency in corn after the first hour.
Opening prices were steady at 34lac for
January and 37lsc for May January sold
up 10 34s4c and back to 3414c at the close.
May sold at 37lsc for May january sold up
to 34a4c and back to 34Ac at the close. May
sold al 37iac and back to 37lsc at the close
December sales were at 34834sse, closing at
Sac. Receipts were 296 cars, with an esti-
mate of 305 cars for Saturday There were
but IL cars of No grade. There was fair
activity in provisions and considerable
strength shown on general buying. Receipts
at the yards were but 10000 hogs and prices
q trife higher. Receipts at six packing
points were IL 1000 as against 1900 one
year ago. The receipts for the week here
will be fully $4,000 hogs short of the esti
mate made one week ago. Short ribs showed
the least activity and strength, and May sold
but sc over the opening price, at S7.O212.
January lard went to S7.95: May to So.
January pork touched $500 and May
Sl3.62l2, but the close was weak al SIS 12Is
for January AID $3.50 for May. with May
lard back to S7.92l2. December lard was
active. selling at SS.I5@S.45 and closing at
$40. Oats were steady and a shade higher
Tor May. RecelptS, J4l cars
THE GENERAL QUOTATIONS..
Wheat y 2 December opened atS1 .0354,
closing at 0sa4; January, Sl.03, closing
at Sl.U7s4 nay. 81, 9Is, closing at S1.OS
July, OLA closing at csc. Corn-No.
? December opened at 34Ssc, closing at 34c
January 34I2c, closing at 34Ac: May, 37lsc
closing at SIC. Oats-No. December
opened at 25c. closing at 25S4c; january
closed at 2534c; May &c, closing
at 29lsc Mess Pork. Per bbl-December
closed at S13.05; January, $I3.IO, closing
at SIS .12l2: May. $3.50, closing at $3.50.
Lard, Per 100 lbs-December, opened at
IS. Is. closed So A.: January. 81 80, closing
atS7.S7l2; May, $3.50, closing at S7.92l2.
Short Ribs-per 100 lbs-January closed
at $500: March opened at S697l2. clos
ing $685.; May, S7.02ia, closing at 500 !;
Cash quotations were as follows: Flour
firm and unchanged Wheat-No. 2 spring.
SI.OlI2@l 0ls4, No. 3spring, S5@94c; No
2 red, Sl.0ll2@l.0l% Corn-No. 2, 34c.
Oats-No. ., 255Sc. Rye-No. 2. 5Uslc. Bar
ley-No 9, none. Flax Seed-No. l, 81. 63.
Timothy Seed Prime, Sl4S. Mess pork,
per Dbl, S13. 1o@l3. 10. Lard, per 100 lbs,
dry sailed shoulders (boxed), S6.751b. S7i2;
short clear sides (boxed). S7.25@7 37I2.
Whisky-Distilers finished goods, per gal,
Sl2O. Sugars-Cut loaf. SM95sc: granu-
lated 7I2c; standard 7Isc. Receipts
Flour "a, 100 bbls: wheat, 81 900 bu: corn,
$4,000 bu; oats, $50, 900 bu; rye 5000 bu;
barley, $4,000 bu. Shipments-Flour, 5000
bbls; wheat. Is, 1000 bu: corn, 3I4, 900 Blu;
oats, Ill 900 blu: rye, 1000 bu; barley,
the butter market was dull and weak fancy
creamery, 2S@3dc; good to choice, fine
diaries, 22@23: good to choice, 20@22c;
Eggs dull and weak at 21c.