St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-25
MOVEMENT UPWARD.
Wall Street Shows a Bold
Front, and Stocks
Climb all Day.
ST. Paul and Western Union the
Leaders in the General
Upturn.
The Cholera and Yellow Fever Ca
nards Lose Their Grip on
the Grain Pits.
Wheat and Corn Advance Steadily to the
Close Of the Regular Board
in Chicago.
Pork Remains Quiet and Other Provisions
Go Up and Down Very
Slightly.
CHICAGO.
Especial Telegram 10 the Globe. [

CHICAGO, July 24.-The markets on
change to-day were void of special features.
The cholera scare did not seem to be as
much of an argument as ususl. The yellow
fever reports from New Orleans were per-
ceived to be without foundation, and there
were no financial failures Outside orders
were light as usual, and trading, what there
was of it, chiefly between local operators.
Cables were stronger, but New York markets
weaker, and st. Louis dull, with receipts of
10000 bushels OF wheat. The grain markets
opened stronger owing to the rainy weather,
which was expected to delay harvesting and
thrcshing. Wheat, after the usual fuctua-
tions, closed on the afternoon board some
what higher than the opening, and &c
higher than yesterdays close for August and
&c higher for September. Corn closed &c
lower for August and &c lower for Septem-
Ger and oats closed &lc higher for August
and 4 c for September.
Provisions showed their general activity
and lard and meats were firmer, lard closing
SC higher for August and September and
short ribs 121l@15c higher.
The wheat market was stronger, but with
no increased activity. The rainy weather
and reports Of good export demand caused
firm opening 1l035c higher than yesterdays
last figures, or at S3Mc for September. But
this advance brought out free offerings,
under which prices declined about re.
Later under a better demand prices went up
to sac for September, the highest figure OF
the day and closes on the regular board at
that figure. On the afternoon board, how
ever, prices were easier and September went
down to 831tc, closing at that. August
closed on the regular board at S2%c, 2lc
above yesterdays close, but fell off to sage
on the afternoon board.
Corn was again active and the feeling
unsettled, prices fuctuating within mod
crate range. There was a good demand
early. the advance late yesterday afternoon
having brought out good many buying
orders and the shorts were anxious to cover.
First sales were made at slight advance,
which caused desire to realize, which
in turn brought about a decline of &c. From
this there was a rally of &c, but when the
receipts were posted, showing 345 cars, of
which eighty-four were contract grades, the
market became weak and declined @S(0Xc,
rallied again @5c after slight fluctuations,
closed on the regular board at 5415c for
August and 5495c for September. On the
afternoon board prices fell off to Il close of
535sc for August ana sac for September.
Trading in oats was entirely speculative
ana very light and closings were 2715c for
August, gain of &c over yesterdays close,
and 20 c for September, a gain OF &c.
There was little more life exhibited in the
provision pit. trading as usual. being CON
fined TO lard and short ribs. The receipts of
hogs were fair and packing grades lower
the feeling in the market for the product was
weak during the early portion of the session.
Towards the close the feeling was stronger
and prices rallied again and ruled with con
siderable steadincss to the close. Pork was
nncbonpod Tarj oftar drmar onepi,c
was 5l7t5c higher. hut soon receded oroin
Later prices rallied TO close of 81 for Auopst
and S7.12l5 for September ON tbe regnIor
board. and Sc lower on the afternoon hoard
Short ribs onened 2l<085c biobrr then
gradually advanced 1o11t91<c bpt settled
back 5a7 &c and closed at s.. 5915 for .Jplv
and 81. 60 for scntcmber2 On the afternoon
hoard nrices feII Off 2l<035c
The general cattle market was duI with an
sasier feeling all around. The exnort de-
mand has dwindled down TO little or nothing.
the foreign markets being oyerstocked with
American beef. Texans are selling at the
lowest lcures so far for this season. Wyom-
lngand other far-west range cattle are about
soc per one hundred pounds lower than at
the opening of the season last year.
Receipts Of hogs were moderate, trade slow
with prices shade lower on heavy, while
light sorts underwent little or no change
Frank Crittcnden, who owns some land in
Nebraska, and who is out there just now
looking after it, wired his partner, Harvey,
that the crop of oats and corn out there is