St. Paul daily globe., 1888-11-13
The COMMERCIAL RECORD.
Wheat Weakens Under Succession OF
Heavy 0nslanghts by Prominent
Gears.
Corn Goes Down Like Shot, Oats and
Provisions Ruling Quiet and
Steady.
Financial Operations in the Monetary
Centers---The General Quota
items.
Special to the Globe.


and weak. There was pounding all day long
by the bears, and with good effect. There
was some covering by Ream and others at
times, as a matter of safety: but there was no
strong rally. Opening prices were ss@ssc off
from Saturday, with December at Sl.137S
and May at ST., 15Ss. December touched
SI14l3 and then went off to SI.14 rallied
fraction early and went off to 81 1885 before
] o'clock May sold down To 1.l47s, up to
SI.15l2 and rested heavily at S1.14Ss at /
p. m. Meanwhile came the report of the
shutting down of the Washburn mills at Min
neapolis and rumor that all the st. Louis
mills were to cease grinding because of the
large stocks and slow demand for flour.
outside markets were in sympathy with Chi
cago, though showing less decline. Primary
receipts were light except at Minneapolis.
which received 81 9, 900 out of 432 900 BUSH
els received at the nine leading markets No
wheat cleared at Atlantic ports. Receipts
here were III cars with but three cars No.
spring. Out inspection, $4,000 bushels
winter, and 10000 bushels spring. The
wheat market continued weak to the
end. The official closing for May was at
Sl.I4ls, although there was plenty for sale
ut 81. II after the tap of the bell. This was
lac off for the session. Three things were
against corn to-day-the crop figures show
ing more corn produced than ever before,
The improved weather, and D. p. Hutchir-
SON. Any one of the three was
sufficient to make the market heavy
All combined sent prices off cas-
ily. November sold down to 4Ol2c,
and closed 41c, seller. December started
i2c under and l2c decline put the price at
39I2c, but Hutchinson was each time seller
of cash and early futures and the close was
at 395sc. May sold at 39@39lsc. closing at
39c or SEC lower. Receipts were 251 cars,
with 63 cars Of No. 2. The estimate for
Tuesday, forty-eight hours is 4i2 cars
Out inspection, 566,0j0 bu. Charters to-
day. l62, 900 bu. Provisions closed at or
near the final figures of Saturday after
rather dull and uninteresting day. January
pork ranged at Sl4.72l2@ 4.S5, closing at
S14.75, with May Sl5.O5. Orr and Comes
and the shorts bought some pork and Hutch
inson sold some, but no heavy traking was
noticed. January lard rested at SO. 10, and
ribs at STATE. Oats were quiet and steady;
receipts los ears.
THE ROUTINE REPORT.
CHICAGO Nov. 12.-Trade in wheat was
light and almost entirely local. The feeling
was weak. very dull at times. and prices
aeain lower. The opening was about ss@slc
lower than the closing figures of Saturday,
ruled irregular within small range, and then
sold off CSC more, held steadier. and closed
1ssc lower than Saturdays closing figures.
The weakness was attributed to the talk of
the mills shutting down all over the country.
Action was taken by millers of the North
west to adopt some measure by. which the
mills at the principal milling points would
shut down until recent accumulations could
be sold. Two mills. it was claimed. had shut
down to-day, but some operators were in
clined to- look npon this action as
speculative movement TO influence the
wheat market The increase in the
visible supply, where a decrease had
Eeen expected also had a weakening effect
upon the market. There was only moder-
ate business transacted in corn, trading being
confined largely between local operators and
was ON n, rather limited hcaie. The feeling
developed was easier and lower raugesof
prices was established. Opening sales were
, ssQllee lower4fhaf the closing figures of last
: Saturday, after ch the market immedi-'
ately sold Off SEC. reacted isfG3sc became
steady and closed ESQ s4c lower than on Sat
Urday. Quite an active business in May oats
WIS done. but there was no pretentiOn to do
much of anything in near futures. The in
, fiuence OF easier prices for wheat and corn
Was TO cause Tie market to lose some of
the strength which appeared at the close
of last week Values, however, covered so
small a range that the essential change
could not be quoted. Trading WINS moder-
ately active in mess pork, but prices ruled
somewhat irregular. Early iii the day prices
were advanced lO012l2c, with rather liberal
trading. Later, the offerings were more
liberal, while the demand slaekened, and
prices settled back again. Trading was
chiefly in January and May deliveries. Only
moderate trade was reported in lard, and
the feeling was steadier. Prices were ad-
vanced 2l2@5c per 100 pounds, but settled
back again and closed quiet Little interest
was manifested in the market for short rib
sides. Prices ruled steadier, but the changes
. were slight. No particular pressure to sell
and demand only moderate.
THE GENERAL QUOTATIONS.
Wheat-No. 2 November opened at 81 1879,
closing at Sl.12; December. 81. 1873. closing
at S1.13; January, S1.1l&; closing at S1.I1;
May, 81. 1888, closing at 81 .14ls. Corn-No.
November opened at 4ol2c, closing at 4lc;
3Sisc, closing at 3se; May. 39l2c, closing at
SOC. Oats-No. November closed at 2olsc:
december opened at 25ssc, closing at 265sc:
May, 29l2c, closing at 29ssc: Mess Pork,
AT Sl452l2; December, $14.55, closing at
$l5.52l2; January, S14.S5, closing at S1415;
May. SIS. 12i2. closing at Sl5.05. Lard, Per
100 Lbs-November closed at SS.22l2: De
eenssF s closed soss at sso 81 d5anaa Mary ops9sd so
closing at $s.27l2. Short Ribs. Per
100 Lbs-November closed at S747ia;
January. $3.50, closing at $7.47l2;
Cash quotations we're as follows: Flour
steady; unchanged; wheat-No. . spring.
Sl.114@I.l2; No. 3 spring. s2@s6c; No. 2
red. ST. I1ls4@l. .12. Corn-No 3, 4lc. Oats
No. 2. 25lsc. Rye-No. 2, 55c. Barley-No.
., 74@7sc. Flaxseed No. 1, Si4ela.
Timothy Seed-Prime, Sl.40. Mess pork. per
bbl, Sl457l2. Lard, per 100 lbs, So 22l4
Short ribs sides Qoose1. $3.50; dry salted
shoulders (boxed). S7.7561S; short clear
sides (boxed). SS.25@S.37I2. Whisky-Dis-
tillers' finished goods. per gal, 81. 90 Sugars
Cut. loaf si4@Slac; grauulated, 7lac; stand
ard "a ia. Receipts-F1our. 10000 bbls;
wheat. $4,000 hu; corn, 121 900 bu; oats,
bu. Shipments Flour. 81, 900 bbls; wheat,
$4,000 bu; corn, 354 900 bu; oats, 10000
bu; rye, 1000 BIZ; barley. $4,000 bu. On the
produce exchange to-day the butter market
was steady and unchanged. EGGS higher, at