St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-03
The COMMERCIAL RECORD.
Wheat Opens Strong, But After the
Transfer of Heavy Holdings the
Usual Saturday Break Occurs.
Corn Closes Heavy, Oats Attract But
Little Attention, and Bears Raid
Provisions With a Vengeance.
Financial Operations in the Monetary
Cen.ers---The General Quota
tons.
Special to the Globe.

Special to the GLOBE.
CHICAGO. Dec. Until near the close OF
the session it looked as if the usual Saturday
break in the price of wheat would not occur.
The opening was stronger than expected
from the feeling on the curb. and early in
the day there was a short interest which Kept
prices advancing slightly or held the market
steady. May sold at ST. 1Oa4 down to ST.. 10l2,
ND to S1.l1I2. back to $l.10A, up to 81. 10l2
before uoon. 1t was nearly p m. when the
disposition to sell became more general and
the price of May went off TO Sl.09S4, or 1
cent under the opening. The deliveries
amounted to about one and half
million bushels, and was largely put
out and taken in by few
leading houses. The crowd connected
Hutchinson with the wheat taken by Lyon.
At New York, the feeling was bearish but
cautious, and deliveries quite large. There
was little news and few orders from the out
side. either here or at the seaboard. The
movement of wheat had little effect Phi
mary receipts were about the average. Only
70 ears were received here, and the proper
ton OF No. wheat was very small. The
last fifteen minutes of the session passed
another l2c declined in wheat, and the close,
for May was at S1.09A, or 15sc under last
night The deliveries of corn were light
this morning The receipts were very
heavy, and large receipts are estimated
for Monday. There were no features in the
Fit aside from the slow selling by the longs
and the slight buying by those who wished
TO cover There was considerable changing.
The market was heavy and showed slight
declines. Receipts were 973 cars. Estimate
for Monday, 672 cars. No charters. Oats
attracted little attention. Trading in futures
was light and prices little affected. Receipts
were 22S ears. Provisions were again
jumped upon and the bears Taided the mar
ket vigorously. Armour d Co., Baldwin,
Robson and Kirkwood were sellers of pork,
and the former were especially bearish. The
decline for the day amounted to 2!la@35c
in pork, 20@22l2c in lard, and 15@17l2 in
ribs.
THE ROUTINE REPORT.
CHICAGO, Dec. 1.-Wheat ruled weak, and
a somewhat nervous feeling existed. Opin-
ions differ widely as to the future market.
Trade was only moderate, with the offerings
fairly large, and buyers rather inclined TO
hold off. Liverpool was reported dull and
easy. Antwerp quotations which showed
an advance on red winter and California
equal TO 9l2c. per bushel was considered
an error, as the market was quoted quiet.
The markets in the Northwest was O shade
higher. The deliveries of wheat on Decem-
Der contract were heavy-esJimated at
100000 bushels, and was rumored to
have centered mostly. in the hands
of a trader, supposed to have been,
or is on the long side. The opening was
shade better, but under fair offerings. during
most of the session, declined with some
fluctuations 17sc, and closed about 1850
lower than yesterday. December dropped TO
707lSc discount on May price, which COW
cred CARRYING charges. Corn ruled quiet and
comparatively steady. Trading was largely
local, with opening sales shade lower than
the closing prices OF yesterday, after which
the market fiuctuated within s8c range and
closed lac lower than on Friday. Receipts
were liberal aud estimates for Monday quite
large. Trading consisted chiehyin changing
December into the more deferred months.
Deliveries of December contracts were light,
probably 10000 bu. The market for oats
was quiet and easier; deliveries on December
contracts were larger than expected. Offer
lngs were readily absorbed at any conces-
sions in price Mess pork active ami prices
irregular. Offerings quite liberal, and de-
higher, but declined 3O@35c and the market
closed tame. Trading moderately active in
lard, and the market was weak and unsettled.
Prices were irregular and 20@25c lower,
closing at inside figures Short ribs
were moderately active IA. and prices
THE CT NERAL QUOTATIONS.
Wheat-Decemper opened at S1.O4M,
closing at S1.O2S4: january S1.O6,
closing at S1.044; May Sl.l0l2, closing
at 3534c, closing at 35l2c; January,
3534c, closing at 253ic; May, 3Sl8c, clos
ing at 3SIsc. Oats-No 2 December opened
at 26Ac, closed at 268sc; January closed at
2634c; May opened at 3C1sc, closing at
5; Isc. Mess Pork. Per Bbl-Decembero opened
$13.77la; closed at $l3.35; January closed at
$l3.25; May. $14.12l2, closing at SIS. 80.
1ald, Per 100 Lbs-December opened at
$50, closing at S.; January, S7.95, closing
Short Ribs. Per 100 Lbs-January opened
opened at S7.27l5, closing at $40.
Cash quotations were as follows: Flour
quiet unchanged. Wheat-No. 2 spring.
S1.O2lA@1. 02A; No 3 spring. SS@96c: No.
2 red. S1.02A@1. 02%. Corn-No. 2, $3.50.
oats-No. 2. 26ls@26Ac., Rye-No- 2, SLICE.
Timothy seed-Prime, s1.5O. Pork-Mess,
per Dbl, S13.37la@13.50. Lard-Per 100
lbs, S.. Short Ribs--Sldes (loose), S717. 10;
dry sailed shoulders (boXed), S7.12l2@
7.25; short clear sides (boxed), $500
S.62l2. Whisky-Distillers' finished goods,
per gal, S1.20. Receipts-Flour. 10000 bbls;
wheat, 10000 blu; corn, $4,000 bu; oats
bu. Shipments-F Flour, 5000 bbls; wheat,
1900 blu; corn, 332 900 bu; oats, l2S,-
600 bu; rye, 5000 bu; barley, $4,000 bu.
On the produce exchange to-day the butter
market was quiet; extra creamery, 34l2G9
see; extra firsts. 31032c; fancy dairy. 27@
soc; extra irsts, 24@26c Eggs, 21@22c.
r. M. NEWPORT & SON,
Investment 6ankers,
152, 153, 154 Drake Block. Loan Money
INV Ectat IN