St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-07

HALF A POINT HIGHER.
Local Operators, by Liberal Specula-
lion, Force Up the Price Of
Wheat.
Corn Closes a Shade Higher, Oats Ad-
vance, Provisions Falling
Off.
Financial Operations Of the Money
Kings--Fhe General Quota
tons,

CHICAGO. Nov. 6.-There was rousing
GOOD wheat market to-day. with the price of
December put up TO Sic twice before l
O'Clock. The outside news was conflicting
and the making of prices was left largely to
local operators. The crowd started IN bear
ish on the bulge of lac al the opening. They
old December off from S024c TO SOl9c and
May from S4l2c to s4hc. Al this time Hutch
inson was the only prominent buyer, ana
after taking the offerings he easily put prices
up 10 Sic for December and S4Ssc Tor May.
He was then credited with selling 10 the par
ties who sold TO him an hour before. AT last
prices were set to SQlsc for December ana
S44c for Nav. Then came some bull news
Fourteen boat loads were reported taken for
export at Baltimore. Lindblon had cable
giving a shortage of 6,001,000 bu on The
German rye crop. Nelson WOrthlnSton
had cable claiming that Southern Russia
has but 80 per cent of the crop of last year.
These things, on top of the latest estimate
Of Statistieian Dodge, making the crop Of the
United States 47O, OOO 600 bushels byweight,
caused a furry in the buying side, and this
put December Sic again and May TO S4asc
as before. Prices held better on the second
bulge and at l o'clock December was steady
al sO7Sc, or Ice over the closing price on
hOuudN. DSSIOO4lLA lASiOhSSN HAANUN NA@
ocean passage about -, coo bushels, while
the beard Of trade cablegram made the in
crease 24O. OOO The receipts OF wheat here
were 800 cars, including Up cars Of No =.
Cars for Thursday, 307: Minneapolis re-
ceived 495 cars and Duluth S94. The big
buver of the day here was Hutchinson. al
though Logan. Baker and Norihlngton
bought freely at times. followed by the
crowd. McGurn was a seller on the FIRST bulge,
and Kammamer. after selling early, bought
Wheat held steady and strong at the close
Receipts for two days were 40 cars winter
wheat 22O cars spring. 227 corn, and 22l
oats by rail. and $500 bu winter wheat 81
coo bu corn, and $4,000 bu oats by canal.
Withdrawals from store were 1880 bu
winter wheat 1000 bu spring, 500, 943 bu
corn and s.. 2=S bu oats There was good
demand for cash corn ana prices were ad-
vaneed sse. This helped futures which
closed a trifle higher. Oats were dull but
steady. The provision trade drlfted back 10
January contracts again to-day and Novem-
Der dealings again became of secondary i'm
portance There was no dashing business
either way, while business was well distribu
ted in lard, pork and short ribs. Hutchinson
was the principle buyer OF the day, taking
large lines of pork and short ribs. He was
opposed by the trade generally, although the
packers did not press the market The
range of prices was narrow, and at the close
short ribs were 5@7l2c higher Lard was
easier for the mouth and firmer for January.
November pork sold at So. 02l2 TO S9.07l2 to
SIS. 95 to So at the close. January at S9.07l2
G9l7I2, and closing as on Monday at
S9.12I2.
The LEADING fr1tures RANGED as follows.