St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-03
SLUMP ON WHEAT FUTURES
Despite Heavy Buying by Old Hutch
the Market GOES
Awry.
a Very Tame Close at Net Loss OF
Nearly Halt
Point.
Financial Operations in the Money Gen.
ters--.The General Quo
tations.

CHICAGO Oct, AT no time To-Day dlu
wheat sell as high as the closing price last
night, There was apparent attempts Oh
few 10 WORK up q local bulge Ike that OF yes
ierday, regardless of outside news aud out
side markets but there was too much against
The market, and each time there was drop
in prices. it was followed by mllder rally
than before. The news early was conhlctillg'
The hears had the advantage of the cables
which came tearing downward for American
wheat. The bulls had the benefit of a de-
crease Of 1904, OOO on ocean passage,
per board of trade cablegram. The receipts
In the Northwest were 1913 ears at Minneap-
oils and 2O7 cars at Duluth. Receipts here
were even below the small estimate at 81
cars. but three cars Of No. 3 wheat. During
the moring Hutchinson bought De
cember and May, and Stautter
and Brosseau both took wheat
Jones-Kcunctt were sellers, rs were
Shwartz- Dupee. The ont inspection here
was very light, only 2,Su0 bu, and export
clearanees at the seaboard were but $4,000
hu. Sales up TO l o'clock ranged: October
SOIae 10 sic 10 SOS4c: December, e2ssc TO
S2ISGS24 TO S&34c TO S2iSc TO e2l2e 10
S2s4e to S2Ise TO s2I2c May, s5l2c to SOC
10 S55sc to SIC to to S51ic. There was not
much snap to the wheat market the last
bour. Receipts were ninety cars winter
wheat. forty-three cars spring, 559 cars corn
and DIG cars oats bv rail and II, 100 bu corn
bv canal Withdrawals from store were
. SI4 bu winter wheat. 90, 50 bu corn. and
1O7. O9S bu cats. shippers OF corn were
huvers Of the near futuares to-dsy. The
receipts were very light-only $50 cars-and
this. with the buying by shippers eonsid-
ersbly strengthened the near months.
Oats were Quiet and unchanged at the close.
The Droyision trade has not been so com
pletely puiet in many day as II was to-uaY'
The refusal of the courts 10 grant an lhJulG-
lion restraining the delivery OF October PORK
on contract threw the whole matter pack
into the hands Of the trade. The market
opened with October pork Ice lower. No
venber 7I2e and January 2l2e- Inc ellqne
sold November and the price Declined 10
50 10 After This Hutchinson turned buyef
of November and October OCTOBER was pio
I'D to 5000 before the call. On TINS Hutcn-
fns0n hid the price TO S10.77l2 without get
ting much and later he put the price up 10
SII. November recovered 10 81 .4Il2,
while January, the only real specI-
IatlYe future then affected by the leal,
was neglected and the price went on 10
90 2oIs before the close. of course the first
october pork was made yesterday, ana the
first lot of it was offered on contract &c Gay.
The tender was by the International facklng
company to Stauffer, and IT was reIuseu;
4.
the matter VIII now be forced to the board
FIRST and then perhaps to the courts Tor q
settlement. The pork when was IeIGeeu
was afterwards sold for whom II may con
Germ in the pit at SlO.45. The entile sIaue
was broken into groups on the floor. ana ar
guments over the deal were the ORDER OF thS
hour. There was little action III lard ana
short ribs.
THE QUOTATIONS..
The leading features ranged as tciloWs'
n NOUelDDHT.
ing at sl5sc; December, e29se closing al
S2Lc: year, S05Ic. closing at S0S4c; MaY'
s5l2c, closing at S5l4c. Corn-N0. 80
vember, 3l2sc, closing at slice: Dect1IDcf
opeued at 31SSc, closing at 3ll2e: May,
3:}54c. closing at 3334c. Oats-No. NoNen-
her 1889. closing at l99Sc; December 2rc,
closing at 1850; May opened at 22T4c,
closing at 22aic. Mess Pork per dbl
November. $3.50. closing at S9.40; year,
So. 10. closing S9.0TI2; january. SD clos
ing at SO 22I2 Lard (per 100 lbsl-N0Vem-
Der Opened at s. 80, closing at $50 =: year
81. -. closing at 50. So; january, S2.9Il2,
closing at $3.50. Short Ribs tper 1uHl Dsl
November opened al 81 s2l2, closing az
SL75; January, S4.72l2, closing at S4;Io-
Cash quotations were rs follows; t!our
steady, unchanged. Wheat-No. : spring
= la eO54c: No. spring, &C: No Ted'
SOl2G SOs4c Corn-No. ,, 3l$sc. uats-
No. > l9i2c Rye-No. ., disc Barley
No. nominal. Flax seed-No. l, ST.
Prime timothy seed. S1.23. Mess Pork-Pef
Dbl, SII. Lard-Per 100 lbs, SG46-o2i2;
Shoulders 1l9S boxed il s4$7l20t56 Short
clear sides (boxedl. S5.5G@5.G2l2- WHISKY
-DistlIers' finished goods. per gal, Sl02.
Receipls-Flour, $4,000 bbls; wheat; I3I:-
600 Blu: corn. 81 900 bu; oats, 2-I,OOu "a:
rye. so, 600 bu; barley, 100000 bu. ship,
ments-Flour, 1850 bbls; wheat Is, 90
bu: corn. 10000 bu: oats, $4,000 bu; rye,
5000 bu; barley. 10000 bu. On the pro
duce exchange to-day the butter market
was active Eggs, 17c.