St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-13
TREACHER0US FIGURES.
Uncle Sans Crop Statistics Puzzle
the Big Bull 0per-
ators.
They Expected a Bearish Report and
Got One of a Different
Color.
Financial Operations Of the Big Money
Kings---The General Quo
tati0ns.

CHICAGO, Aug. 12.-Ihe government ns
ures of wheat again proved treacherous. Inc
trade sold wheat down Saturday, expecting
bearish report from Washington. When the
figures came they reduced the percentage on
spring wheat from S3.3 to S1.2, where, as 1t
was expectcd. the Improvement might reach
SO to 90 The trading began this morning
with this aad other bull influences where
they were unexpected. All futures opened
I2c higher; August at 757sc, December
77s4c. There was 8 tendency to decline
from first figures until the visible supply fig
ures came in, showing an increase OF but
10000 bushels for the week, or about half
as much as expected. The increase a year
ago was over 9, 25O, 700. Cables were on the
buying side also, with spot and futures
tending up at Liverpool. Export clear
ances of wheat and flour from
Atlantic ports aggregated 242,oo0 bush
els. Receipts here were 303 cars
but only rs cars of No. 2 red winter out OF
300 cars received graded No. 2. On these
conditions there was an active market, with
good covering by shorts. Frices, after sag
ging a little from the opening, moved up
sharply before noon-August from 73S4c to
7GSsc; September 7534c to 764c; December
7712c to 7Slsc. There was some fighting
around 777sc and 7Sc, with Hutchinson a
seller In fact, he sold the crowd wheat all
the way up. Toward 1 O'Clock the pit was
more quiet, with December at 777S@1Sc.
The offsets TO the bull influences were the
brilliant weather and the light shipments
from the principal receiving points. The
comments on the Dodge report were
very uncomplimentary even parties
on the bull side of the market
were ready to wager that the figures
do not represent the facts. The visible grain
supply statement. as compiled by Secretary
Stone, of the board of trade, shows an in
crease for the week of 10000 bu wheat and
265, 900 blu oats, and decrease of $4,000 bu
corn, The government crop report showed
an improvement of four points in the condi-
ton of the corn crop, and on this and the
fine weather the trade was quite bearlsh for
some time After the visible statement came
out showing that there had been a small de-
crease in supplies during the week, the early
sellers turned to the buying side. The de-
crease in the visible indicates surprisingly
large export and consumptve demand.
Oats were weak at the outset but strong
later The estimate of only 1874 cars for to-
morrow, and the enormous consumption as IN
die ated by the small increase in the visible
were the bullish features. The receipts were
294 cars winter wheat. cars spring. 6TS
corn and $50 cars oats. Withdrawals from
store were 100. 1872 bu winter wheat 340,-
95l blu corn. and SIS, S33 bu oats. Provisions
were very weak, owing 10 the very large re-
ceipts and lower prices at the stock yards.
Cudahy was heavy seller of January prod
uct. The demand for cash lard was good,
and the effect on the speculative market was
very beneficial. S. V. White the Anglo
American company, and Eastern people
were buying the near futures i'll lard; Wells
and the packers generally were selling.
THE QUoTyTIoNs.
The leading futures ranged as follows;
Nheat-No. = September opened at T554c,,
closing at 76c December, 774sc, closing at
777sc; year, rs 3sc, closing at 73S4c. Corn
No. September opened at 35c, closing at
35c; October, 80 lsc closing at 35lsc; De
cember, 347Bc. closing at 34$4c. Oats-No. 2
September opened at zoe, closing at 201Sc;
October q Csc. closing at 20Ssc; December,
20s4c closing at 2lc. Mess Pork (per bb)-
September opened at $1,000, closing at
January, $9.7A, closing at S9.e5. Lard (per
100 lbs)-September opened at $685., clos
ing at S6.3712; October, $685., closing at
S6.35 Janhary, IS, closing at So Short ribs
Cper 100 lbS)-September opened at S5.37l2,
closing at $3.50; October 50. 80. closing at
s.. 32l2 January, S4.90, closing at 81 90.
Cash quotations were as follows Flour IL
changed. Wheat-No. spring wheat, 76l4c;
No. spring wheat, q ore; No = red,
TGl@c. Corn-No. 2, 351sc. Oats--No. 2,
197.@20c. Barley-No. 2. nominal. Flax
seed-No. l, Sl.20l2. Prime timothy seed
unchanged. Mess Pork-Per Dbl, $l0.30@
1885. Lard-Per 100 lbs, $6.37l2@6 40.
Short ribes sides Qosse), $5.S5@)5. 40. Dry
sailed shoulders (bOXed), 81. S7l26D5. Short
clear sides (boXed), So. 75@5. S7L2 Whisky
-DisGllers' finished goods, per gal $1.o2.
Sugars-Cut loaf, 94@9l2c granulated, 978c;
Standard A. sac. Receipts-F'lour, $4,000
bbls; wheat, l5S,O0O bu; corn 372, 900 bu;
oats, 3G5, 900 bu: rye, 1900 bu; barley,
wheat, 1000 bu: corn, 501, 900 bu; oats,
176,O0O bu; rye, 10000 bu; barley, 1000
bu. On the produce exchange to-day the
butter market was unchanged Eggs, l2c.