St. Paul daily globe., 1889-09-12
DISPOSED TO Be BULLISH.
After See-sawing for Hours Wheat
Closes at a Fractional
Advance.
The Fact Is, Big Operators Like Hutch
insOn Are Milking the
Market.
Financial Operations Of the Money
Kings---The General
Quotations.

CHICAGO. Sept. 1.-THE trade was again
disposed to be very bullish on wheat. Yes
.erdav's government crop report, reducing
the estimate on the crop from 9O,oOO,OOO
10 ABOUT 4S6, 600, 00O was small point IN
favor of higher prices. The poor grading OF
the current receipts and the heavy light
stock of contract wheat here, 936,oOo
bushels. were. however the main points on
which the bull campaign was based. On the
crop report September opened s6c higher at
767sc. December lsc higher at 1850 and
went to 1850 very shortly. The advance
was checked by selling by Partridge, Hutch
inson and Milmine-Bodemana and others. The
early buying was led by Mitchell Later in
the day George Smith bought to cover short
wheat In the movement of wheat and grad
ing Of wheat the influences were divided.
Out of 256 cars received here there
were but Is cars Of No. 2 grade,
including 4 Turkish, red winter and 9
spring. The clearances OF wheat and -four
from New York aggregated 100000, mostly
-four The cars for Thursday were 209. The
receipts in the Northwest, and the bearish or
dead cables were the bearish influences
Minneapolis received 163, 600 and shipped
2S,OOO bushels Duluth received 100000
and shipped 1000 bushels. The six points
Chicago. Milwaukee, ST. Louis, Toledo.
Minneapolis and Duluth-aggregated 7O4,-
600 bushels receipts, and but 222, 600 bush
els shipments Prices here ranged: Septem-
Der, 767sc. 10 765sc, TO 76$Sc; December,
7Sssc. to 7S5sc, to 7SI2c, 10 7S34c, to 7S&Sc.
% 7SI2c, to 7Sl4c to 7S7sc. the best point of
fhe day, at 1 O'Clock; May sold S2AcQS234c.
Receipts were 2I6 ears winter wheat 10 cars
Ipring, $50 cars corn, and 199 cars oats by
all. and 10000 bu. corn by canal. Withdrawals
rom store were $3.50 bushels winter
wheat 799 spring, 49S.432 corn and 13S,-
T23 bushels oats The government report
made the shorts in corn nervous, and many
IF them began 10 cover on the open board
before the regular board opened for business.
Opening prices were 1sc higher than last
nights close, and october and May advanced
2 fraction, but with free offerings the ad-
vance was checked and closed at about OPEN
ing prices. Oats were quiet and a shade
irmer The provision trade got the official
indicator on January to-day and this hamp-
cred the October deal a trifle as the change
of price in that manipulated future did not
meet the eyes of the trade. October was as
tickle as ever. 1t opened at S11.25, sold off
TO SIO95, up to SI1.05. off to 5000. and
soon with but few trades. The January
showed strength, and on fair business went
from 50. .05 TO 80. l2l2G9. 10 before the close.
Lard and RIBS were fairly active and without
special feature, or important change in
prices.
The leading futures ranged as follows:
Wheat-No. 2 October opened at 7Tc clos
Ing at 71I2c; December, 7Sssc, closing at
7S7sc: year, -65sc, closing at 77Ac; May,
S2I4c, closing at S27sc. Corn-No. = Octo-
Der opened at 335sc, closing at 335sc; No
yemDer, 33I2c, closing at 33l2c: December,
83Isc, closing at 33hc: Oats-No. Octo-
Der opened nj I9I2c, closing at 1850: No
vember, 20Isc, closing at 204e; May, 23l8c.
closing at 23Isc Mess PoIk (per bbl)-octo-
Der opened at SIl.25, closing at Sl1;
January, S9.O5, closing S9.15. Lard (per
100 IbS)-October opened at S5.S7l2, closing
atS5. .S7I2; November, s.. 72l295. 92l2, clos
Ing at S5.75; January, S5.72l2, closing
1t 1915. Sh,r Ribs (per 100 lbs)-Oetober
opened at "a >, closing at $3.50;
January. Si.6J closing at SI.62I2.
Cash quotations are as follows: Flour steady
md unchanged. Wheat-No. spring, nc;
No. 3 spring, 64G66c; No. 2 red, nc.
Corn-No. ., 1850. Oats-No. 3 193se. Rye
No. 2, 41a4G42c. Barley-No. ., &c.