St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-07-20
Chicago.
Special TO the Globe.

Special to the Globe.
CHICAGO. July 1S.-Rather more than
She usual run of Influences calculated to dis
turb values have entered the local market
during the week, and while not making the
market one Of any great strength, have
tended to establish slight advance over
prices current a week ago. except in corn,
which 50 far has WithstOod all attempts ut 4
bull movement. IN a general way it may
be said that the market has shown only one
day Of even moderate activity, and that was
on "Wednesday. When pretty lily crowd
in New York dictated the tone Of cable on
advances and lOr thcir own unholy pur-
poses made them very wariille. The scheme
was primarily 10 AFFECT the New
York stock board. but it was prOba-
blY felt to Il greater extent in Chicago
grain than on the first named exchange
With apparent prospects OF war between
England and Russia. the fun liable. as
per cable. 10 begin al amy moment. about
everybody who had previously had the
hardIhood to sell line, short made all pos
siole haste to buy is back. To this was
added large purchases Oh speculative ac-
count; making the market advance ga
25zc. more than il has moved in single
day for a month. The next day. however
iii' iN AV'ii NttiR ~ i4Ail iAlt p''r-N ana uil-
reliable character Of the news was diScov-
cred Beyond this incident. which was
clear case of bull manipulation. there has
been practically 40 feature TO the market.
As compared with last weeks price
CASH WHEAT
is 11lc higher, August 155c higher and
September also 13.c advanced. but to this
there cannot be sad 10 be any particular
significance. Itc0uid net well be otherwise,
under the circumstances. Few cOnSerya-
tive traders are as YET disposed to view the
general situation very much improved. We
have at present. say -. geo. coo bu of wheat
Ia home elevators. Before December there
viii be an additional s geo. 0O0 bu. or about
this proportion OF excess over the present
stock. A large proportion Of this will
come from Northwestern farmers who
thresh directly from the shock and are too
poor to afford storage facilities Of
their own. What more natural. there
fore. than that tEey say to the Chicago
buyer: Il have got this wheat and no
place to store it. Take il and give me the
market price for it., and no Chicago buyer
heard Of up to the present writing is going
to give S5c for something he can get for75
IT is believed. therefore the effect of har-
Vesting operations in the parts of the com-
try feeding Chicago viii be to depreSs
prices still 4 little further. but after harvest
the country viii have settled down. there
viii be less TumOrS atioat to disturb prices
and values themselves will advance BY rea-
son OF capital then taking hold of the har-
vested article. be it wheat or corn Specu-
lation at the present time is not dragging.
because Of
NO MONEY
in the country. On the contrary. there was
never more of il. but because capital is
afraid 10 touch stuff so greatly affected by
any absurd rnnnr an INSCRIPTIONS set OF
Scalpcis may choose to set afioat. it can
readily be seen that the harvesting and
housing OF the crop viii remove about all
the clements Of uncertainty on which the
market is now made dependent for its fiuc-
tuations. The provision deal has been
particularly fiat and featmeless, though
made to record sympathetic advance of
20G25c in pork and T15c in lard, as com
pared with last Saturday. The bulls. fig-
uratiyely speaking, spat on their hands
to-day and secured such firm
hold on The market that nothing
could shake them off. They devoted the
bulk on their attention to wheat. which they
caused to advance within fraction OF 1c
The thrcadbaTe ruSe of depressing the open
ing market. by denying yesterdays bulliSh
reports was reSOrted to with fair success
They worked prices off &c and loaded up.
Later efforts We're confined to sending the
hdIhei up 10 sen on WHICH S'I'h@ih was
supplemented by the shorts covering
August opened &c lower, at S915c. The
lowest point. and touched 9055c, the top
Where II cIoSel: September opened at
9l3<c, dropped OF 7Sc and then advanced
hTeSulaIly 10 1890 ana closed al 93c, l2c
over yesterday
EARLY IN TUEDA
4l,, ro,,,,.t ,r q, ,,,-,., ,o,,+ b,,I,,o IN O1o-o
,[-lo,+ ,,Ii,} ,.a,,,ai s,,@I, at, -"
board at the afternoon session Yesterday
was DENIED. LatGr report came ~ that
t me l'uSSi"ilS h'u "ec'uI" 10 iake h"iSL
1 u NE wa 9u!plT S ny report from
1, "l''' WiioH ""t "een It'e'seu from Ihe
iloi'CIt io'i'l-'i V'''0e say M 'iH' flse DOC
10 - iSGNolui9 were iaS9''' d. tlle entrance
Vi I'iH ,,h l''NS ana ''e capture Oh !iefa'
o9 tlc i''9Ni'h9 vas 0ci u'''h' vi HIS i'-
Ioll "l,e"' Juiui'''l ali even cent
Iit "',Gil t'iV o"'ie ~ iii4' 'l'e Eilg-
l',ii go, ..''o" en- "CIe tV-
c'.!'i'l4 i'9 i''ii '',e -i.-iai frontier
Pr az. Wv 'luS L."iIl"iS
sic '',"I' o'i .ii'I Icl'l Oh
- .I., 1,, r'o po"lU guy nix
IN, 'i - pun az
G,I cot ~ on,,o,i,. w., ' SUI up %i
2;not fr, CIos ra,i,.l 81. +I,, ,t C%,ic
,'iI nnn,,or nia,,, rn,,1i ,,i, LII
,,aathoI %pfn,, ,lrdat do,n,~o - ~ a,o'
Jia1at,o viii ha o,e, in So;5tbo,, 1 S,"r,,
+i,i.i ,,oI- o ,Io, ,f +, ','I .'''S' L,
COMO rac,IIootions NJ ,ji,ostro,,s ',.',
in tI,o mast ,,ro tb onI, ,aI,sos ,,,n,',,+
incr ~, aJ,anca of two ~; t,,o ,,oi,t'
i was ttn ,,,,af ,.,s ocnoIiI,,it' -,
and the transactions iargo mon ,3bo .,T hn