St. Paul daily globe., 1886-07-14

In Spite of News of Distinctly Bullish
Color the Market Fails to
Show Strength.
At Chicago the Cereal Declines on the
Curb and the Day Shows Loss
Of Nearly Two Gents.
A Lively Advance in Corn Owing to
Reports of Damage by Drought
in the West.
puliness and Conflicting News in
Wall Street, but the Whole List
was Strong and Higher.
Chicago Grain and Provisions.

Chicago Grain and Provisions.
Special to the Globe.
CHICAGO. July 13.-Comparatively speaking
the leading markets were somewhat easier to-
day than yesterday, and as then they were IN
marked contrast to the day before. COM
parison of to-day's values with those ruling
the latter part of the week makes pleasing
showing for the bears and q proportlonately
discouragipg one for the bulls. Speaking OF
the bulls, it is at the same time noteworthy
and singular fact that while the market not
only fails to show strength. but actually falls
back little in prices, the news on the moor
and from out of town sources is quite
distinctly of bullish color. From
the Northwest, where they are
still long on temperature and snort
on rain, one hears that milling interests and
traders in that locality think favorably of
wheat as purchase. But this in view OF
probable damage by reason of the drought is
not particularly to be wondered at. 1t Is
even more surprising that here in Chicago,
where the makers OF the market are located,
we should hear that Kent, Cadahu, Ream,
Jones and the ''stroEg men" generally are
buying more or less wheat, and the prices
still keep down. and the market runs alon
60 smoothly, August wheat opened exactly
at curb prices, sic, but this was Mc under
last nights official closing, there having been
a little break after regular trading yesterday.
CABLES WE'RE SLIGHTLY IMPROVED,
being &c higher and firm on wheat. For
little while values kept up to Sic, but on very
general realizing by the local crowd, August
fell off to SO14c, later picking up to SO54c,
again easing back to S01ac, and toward the
close going back to S014c All offerings were
absorbed without any trouble, and there was
no apparent inclination to crowd the market
either way, just allowing it to sail along with
the conditions as nominal possible under
volume of trade much lighter than usual.
Outsiders Country traders) had very little to
do with the market. Tho close at l O'Clock
was easy and q little heavy. A still weaker
tone prevailed just prior to 1 o'clock
and August fell back to 19Xc,
under liberal local selling. Thee crowd
had bulled so long. and got SO loaded up
without seeing any advance in prices that
there was good deal of wheat for sale. The
hall was full OF dispatches reporting damage
by drought to corn in Iowa. Kansas and
Nebraska. This caused the advance noted.
More strength was shown in corn, notwith-
standing heavy receipts here and free ar
rivals elsewhere. September was steady
early at 39Ac, selling at 40Ac, then back to
39$sc, and around 1890 sharply up to 40hc,
on a local call for it, but not keeping up to
outside prices. moderate sized and
altogether featureless trade was done in hog
product, the range being within 10c, the
market being alternately easy and then
moderately easy.
PETER BERKEY. Pres f. W. ANDERSON, Cashier.
J.W. GRIGGs V. Pres. A. c. ANDERSON, Asst c.
THE ST. PAUL NATIONAL BANK.