St. Paul daily globe., 1888-07-10
THE COMMERCIAL RECORD.
Wheat Opens Strong Enough, but Closes
One Cent Under Saturdays Best
Figures.
Corn, Acting in Sympathy, Also Takes
Tumble, but Oats Rule
Firm.
financial Operations in the Money
Centers---The General
Quotations.
Special to the Globe.

Epecldl W
CHICAGO, July 9.-Until IL O'Clock, when
the visible supply figures were posted, the
market was exceedingly dull. Liun and Cud-
Rhy's men still continued the pounding pro-
cess of Saturday. forcing the market slowly
down from s25s@S2L2c, to which it had
jumped on the opening, successfully to S2Ac,
S21sc, S2c, SI7sc and S15s@S1I2c.
Then at the last figure the market stuck
about IL o'clock, till it seemed as if both
sides were about equal i'll strength, but
at length it broke again, and the
hand swung around dangerously near
the Sic mark. Corn acted very much like a
long market, every one holding back for the
supply report, and when it came they were
left with lot on their hands. Prices de
clined 5s@s4c today in the speculativ mar
ket and closed heavy and at the bottom
August resting at 497sc, September at 5oAc
and October at 1850. There was dsposi-
ton early OIL the part of the shorts to
cover but later they hammered the
market quite severely, and August receded
from 51lsc to 1859. Oats were fairly active
and stronger, closing 14@SSc higher Trading
was largely in August and September. with
considerable doing i'll October for the first
time. August oats closed at 26Ssc. Provis-
ions opened strong. and during the early
part of the session were well maintained,
though exhibiting but little life. Later the
market weakened under the lead of lard,
which by l o'clock declined sharply 1Uc. and
closed 7l2c lower than Saturday. Final
quotations for pork showed an advance of
2l2c, and for short ribs 2l2@5c. Trading
throughout was slow and without special
feature. Cash property sold quite fairly.
THE ROUTINE REPORT
CHICAGO. JulV 9-Nhp tartpd strong on
bad weather reports, firm cables and the curb
influence. August sold l2c higher at the
opening at S2s4c. Other futures opened 5sc
higher at S2c for september. These were
the highest points OF the session. very
large part of the business was of a scalping
nature. There was some outside business
mostly on the bull side, and 1t struck the
market wrong for the day. The selling was
partly by longs, who could let go on the de-
cline and take profits, but there was more
short selling, on the theory that the govern
ment hgures tomorrow will be bearish. The
visible supply figures cut but little figure, as
the decrease was about as expected, $50, 900
bu decrease. The weather map showed rain
in the present wheat harvest belt. but
the influence was balanced by reports
from Cairo and other points that wheat
ity from the threshers. During the
forenoon, August declined to 81 9sc, and for
an hour showed disposition to rally from
this point, but half an hour after the close,
to sl1sc, or 1l2c under the closing price of
Saturday. Wheat closed just lie lower for
August at S1Ac. The crowd was long on
corn to-day, and after prices opened higher
but failed to advance from the opening fig
ure, there was large quantity for sale than
usual of late. The decrease i'll the visible
supply, was 1,147,O bu, but the amount
fell far short of what many expected ON ac-
count of recent movements. The decrease
here for the week was LILY, 900 bu.
The liberal out inspection, the light
receipts and the conditions at the close
on Saturday caused the better early prices.
Sales OF July were sole down to 1856 at the
close. August opened at 511sc, and closed
at 497sc, or 5sc under Saturday. Oats ruled
firm and the new crop future advanced
sharply. A portion of the improvement was
lostlater in the day, July declining in sympa-
thy, closing at Saturdays last quotations
August left Csc higher than Saturday. An
advance in hogs caused q firmer feeling
among holders of product and early sales
were slightly higher prices. Later offerings
exceeded the demand and a weak feeling de-
yeloped, especially in lard, which declined
Tl20 lOc and closed 5@7l2c lower than Sat
urday. Pork and short ribs, however closed
steady at 2l2@5c advance.
THE QUOTATIONS..
Wheat-No. 2, July opened at S334c, closed
at S2l2c; August S2s4c, closed at Sl4c; Sep
tember S2c, closed at SUs4c: December
S4l2c closed at S27sc. Corn-No. 2. July
opened at 5O12c, closed at 49ssc august Isc,
closed at 497Sc; September 5l4c, closed at
5OAc; October 1SBc, closed at 497sc Oats
No. =, July opened at 33S8c. closed at 32s4c:
August 267sc, closed at 263sc; September
26c, closed at 25ssc; October, 263s closed at
2o7sc. Mess Pork, Per Bbl-August opened
at $3.50, closed at S13.55; September
S13.65, closed at Sl3.62I2. Lard, Per 100
Lbs-July opened at SS.22I2 closed at
SS.12l2; August opened at SS. 27I2, closed at
$500; September $3.50 closed at SS. 27y2:
October, SS.37l2, closed at SS.27I2 Short
Ribs. Per 100 Lbs-August opened at
S7.65, closed at $3.50; September
opened at S7.72I2, closed at $7.67I2.
Cash quotations were as follows: Flour
Better inquiry on foreign account as well as
from home buyers; no quotable change in
prices. Wheat-No. 2spring, S26S2Iac: No.
3 spring. nominal; No. red, S2Lc Corn
No. 2, 49Ssc. Oats-No. 2, 32I2(Q33c. Rive
No. 2, soc. Barley-No. ., tj3c. Flax Seed
No. l, Sl.15. Prime timothy seed. s.. 40
@2.45. Mess Pork-Per Dbl, SI3.55. Lard.
Per 100 lbs-SS.15. Short Ribs-Sides Ooose)
1.6O; dry salted shoulders (boxed). Sc. .4O@
6.50; short clear sides (boXed). SS. .O5@S. 10.
Whisky-Distilers' finished goods, per gal,
Sl.2O. Sugars-Cut loaf. 7120Sl5c; granu.
lated, TAc. Receipts-Flour, II 600 bbls;
wheat, 10000 bu; corn. 1000 bu; oats.
$1,000 bu; rye, 1000 bu; barley, 1000 bu.
hipments-Flour, $4,000 bbls; wheat.
5000 bu; corn. 310, 900 bu; oats III 600
bu; rye, LOCO bu. On the produce ex-
change to- day the butter market was fairly
active, but shade easier; creamery $50
1S12c: dairy, l4@17c. Eggs firm; candled
stock IN good demand at 13l2014c.