St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-01
BROADER AND MOREACTIvE
The Wheat Market Shows Strength and
the Trade Buys
Wildly.
But Little Setback From Top Pig
ures During the Last
Hour.
Financial Operations Of the Money
KinQs-The General Quota
tons.

proved broader and more active than aatiol-
pated- The opening was brisk, with prices
4c over the close Saturday. The selling last
week caused short interest in the pit. which
was protected by buying the first thing to-
day. On this opening prices were h@ssc
higher. As soon as this demand was salts
fed, the selling became more free, and the
majority of the local trade bears and longs
sold for further decline. December went
off to s2sse on this settling, and May dropped
back to S4TSc. At this time the buying was
led by Mitchell, who almost alone worked
the price of December up to S29sc, while
Hutchinson was quietly taking considerable
May. The visible supply figures from New
York, ST. Louis and Minneapolis gave an in
crease of 1,20O,000 blu in stock. 1t was
hastily concluded that the report would
show an increase Of 100000 bu Tor the
week. On this prices again went off, this
time to SIC for December and S41a@ S4Ssc
for May. There was. however, decrease of
231 900 bushels on the lakes and 231, 900
bushels more at Buffalo, with sc, 900 de-
crease on the canal and small decrease at
Chicago. The official figures show all in
crease for the week, all told, of only 656-
600 bushels-a great disappointment. The
trade went wild to buy, feeling they were
reacted 10 s2ssc before the figures were
posted and there was quiet bulge of lie to
S3ssc, the best figure reached before L
O'Clock. May sold up to 96c. There was
some bearish news going around, but prices
remained mistaken until near the close
Farmers deliveries in the United Kingdom
were for the week 1850, 900 bushels at an
average of 20s Id, against 100000
the week previous at 24s sd. The
decline of about lie bushel against
advices here looked queer. Later advices
said that 125 cars of wheat at Minneapolis
sold TO come to Chicago, and receipts here
are expected to increase materially. There
was but little setback from top prices in
wheat during the last half hour. Receipts,
including Sundays inspection on ST. Paul
road, were 1877 ears winter wheat, Sc ears
spring. $40 cars corn and 284 cars oats by
rail and 10, 400 bushels of corn by canal
Withdrawals from store were 20, 2O3 bushels
winter, 4S2, BOG bushels corn and 31,O5S
bushels oats. The scalpers raided October
corn, and broke the price down to Sic.
There was general selling out Of the October
and buying of more deferred futures Hutch
inson was seller of September. Shipments
of corn from Chicago Saturda ywere 99l, 900
bushels, or 100000 bushels more than
the receipts. There were 10000 BUSH
els cleared from New Orleans, and
$4,000 bushels from Atlantic ports.
The visible supply increased OIL, 900 bu.
Oats were quiet and steady. The visible
supply decreased 1876, 900 bu. There was
some weakness in provisions early due to the
large receipts Of hogs and lower prices at the
yards. There was before the morning call
decline of SC in October ribs and lard to;
81 * and CH QTiS roSDeotiv,.1v Japuo
pork also lost 7l3c, to $500. These were the
bottom figures of the day and very material
gain in prices of all products was made be-
fore the close. The rumor that the clique i'll
October pork had made move in the courts
to prevent the delivery Of october made
stuff was responsible for some of the adj
vance IN pork. Lard and short ribs closed
about steady.
THE QUOTATIONS.
The leading features ranged as follows:
Wheat-No. 2 October opened at SIC, clos
S31sc; Year, S07sc, closing at SIssc; May,
s514e, closing at S5s4c. Corn-No. 2 OctO-.
Der opened at 3Issc, closing at 3llsc: No
vember, 3ll2c, closing at lssc; May, 33a4c,
closing at 33s4c. Oats-No. 2 october
opened at 19Ac, closing at 1850; Decem-
Der, 1913, closing at 1994c; May, posse, clos
ing at 2234c. Mess Pork (per bbD-October
opened at $ll.25, closing at Sl1.45; No
vember, $780, closing at $3.50; January,
SO. 22l2, closing at 1913. Lard (per 100 lbs)
October opened at So, closing at Sc; No
vember, $3.S7l2, closing at $500: January,
S5.S7l2 closing at S5.s712. Short Ribs (per
100 lbS)-OctOber opened at S4.S7l2.
closing at s4.s712; November, 81. S2I2,
closing at S4.S5; January, $40
Cash quotations were as follows; Flour
firm and unchanged Wheat-No. spring.
sU3s@s1Ssc: No. 3 spring. 6sl2@7Oc; No. 2
red, sO7s@91Ssc. Corn-No. 2 3llse. Oats
No. 2 19ssc. Rye-No. 2, 41lsc. Barley
No. 2 nominal. Flax. seed-No. 1, S1.26l2.
Prime timothy seed, 1922. Mess Pork-Per
Dbl. $11.25. Lard-Per 100 lbs, 6.O7I20D
6.1O Short ribs sides Qoose), So. Dry
sailed shoulders tboxedl. $437l2@4. so.
Short clear sides (boxed), S5.50@5. 62l2.
Whisky-Distlllers finished goods, per gal,
SI.O2. Sugars unchanged. Receipts-Flour,
5000 bbls; wheat $4,000 bu; corn, $4,000
bu; oats, 1S6, 900 bu; rye, 81, 900 bu; barley
$4,000 bu. Shipments-Flour, 1,0G0 bbls:
wheat ~, 700 bu; corn, 991, 900 bu; oats,
$4,000 bu; rye, $4,000 blu; barley. 26.00
bu. On the produce exchange to-day the
butter maeket was unchanged. Eggs, 16l2c.