St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-04
WHEAT GOES TOBOGGANIHG
Depression in Foreign Markets Puts a
Dampar on the Chicago
Pit.
Provisions FluGiuate Within a Wide
Range and Close Steady at
Medium Figures.
Financial Operations Of the Money
Kings---Fhe General Quota
tons.

CHICAGO. Sept. 3.-The action in the wheat
market is remarkable for its dullness, con-
sidering the fact that the trade is divided
quite clearly into bull and bear parties. Con-
yictions seem to be decisive enough, but the
nerve to acts wanting. There was little
bulge at the opening this morning. but for
which there might have been 14c range all
day. The outlook yesterday was for slight
decrease in the visible supply. The figures
this morning gave an increase Of 10000 bu.
The expectation of a decrease, the early
cables tending upward and the light receipts
here and elsewhere caused the first bulge on
which September opened ssc up at rs &c
and December ssc up at 79ssc, touching
79S4c at once. These were the highest prices
of the day. Later the crowd only cared TO
realize on the advance of the morning, Sep
TENDER settling back to 7Sc, then to 7Slsc, to-
777sc. December dropped back to 79Ss@794c,
to T9Isc, and off 10 T9ls0T91e again at I
o'clock Receipts here were 500 cars, or 5O
cars under the estimate. The grading gave
81 cars No. red, II No. northern and
No. spring. Jones Kennett were perhaps
the best buyers during the morning. New
York cleared IS. 900 bu of wheat and other
Atlantic ports practically nothing. The re-
alizing in wheat continued to the close, with
Withdrawn from store, Al, 600 bu. Corn
Receipts, I,179 cars by rail and II, 800 bu by
canal Withdrawn from store, ia, $50 bu.
Market stronger early on heavy buy
ing, but weak later in sympathy with
wheat The visible supply increased
100000 bu. Oats-Receipts, 379 cars;
withdrawn from store, 76,459 bu.
Market quiet and Isc lower. The visible sup
ply increased 81 900 bu. There was great
deal of buncombe as well as business in the
provision pit to-day The transactions began
as if there were TO be a big day in pork. The
buying orders from New York came for
time, and The crowd took October pork from
SlO.25 to SIO.75. These were the outside
figures for the day. Later there was an eff
fort on the part of the trade to annoy the
Hutchinson brokers by all sorts of bids and
offers. The prices settled back slowly to
S1O65 and just at the close went off sharply
TO SlO.42l2, while brokers with buying orders
at $1,000 who happened to be out of the pit
could not buy at the close. Lard sold 2l20
sc lower and short ribs 7I2c higher for Sep
TENDER and loo lower for october.
The leading futures ranged as follows:
WheCt-No. 9 October opened at 7SIsc.
closing at 77I2c; December, 1850. closing at
T9Isc; year. 7Sc, closing at 77Ssc; May.
S3cI2, closing at S3lsc. Corn-No. october
opened at 335sc, closing at 33Ssc; November,
33s4c, closing at 33ssc; December, 33l2c,
closing at 334c. Oats-No. 2 October
opened at 19I2c closing at 1880; December,
closed at 201sc, May, 227sc, closing at 223sc.
Mess Pork (per bpD-0ctober opened at
S10.25. closing at Sl042I2; year, closed
al $685.; January, 10, closing at 50. 1913.
Lard (per 100 lbs)-October, S6.05, closing
at Sc; November $500, closing at 50. So;
January, S5.s5, closing at $3.50 Short
Ribs per 100 los) - October opened
at S5.05, closing at S4.S7I7; jan
uary, S465 closing at S4.62I2.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. 2spring,
77Isc; No. spring, 69070c; No. 2. red,
771sc. Corn-No. 2, 33Ssc. Oats-No. 2,
1880. Rye-No. 2, 42c. Barley-No 2, Csc.
Flaxseed-No. Isl. 25I2. Prime.dmo;hy seed,
Sl.3I@I.32. Mess Pork-Per 100 lbs, S10.45
@l0.5U. Lard-Per 100 lbs, So. 1212@6. IS.
Short ribs sides Qoose), So. Dry sailed
shoulders (boxed), S450@4.62l2. Short
clear sides (boxed), S.. 2505.37l2. Whisky
Distillers' finished goods, per gal, Sl.02.
Sugar unchanged. Receipts-FlOur, $4,000
bbls; wheat, 145, 600 bu; corn, 491 900 bu;
oats, 245, 900 bu; rye, 20 900 bu; barley. 49,
QUO bu- Shipments-Flour, $4,000 bbls;
wheat, 145, 900 bu; corn, $4,000 bu; oats,
1919 bu; barley. 1000 bu. On the prod
uce exchange to-day the butter market was
unchanged. Eggs, l4Q14l2c.