St. Paul daily globe., 1889-10-04
CONTROLLED BY SCALPERS
IN the Face Of Firm Cables, the Wheat
Market Shows Weak
ness.
Old Hutch and the Gang Are Now
Doing the Milking
Act.
Financial Operations OF the Money
Kings---Fhs General Quo
tati0ns.

Chicago. Oct. S.-The wheat market this
morning started as If il had some strength.
The British cables were firm and tending up
ward for American wheat. The price OF De
cember opened shade better at S2lsc- went
10 S27sc the first hour, For three hours fol
lowing the price kept between these hguTes.
II was nearly 1 O'Clock when December
touched S2Isc and acted weaker than at any
time for the day. There was good buying
early by LindblCOm and JOnes-hennett ana
Hutchinson sported the market up to l L
O'Clock. Early sellers were kammerrer "
Baldwin and Farnum. There was no I'M
portant news. Much of the local trade felt
f.sutious. because a certain clique. who are
natural born bears have large holdings Just
at present and were short in the market
simply for safety 10 themselves. MInneap-
oils had 425 cars and Duluth 2lT, ana an
overflow from those markets OF wheat whleh
VIII grade No2 spring here is predlcted,as TINS
market is ont Of line. New York cleared but
so 900 bu Of wheat ard other Atlantic ports
practically nothing. The out inspection
here WAS but 5000. The action of the mar
ket was as follows: october, Sic TO SO7se TO
Sic TO SOssc; December, S2ssc to S3S4@
S2Isc 10 S2lsc TO S@7sc TO S2s5c TO s2@5e to
S2Ise at l O'Clock: May, s5l4c 10 e55sc TO
Wheat closed weak and heavy at the bottom
point Of the day. Receipts were ninety ears
winter wheat. f1fty-six ears spring, 426 cars
corn ana 257 cars oats by rail, and 1900
bu corn and 3, 900 bu oats by canal. With
drawals from store were 50.s15 bu winter
wheat 1900 bu spring, ass, ,562 bu corn, and
GO.7I2 bu oats. Corn was weak and ranged
lower, closing lsc TO lie lower.
.lofS Huaro 611D and iOIypr for fufUTpS
The provision trade was surprised again TO-
day The directors decided last night that
The tender of October pork 10 Stautfer was
regular. Although that was only trade for
a test. the effect was the same when business
was resumed to-day. and newly made pork
was rendered on contract to Counselman.
Logan snd others; twas taken and paid for.
Hutchinson also said he would take the pork
uutier the rule. Whether this order came
from Hutchinson or from New York or from
Europe, it was generally lived up to, and the
trouble of the present, atleast. appears TO De
over. There was a weakening in prices
early. This was partly due to the free selling
of packers and partly to the old dispatches
from the yards, where receipts of hogs were
put at $1,000 and prices lC@20c lower
October pork sold between SlO.45 and
$I0.75; November, S9. .30G9.42l2; January
SO. l7l26o9. 27l2. Lard and ribs were steady,
and closed trihe higher.
THE QUOTATIONS.
The leading features ranged as follows:
Wheat-No December, opened at S2ssc.
closing at SEE. year, S0S4c, closing at S0SBc;
Nav, 9514c. closing at S434c. Corn-No.
November 3lI2c, closing al 81 14c; December
opened at 3ll2c. closing at 3! 4e: May,
33s4c closing at 335sc Oats-No. . NOvem-
Der I9l2c closing at i9I2c; December, 1880,
closing at 19s4c; May opened at 22s4c,
November, 50 37I2. closing al $40; year,
IS. 90 closing S9.05; January. S9.22l2, clos
Ing at 50 x2I2 Lard (per 100 lbsl-NOvem-
ber opened at s.. .s5, closing al $5.S7l2; year,
IS. so, closing at S5.S5: January, S5.S5,
closing at s.. .S7I2 Short Ribs (per 100 lbs)
November opened at SI.s7l2, closing at
S4q5; January, S470, closing at S4.T0
Cash quotations were as follows; Flour
firm, unchanged Whaat-No. 2 spring,
e Ssc: No. 8 spring, 6S@69'2c; No. red,
sO9S0sse. Corn-No. 2, 3llSc. Oats-No.
2 l9l2c. Rye-No. 2, 4ll2c. Barley-No.
2 csc. Flaxseed-No, l, SL27. Prime
Sl05CQ 1878. Lard-Per 100 lbs, Sc. 12l9
16.I5. Short ribs sides Qoose). S3@5.10.
Dry salted shoulders ibOxed), SIl2le@j
as. Short clear sides (boXedl, S5.25@
537l2. Whisky-Disnllers' finished goods,
per gal. S102. Sugars loaf. Size;
Eranulated. 7s,c; standard A, 7l2c Receipts
Flour, 1900 bbls; wheat, $1,000 bu;
corn, 1000 bu; oats, 264,0O0 bu; rye,
10000 bu; barley, IO4, 600 bu Shipments
Flour, 1900 bbls; wheat, 46, 90 bu;
corn. $4,000 bu: oats, 10000 bu; rye,
1000 bu; barley, 4L00O bu. On the prod
uce exchange to-day the butter market was
anabarrroH.