St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-06-20
a Combination of Unexpected Influences
Puts Wheat and Other Cereals
Down Again.
The Market Plays Game Of see-Saw,
Stopping Very Near the Low
est Notch.
Wheat Calls the Turn, Influencing all
Other Speculative Articles
as Usual.
Railroad Stocks at New York Dull,
Though Active, Closing Strong
With Bulls on Top.
Chicago.
Special to the Globe.


Special to the Globe.
CHICAGO, June 19.-The wheat Market
for July and August. under the influence
of better cables, this morning opened "A c
higher, sold down &c, advanced again De
yond the opening, and afterwards slowly
declined. There was very lively trading,
and at CSC for August there seemed 10 De
plenty of wheat for sale. The bull 1eelihg,
however, is growing stronger every gay;
and the market goes up much easier anu
faster than it goes down. This is caused
mainly by the change OF attitude
in the market across the sea. For TWO
DAYS in succession an advancement IN
values has been reported and shipments at
the seaboard have kept pace with the up
turn. This all-important fact indicates
that England wants more of our wheat than
she has been getting of late, and is willing
to bid I'D for it at the rate OF about &c
bushel, striking an average between the adj
vance in California and red winter. Inc
buying movement, however, extends to
spring wheat, although the advance III TINS
variety does not as yet correspond TO tnat
of California and red winter. To-day LlY-
erpool adviceS told OF
A MODERATE DEMAND.
at an advance of one penny per Genital.
Cargoes off the coast were firm, and on pas
sage steady, with rise of pence per quar-
ter. New York opened S6@19c higher,
and st. Louis X@4c, but both followed
our market afterward. On the other hand,
reports from a number of localities show
an improvement in the condition OF grow
ing grain, while east bound freight rates
are to be Immediately advanced to 10 cents
per 100 pounds. This, of course, will dis
courage shipments, as this rise in price and
the rise in freightS would. taken together,
put our market above the present export
basis, and if foreign markets Go not
respond to the new departure, business will
be checked until buyer and seller can agree
upon the new basis Hence the willing
ness this forenoon on the part of many
longs to sell out and get their profits. and
wait for little decline for taking hold
again. There is a large line of long wheat
held here, and the fear that this may
be Thrown some day makes many OPP
orators timid. The early strength was lost
on the late board and weak feeling re-
suited from free realizing sales, and
was about Zcfower for the day. The close
was SS15c for June, S95sc for July, 91Tc
for August and 93%c for September.
Last night W. T. Baker, who was buying
all day yesterday, presumably for Nat
Jones and his New York customers, sold a
very large line on the curb. Leopold Bloom
alone took 500, 600 bushels. Bakers sales
tonight were set down for the account of
Jones. The curb this morning was little
unsteady, but the opening was strong at
pSc for August wheat. Clifford and Baker,
and Jones and Fleming and Boyden, and al
most all the big traders who were buyers
Yesterday, were sellers to-day, and
the price at once suffered. ZONES and
Ream have finally parted company as spec
ulatOrs," said a gOsSiper. after bulllng
the market together for years and bearing
it together, they have finally separated and
now Ream is leading the selling and Jones
the buying. The result will, of course, be
either that some of Ream's bank account
will be transferred to Jones, or some Of
Jones' to Ream. Ream has on the same
side with him John Cudahy and John
Plankinton, who, without any alliance
with him, are just as radical bears as he.
THE GOSSIP IS
that Charley Osborne and Woerishoffer are
in pool with Jones. There'n be an inter
esting fight, sure. Toward the close of the
regular session it began to look as if some
body owning a large lot of wheat was open
ing the bag. Jim Love bad large amount
to sell and gave Lester 900, 900 bushels, one
block, at 92%c. 'he Adamses were
heavy sellers, too. Corn showed
a little firinness early, but was
tired of holding their stuff, and there was a
general desire to unload. Receipts were
fair, but not large. Liverpool was strong
On corn and I'D per GENITAL higher. July
opened 115c up, sold down about &c, re-
covered little, and then declined 20 to
1910, August going as low as 464c. Prime
reported that in some parts of Iowa there
had been too much rain for corn, but in
other parts and in other states the
OUTLOOK WAS SPLENDID.
Each week of good weather from this
point forward will make big difference in
the appearance and growth of corn, and
also of spring wheat, while the damage to
winter wheat is, of course, irreparable at
this late period. As the corn market is al
most wholly governed by the receipts it
does not excite that interest among specula-
tors that wheat does, consequently there is
far less trading in it. The close was fully
lie under yesterday at 47Ac for June,
1870 for July, 46Ac for August and Sep
TENDER. Oats tumbled nearly &c.
The market was dull till near
the last. Two or three operators
who had been performing on the bull side
for some time past threw their holdings
overheard. This is the reason given for the
break. There was no change during the
late board and prices ruled 321sc for June,
BS55c for July, 28c for August and 27Hc
for September at the close. Provisions
opened stronger, in sympathy with wheat,
and better live stock market, pork at the
opening being 5(0719c higher than yester-
days closing. Lard opened about the same
for July and August, but a shade higher
FOR September, while short ribs opened
from 215c % sc higher for all futures.
THE RECEIPTS.
Of hogs yesterday proved to be several
thousand less than the estimates, while to-
days estimated receipts are still smaller.
Country orders were very scarce, and the
voice of telegraph boy was not shouted
around the provision pit once in five min
ntes. Later free offerings demoralized the
market. and during the afternoon there
was only moderate trading at near the in
side figures of the day, pork showing de-
slime of sc, while lard and ribs
were practically unchanged from the
hgures ruling at the same time Yesterday.
Pork closed at $1,000 for June and July,
s10.3711 for August and S10.47H for Sep
bember. Lard closed at $3.50 for June and
and July, $6.75 for August and Sc. S211 for
September. Ribs closed at $5.3715 for
June and July, and $5.471z for August.
The Quotations.
CHICAGO. June 1s.-The wheat market
H. n