St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-10-11
BULLS ARE SURPRISED.
Ehe Strength of the Wheat Market
Astonishes the Big 0per-
at0rS.
L Reaction Was Expected, Instead OF
Which There Was Big
Bulge.
Financial Operations Of the Money
CenterS--.The General Quo
tatio1s.

CHroAeo, Oct, 16.-The wheat market sllr-
prised its best bull friends by its uniform
strength to-day. The source OF the strength
was principally in good cables and far eX-
port clearances of wheat and in liberal out
ward movement of -four. The action OF the
market was far from anticipated. The trade
remembered the bulge at the close yesterday
and reasoned that there should he reacton
this morning. First prices were Sse over Iast
night for both December and May, but TINS,
they thought. would make selling OF the re-
action all the more profitable. The offerings
were quite free for a time, and DecemDer
welded from SiIsc to S376c. 1t refused 10
react further, and this was lac over the Top
yesterday. About this time second caoleS
came saying that British markets were
frrner, and holders unwilling TO sell even at
an advance. The local crowd fastened 10 90
little buying, and the price of December went
10 SIsSc SO easily that it made the shorts
nervous Hutchinson and others continued
TO sell. and once or twice the price went back
10 ST and S4sc, but about noon there was
still further buying out Of fear Of what the
government crop report. due late this after
noon, might bring The posting of the flour
exports also helped 10 advance prices, and
December went TO S424, or llRc over the
bulge yesterday The New York market was
up Iac early on the same influences The re-
ceipts here were I91 cars, including 62 cars
OF No. wheat Out inspection here showed
l32 600 bu of winter. New York and other
ports cleared 10000 bu OF wheat. New
York cleared 23, 600 packages Of flour and
Baltimore 10000 bbls. The last halt-hour
in wheat was exciting. The price OF Decem-
her was carried to that long talked-of figure,
soc. Last prices about He over the top ana
closing prices yesterday. Receipts were 90
cars winter, 40 cars corn. and 243 cars oats
by rail. and $4,000 bu corn, and l5,0OO bu
oats by canal. Withdrawals from store were
131, 100 bu winter wheat, 416,022 bu corn,
and CO, 775 blu oats Corn sympathlzed with
wheat and advanced lac TO l2e. Oats were
also irmer, and lsc TO lac higher. There was
quite a revival Of activity and strength dur
ing the morning in mess pork. The OCTOBER
deal was in the back ground with only one
price made, S10.25. and one sale at auction
at $1,000. The best trading was i'll January.
The price started al S9.32l2 and went to
1915 on buying headed by Hutchinson and
{. L. Raymond. November was also adj
vaneed I2l2c to $3.50. The price yielded
50. s. November and S9.37I2 January before
the close. Short ribs gained 2i2c al around
and lost 2Iac TO sc on light business.
The leading futures ranged as follows:
Wheat-No. = October. opened at S1S4c, clos
ing ct S2ssc; December, Sic, closing at
e47sc: wear. Sls,c. closing at S2@sc; May,
Ses4c, closing at e7sSc. Corn-No. Z october,
opened 81 30ssc, closing az sic; November,
3Bzse, closing az 3llsc: December. 3us4c,
closing 81 Sic: May, CSC, closing az S3l4e-
OagS-No. > October. opened at 1Ss4c, clos
ing 81 1c7sc: NoTembeT. l9lSc, closing at
1910: December. 19iic. closing at 1880;
Nay DISC closing ct 22lsc. Mess Pork
tTe- b5lI-Oetober. closing at $40 so;
NgveEtsr. S9.37i=, closing at 1913;
yszr Se.IQ. closing at S9.ITi2; January,
= S1la- closing a S9-37l2. Lard Qer
vezo=- So closing at S3-95: year, closed
= S5aZl.- January. S5.92l2 closing at
g 50. SEort Rios jpeT 100 ibsl-OetOber,
opened az S5.OTla, closing at 500;
NCFEle- S4s5. closing at S4S0;
Js1Czry SL-5, closing at SITE
Cash lzotztic--s were as follows: Flour
Il fair IIcsl demand; prices very firm, abou
spring >2f4 a 395se: No. 3 spring. 6eQ69c;
10. red, 9EiGs@Sse. Corn-No: =, Sic
Oats-No. .. le7sc Rye-No. 2, 4114c for
October. Barley-No. =. 64c. FlaXseed-
No. l. SI29. Prime timothy seed, Sl.20.
Ness pork. per biol. SI0.45@ 1850. Lard. per
100 lbs Sc. 2C66.2 %. Short ribs sides Qoosel,
s.. 25G5. 80. Dry sailed shoulders boxed,
5I2c Whisky. distllers' finished goods,
per gal Sl.02. SugaTs-CuL loaf. She;
granulated. 784c; standard 4, Use. Re.
ceipts-Wheat, 100000 bu; corn, $4,000
bu: oats. 2490 900 bu; rye, $4,000 bu; barley,
lis, 900 bu. Shipments-Wh heat, 10000 bu;
corn, Z6G,0 900 bu; oats, $4,000 bu; rye.
5000 blu; barley. $1,000 bu: On the pro
auee exchange to-day the butter market
was tame; creamery. 16QJ23c; dairy, 13@2Oc.
Eggs very firm: fresh. lSGl9c.