St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-21
THE COMMERCIAL RECORD.
CuIlish Tendencies Develop Clamor-
ing for Wheat and Prices Go Up
Two N0tches.
Corn and Oats Take a Tumble, Hog
Products, by Heavy Sales, Clos
ing Easy.
Financial Operations in the Money
Centers---The General Quota
tons.
E%.ul to the Globe.

Spsc.ul to the Globe.
CHICAGO, Aug. 20.-Wheat started out fairly
active and strong this morning, but as the
session advanced the bullish feeling de-
veloped, and at thirty minutes before the
close the prices of all futures were advanced
1lac, with the crowd clamoring for wheat
and not great deal of it for sale. The news
was not altogether bullish, but that made no
difference. The activity and strength of the
morning took September close to SIC, from
which there was a reaction to S4s4c. About
noon prices advanced quite brishly, about 1c
additional. Wheat closed very strong at 1
p m. on the reports from the Northwest
The closing prices show and advance of
lac for the day. Corn market was dull
and heavy, and closed about steady at
Saturdays prices. There would no doubt
have been lower range of prices but for
the great strength in wheat. Early in the
session September sold from 445sc up TO 45c;
there was a sharp decline to 44ssc, from
which there was gradual rally with the close
at 14s4c. Oats started out fairly strong with
other grains this morning, but toward the
close there was weakening in prices for fut-
ure contracts, and the closings were about
II to sSc under those of Saturday. Receipts,
273 cars. Provisions were fairly active early
and showed some strength on local dispo-
" Dull lllG lilIhGt- lue HlSueI DIlCts
for hogs made this easier Short ribs for
September sold Ice higher at the opening
with pork also Toe advanced. Mess pork
closed sc higher at $3.50. having touched
S13S7.
THE ROUTINE REPORT.
CHICAGO Aug. 20.-Business on change
was resumed with considerable vigor this
morning, and the tendency of prices for ce
reals and hog products was upwards. The
action was slow, but was marked by little
nervousness ana no reactions. Wheat
started out fairly active and strong, but as
the session advanced the bullish feeling
developed, and at thirty minutes before the
close the prices of all futures were advanced
1l2c with the crowd clamoring for wheat,
and not great deal of it for sale. The news
difference. The activity and the strength
of the morning took September close
to S5c, from which there was a
reaction to S434c OH quiet spell, before the
visible supply was made known. The figures
showed an increase of l ,035, 900 blu, when it
was generally expected the increase would
be over 2.O0O,0UO bu. The cables were Of q
nature to encourage buyers, while reports
from the Northwest were conflicting. Some
of the more sensational kilograms from Du-
luth and elsewhere helped the bullish feel
ing, and about noon prices advanced quite
briskly about 1c additional. Wheat closed
very strong on the reports from the North
west. The closing prices show an advance
of lac for the day. The corn market was
dull and heavy, and closed about steady at
Saturday prices There would no doubt have
been lower range of prices but for the
great strength in wheat. Early in the ses-
sion, September sold from 445sc up to 45c.
but when the cars for tomorrow were esti-
mated at 725, there was sharp decline to
44Ssc. from which there was gradual rally
with the close at 41S4c. Oats were slow and
futures were ls@Ac easier in sympathy with
corn. Lard was but a few cents higher. but
short ribs and mess pork were bulled by the
local crowd, assisted by the fact that TO-
600 poor quality hogs were quickly bought
up at the yards at higher prices. In mes
and stronger feeling prevailed, first sales
being at an advance of loo ovor Saturdays
closing figures. Outside buying orders were
soon filled up, so offerings increased, and a
recession of 7l2@l0c followed. During the
middle of the session dizziness became de-
cidedly striking. but before the close trading
increased slightly, and reaction of 212@5c
followed, but the market weakened and
closed easy at inside figures. In short ribs,
first sales were at 7la@10c advance, a fur
ther appreciation of DC on October followed.
but recession of loo was soon recorded.
Later the market became firmer and closed
steady, with the bulk of the decline recoy-
cred.
THE QUOTATIONS.
Wheat-No. =. August, closed at sec: Sep
TENDER opened at S4Ac, closing at S57sc;
October opened at 95c, closing at s65sc:
May. 9l12c, closing at 92Isc Corn-No 9
August opened at 447sc: September, 445sc,
closing at 44S4c: october, 44SSc, closing
at 447sc; May, 39Asc, closing at 395sc Oats
No. 2, August opened at 25sSc, closing at
25c; September. 24ssc. closing at 24Ibc:
October, 24a4c, closing at 24I2c: May, 2S4c
closing at 2SAc Mess Pork perbbl-Septe m
Der opened at S13.S5 closing at Sl3. 81;
October, S13.9212, closing at S13.S5: Jan
uary opened at S12.1O, closing at SI3.021a.
Lard-per 100 lbs-August closed at
1895; September, Ss.97I2, closing at
SS.95; october, SS.971a, closing at So 92l2:
January closed at 81. 72l2. Short Ribs, per
100 lbs-August closed at $3.50: September
opened at 37l2, closing at $3.50; Octo-
opened at s6:75. closing at S6,67l3.
Firm and unchanged. Wheat-No. spring,
S5S4@S6c; No. 3 spring, 7S0SOl2c; No. 2
red, S6Ac. Corn-No. 2, 44s4c. Oats-No.
2, 24a4c. Rye-No. 2 4Sc. Barley-No. 9.
nominal. Seeds-FlaX, No L, ST. i961. 20;
jmothy, prime, 1920. Pork-Mess, per Dbl,
Sl3. S0@13. SIS. Lard-Per 100 lbs. SO 90.
Ribs-Sbort sides Qoose). So 25@S. 3212.
Shoulders-Dry sailed, (boxed), S7.4U@t7. so ;
short clear sides, (boxedD, SIS. 1908 Whisky
-Distillers' finished goods, per gal, ST. 20
Sugars-Cut loaf. S5sc: granulated, $500
FAC; standard "A, " 74c. Receipts-Flour.
1865 bbls: wheat S6,94I bu; corn, 2I7,,
242 bu; oats, 162, $50 bu; rye, IL OF bu i;
barley, $3.50 bu. Shipments-Fl b.
$50 bbls; wheat, 143, 500 bu; corn. 122, 40
bu;, oats. 134, 1873 bu; rye, 17.22S bu;
barley, SOY bu. On the produce exchange
to-day the butter market was unchanged
N,vaO -ntl 49, e..