St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-26
OLD HUTCH IN THE SWIM.
The Veteran Operator Holds Wheat
Within a Narrow
Range.
He Succeeds in Controlling the Mar
ket, Which Slumps a
Little.
Operations Of the Chicago Money
Kings---The General Quota
tons.

CHICAGO, July 25.-Wheat was held within
narrow limits to- day by Hutchinson. 1t was
not held at last nights prices, however. and
the opening this morning found prices lie
lower for all futures There was one prime
cause for the drop, and that was easier Ca
bles. Every day for a week British cables
have come strong early ana stronger at the
close, causing firm and higher closing in
this market. To-day things were reversed.
Liverpool said the market was easier at the
opening and still easier at the close. with
futures A@l1d lower. Private cables con-
irmed the public ones, and agents of foreign
houses were no longer buyers New York
sent discouraging news about shipments
from Russia and India. New York declined
1l5c with this market. ST. Louis and other
outside markets declined A@7sc from last
night. Receipts here were ISL cars with
LA cars new wheat which, however, fur
nished but II cars of No. 2. Rains were re-
ported in the Southwest and Northwest
This market went: July, 92c to S2Ac to 92c
to S2ssc; August, 7eAc to 7Sl9c to 7slsc to
7SAc TO 78l2c: September, 7Sc to 7S1sc to
77Asc to 7SlBc; December, soc to 7934c to
soc to 79a4c to SOlsc to 1850 to 80Ac to
SO98c at o'clock. For three hours Hutch
inson sold December above SOC and bought
under SOC, controlling the market. The
trading In corn was light at values somewhat
below yesterdays range. Cables quoted
corn tending lower, and local longs were in
clined to sell on account of the bearish senti-
ment developed III the wheat crowd. The
receipts were 352 cars by rail and $500 bu
by canal. Oats were quiet; receipts, I47
cars by rail and 300 bu by canal With
drawals from store were 1900 bu winter
wheat. 81, 900 blu spring. 140,5O0 bu corn
and 40 blu oats. Provisions were weak;
lard declined 2l2@5c, ribs 7l2DlOc and
pork sc, to 22l2c. Prices in the pit opened
2i2c lower for ribs and lard, and 7l2c off for
mess pork. Lard was bought by Wolff, and
Armour took short ribs at lower figures.
Pork was without support. Edward at one
time sold 1000 barrels, and many small
traders sold after the price got under S11.
THE QUOTATIONS.
The leading futures ranged as follows
at s2Ac; August, 79l2c, closing at 1850;
September, 7Sc closing at 7512c; Decem-
Der, soc, closing at SOAc Corn-No. 9,
August, opened at 36c, closing at 361sc;
September Soc, closing at $3.50. Oats-No.
opened at 217sc, closing at 22c; October,
22c, closing at 22c. Mess Pork (per
bbD august, opened at $1,000, closing at
SlO.SII2: September, S11. O5, closing at
S10.92i2; October, SlO.55, closing at
s1o:65; Lara (per 100 llbbsl--september
opened at $G25, closing &c. Is: October,
S6.27I2, closing at S627la. Short Ribs (per
lU0lbSJ-August opened al S5.45 closing at
S5.45; September, $3.50. closing at S5.52la
october, S5.45, closing at $3.50.
Cash quotations were as follows: Flour
Nominally unchanged. Wheat No. spring,
s2&c; No3 spring, nominal; No. 2 red. 52Ac.
G Cor !, 2o; s4ste q bats, ?, 22Ae
nal. Flax Seed-No. 1, S1.33l2. Prime
timothy seed Size Go Mess Less pork per bbl
Short ribs sides, loose; s5;45@5: so; dry
sailed shoulders, boxed S.. l2l2@s :25; short
clear sides, boxed, S5.75@5. S7l2. Whist v, dis
tillers finished goods, per gal, S1.O2. Sugar
cut loaf, UNCHANGED. Receipts-Flour, 10000
bbls; wheat, $4,000 bu; corn. 2I2, 600 bu;
oats, 5000 Du; rye, 1000 blu; barley
1000 blu. shipments-Flour, 1000 bu;
wheat. $4,000 bu; corn, 257. 900 bu; oats,
l54, 900 bu; rye, 5000 bu; barley, none On
the produce exchange to-day the butter mark
15l2@16Ac; fine, 13la@14e: finest diaries,
11@12c; fair to good, 9@10c. Eggs dull;
UNCHANGED.