St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-17
BEARS IN FULL CONTROL.
The Wheat Market Opens Weak, and
Closes at a Slight Ad-
vance.
Old Crop Rumors Revived and Re-
hearsed 10 Catch Unwary
Outsiders.
Financial Operations Of the Money
Kings..-The General Quota
tons.

CHICAGO, Aug. 16.-The wheat market
started weak and uninteresting, but later Ill
the day there was better strength and more
activity. First cables gave prices tendlng
lower OIL the other side for spot and futures.
The receipts here were over the estimates,
and the weather in the West SO improved
that the influences were on the bear SIDE.
At first August was neglected, September
Ac lower at 7GSsc, December Ssc lower at
77s4c. Hutchinson was buyer; Cudahy at
intervals. Other buyers were II. II. Carr d
Co., Schwartz & Dupee, Mitchell, Llndbiom'
Brosseau and Kammerer d McGinn. Prices
soon moved UP to the closing figures last
night; September 765sc, December Is lsc.
Here the market was dull until prl-
Vate cables reported sudden cnange
In England to stormy weather, and prices
advancing instead of declining, as the early
public cables gave it. The hour before noon
was marked by bulge which put August up
to 7Sc September up to 71s4c, and Decem-
Der to 7Sl2c. May also recovered from SIC
to S212c. Hutchinson bought september IN
reckless manner and this gave strength all
around. After dropping back to 7S$sc, De-
cember went to 7S5sc before l O'clock
There was no important news. Some New
York cables were rehashed, attempting 10
show that Russia will have surplus OF 2oo,-
DOC quarters for export Atlantic ports
cleared but $1,000 bu wheat and 3rooo
packages of flour. New Orleans cleared
$4,000 bu for Liverpool Chicago MllWau-
kee, Toledo and St. Louis received 2ol.Ooo
bu, and shipped $4,000 to-day. New
York dispatch gives 100000 bu marked Tor
South America. The estimate for saturday
was 21O cars. The bulge i'll wheat
was fairly we'll maintained at the close
Last prices were within lsc of the top all
hround. Receipts were 2l6 cars winter
wheat; l6 spring, $50 corn and 237 cars oats
by rail and IL, 225 blu corn by canal. With
brawals from store were 53,OS3 bu winter
wheat, l43 bu spring, 29S ,992 corn ana
145, 04S oats. Corn started out weak on uc-
count of the fine weather, large receipts, ETC.,
but it became little stronger as the session
advanced. Dispatches from the West 1ndl-
cate that receipts from that quarter, owing
to washouts and other incidental delays Will
be light for some time. Hutchinson was
buyer of corn all the morning. Oats were
neglected and lac lower than Yesterday. Less
feceipts of hogs than expected, better prices
for the same and less free offering OF prod
uct held the provision market fairly steady
to-day. Pork was raided down l5c TO l1l2e
early, but recovered on shorts buying and
closed without important change from yes
terday Lard and ribs closed 5D1Oc better
than yesterday.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. = September opened at 76l2c,
closing at 779sc; December, 777sc, closing at
7Slac; year. 7o7sc, closing at 71Ac; May,
82Ac, closing at S29sc. Corn-No: 2 Septem-
Der opened at 35aSc, closing at 35l2c; Octo-
Der, 3514c, closing at 35sBc; December,
84Bc, closing at 347sc. Oats-No. Septem-
Der opened al 20SBc, closing at 20SSc; Octo-
ber 20sBc closing at 20ssc; December, 2lc.
closing at 21c. Mess Pork (per bbll-Sep
TENDER opened at $3.50, closing at 50. 72L2i
October, $9.65 closing at S9.67l2; January,
$3.50, closing at $3.50. Lard (per 100 l6s,)
September opened at SGD, closing
81 &c. 22l2; october. S6.1O, closing at
s., 92l2. Short ribs (Pser i; 100 lbsl
pit $5.17la; October. $50, closing at
b. 20; January, S4.62l2, closing at $3.50.
Cash quotations we're as follows: Flour firm
and unchanged. Wheat-No. spring,
Use; No. 3 spring wheat, 7ol2c; No.
red, 7Sc. Corn-No. 2, 35l2c. Oats-No.
2, 2Oi2c. Rye-No. 2, 42I2@43c. Barley-No.
p, Csc. Flsxseed-No. l, S1.22l2; prime
timothy seed, $1.48 for new. Mess
Pork-Per Dbl, S9.70@9.75. Lard-Per
100 lbs, S62C@6 %. Short ribs sides Qcose(.
S5. 15@5 90. Dry sailed shoulders (boxed),
b. e712@5. Short clear sides (boxed),
s562l2@5. Whisky-Distillers' finished
Receipts-Flour, 1000 bbls; wheat, "a
boo bu; corn, 26S.00o bu; oats, 235, 600
bu; rye. 10000 bu; barley. 1000. Shipments
Flour, 1000 bbls; wheat $4,000 bu:
corn, % 900 blu; oats, 139, 900 bu; rye,
none; barley, 1000 bu. On the produce
Exchange to-day the butter market was I'M
changed. Eggs, l4l2c.