St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-02
BULLS IN FULL CONTROL.
By Free Buying They Put Up the
Price of Wheat Fut-
ureS.
Corn Neglected, Oats Dull, and Mess
Pork Opens High and Goes
SkyWard.
Financial Operations Of the Money
Kings---Fhe General Quota
lions.

CHICAGO. Aug. 31.-The selling IN wheat
Yesterday left the market in shape tor quick
rally early to-day. There was more than the
usual amount of interest in the visible sup
plv report, due Monday. The canal and
lakes held great quantity of wheat a week
ago, and may show large decrease. and off
set the increase, which will be fairly large at
many wheat markets. This uncertainty, and
the sensational dispatches from New York
concerning Dornbush's reports on the Rus
sian crops, making it 80 per cent, compared
with IS last year. and further reports about
wheat going from Liverpool to Brazil, caused
a furry early, which carried September from
T7c to wise, and December from 1850
7SI2c to 79Is979Ac. Before noon Septem-
Der was off to 77I2c, and December dropped
back to 7sssc. Export clearances were:
New York, 4I,OOO bu; Philadelphia,
29, 900 bu; Baltimore, So, 600 bu. Receipts
at primary markets were far IN excess OF
shipments. st. Louis received 81, 600 bu and
shipped 5000 Blu. Receipts-l97 cars win
Ter wheat II cars spring, $40 cars corn and
500 cars oats by rail and 2,lS0 bu corn by
canal. Withdrawals from store were 25,49S
bu winter wheat, 1000 bu spring. 673,474
bu corn and 209, 900 bu oats. Corn was very
weak. Weather was generally favorable for
the maturing Of the new grain, though dam
age was reported from few localities from
extreme hot weather. Last sales were Is0
SIC lower for nearer futures. Oats dull; 1s
ole lower for the deferred futures. The
deal in mess, pork oyershadowed everything
else again to-day. There were but 5000 hogs
al the stock yards, and prices were 50lOc
higher, and all sold early. On the floor, where
all was expectation. mess pork opened soc
over last night for September and october
at $l1.O5 and SI1. There were more
New York buying orders similar to those
of yesterday. This started the shorts again,
and prices jumped to Sll.35 September and
81. 37L2 October, with January up Toe at
S9.27Ie. A temporary turn sent both early
futures off to $l1.10, from which point there
was a second rally to Sll.35 september and
S11.30 october. The break early was on
selling by packers and others who attempted
TO oppose the deal. The excitement of the
day came before the close, when the strad-
dlers attempted to unstraddle by buying Jan
uary and selling October. Hutchinson also
turned seller, and, the market being Without
support, the offerings sent prices down 100
20c at a trade to S10.25 tor September and
October. The close was at 5000. The ac-
ton in the pit was most remarkable. Lard
advanced 2I2Q5c, and short ribs held barely
steady.
THE QUOTATIONS.
The leading futures ranged as follows
Wheat-No. September opened at 7Tc:
closing at 775Sc; December, 7Sl7c. closing at
7S8c; year, 76s4c, closing at 77SSc; May
S2I2c, closing at S29sc. Corn-No. Septem-
Der opened at 33lsc, closing at 33Isc: october,
$3.50, closing at 33l2c; December, 33lsc
closing at 1880; May, 35lsc, closing at 39l2c.
Oats-No. September opened at 19Ac,
closing at 1880; October, 1850, closing at
1880: May, 2234c, closing at 227sc. Mess
Pork (per bbl)-September opened at Sll .05,
closing at Sl04o; October, Sl1.lO, closing
at S1O.40; January, S927I2, closing at 50. %.
Lard (per 100 lbs)-September opened at
$6.15. closing at S6l2l2: October, S6.10,
closing at S6.07I2; January, S5.S7l9, clos
ing at $685.. Short Ribs(per 100 lbs)-Sep-
TENDER opened at S5.07L2, closing at S5.05;
october, S5.12I2, closing at $50;
January, $40, closing at S4.6712.
Cash quotations were as follows: Flour
dull and unchanged. Wheat-No. 2 spring,
red, 77ssc. Corn-No. 2, 33c. Oats-No. 2,
1850, Rye-No. 2, 4214c. Barley-No. 2
nominal. Flaxseed-No. l, S1.29. Prime
timothy seed 81. 80 Mess POrk-Per Dbl,
SO. 37I2lIO.5O Lard-Per 100 lbs, $6.l5.
Short rib sides Qoose), S5.@5.50. Dry sailed
shoulders (boXed) steadier. ShOrEclear sides
(boxed) steadier. Whlsky-Distillers' fin
ished goods per gal, Sl.O2. SugaTs-Cut
loaf unchanged. Receipts-Flour 5000
bbls; wheat, $4,000 bu: corn, 443, 600 bu;
oats, 245.O00 bu; rye, 10000 bu; barley,
100 Blu. Shipments-FlOur, 10000 bbls;
wheat, IO3, 900 bu; corn, 4S5, 900 bu; oats,
24000O bu; rye, 1000 bu; barley, 5000
bU. On the produce exchange to-day the
butter market was active for finest grades
fancy creamery at 1S6l9c; best gathered
creamery, 15016c; finest diaries, ISOLDE;
fair to good, 9Q10c. Eggs, fair demand at
l4c