St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-08-07
The COMMERCIAL RECORD.
The Wheat Market Unsettled, But the
Bullish Feeling Keeps Prices
Steady.
Fair Volume of Business Transacted,
Though the Feeling Is IN
settled.
The Stock Market Dull During the Fore
noon, But Becomes Active Later
In the Day.
Special to the Globe.

Speclal 10 the SIoDe.
CCIcAGo, Aug. 6.-The wheat market wa:
Unsettled to-day, with higher prices early
Followed by decline, which carried prices q
Fraction below Saturdays close. Later the
loss was recovered, and prices closed A@84c
higher than Saturdays close. Receipts were
2I7 cars. The increase in the visible supply
was S1I.00 bu, Corn was active early, and
advanced in sympathy with other markets
About IL o'clock the!e was break OF
nearly lie, caused by the estimated receipts
of go cars for tomorrow, and by the
pounding in wheat. A rally of Sac later left
prices about &c under Saturday. Receipt:
were 317 cars. The visible supply increased
$4,000 bu. Oats were steady, and closed a
Saturdays prices. Receipts 122 cars. Pro
visions were unsettled, with good business
transacted. Pork for September broke zoe,
but recovered and closed at Saturdays prices
Lard was stronger and advanced 712@12l2c
Short ribs gained sc.
THE ROUTINE REPORT.
CHICAGO. Aug. 6.-The wheat market was
unsettled to-day, with higher prices early,
followed by decline, which, however, only
figures. The crowd was bullish on the
whole and fought the decline. Two or three
things tended to increase the number OF
sellers. The primary receipts were liberal,
export clearances were small, only $500
bushels of wheat and but g., 600 bushels OF
wheat and flour from Atlantic ports.
This was very discouraging after the
reports of liberal taking for eX-
port. Wheat continued to grow stronger
toward the close, and at l p. m. September
closed at S45sc, SSc under the best point for
the day and ssc over the close on Saturday.
This was encouraging to the bulls, who
feared that the market was going 10 smash
Thpra q
only opened fractionally higher, but
there was a slight advance In
sympathy with everything else on
the floor. About II a. m. there was a break
of nearly l cent, caused by the est mate OF
500 cars for tomorrow and by the pounding
in wheat. A rally of lac still later left the
price of september at the close only 4c I'M
fair demand for shipment, but prices ruled
weak and l2@1c lower under larger offerings.
Old oats were i'll moderate demand and firm.
An unsettled feeling developed in provis-
ions. fair volume of business was trans
acted, the bulk being local. September pork
broke from SLID TO SLIPS, but reacted
and closed at the same prices as Saturday, at
$l4.30@ 32l2. Lard developed more
strength, trading OF times being large. Sep
TENDER sold at SS.S5@lS. 92l2c and closed
there, the net advance being 7l2@1212c.
Short ribs closed &c higher al $S.37l2.
THE QUOTATIONS..
The leading quotations ranged as follows:
Wheat-No 2 August opened at S4lsc, clos
ing at S4c; September, s5c, closing at
s45sc; October, s5Ac, closing at e5lsc;
May, Gle, closing at 907sc. Corn-No.
2 August opened at 46asc, closing at Ace;
September, 46ssc. closing at 45s4c; October.
45ssc, closing at 45asc: May, 397sc, closing at
394c. Oats-No. . August opened at 25c,
closing at 25c; September. 24S4c closing
at 241sc; October. 245Sc, closing at 24l2c
May, 2Slsc, closing at 217sc. Mess Pork. per
bbl-September, opened at S14. 45. closing
ct S14.30; October, S14. 40, closing at
SID. 80; January, $500, closing at S13O5,
Lard, ! er 100 lbs-September opened at
$685., (lo ing Ss.97l2; october, $500, clos
s7;35, short Ribs, PER 100 lbs-sep.
$S.3zl2; October, $40, closing at
SS.37l2: January closing at S67O.
Cash quotations were as follows: Flour
Steady and unchanged. Wheat-No. 2
spring. S3Ssc; No. } spring. 75l2@7Sl2c :;
No. red, SIC. Corn-No. z, 49I2c. Oats
No. 2, 25@l2Shc. Rye-No. 2, 47I2c. Barley
No. 2, firmer. Flax seed-No. l, S1.10;
Per Dbl. l4.30@14 40. Lard Per 100 lbs,
S.S7l2. Short Ribs-Sides Qoosel, IS. 500
$50. Shoulders (boxed), S7.40@7 80
Short Clear Sides (boxed). S9@9. 10
Whisky, distillers' finished goods, per gal,
81 20. Receipts-Flour, 10000 bbls
wheat. 103, 600 bu; corn. 197, 900 bu; oats,
$4,000 bu; rye, 4, 46l bu: barley, 1000 bu.
Shipments-Flour, 10, 600 bbls: wheat 40
600 bu: corn, 10000 bu; oats, 125, 900 bu
rye, LOGO bu; On the produce exchange
to-day the butter market was irregular and
unsettled; fancy creamery, 1Sl2c; go d
to choice, 146o15c; fancy dairies, 14@15c;
coed, 126I3c