Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-25
SMALL TRADE TRANSACTED.
Prices Somewhat Firmer, But Not
Sufficient to Create Boom.
PROVISIONS IN FAIR DEMAND
The Transactions on Wall Street Ham,
pered by the Photographers Strike.
CHICAGO.
Especial Telegram to the Globe1

puI IL Is sui NANNY OF local character,
and there was some better wheat trade
with outside parties and the telegraph
facilities were slightly improved. More
information was received from foreign
and domestic markets, and the ticker re-
ports were more accurate as we'll, as re-
celved with more regularity. The increased
information of outside matters gave deal
ers more confidence, and the grain mar
kets closed at an advance over yesterday
Chicago elevators as per official returns
contain 5,765,S33 bushels of wheat, 1,943,-
136 bushels of corn, 55O,O5S bushels of
oats, 439,731 bushels of rye and 1874
bushels of barley. AS compared with last
week the above statement shows an in
crease of A, 425 bushels of corn, 94.518
bushels of oats and AL bushels barley, and
a decrease of 125, 906 bushels wheat and
$3.50 bushels rye.
Milwaukee warehouses are stored with
1,666,399 bushels wheat, $500 bushels
corn, 1873 bushels oats, 1886 bushels
rye and 1913, 1864 bushels barley.
The amount of grain in sight in the
United States and Canada on the 14th inst.
is reported to be-wheat 18,17O,S21 bush
els; corn 1,612:418 bushels; oats 3,445, 529
bushels; rye 1,742,677 bushels;
barley 1899 bushels.
Wheat showed more strength and a bet
ter feeling to-day. The continued heavy
| rains of last night and reports of damage
by rust and wheat badly lodged from
storms, together with frmer winter wheat
markets, and better cables, gave operators
confidence. At the opening there was
considerable wheat for sale, which for a
time, kept the market weak, but it reacted
sharply as soon as the sellers were out,
and closed strong at about
full prices. There was moderate
amount of business transacted, and the
average of prices during the session was
about 1 4 better. The clearing weather
toward noon caused reaction, bringing
out the free offerings referred to, under
which there was a steady decline of about
1c. But later the feeling became quite
bullish, several strong parties commencing
to buy quite literally, which alarmed the
shorts and turned them to buying also.
Under this demand prices gradually de-
clined 1 118c On August, &c on September,
and 1 $50 on October, afterwards weakened
some and closed steady at lc higher than
yesterday, and September was the favorite
option with traders, closing at $1.O4I.
There were seventy-one cars inspected in
| to-day, of which twenty nine were of the new
crop. Only 5000 bushels were reported
shipped, with no charters. There is con-
siderable inquiry for shipment, but no
| vessels here, and lake rates have been ad-
vanced d C this week. 1t is thought there
will be good lines shipped out as soon as
holders can get weights. A bull argn-
ment is the last report of the MlIlers' Ma
tional association which shows a still fur
Their reduction of yield. The aggregates
for the principal wheat growing states,
including Oregon, are 100000 bushels
less than the estimate reported
May 16 for the same
area. The resulting shortage from the
crops of 1882 would be 1O7,60O,0OO bush
els, or little over twenty per cent.
The -four market is quiet, and there is
no particular change in the tone of the
trade, with the home buyers looking about
and making better bids than heretofore.
The quantity on hand and back is light,
and it is thought we will have very light
grinding for the near future. The home
trade were looking after the finer family
and bakers brands, while shippers were
bidding for the good bakers stock
and for the lower grades. Bran and all
mill stuffs were holding steady and selling
quite well.
The feeling in corn is strong and adj
vancing, the continued shipping demand
causing firm market. There was a fair
degree of activity to-day, and although
prices underwent frequent changes, the
fluctuations were within a range of 1c.
At the close the nearer options were 81
higher than yesterday and October 1c
higher. Early in the day the feeling was
strong, influenced by the frmer tone in wheat
and recent destructive storms in the coun-
try, but finally weakened and fell some, but
later became more active and the decline
was more than recovered. August, selling
1c from the lowest point and September
&c, then changed slightly, but closed
steady, August ending the day at size.
The receipts to-day were large, equaling
675 cars, while $4,000 bushels were re-
ported shipped and vessels engaged to
move 10000 bushels. There would be
largely increased shipping movement were
it not for the scarcity of vessels.
Oats were quiet and slow at steady prices
for cash, and the near futures too slow and
dull for the deliveries on the new crop.
Still, trading was more than usually light,
and there was little disposition shown to
trade in either direction. No. cash
was sought after at 3414c and No. white
at 35115c, with only few cars on sale,
The bulk of the receipts are going to the
market and doing better, on track or free
on cars than could be done in store. The
feeling was improved at the close, traders
are cautious about selling short at pres
emit prices. August is a favorite option
with buyers. There were 127 cars of all
grades received to-day, and $4,000 bushels
shipped.
Rye was quiet at steady prices with