St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-09-18
WHEAT SHOWS UP STRONG.
Buying by Big Bulls Causes an Up
ward Movement of
Quarter.
Corn, in Active Sympathy, Closes a
Shade Better Than on
Monday.
Financial Operations OF the Money
Kings---Fhe General Quo
tati0nS.

CHICAGO Sept. 17.-Wheat-The speclIa-
tive market averaged dull and narrow, but
strong to-day. Opening figures were prae-
tically at the closing range OF yesterday, anQ
after a gradual improvement OF A@Ssc In
the leading futures the market hung slug
gish and characterless all the forenoon,
within the range of 7Sss07S75c for Decem-
Der and S246s2l2c for May. There ap-
peared to be no pressure TO sell from any
quarter. and at times both the demand and
offerings were so small that business in the
pit was at complete standstilI. News was
scarce. On the bull side, the most i'm
portaut items were the reported de-
crease for the week in the quantity OF
wheat and -four on ocean passage, of 1,l6e,-
900 bushels, the smaller receipts of wheat In
the Northwest and the light estimates for to-
morrow at this point The miserably poor
grading OF current arrivals is attracting wide
spread attention and there co not appear
to be many people in the trade here who can
offer a satisfactory explanation OF the exist
ing state of affairs. Out of ;372 cars inspected
in to-day there were only seven Of the con-
tract grade or less than per cent No one
doubts the existence of some No. 2 wheat in
the country somewhere, but the question is,
When will it be marketed? At least one line
of December shorts were covered to-day TO
the extent of about quarter OF million
bushels by house with foreign connections.
II was SAID that this buying was done
wholly on the inspection showing. As an
offset TO the bullish influences enumerated,
was the light export movement and indlHer-
ent tone of the cables, public and private.
Good support was given wheat here by
monument operator vino was a persistent
and steady buyer on all the weak spots.
Final closing prices were little under the
extreme outside range, but there was net
gain over yesterdays closings Of lsGAc.
Corn-A fair speculative trade was Tepoted
In this market, and the feeling developed was
somewhat irmer, transactions being
slightly higher prices. The market opened
ls14c better than the closing prices OF yes
terday, was steady for time, then ad-
YBnced lac, ruled weaker, and closed
shade better than yesterday. The
better tone was due to the general change III
the weather and smaller estimated receipts,
which started local shorts to covering. but at
outside prices offerings were quite heavy,
and the full advance was not sustained. OATS
were traded in moderately, and steady feel
ing prevailed, but price changes were very
slight Mess Pork-A fairly active trade was
reported. October delivery showed more
misunderstanding 25Q 30c-but other de-
lfyeries were easier. and changed hands at
l2I2@l5c decline. Lard-Not much interest
centered In the market, and trading was
limited. Near deliveries were comparatively
steady, but deferred deliveries were easier
and about 2lac lower. Short Ribs Sides
Only a moderate trade was reported. Prices
ruled 2Ia65c lower on the deferred deliV-
cries, and the market closed quiet.
The leading futures ranged as follows:
wheat-No. October opened at 1880, clos
ing at 1850; December, fSl3c, closing at
7S1sc; year, 764c, closing at 1850; May,
S2I2c, closing at S2ssc. Corn-No: octo-
vember, 32Ssc, closing at SIC; December,
Sls4e, closing at 315sc: May, 33s4c, closing
at 33s4c Oats-No. October opened at
1920, closing at 1859; December, l9$4c,
22I2c. Mess Polk (per bbl).Octo6er opened
CT SlI %, closing at SlI.22l2; November,
SO. 10 closing at 1925; January, $50,
closing at 500. Lard (per 100 lbsl-Oe-
November. $40, closing at sS;57l:' Jan Jan
(per 100 lbs - october opened at
S4.s5, closing at $4-e2l2: NoVem-
Der, S46O, closing at $4-62l2; Jan
gary, $50. closing e., at @i !,oE5
steady and unchanged. Wheat-No. spring.
764c; No. ) spring, 63Q6cc; No. red, 7614c
Corn-No. 2, 32ssc. OatS-No. 2, 1880. Rye
No 2, 41$4c. Barley-No. 9, 60G63c. Flax
seed-No. /. 81 % Prime timothy seed. 81. 30.
Mess Pork-Per Dbl. Sl1.l2@ll.25. Lard
Per 100 lbs. S606.02I2. Short ribs. sides
Qoose), S.. OjQ5.1O. Dry sailed shoulders
boxed 81 37l26450. Short clear sides
(boxedj s.. 25@5.37Is. WhisKy-Distillers'
finished goods, per gal, s1.o2. Sugars-Gut
loaf unchanged; granulated unchanged. Re
ceipts-Flour, $4,000 bbls: wheat, 123,0
bu; corn, AS, 900 bu: oats. 2I5, 900 Blu; rye,
10000 Du: barley, $1,000 blu. Shipments
Flour, 1000 bbls; wheat 144.o O0 bu; corn,
424,OO0 bu; oats, 200 bu; rye, 5000 bu;
to-day the butter market was active; fancy
creamery. 23c; fine, I5@I6c; finest diaries,
1Sn DC fair TO good 96l0c. Eggs, Ice.