St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-02
FIRST UP and THEN DOWN.
Wheat Opens Strong, PIuetuates Ran
lilly, and Then Closes at Frac-
ti6nal Decline.
Deliveries We're Light, and the Break
Was Cansed by Heavy
Selling.
Financial Operations of the Money
KingE-Fhe General Quo.a-
lions.

OHlCAGO. Ocl. l.-h neat was AcllNS again
to-day The principal news of the day was
bearish, but for the greater part of the SEES
sion the local trade was sufficient to boost
prices and give the appearance of strength.
This was deceptive, for the bottom fell out
of the little bulge before p. m, when there
was break of sac in December iR few
minutes. At the opening prices were II trine
improved from last night on light deliveries.
The wheat on ocean passage was reported
at a decrease of 70o,000 bu for the week.
This was all there was in sight in the shape
of bull news On the other hand the re-
ceipts al Minneapolis and Duluth reached
close to 900 cars. The receipts here were
294 cars or nearly 90 cars over the
estimate. The weather was on the
bear side. There was all increase of
$4,000 pu in Liverpool stocks. Prices
here were also off range with the other
markets. 1t was a little strange. therefore,
that before noon October wheat was put
from SlsSc to sec, December from S3c to
S3l5c, to s4Isc, and May from S55Sc to S6lsc.
There was good buying on the first bulge,
with December at S3Ss@S3I%c. and May at
S6l5c. Later there was a slight dip to the
bottom prices of the gay, already named;
then the slow, gradual bulge to the top
prices named at 1890 o'clock. 1t was at
this hour that December dropped from $3.50
to S3lsc, without any previous sign of weak
ness. Cables were not of any consequence.
At New York Wall street bought some wheat
and few exporters sold. EXPORT clearances
were light, only Sc, 900 blu at New York aud
Philadelphia and 10000 bu at New Or
leans. The break in wheat at 1890
TO S3lsc for December was followed by
a further dip to S27sc before the close.
Closing prices we're 1s@Ac lower than yes
terday. The break was caused by heavy sell
ing Deliveries of wheat were very light.
Receipts, two days inspection. were 2O2 cars
winter wheat. 81 cars spring wheat, GIL cars
corn and 324 cars oats by rail and 80, 600 bu
corn and $4,000 bu oats by canal. With
drawals from store were p, S32 bu winter
wheat, 500 $50 bU corn and 71.66S bu oats.
Deliveries of corn were very large. lis said
Hutchinson alone sent out 2.0oO.OOO Blu.
The enormc u; deliveries of corn on October
contracts caused great weakness in this
month, and prices declined to 30s4 October;
later prices recovered to the closing figures.
Oats we've quiet and STEADY. The day
in provisions began with deliveries of
about %, 900 bbIs, of which Armour & Co. de-
hvered about $4,000 bbls. First prices in
the pit were little changed. Later there
started buying of October wheat which put
the price to S11.5). The tables turned in
short order, as it by a prearranged plan.
There was little pork offered by Armour &
Co. Then Mccormick & Co. sold. Then
Steever. After the price touched $1,000,
there were no bids and sellers offered it
Gown to $1,000. then 5000, with some
sales. and then off to Sl0.25, with the clos
ing price at 5000. November sold 1915
off to S9.5712; January, So. 32t2 to S9.27l2
The selling of the stuff off to S1O.25 was
thought by some to be the purpose of check
ing the work of the packers, who could buy
cheaper than make at that figure The deal
is thought to hang fire yet and traders are
cautious Lard and ribs were quiet and
steady.
THE QUOTATIONS.
The leading features ranged as follows:
Wheat-NO = December S314c. closing at
S2Iac; Year, Slssc, closing at S14c; MAY,
S66sc. closing at $3.50. Corn-No. . No
vember, 3ll2c, closing at size: December
opened at 31SSc. closing at 3llsc: May,
3354c, closing at 335sc Oats-No. . Decem-
closing at 22S4c. Mess Pork (per bbl)-
November. 1919. closing at S9.57l2; year,
So. ID, closing at So Is; January, $3.50, clos
ing at So iI2, Lard (per 100 lbsl-Noyem-
Der opened at s.. 92l2, closing at $500: year,
S5.S5, closing at S5.S7l2; January, $3.50.
closing at S5.S7I2. Short Ribs (per 100 lbs)
November opened at S2l2, closing at
81 92l2; January, S475, closing at 81. 7212
Cash quotations were as follows; Flour
firm and unchanged. Wheat-No. 2 spring.
SV78@Slssc: No. B spring. 67070c; No. 2
red, S01s0S14c. Corn-No. 2, 3lc Oats
No. . 1912c. Rye-No. 2, ALEC. Barley
No ? nominal. Flax seed-No. l, S1.26l2.
Prime timothy seed, 81 %. Mess PorK-Per
Dbl, $1,000. Lard-Per 100 lbs, Sc 100
6.12l2 Short ribs sides Qoose). s.. Dry
sailed shoulders boxed, S43712@4.5O.
short clear sides (boxedl, S5.5O@5. 62l2.
Whisky-Distlllers' finished goods, per GAL,
Sl.O2. Sugars-Cut loaf, Size; granulated,
size; Standard A. FAC. Receipts-Flour,
10000 bbls; wheat rs. 900 bu; corn, 333, 600
bu; oats, 21S,0O0 bu; rye, II 900 bu; barley,
10000 blu. Shipments-Flour. IL o. o bbls:
wheat, 4S, ZOO bu; corn, $4,000 bu: oats,
259, 900 bu; rye, $4,000 bu; barley, $4,000
bu On the produce exchange today the