St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-06
HUTCH PREVENTS A SLUMP
Fhe Veteran Operator Prevents De-
cember Wheat From Going Be-
low 78 7-8c.
q Firmer Feeling in Corn---Prices OF
Hog Products Ranging
Higher.
Financial Operations Of the Money
Kings---Fhe General Quo
tati0ns.

CHICAGO. Sept. 5.-Wheat III this market
Icted as if it had string 10 it to-day. Up to
O'Clock the range of prices was limited to
4c for all futures The explanation most
yenerally accepted for the narrow market
was the fact that large line of puts and
calls had to be protected. When it is known
that Hutchinson offered to buy all the De-
eember offered at 7S7sc, and sell all that was
wanted at 79Isc il is not strange that these
figures were the limits of fluctuations. The
rade was not aggressively bearish or bullish,
and so no great pressure was brought on the
Ttring which apparently held the market.
There was no strong influence from the out
Side either way The cars here were 1877. or
thirty more than estimated. The grading
rave but 81 cars of No ? of all kinds. The
seven leading Western markets-Chicago,
Milwaukee, st. Louis Toledo, Detroit, Mill
neapolis and Duluth-received $4,000 bu,
md shipped but 262,000 bu. New York
cleared $4,000 bu of wheat and $4,000 pack
ages of -four. Dispatches reported 2O0O0O
unloading for export, New Orleans cleared
l33, 900 bu for MOntevideo. Liverpool
cables were not decisive, but had bearish
tone with American wheat futures tending
lower. Prices here ranged: september,
7714c to 77Isc to 7714e to 77ssc 10 77Is0
GfAc- O6cemDtT. ESASC ~ IctSC " 9OH6C "
7SB@79c. TO 79679Isc to 79c at 1 o'clock;
May. s3c to s3Is@S314e to S3lsc. The cars
for Friday were estimated at 100. The close
was without important change. Receipts
we're $50 cars winter wheat. Il spring, ia
corn, and 90 ears oats. Withdrawals from
store were 17S.43 bu winter wheat, 5000
bu spring. 267, 500 bu corn, and 110,S95
OH oats. The corn market promised to
be very active. At the start
great crowd filled the pit and the frost was
not up to expectations in the West there
was free selling by those who loaded up on
that account September and October were
sold off from Sac to 3554c at once, and May
from SIC to 3534c. sides small sellers.
several good houses sold freely for time.
Much of the selling was attributed TO the
tact that Hutchinson, late yesterday, deliv-
cred the trade large amount of cash corn,
which was unexpected. After the first furry,
there was change to the buying side, and
prices were bid up to 34lsc for early futures,
and Soc for May, on the prospects for frost
for tonight in Iowa, Illinois and Wisconsin.
Closing figures were 1s6lI4c lower than the
best prices during the session. Oats were
uuiet and without important change. The
action in hog products to-day was much the
same as on previous days. The manipula-
ton continues in October pork, with Hutch
lnson brokers opposed and annoyed by per-
sstent watching. The range for that month
to-day was SO. 100000, with drop back
10 S10.55 at the close. January pork sold at
3D. 20 early, off to SO. 12I2, up to $9.17l2,
where Baldwin sold 1, 900 barrels to Helm
holz. Later tue price settled to 1918, the
closing figure yesterday. Lard and ribs were
quiet and 2l2c lower.
THE QUOTATIONS.
The leading futures ranged as follows:
WheGt-No. October opened at 77ssc.
closing at 7712c; December, 79Isc. closing at
59c; year, 77Ae, closing at 771se; May.
opened at 34lsc, closing at 33s4c; November,
34c, closing at 33s4c; December, 33S4e
closing at 1850. Oats-No. 2 October
opened at 1850, closing at 19I2c; December,
posse, closing at 20llc. May, 2314c closing
at 23e. Mess Pork (per bnll--0ctober
opened at $1,000, closing at SlO.55; year,
S.87l2. closing at 1855; January, s9.l7l2,
closing at 1913. Lard (per 100 lbs)-0eto-
Der. S5.97l2, closing al $3.50; November,
s5.so, closing at So S5;!3; b., January Ty6o $3.50
October opened at $500, closing at
64.95; January, 81 67I2, closing at 1922.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. 2spring,
77c. Corn-No. 2, 337sc. OatS-No. 2, 1910.
Rye-No. .. 42c. Barley-No. . nominal
Fiaxseed-No l. 81 90. Prime timothy seed,
$l.36. Mess Pork-Per Dbl, $1,000. Lard
Per 100 lbs. S602I2@6.05. Short ribs sides
Qoose), S5Q5-O5. Dry sailed shoulders
boxed, S45OG462l5 Short clear sides
(boxedj, S5.37I2@5.5O. Whisky-Distillers'
finished goods, per gal Sl.O2. Sugar I'M
changed. Receipts-Flour, $1,000 bbisi
wheat. 10000 bu: corn, 435. 900 bu: oats,
&c.. O0J bu; rye 5000 bu; barley. 20, 0J0
bu. Shipments-Flour IL 900 bbls: wheat
10000 bu; corn, so 600 bu; oats. 1913, 900
bu; barley. $4,000 bu. On the produce ex-
change to-day the butter market was IN
changed. Eggs. 14I20l5c