St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-24
BOLSTERED BY OLD HUTCH
Timely Buying by Him and His Col
leagues Prevents Slump in
Wheat.
More Activity in the Market and a
Wider Range Of
Prices.
financial Operations Of the Money
Manipulators---The General
Quotations.

CHICAGO, Aug. 23.-There was more ac-
trity and a wider range OF prices to-day, ana
yet the market was narrow, The anlmauon
was the result of little success on the part
of the bears early. Nearly everything i'll the
shape of news and statistics appeared in
their favor. two things prevented further
break in values-large export clearances and
timely buying by the trio. Hutchinson, Place,
and Partridge The bear influences con-
sisted of easier and lower cables, giving spot
and futures downward tendency at Liver
pool Receipts far in excess of shipments at
Milwaukee, st. Louis, Toledo, Detroit, and
Minneapolis. The aggregate at the points
named, including Chicago, was: Receipts
a3S,000 bu; shipments 22S,0o0. Added to
these conditions was the superb weather In
this country. which made short sellers bold.
Prices started under last night with Septem-
Der at nc and December 77S4c. These were
top figures for the day. September went
quickly to 765sc, and December touched
77I2c. Here the decline was stopped by
heavy buying orders from the parties named.
The activity subsidized and slight reaction
775s@77s4c followed in December. Later in
the day second lot of offerings by the crowd
carried prices still lower. September to
76ssc, December, 772sc, and May slice. A
fractional up turn followed as before but
was lost a second time before l o'clock,
when December was at the bottom at 77Ssc.
Export clearances of wheat and flour from
Atlantic ports aggregated 5000 pu. Re-
ceipts for Saturday estimated at $40 cars.
The lowest prices OF the day for wheat
were touched just before the close.
Receipts were 1S9 cars winter wheat q
spring, 746 corn and 290 cars oats by rail,
and IL, 500 blu. winter wheat by canal. With
draWals from store were 45, 239 bu. winter
wheat 10.694 Blu. spring, 255, 693 Blu. corn
and rs. 692 bu oats. An enormous amount
of business was transacted in corn, and at
the close the trade was probably more nearly
'evened up than it has been in months.
The fine weather, every day of which puts
millions of bushels of corn out of danger,
together with the enormous receipts, made
the market very weak. The longs were
obliged to sell out and the shorts took ad-
vantage of the opportunity for gathering in
profits. Shippers and receivers were the
principal sellers. but all interests did more or
less business on one side or the other of the
market. Last sales were 14@as lower than
yesterday. Oats were fairly active and a
trifle higher for August. Large receipts of
hogs at lower prices and the weakness in
corn made a break in provisions. The small
firms also sold freely.
Advices from New York indicate that Ethe
projectors of the deal in September lard
abandoned it several days ago. The trade
was SO large that individual operators were
lost sight Of Armour, however, was cred
ited with buying ribs and January pork, but
with selling October pork and possibly other
product through brokers.
Last sales were, 12l3c to 22l2c lower for
pork, sc TO 12l2c lower for lard and 22l2c
to Csc lower for short ribs.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 August opened at 77Ac, clos
ing at Tie; September nc, closing at
May 917Sc, closing at 8ll2c: Corn-No. 3,
August opened at 341sc, closing at 34lsc:
September, Sd l2c, closing at 34Ac: December,
94c closing at 335sc; May, SEC, closing
at $3.50. Oats-No. 2 August opened at zoe,
closing at 20lsc; September, zoe, closing at
zoe; October, 2O14c, closing at 2014c; May,
2384c, closing at 23l2c. Mess Pork (per hbD
September opened at 500, closing at
January, $3.50, closing at So l2l9. Lard
(per 100 lbs)-September opened at S6O2la,
closing Mt $3.50; October, S5.9212. clos
ing at S.. 9212: year, .77lS. closing at S5.15;
lper 100 lbs)-August closing at 81 72l9;
S472l2; October, $4.9712 closing at $4.77l2;
January, $4.67l2. closing at $500.
unchanged: Wheat-No. 2 spring, 564@
77c; No. spring, nominal; No. 2 red,
76a4@77c. Corn-No. 2, 3415c. oats-No,
2. zoe. Rye-No. 2. 43c. Barley-No.
2, Csc. Seeds-No. 1 fax seed, ST .24@
l24A; prime timothy seed, Sl4O@l.50
Provisions-Mess pork. per Dbl, $3.50;
lard, per 100 lbs S5.92l2@5. 95; short ribs
sides Qoose), $40; dry-salted shoulders
{B bo3e 4 Bsb&c sh %bss cea5 faes
finished goods, per gal S1.O2 Sugars-Cut
loaf, 9@9Ac; graduated, Size; standard A,
sNc Receipts-Flour, 5000 bbls; wheat,
Blu; rye 10000 bu; barley, 5000 blu. Ship
ments-Flour, 1000 bbls; wheat. 5000 blu;
corn. 10000 blu; oats, $4,000 bu; rye,
$1,000 bu; barley, 1000 Blu. On the produce
dull; creamery, 11@19c; dairy. 9l2@15c.
Eggs q shade easier, fresh. 14@15c.