Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-07-15
STEADILY IMPROVING.
The Tone Of the Chicago Markets
Greatly Strengthened.
ANOTHER ADVANCE IN WHEAT.
Corn and Oats Partake Of the General
Bracing Up Process.
ALSO SOME BETTER.
A Field Day for the Bears on the New
York Stock Exchange.
PROVISIONS ALSO SOME BETTER
CHICAGO.
Especial Telegram to the Globe

CHICAGO, July 14.-This has been dull,
quiet day on Change, with no special
features excepting only the absence of the
usual decline, prices in nearly all markets
ruling higher most of the day aud closing
not far from yesterday. The one feature
of the wheat trade was the covering of
million bushels of August shortage by
Adams. The best houses in this trade are
inclined to think the future of prices will
depend greatly on the movement of the
new crop. Should the farmers hold off
for better prices and not market freely
then higher figures will surely be realized.
The result is awaited with interest. To
days receipts in st. Louis from the new
crop were tifty-fiv cars, and it is learned
arrivals will soon increase. At CORES
ponding time last year the movement was
decidedly larger. Corn was hampered with
larger receipt and smaller charters. The
close Of the week has been welcomed by
the provision trade, who trust that they
may never experience such a run of ad
verse influences as have been on the
carpet since McGeoch's failure q
month ago, adulteration, rumor upon ru-
NOR, failure at home and failure abroad.
canards, roorbacks and finally yellow
fever, resulting in disastrous and unpar-
alleled decline, which, at last, they think is
checked. The market opened with lively
buying, and September pork readily
brought 81, but parties received news
from New York of the spread of flour,
afterwards contradieted, and Singer &
Armour both sold October pork freely.
There was quiet business in wheat on
the board, with prices changing back and
forth frequently, but moving within a
range of &&lc, averaging, however, consid-
erably higher than yesterday. At one
time values were 1 1fc above the highest
point reached on Friday, but afterward
became quite easy and fell off irregularly
&c, improving again, fuctuating, and
closing about &c better than on call the
previous day for August and September,
while October shows little change. July
wheat ranged at $1@LOO3I, the last sale
being at $1.OO16.
There was fair call from the city trade
for the finer brands of -four to-day, and
some few shipping.and export orders, but
the limits are low and have to be met by
holders in order to move the stock; hence
the market continues quiet and trading
very light. Bran and all millstuffs are
selling well and holding firm.
Corn opened firm and sold up Ia sc
over the closing figures on change yester-
day, but the improvement caused free offer
ings, and this fact, together with the report
that more hot corn had been posted in New
York, produced good deal of weakness,
and there was steady decline of &c.
Later, in sympathy with the improvement
IN other markets, corn advanced 15e and
| closed tolerably steady. There was not so
urgent demand for cash corn, due chiefly
to the fact that freight room is scarce and
there is difficulty in getting it forward.
At the close prices were a 3sc lower than
at the close on yesterday afternoons call,
SIC being bid for August. The highest
and lowest quotations of this future were
51A and 5215.
At the opening on change the oats mar
ket was slightly better, and for while the
tone was a firm one, but there was break
later, and dullness prevailed during the
latter part of the session. Nearly all fu-
lures closed slightly below yesterday. The
offerings of samples were in excess of the
wants of the trade, and lower prices were
accepted to close out AMI clean up. July
oats closed slow at 34c, a margin of sc over
August, and within 16c of the inside quota
ton of the day.
Rye was somewhat more lively to-day,
and higher prices were ruling, with good
call for cash and all futures selling at a