St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-09-04
The COMMERCIAL RECORD.
Enthusiastic Bulls Send December Wheat
to Within Five Points Of a
Dollar.
Corn and Oats Take a Tumble---Hog
Products Advancing With
Wheat.
Financial Operations in Wall Street
THE General Quota
tons.
Rnenial 70 the Globe.

Special 70 the Globe.
CHICAGO, Sept S.-For week past the al
vices regarding wheat from the other sloe'
and from the Northwest, have been such as
to confuse the trade. When wheat opened
nearly lie higher this morning 1t was because
the crowd had failed to cause serious break
in prices last week, although very much long
wheat and some short wheat was sold Tor
that purpose. The enthusiastic bulls, there
fore. jumped for the wheat this morning.
After a reaction of I2c from the opening on
realizing sales. the crowd began bid
ding for wheat, and became excited
as the price advanced, until soc
was touched for December about
1I:3O a. m. September sold up to 93s4c,
and Nav TO 9S SIC at the same hour. Wheat
closed at D. m. at the outside prices for the
session, with December over &c higher than
at the close on Saturday. There was quiet
time and gradually declining prices In corn
TO-DAY. The enormous out-inspectlon OF OIL,
600 bu here would have helped prices ordi-
parilv, but had only steadying effect to-day
The estimate for Tuesday is also very large,
LOGO cars, and helped TO depress the DUH
crowd. Charter about 100000 bu. oats
were without important feature. PROVISIONS
were but little, if any, affected by the
statement of stocks as it was about what
the trade had anticipated. Pork opened at
SI4.35 for October little over Saturdays
last price, and sold at SI425@l457l2, the
prices being run up by simple manipulation.
The l O'Clock close was at Sl45O for this
option. the general advance being from 2Oe
10 22lac. Lard opened strong and higher at
$3.50 for October, which was 22l2c over
Saturdays close. The l o'clock close showed
q gain of 21I2@25e in the near futures, and
12l2c in January. october rested at s9.So,
the best figure of the session. Ribs gained
1O@I5c during the morning, closing at $3.50
for October.
THE ROUTINE REPORT.
CHICAGO, Sept. 3.-For week past the ad-
vices regarding wheat from the other slde,
and from the Northwest, have been such as
TO confuse the trade. When wheat opened
nearly lie higher this morning it was because
the crowd had failed to cause a serious break
in prices last week, although very much long
wheat and some short wheat was sold Tor
that purpose, The enthusiastic bulls, there
fore jumped for the wheat this morning.
AS early prices were s40llsc higher, 1t was
day for scalpers and plungers, while con
servative operators, even though tney
believed in 81 wheat, stood and looked
on. After a reaction of l2c from the
opening, on realizing sales, the crowd be-
gan bidding for wheat, and became excited
as the price advanced, until 9oe was touched
for December, about II 80 a. m. September
sold I'D TO 93B4c, and May 10 9S5sc at the
same hour. Wheat closed at p. m. at the
outside prices for the session, with Decem-
Der over &c higher than at the close on Sat
urday. There was quiet time and gradually
declining prices in corn. 1t was impossible
for the market to be buoyant in the face of
present crops and present weather lndlca-
lions. The prophets look for two weeks of
maturing weather when the frost VIII lose
its terrors. The enormous out-lnspecuon OF
l,,,b have halnad rrinac
ordinarily, but had only steadying effect
to-day. The estimate for Tuesday is also
very large, 1,060 cars, and helped to depress
the bull crowd. September sold at 44Q44S6c,
closing at 444sc; october, 439SG44S6c, clos
ing at 44c, or 12e lower The weakness of
corn caused an easier market in oats and
speculative deliveries were a shade lower.
Pork opened at S14.35 for October, little
over Saturdays last price, and sold at Sl4.25
@l4.57ls the price being run up by simple
manipulation. The l o'clock close was at
$3.50 for this option. a gain for the
long session of l5c over the open
ing the general advance being 20122l2c.
Lard opened strong and higher at $9.S tor
October, which was 22l2c over Saturdays
close. Light stock and pence advance in
Liverpool helped values. The 1 O'Clock
close showed gain of 22l2@25c in the near
futures ana l2l2c in January. Ribs gained
7I2@IOc, closing at $3.50 for October. On
the afternoon board, which resumed sessions
to-day, September closed the same as at
O'Clock, while other futures closed IsQAc
higher. Oats were quotably unchanged.
Corn closed firmer TO lsc higher. September
pork was &c lower other futures 5U1Oe
higher Lard remained unchanged, and
short ribs were 2l3c lower.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 September opened at 93I2c,
closing at csc; october, 925sc, closing at
94ssc; November, closed at 94S4c; May,
93s4c closing at 9924c. Corn-No. 2 Septem-
Der, 44lsc, closing at 44c; October, 44l4c,
closing at 44c; November, 427sc, closing
at 42c; May, 1850, closing at 39c. Oats
No September, 24c, closing at 24c; 0c-
tober, 24ssc, closing at 24c; November,
24l2c, closing at 24l2c; May, 2sl2c.
closing al 2Sl2c. Pork, Mess, Per Bbl-Sep-
TENDER opened at Sl4. 50, closing at S14-40;
AIRY, SI3 20, closing at S13.71I2. Lard Per 100
Lbs-September opened at 1913, closing
at $3.50; October, $3.50, closing at
$s85: january, ssO7i2, closing at So. IS:
Short Ribs. Per 100 Lbs-September closed
at SS.56l2; October, $3.50, closing at
SS.57l2; January, 81, closing at S7.o5.
Cash quotations were as follows: Flour I'M
No. 8. s2@s7c; No. 2 red, 94l2c. Corn-No.
2, 44c. Oats-No. 2, 237sc. Rye-No. ., 52A
Q52l2c. Barley-No. 2, zoe. Seed-No. l
fax, S1.23; prime timothy, Sl.6S@l; 20.
Mess pork,per bblSl4.45. Lard, per 100 lbs,
$3.50. Short ribs sides Qoose), $3.50; dry
sailed shoulders (boxed), S7.5O07 rs
short clear sides (boxed), S999.25. Whisky
-Distillers' finished goods, per GAL Sl.20.
Sugars-Cut loaf. SIs01SI2c; granulated, 7ssc
standard "A" Use Receipts-Flour, 49,
135 bbls; wheat SO, 39S bu; corn, 27l ,02S
bu; oats, 500, $50 nu; rye, $500 bu; bar
ley, 17,444 blu. Shipments-Flour, 19, ACC
bbls; wheat, 26S,556 bu; corn, So, 259 bu
oats, 1875, 1856 bu; rye, 1l,2S1 bu; barley, /,
e97 bu. On the produce exchange to-day
the butter market was quiet and unchanged