St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-06-12
WHEAT AND -Four

WHEAT AND FLOUR
now on passage to the United Kingdom
was reported TO be Is. 900 quarters less than
last week. but this fact made no difference
to those whose principal anxiety was to get
rid of long wheat or go short. Puts.
last night. on August wheat sold at 912s@
91$lc and the Ream-Jones crowd is said to
have bought 4 great lot of them. These
were. OF course, good to the buyers and eX-
penSive kind OF property 70 the sellers.
Perhaps the fact that the clique, which is
popularity supposed to have so much wheat
'long" had so many of these puts" at
p15s@913l. is the reason why it did
not sell heavily to-day. 1t did not, at
any rate There was a vast deal of sell
mg but it was by the mob and in little lots.
Cudahy. however. sold some, but not
heavily Toward the close there was some
buying by Naiumerer and Others, at 81 sc
for August and this it is presumed is for
the account OF some of the big longs" and
is to lower the average. July opened at
s95Sc advanced to 9015c and then declined
steadily TO SS%Sc. recovered slightly-tO soc
closing quiet and weak at S934c, being
lie lower than yesterday 5 closing. August
closed at 902Ic and September at 92Mc.
THE GOVERNMENT ESTIMATE
of the crop is the lowest since 1876, yet the
bears set in with as much mpunity as if it
was the largest. The only two years since
then that have even Appropriated the
present crop was 1877 and 1881, when we
raised 500. 000 600 and $50. 900. 600 bushels
respectively: vet on the former crop wheat
sold in this market as high as 81. 461!, and
on the latter at S1.3S, with general cOndi-
tons OF trade no better than they are now,
and why it should go begging this year on a
500. 600. 900 busheI crop at SSc is difficult
to comprehend. The wheat situation, as
whole, IS not little peculiar and perpiex-
ing. but the main disturbing element is the
continued Indifference Of foreign markets.
Under other circumstances the present out
look would have put wheat much higher
long before this time, but as it is, the mar
ket seems to halt and linger and hesitate
above 9Oc. What will be the final outcome
is hidden from present sight.
Corn stands comparatively firm amid all
the commotion around. The trading in it,
however, is quite small in comparison with
wheat. The receipts are only moderate,
while the demand continues good, and
these two facts in themselves are enough to
make
A STEADY MARKET.
July and August opened at 1870, but from
that figure July sold up to 4615c and then
fell back a little, while August went below
46c. Liverpool was firm" on corn and =
penny perennial higher, and this circum-
stance, taken in connection with steadinesS
at New York. prevented any further break.
The amount of corn now on passage to the
United Kingdom was reported to be 40. 900
quarters less than last week, which report
was an additional element of strength
However much corn there may be in the
country and however favorable may be the
crop prospects, with no more in sight and
10 more coming in, there is little chance
for lower prices, as the market will be gov
erned by the simple law of supply and de-
mand. The close was steady at H035c
under yesterday. closing at 474c June,
4G1lc July, 1859 August, 1890 Septem-
Der.
Oats were slightly lower, with only mod
crate business. The feeling throughout the
session was dull and the outlook seems TO
favor lower values as we approach a new
crop. Closing prices this afternoon were
without special change, the demand being
only moderate and tone dull and were Ac
under yesterdays latest figures. Closing
prices were 33$4c June, 3314c July, 2S16c
August. 2715c September.
Provisions, influenced by continued heavy
receipts of hogs-3S, 000-opened lower.
and further decline in pork and ribs is
noted, While lard being less freely offered,
was without quotable change. The last
transactions this afternoon show decline
on pork of Sc and on ribs of 215c. There
was rather more inquiry for all the product
during the late session, and prices recovered
somewhat from the decline of the morning
July pork opened at S10.25, declined to
SOLO, recovered the loss and closed at the
opening price. August closed at 5000
and September at 5000. Lard closed at
$3.50 June, $3.50 July, S5.621I August and
$50 September. Short ribs were I'M
changed, closing at So June, $3.50 July,
$40 August and S5.47$4 September.
The Quotations.
CHICAGO, June IL Flour dull and weak,
but with no appreciate change in prices
Wheat ruled unsettled and weak; the market
opened 5sGD34c lower, rallied 5sc, sold off 15Sc,
fuctuated and closed 11sc under yesterday
Sales ranged: June, S715@893se, closed at
ST$4c; July, 8S7s@90%c, closed at soc; Au-
gust, 901s09215c, closed at Ole; No. 2 spring,
sT34c; No. 8 spring, 7S@79c; No. red, sac;
No. red, sac. Corn-Influenced by the
weakness in wheat and the fine weather for
the growing corn, the market was weaker and
prices declined $s@1ac under yesterday s clos
ing figures, 1iuctuated, and closed
ssD1ac under yesterday; cash, 471s;
June, 47@47asc, closed at 4T19c: July, 46H
@463ac, closed at 1890; August, 1870
46Mc, closed at 1870 Oats-Only a small
business transacted and the feeling easier
the market closing 1z@14c lower than yester-
day; cash. 3334@3+c; June, 33$40335sc, closed
at 335ac; July. 3315@331lc, closed at 33s4c;
August, 2S1s02S14c. closed at 2S1Sc. Rye
steady; No. 2 Csc. Barley nominal Flax
seed easier; Nc. l, S1.34. Mess pork active
but unsettled and weak: prices 15@2Oc lower:
cash, S10@l0.15; July, Sl0.121a@1O.25, closed
at .211a@10.25; August, 102T%@IO. 35.
closed at S10.221z@1O.26. Lard quiet and
prices 215@5c lower; cash, S6.5O@6.55; June.
S6.6006.e21a; July, S6.501655; August
S6.60@D6.621a Q Boxed meats steady:
dry sailed shoulders S3.S003.G5; short rib
sides, S5.25G5.271a; short clear sides, So. 700
5.75. Whisky firm at $1.15. Sugars steady
and unchanged. On the produce exchange
butter in better demand: creameries 13016c;
diaries, 11@12c. Eggs firm, 1i@1115c Re
ceipts-Flour, $4,000 bbls: wheat, SO 600 bu;
corn, 1872, GOO bu; oats, los, 000 bu; rye, 5000
bu; barley, 10000 bu. Shipments-Flour, H.
900 bbls; wheat, $4,000 blu; corn, 243, 600 bu;
OATS 10000 bu; rye, 1000 bu; barley, 1000
bu. Afternoon board-Wheat weaker, nc
lower. Corn steady, 5000 higher. Oats 16c
higher. Pork T15@I21ac higher. Lard 121ac
higher.
New York Produce.