St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-11
TAME AND UHIhTERESTIkG
The Chicago Wheat Pit Controlled
Wholly by the Local
Operators.
By Manipulation They Put Up Prices
a Full Point at the
Close.
Financial Operations Of the Money
Kings---Fhe General
Quotations.

CHICAGO. Sept. IO.-Tbe wheat market
started tame and uninteresting, but before
the close there was not only revival OF busl-
ness but a renewal of strength, which put
prices about Ic over the close last night.
The receipts here were $50 cars, or thirty -six
cars under the estimate. New York cleared
100000 bu of wheat These two facts were
on the pull side. while everything heipe1 the
bears as on previous days. Seven primary
markets-Chicago, Milwaukee, st. Louis, To-
ledo. Detroit Minneapolis and Duluth-re-
ceived Cos, 900 bu and shipped but 56o-Ooo
bu of wheat The stock of wheat mere ls
smaller than two months ago, when the new
movement began, and there is 1.OOO,oOo pu
of new wheat against about 3,ooo,-
600 q year ago. The grading to-day
showed but six cars Of No. red winter
wheat There was no attempt to control the
market except that the local trade fought the
advance early. and later, on the idea that the
government report this evening will be more
bullish than month ago. there was change
Of sentiment which caused the upward turn
in prices. British cables were bearish. Prices
here ranged. September. 76 to 1850 to 766se;
December. 77sl to 777Sc TO 71ss to 7Slsc. and
off TO 7S14 at l o'clock. May sold, SlsSG
S2ssc Out inspection, 5000 bu. Re
of winter wheat, As spring. 912 corn and
200 cars oats by rail, and $4,000 corn by
canal. Withdrawals from store were u.s.
SIG bu winter wheat 1S5. 9O1 blu corn and
1882 bu oats. There was good market
in corn to-day. There was more
activity and better strength Part of
the strength was attributed to the
belief that the government crop figures
due late to-day will show less favorable for
the crop than a month ago. In the local
crowd Hutchinson sold September and
bought October and year. Schwatz-Dupee
were buyers in May. Boyden bought Oc-
tober. There was nothing significant in the
movement of corn except a shortage in re-
ceipts here of over 100 cars. Oats were fairly
active: closed 1sq4c higher. The proYis-
ion market was dull except for mess pork,
and that was very icke, owing TO the manip
ulation in October stuff. First prices were
steady for lard, sc higher for short ribs. and
Be lower for pork. Early in the day Bald
win bought January pork at a few cents
over 50. October sold at SIl.50@1l.60, and
on a raid headed by Gudahv, went off 20 81
without much business Hutchinsons brok-
ers put the price up to 15@20c again and
on a second batch of selling orders the price
went TO S10.S5. The drop below 5000 was
caused by the execution OF a stop order for
1000 bbls by Norton Worthington. The
price rallied to IL. Is again before the close.
Lard closed about steady, and short ribs 7l2c
lower for September and DC higher for Oc-
tober and January.
The leading futures ranged as follows:
Wheat-No. , October opened at 76c, clos
ing at 76ssc; December, 7734c, closing at
7S4c; year, 7575c, closing at 76l2c; May,
STAG, closing at S21sc. Corn-No. Octo-
Der opened at 3312c, closing at 33I2c; No
vember, 33SBc, closing at 33Ac: December,
33e, closing at 33lsc; oats-No: Octo-
Der opened at 1850, closing at 19lfc; No
vember. 1850, closing at 1885, May, 23c,
closing at 23lBc. Mess Pork (per bbl)-Octo-
Der opened at S1l.50, closing at Sl1.4O;
year, $50. closing at SS.S2l2; January,
SIS. 97I3, closing at 1905 Lard (per 100 lbs)
December, So. 7212, closing at $50; Janu-
airy. So 72I2. closing at 1915. Short Ribs
(per 100 lbs)-OctOber opened at $3.50 clos
ing at $500; January closing at $40.
and unchanged. Wheat-No. spring. z6Ac;
No. spring, 64066c; No. 2 red, 7614c.
COrn-No. 2, 33l2c. 0ats-No. 2, 19Ae. Rye
No. 2, 4112c. Barley-No. 9. 60@6212c.
seed, s!.26: Mess Pork-Per Dbl, Sll .35@
11.4O. Lard-Per 100 lbs S5.95. Short ribs
sides Ooose), S5.O5@5. 10; dry salted shout
ders (boxed), S4.5004. 6212; short clear sides
(boxedl. S5.37l2@5.50 Whisky. distillers'
finished goods. per gal. S1.O2. Sugars I'M
changed Receipts-Flour. 12.00U bbls;
wheat, 125, 900 bu; corn, 5l3. 900 bu; oats.
241, 600 bu: rye, 25, 900 bu; barley, $1,000
bu. ShipmentS-Flour, $4,000 bbls; wheat,
2I2,OOO bu; corn, 434, 900 bu; oats, H.
600 bu: rye, 40, 900 bu; barley, $4,000 bu.
On the produce exchange to-day the butter
market was higher; fancy creamery, 20@21c;
finest gathered creameries, 17@lSc; finest
diaries, 15@16c; fair to good, S01Oc. Eggs,
7Rp