St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-26
BULLS Shove UP FUTURES
a Wicked Wheat Market, in Which the
Bears Get the Worst
OF II.
Prices Advance Sharply all Around
and Close at Top Figures for
the Day.
Financial Operations Of the Honey
Kings---Fhe General Ono
tations.

CHICAGO, Sept 25.-The wheat market was
q wicked one to-day, and the prices one hour
gave no assurance Of what they were to be
the next The first order of the day was ex-
treme weakness, which resulted in break
from last nights figures Of about sac all
around This occurred the first hour Then
came q reaction before noon, which was still
more sharp the other way, as prices went up
sale from the bottom figures, when each
active FIXTURE touched the very top prices on
the buise yesterday. A second setback OF
about I2c quickly followed, aud again before
l o'clock prices were al the top, even higher
than before, with December at S24c. The
pit was active all day and greatly excited at
times The action in December was S1Isc
to SI1s6 S14c to S2lsc 10 S25Se to
s2c at l o'clock. September sold at
S06 soslc and May at S3%4G S4ssc.
The bear news early consisted of indif-
ferent cables. large receipts at primary mar
kets and an absence of buying orders. The
crowd thought The market ripe for a break,
and under the lead OF Mitchell, Smith. BaX.
ter, Norton and Worthington and few 9th
ers, the selling became general. There was
selling of long wheat and sales short for
break. The raid soon lost force, and an item
of bull news the report of the Canadian agri-
5000, 900 bu under the July estimate and
$4,000 bu under the average for seven
wears. together with the discovery that Dunn
ana Warren and other foreign agents were
steadily buying, caused the alarm which sent
prices flying to the top at noon. When the
bull wave came Smith was forced TO
cover his early short sales. Bax-
ter got on the buying side, and Schwartz
Dupee attracted attention by heavy buying.
Wheat kept getting stronger to the close.
During the fifteen minutes after / o'clock
prices moved up very materially, and closed
mt the very top Tor the day for all futures.
Twelve boat loads were reported taken for
export at New York, part of which was hard
spring direct for Glasgow. Receipts were ia
csrs winter wheat, 40 cars spring. o49 ears
corn, and ZIG cars oats, by rail; and 10000
bu corn by canal. Withdrawals from store
were 81 .557 In winter wheat 22S, $50 bu
corn, and rs, 500 bu oats. Corn was fairly
active and a tTifie higher early, but closed
lee lower. Oats were neglected. ana prices
unchanged. Provisions again showed some
activity. There was less done in October
pork than for any other future, and the only
prices made on that manipulated and boy
cotted future were 81. l2l2Gl1.l 10. NOvem'
Der sold S9.57Ia69 9. 62I2; January sold be-
tween So 32Ia and 50 1919. Lard ranged
higher and closed 7fs@17I2e better. Ribs
gained 5G7l2c. The shorts were the prinei-
pal buyers.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. October opened a; s0l5c, clos
ing at Sic; December, soc, closing at e2ssc;
year, soc, closing at S07se; May, S414c, clos
ing at S54c. Corn-No. . october opened at
3l7sc, closing at 3ls4C; November, 3l54c,
closing at 3lssc; May, 33ISc closing at 33E4c;
Oats-No. October closed at l9l2c: No.
vember closed at 19lec; May, 22ssc, closing
at 22S4c. Mess Pork per bpl)-October
opened at SLID, closing at S11.I5; No
ytmber opened at So 62l2. closing atS9.52l2;
January. S9.32I2, closing at S9.37l2. Lard
(per 100lbs)-0ctoberc closed al S5.9 4la clos
ing at s. 92I5: November. $500, closing At
IS 92la January. So So closing at $50.
Short Ribs (per 100 lbs)-October opened
at $5.07Is, closing at $40; November,
$4.-75; january, $4.75 closing at S4.75.
Cash quotations are as follows: Flour
firm; winter, St0i.10. Wheat-NO. > spring,
SOI2c; No. ) spring, 6716Sc: No red.
90l2c Corn-NO ., 31E40317sc. Oats
No. , 19Isc. Rye-NO. 2, 4li2c Barley-No.
g nominal Flax Seed-No. /. 81. 2561 L 25la-
Prime timothy seed S1.26. Mess Pork-Per
Dbl. S1I.1ZI2. LaTd-Per 100 lbs. S6.1o0
6.l2l2. Short ribs sides GoOse). 3. 25@5. 80.
Dry sailed shoulders (boXedl, 81. 37I2614. so.
Short clear sides tbOxed), S5.37l365.50.
$l.u2. Sugars unchanged. Receipts-Flour,
1900 bbls; wheat, 167, 900 bu; corn, 507,
003 bu; oats, 249. 900 bu; rye. $4,000 bu;
barley, $4,000. Shipments-FlOur. $4,000
bbls; wheat $1,000 bu; corn. 30S.0O0 bu;
oats 2C9, 0C0 bu; rye, 1000 Du: barley. A.
600 bu. On the produce exchange to-day
the butter market was active; fancy creamery,
25025c: fine, l70lSc; finest diaries, 2C9
PC; fair TO good, 90 l0c. Eggs, 159l5I2c.