St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-31
DOMINATED BY BEARS.
Prices of All Futures Average Lower
on Account of Sharp
Sales.
Mess Pork Advances Dollar and Then
Slumps, Causing Great
Excitement.
Financial Operations of the Money
Kings---The General Quota
tons.

CHICAGO. Aug. 3O-The trade in wheat to-
day was larger than the range In prices
would indicate. The crowd were i'll selllpg
mood because the market seemed weak. The
statistics of the day helped them little
Hutchinson was heavy buyer and was against
the crowd The influences at the opening
were, cables l2d lower; the weather was very
fine whereas it was predicted otherwise;
the receipts here were % cars over the esti-
mate The selling was led by Jones-ken-
nett. Cudahy was supposed to be a seller OF
December over 79c: New York cleared 81
900 bushels of wheat and 26, 600 packages
of -four Baltimore cleared $4,000 wheat
and Philadelphia enough to make the total
wheat from Atlantic ports 24S,OO0 blu.
Twenty boat-loads were reported taken up TO
noon for export This was not entirely be-
leved by the trade here. Prices ranged Sep
TENDER. 778407712c, to 77s4@D77c at o'clock;
December 1850 TO 7Ss4c to 1850 to 79Ac, to
7SI2c at o'clock. The selling in
wheat was not heavy. but persistent to the
close. Closing prices were the lowest for
the day and 14@1c lower than yesterday. Re
ceipts were 1873 cars winter wheat and 70
cars spring: SID cars corn and 296 cars oats.
Withdrawals from store were 40 965 bu win
ter wheat 1000 bu spring, SAT, 33S bu corn,
and 1919, 263 bu oats. Hutchinson and the
receivers were sellers of corn. Boyden and
other shippers were buyers OF the near
months The fine weather and the present
and prospective receipts continue the de-
pressing features. Last sales were A@3sc
lower than last night. Oats were easy and
followed corn in the decline. This was the
biggest day of the summer i'll the provision
pit. 1t was struck with something like an
old-fashioned deal, which as yet can hardly
be called a corner. AS noted i'll
this column. for days past there has
been a fright among the short sellers for
September and October pork. Some power
appeared to be back of the advance which
setin without any change in conditions. At
first it was confined to Wright and other
plungers, who had sold October and bought
January. Yesterday and to-day tie advance
caught a large part of the trade short on near
futures and the result has been a tremen-
dous business. After good advance yeSter-
day, first prices this NOR ming were 5@1oc
cents higher, at S10.l5 for September and
5000 for october. At l o'clock both fut-
ures were at l1.20, a clear advance of 81
per barrel in four hours. The deal in pork
to-day was the most remarkable business on
the floor since Hutchinson,s corner in wheat.
Opinion is divided on the question OF the
author of the deal. The surface talk all
along has had it Hutchinson. The idea most
generally held now is that it is Armour.
There has been tremendous buying on orders
from New York. Many of these orders have
been executed by Hutchinson, and the theory
is that Armour has very shrewdly caused
Hutchinson to do business for him through
New York.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 September opened at 77Ac,
closing at nc; December 1850 closing Mt
7SI2c; year, nc, closing at 76Ac; May,
S2Ssc, closing at S2SSc. Corn-No. Septem-
Der opened at 33Ssc, closing at 331sc: October,
closing at 33lBc. 0ats-No. 2 September
opened at 1920, closing at 1914c; Octo-
Der, 1889 closing at 1850: December, 20Ac,
closing at 20lsc Mess Pork (per bbD-Sep-
TENDER opened AT $1o.l5, closing at $l0.75;
October, $40: 20 closing at $40; IS; January,
S9.07I2, closing at So. 17l2. Lard (per 100 lbs)
September opened at $6.02l2, closing at
$6.l0; October, S5.97l2 closing at 5000;
January, $3.50, closing aU$5.S5. Short Ribs
PeT 100 lbsl g Sept September opeaned at 81 97l2,
$50; May, s462ls, closing sat s4.67K.
Cash quotations were as follows: Flour
firm and unchanged Wheat-No. 2spring,
76s4@ga7c; No. spring, 1G@72e; No. 2 red,
1slsc, Rye-No. ,, 42lsc. Barley-No. 2
nominal. Flaxseed-No. 1, SIPS Prime
timothy seed, Sl30@I31 Mess Pork-Per
bbl., S10.75. Lard-Per 100 lbs, S. 12l2@
6.15. Short rib sides Qoose), S5.05@5. 10.
Dry sailed shoulders (boxed), 81 62l2@4. rs.
Short clear sides boxed, S5.I2I2@5. 25.
Whisky-Distillers' finished goods. per gal,
BLOB. Sugars-Cutloaf unchanged Receipts
Flour 10000 bbls; wheat, 10000 bu;
corn, 407, 900 blu; oats, 261.000 bu; rye,
1000 bu; barley, 1900 bu. Shipments
Flour, 1000 bbls; wheat, Al, 900 blu; corn,
295, 900 bu; oats, 241 900 bu; rye, 1000 blu.
barley, 5000; On the produce exchange to-
day the butter market was unchanged. Eggs,
l4Ml4l5c