St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-07-04
ON HOLIDAY EVE.
Spectators Unburdening Their
Minds by Getting Out of the
Market.
The Chicago Board of Trade Stands
Adjourned Until Next Monday
Morning.
The Day characterized by Weakness and
Inactivity Throughout the Grain
List.
Stocks Get Decided Boom, the Grangers
Being the Feature and Others
Following Suit,
CHICAGO.
Especial Telegram to the Globe.l


rather sacrifice good opportunity on the mar
ket than to have the mind burdened with bust
ness cares on the great national holiday; hence
little was done on change to-day
beyond straightening up matters for
three days adjournment. The opening, as well
as the entire session thereafter character
lied by inactivity and weakness in grain
strongly at variance with the strong and active
condition Of the stock market. Stocks were
stronger than they have been for weeks past
and it seems no longer the fashion to 90 short
on them. The strongest article on the grain list
was corn. 1t was yesterday reported that Sam
uel Aerton aud David Dows had the bulge
on the boys and had good
deal more corn bought than there was
here to deliver. There was not so much said
about It to-day, but it is plain that manipulation
somewhere explained the reason of its super
fneness. The opening price for the August op-
ton was 53as. The lowest point was 53c and the
close 535c In this article, as IN all others, there
are no large trades and no other feature consid-
cred worthy Of comment.
Wheat was weak and inactive all day. One
reason for the poor trade in wheat is the unwill-
ingncss to risk anything deal until it is
known with some degree Of certainty how large
the new crop will be.
"This was the trouble with the st. Louis mark
ct to-day, said Mr.. A. NJ. Wright, remarking on
the general weakness "She has been getting
little scared on account Of reports descriptive of
the size Of the western wheat crop, and to-day
the boys down there had to back down. 1t was
partly owing to the influences OF the st. Louis
market that things stood still here"
The provision market fairly active and
stronger feeling was developed and material
appreciation in prices gained and moderately
well supported to the close. Offerings on specu-
latiya account were not very free and the demand
was quite urgent. The shipping demand
fair, speculative trading was mainly in lard and
short ribs with contracts for August and Sep
tember delivery attracting the most attention.
Foreign adyices were steadier and reports from
the eastern markets u little more favorable. The
receipts Of product were light and shipments
quite liberal. The board adjourned until Mon
day morning.
The wheat market was rather quiet, though at
times fair demand existed. No features
We're developed and prices 1uctuated within
small range. Liverpool quoted wheat duh. Our
receipts were small and shipments also light.
Stocks in Wall street were higher and this tended
TO partially sustain values The market opened
easier and lcGl 7sc lower and declined 1ac more
under rather free offerings. At the decline,
however, there was fair demand from shorts
and prices steadily improved 5ac, then declined
Iac and finally closed about 'scMAc lower than
closing figures ON the 30 O'Clock session yes
tcrday that is at So &c bid for August and Sc aac
bid for September. On the afternoon board it
was quiet ard steady.
There was a fair business transacted in the
corn market, and the feeling developed was
stronger and prices higher. The receipts
smaller and only twenty four cars graded
tract corn. Shipments were larger and consider
ably In excess OF the arrivals. Liverpool quoted
corn firmly held. The shipping demand was
moderate The speculative inquiry was fair,
shorts being more disposed to cover The
kct opened easy and prices declined 9sc, then
commenced to improve aud advanced al01c
above inside prices eascd of little; huctuatcd
and finally closed about i5 c higher than the clos
ing figure than the 2:3O o clock session yesterday
Speculation i'm oats was very moderate and the
market was dali aud quiet.
Very little business IN pork was transacted on
the regular board, though the feeling was frmcr
and prices a trihc higher The offerings were
limited and the demand light, the closing qu 4
tious being Si0.T5 for July and $3.50 for An
gust. ON the afternoon board, however, the
market became active and excited and prices
went 5oco 81 % higher, closing at S2l for July
and 5000 for August
The demand for lard was moderately active
and the offerings fair Prices were drmer and
5Wloc higher per 100 lbs aud closed steady In
quy Tor shipments was fair Sales OF July
were made at S,.87ag1.4O, and August closed
steady at S7.520 S1.55
Offerings OF short ribs on speculative accounts
were only fair aud the demand was quite active.
Prices were advanced l5c0 e0c per 100 pounds
Aud the improvement was well supported The
dom fsl4f