St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-11
BULLY MARKETS.
Prices Advanced All Around by the
Chicago Spectators in COun-
try Products.
The Statistical Situation and Eastern and
Foreign Markets FavOring the Long
Depressed Bulls.
Especial Telegram to the Globe.

CHICAGO, July 10.-The grain markets
were stronger and more active on 'change
to-day. The most noticeable advance being
in corn, which went up two and three cents
per bushel-chetly owing to heavy de-
mand from shorts. Wheat also showed con-
siderable strength. The amount of wheat
and -four afoat for the United Kingdom and
the continent shows decrease of over g.
100000 bushels, and this gave great support
to the bulls Farmers deliveries abroad are
now very light, the consumptive demand
must deplete stocks rapidly, and the iudica-
tons are that the statistical situation is like
ly to favor the bull side until the new crops
get in full movement. In provisions trad
ing was only moderately active, but the feel
ing was stronger and prices were
advanced on leading articles The speculative
interests centered in lard and short ribs, and
mainly on contracts for August and Septem-
Der delivery. The shipping demand was fair
and trading moderate, owing to difference
of views between buyers and sellers. The
receipts of hogs were not very large and
prices ruled higher, which had some effect
on the course of the market for the product.
Foreign advices indicated a weaker feeling
in that quarter, and lard was quoted Sd lower
in Liverpool, Eastern markets were rather
quiet and prices steadier. Receipts of the
product were fair and shipments moderately
large.
In wheat trading was fairly active, and
most of the decline of yesterday was re-
covered. The feeling was considerably I'M
settled, especially at the immediate opening,
when there was general rush to buy, large
ly from parties who had sold freely Wednes-
day afternoon. The offerings were not
large, and the result was an i'm
mediate sharp advance, parties bidding
over each other 1S(04c, in order to execute
their orders, and prices varied fully &c in
different parts of the crowd, and early sales
were 3l01c higher than the closing figures
on the 2 30 session Wednesday, The decline
of Wednesday also brought out good many
buying orders, and at the opening yesterday
the demand was largely in excess Of the Of
ferings. Prices advanced 14@55c more,
then declined &c, and after considerable
fluctuaton closed 101 sc higher than the
closing figures Wednesday afternoon, or at
size, August and September at S3Bc. On
the afternoon board August closed at SIC
and September at S315c, or &c better all
around.
Corn was greatly unsettled to-day and
trading active. The shorts were anxious to
cover, especially for August delivery, fears
of an oversod market making operators
somewhat uneasy in regard to their out
Irfop int ,,AI,
and shipments exceeded arrivals. The mar
llet opened 40&c higher than the closing
figures Wednesday afternoon, advanced 1c
more and then after some fluctuations be-
came excited, under active buyidg and ad-
vanced in all to point 31@c for August and
nc for September above the closing figure
of Wednesday afternoon board, later there
was decline and August closed 25Ec higher
than last sale Wednesday, and September
194c higher, or 521S August and SO &c Sep
TENDER. On. the afternoon board corn was
active and closed at 80 &c August and SIG
September.
Oats were frmer in sympathy with other
cereals.
Pork was offered moderately and the de-
chiefly in the way OF settlement. Prices were
firmer and averaged slightly higher, closing
at S22. so August and S21.25 September.
Considerable interest was manifest in the
lard market and trading was quite active.
The market opened comparatively steady and
prices gradually advanced 2O025c, but set
tied back l0Q15c, and closed steady at $7.15
August and $3.50 September. On the after
noon board August closed at $7.221l and
September S7.371S.
Snort ribs were moderately active and
firmer feeling prevailed. Offerings were
less free and the demand quite active and
prices gradually advanced 30@40c oa the
whole range and the appreciation was fairly
sustained to the close, which was at $3.50
August and 1916 September