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 1O.-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-chiefly owing to a heavy de-
mand from shorts. Wheat also showed con-
siderable strength. The amount of wheat
and flour afoat for the United Kingdom and
the continent shows decrease of over O.
5000 600 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-
lions 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
III 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 a 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 15014c in order to execute
their orders, and prices varied fully &c in
| different parts of the crowd, and early sales
were 3l@1c higher than the closing figures
on the 2 20 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 4@5sc more,
then declined &c, and after considerable
fuctuation closed 1@11sc higher than the
closing figures Wednesday afternoon, or at
|
the afternoon board August closed at see
and September at S314c, or sc 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 oversold market making operators
somewhat uneasy in regard to their out
| standing contracts. Receipts were not large
and shipments exceeded arrivals. The mar
ket opened 1l03lc higher than the closing
figures Wednesday afternoon, advanced 1c
more and then after some fluctuations be-
| came excited, under active buydg and adj
vanced in all to point 31Ic for August and
21Ic for September above the closing figure
| of Wednesday afternoon board, later there
was decline and August closed 2%c higher
than last sale Wednesday, and September
1$lc higher, or 521Sc August and SO ~ Sep
tember On the afternoon board corn was
active and closed at 5214c August and 514c
September.
Oats were firmer in sympathy with other
cereals.
Pork was offered moderately and the de-
mand was somewhat limited. Trading was
chiefly in the way of settlement: Prices were
frmer and averaged slightly higher, closing
at 800. 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 20025c, but set
tied back 10015c, and closed steady at 1913
August and $3.50 September. On the after
noon board August closed at $72215 and
September $7.3714.
Snort ribs were moderately active and
frner feeling prevailed. Offerings were
less free and the demand quite active and
prices gradually advanced 30@40c on the
whole range and the appreciation was fairly
sustained to the close, which was at $3.50
! August and 1896 September.