St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-03
MADE BUOYAhT BY BULLS.
Free Purchases Of Wheat and Decrease
in Stocks Cause Prices to
Advance.
Corn Goes Up in Sympathy---ProvisiOns
Being PanieEy and
Weak.
financial Operations Of the Money
Kiugs---The General Quo
taii0ns.

CHICAGO, Sept. "a liberal speculative
business was transacted in wheat and the
local temper of the market was rather bull
ish." In addition to the free purchases by
local parties. there was said TO be good buy
ing for account of New York parties and for
the Northwest. Early cables, both public
and private were favorable for holders. The
reports on stocks showed a decrease for the
week at most points, Minneapolis leading
with a decrease Of 400, 600 bu. Chicago ele-
vator stocks are now 1,94S, 905 blu, against
3.6IG.329 a year ago-there having been an
increase during the past week of 1900
bu. With New York and on lakes and
canal to hear from, the crowd here
were figuring on decrease in
the visible of from 100000 to 100000
bu. This was really the leading bull" card
to-day. as the memory of man runneth not
back TO a time when visible supplies have
shown a decrease at this season of the year.
The next important feature in favor of hold
ers, was the very excellent demand for
round lots OF wheat here for shipment
Sales aggregated over 100000. Futures
after strong opening, sold up to point s46
sc above Saturdays closing range, May
showing relatively the greater strength.
During the last hour Of the session, the
market gradually weakened under the gem
eral and free realizing by longs" and all
the early improvement in September and
October. was lost. There was a net
gain Of &c in December. Isc
in year and about 12c in May.
Coma fair degree of speculative activity
was manifested in this market early in the
DAY, and the feeling developed was frmer
after which the feeling became more quiet
and easier. The better tone was attributed
largely to lower temperature in the West in
dications being for rain, followed by colder
weather The market opened a shade above
the closing prices of Saturday, was firm, and
gradually advanced l4c: ruled easy and
closed a shade higher than Saturday. Oats
were sleadier the near futures were the
strongest, and prices were bid up lac by
shorts covering. The other futures sym
pathized to a limited extent, as offerings
were not large. Quite an active trade was
reported in the market for mess pork, and the
feeling was considerably unsettled. Prices
fUctuated widely. The market opened rather
weak, and quickly declined 2002012c on
near and &c on the deferred deliveries, with
considerable realizing by parties who had
the property delivered to them, Later
shorts purchased rather freely, and prices
rallied 4O65Oc During the latter part of
TIC SSSSlDu the lSCliIS was cuSitl. anu lIc
market closed steady at medium figures. Only
G moderate trade was reported in the lard
market At the opening the feeling was
easier and prices ruled lower Later the de-
manG was stronger. and prices advanced sc
and the market closed steady. Trading was
moderately active in the market for short rib
sides Early the market was weak and prices
declined 5010c. Later the feeling was
steadier, and the greater portion Of the de-
cline was recovered.
The leading futures ranged as follows:
WheGt-No. . October opened at 7Sl4c.
closing at 775sc: December. 7S7sc closing at
I9S4c: year. 775sc. closing at 77l2c; March.
S3c, closing at S3lsc. Corn-No. 2 October
opened at 333sc. closing at 33l2c; November,
33Ssc, closing at 335sci December, 33l2c,
closing at 33SSc. Oats-No. 2 october
opened at 1850, closing at 19l2c: December.
20Ae, closing at 20l4c; May, 227sc closing
opened at 5000, closing at SO 32l2; year,
So, closing at 50; January, 1925, closing at
1918. Lard (per 100 lbs)-October, $500.
closing at S6.r7l2; November, $3.50, closing
$685.. Short Ribs (per 100 lbs)-October
opened at 500, closing at S5.O7I2; ;
January, S4.67I2, closing at S4.65.
Cash quotations were as follows: Flour
quiet and unchanged. Wheat-No. 2spring,
7I5sc; No 3 spring. 7O07lc; No. 2 red,
77s4c. Corn-No. ., 33Ssc. Oats-No. 2,
194c. Rye-No. 3 42c Barley-No. 2, G6c.
FlaXseed-No l. Sl.26. Prime timothy seed.
Sl3U0I.32 Mess Pork-Per 100 lbs, Sl0.2
@l025 Lard-Per 100 lbs, So. 1906. 10.
Short ribs sides Qoose), S505.l5. Dry sailed
shoulders (boxed), S4.62l2@475. Short
clear sides (bOxedl, 3.25Q3-37l2. Whisky
Distillers finished goods, per gal. Sl.O2.
Sugar unchanged. Receipts-FlOur, Is, 900
bbls: wheat, %, 900 bu; corn, 100000 bu !;
oats, 279,00O bu; rye, % 900 bu; barley. IL
O00 bu. Shipments-Flo $4,000 bbls;
wheat, I42, 900 bu; corn, 97S, 900 bu; oats
$4,000 bu; rye, 200 bu; barley 1000 bu.
On the produce exchange to-day the butter