St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-05
HUTCH M!LkS The MARKET
&c Buys Wheat on the Decline, and
Sells Ont at Top
Prices.
Local Influences and Cold Weather IN
the Northwest Affect the
Market.
financial Operations of the Money
Kings---The General Quo
tations.

Chicago. Sept. 4.-The wheat market
Bpened easy at 79e for December, and It's
question whether that future would have
zone above that figure for the day but for the
change in the weather. The weakening IN
auences early were: Receipts SO cars over
The estimate here; receipts in the Northwest
tree-I04 900 bu at Minneapolis and 122,OD
bu at Duluth; light shipments from nearly
all leading markets; no cleaTanceS from New
York and less than 1000 bu from other At
lantic ports; Liverpool cables weak, with spot
Iad lower and futures easy. September
started Isc lower at 77Ssc. and sold at II sc.
December opened 1sc lower al 19c. sold at
1875 to 79c to 7Ss4517S7sc TO 79c during the
forenoon. The trade generally was bearish,
and many were short small lots. NrEutchln-
son was a buyer early, and he was
credited with holding the market for a
time Later in the day the estimate for
Thursday was given at only los cars, the
cold wave talk increased, and with a bulge
Of I5e in corn, and cold rain storm APP
preaching from Milwaukee, there was a
change of sentiment, and September went
70 77ssc. December to T914c and May to
s3tac before l O'Clock When the upward
movement set in Hutchinson changed front
and sold from 20OlUOO 10 400, 900 in blocks
around 7gc. J. B. Dutsch and MilmineBode-
man were free sellers at one time. There
we're no very decisive influences, however,
and the trading was largely local, and the
market at best quite narrow. Receipts were
24O cars of winter wheat, % spring IA
eorn. and $50 cars oats by rail and 4,4OJ bu
corn by canal Withdrawals from store
we're 1868 bu winter wheat 1,SSS bu
,prfng. SIS, 700 bu corn, and 313. 7l9
on oats Corn was dull nearly all
The morning, but the reports OF frost
In the far West and the cold wave
which reached here about noon caused
active trading. and brought about an advance
pf ssGIac. Oats were iirmer in sympathy
with corn and Is014c higher. There was
lively interest i'll mess pork again to-day.
The market opened with October about
steady at S1O4 and January I2l2c lower
at S9.U7l2. on the large number of hogs at
the stock yards 5000 left over and 10000
to 5000 received. and the large receipts IN
the West-37. 900. against %, OOO year ago.
During the first few minutes there was raid
in October, ard the price was forced down TO
$1,000, Geddes selling at that figure. Then
there was an upward turn, in which Hutch
lnson's brokers were the principal bidders
with some help from shorts and some from
those who try to perplex the manipulators
which figure there was a slow decline to
k1O.50 as the closing price. Lard and ribs
were weaker, aud closed 2I297l2c lower.
TIE QUOTATIONS..
The leading futures ranged as follows:
Whect-NO October opened at TIl2c.
closing at 71lzc; December. zoe. closing at
79Isc; year. 7714c. closing at 77l4c; May,
S3c, closing at S34c. CCrn-No. October
opened Mt 33Ac, closing at 34c; November,
335sc, closing at 33SIc; December, 33lSc,
closing at 33lsc Oats-NO. . October
opened al I9i2c, closing at l9l2c: December,
20isc. closing at 20l4c. May. 227sc, closing
at 23c Mess Pork tper bpli-OctOber
opened at S1O.40, closing st $1,000; jan
100 lbs)-CcOber, SO. closing at S3.9J;
November, $500, S5.71I2, closing at $3.50;
January, S5.77l2. closing at S5.T7l2. Short
Ribs (per 100 lDs) = October opened
uary. 500, closing at S465, Cash
quotations were follows: Flour
firm and unchanged. Wheat-NO. 2spring,
VAC; No. spring. 69G70c; No. 2. red
774e. Corn-NO. ., 33S4c OatS-No. ,,
194c. Rye-No. :, 42c. FlaXseed-No. l.
81 250l. 25l2. Prime timothy seed. 81 500
ia. Mess Pork-Per Dbl, 5000. Lard-Per
100 lbs, S6.07l2@6.I0. Short ribs sides
Qoose), $5.C5G5.l0 Dry sailed shoulders
(boXed), S45UG 4G2I2. Short clear sides
boxed, S5.37l205.50. Whisky-Distillers'
finished goods, per gal. Sl.02. Sugar I'M
changed Receipts-FiOur, $4,000 bbls;
wheat, 172. coo bu: corn. 735. 900 bu; oats,
3i5,000 bu; rye, $4,000 bu; barley. 2S,O
bu. Shipments-Flour, IL COO 5bls; wheat,
IS9, 600 bu: corn, 224, 600 bu; oats, y, 1920
bu; barley 900 bu. On the produce ex-
change to-day the butter market was I'M
changed. Eggs, 14L2c-