St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-07-06
THE COMMERCIAL RECORD.
Bull Arguments From Abroad Cause a
Bulge in Prices Of
Cereals.
Moderate Trading in Provisions,
Mostly Of Scalping
Nature.
Financial Operations in the Money
Centers---The General
Quotations. (
Special to the Globe.

Special to the Globe
CHICAGO, July 5.-There was decided up
turn in prices for cereals on change to-day.
August wheat closed &c higher than on
Tuesday. Corn sold about lie higher, oats slc
higher for July and provisions ranged 7I90
Toe higher at the close. Wheat opened Sac
higher for August at SOIac and advanced
steadily, closing at the top. The best bull
arguments come from the seaboard and from
the other side. Short sellers were very
cautious. Receipts were sixteen cars. In
corn the short interest helped the advance.
Last sales were about the highest nf the ses-
sion. Receipts were ia cars. Oats
were stimulated by the advance in
corn and wheat and advanced from
the start Receipts were 100 cars.
The provision trade was moderate in volume
and mostly of the scalping nature. Hogs
were 5@1Oc higher. Buyers were plenty and
prices advanced, closing at outside figures.
The last sales show gain on pork of 5@1Oc,
lard 7l2@12I2c and on ribs of Zoe. o. m.
prices: Wheat-July and August, S2hc;
September, S2Ac. Corn-July, 1880; Au-
gust, 49l2c; September, 5OIsc: October,
1894. Oats-July, 31l2c; August, 26c; Sep
tember, 25l2c; october, 25ssc. Pork-July,
$685.; August $3.50; September,
S13.62l2. Lard-July, $50; August,
SS.12l2; September and October, IS. 20.
Short ribs-July, S7.55; August $3.50; Sep
TENDER, $7.67l2.
THE ROUTINE REPORT.
CHICAGO, July 5.-The better feeling which
cropped out just a little on Tuesday came
out boldly to-day. The situation was such as
to encourage those who had begun to buy
for reaction, and influenced others who
We're hesitating. The, best bull argument
a mo rarDnf k,ac -
side. The amount ON ocean passage de-
creased 100000 blu. Export clearances at
New York alone were $4,000 bu, and at
three Atlantic ports 10000 blu. Primary re-
celpts were $4,000 bu. At New York ex-
porters were among the early buyers. Cables
reported unfavorable weather in England and
France and some disappointment in yield,
where threshlng was in progress. AT all
points, short sellers were reported very
cautious. AT this point, July wheat was
scarce and at premium. Opening sales
were ssc higher for August Isc for Septem-
Der and ssc for December. August sold from
SOl2c up to S112c, back to S1Ac on some
was followed by another slight dip to $3.50
S1l2c, and then came the bulge at 1890 D.
M, taking the price to sec for moment
with fraction or two lost later. The clos
l sSscp prices iss O Were; July s2sc August
August just cents over the close on Tues
day. Corn was second only to wheat in the
advance to-day, one reason for higher
prices being an out inspection of 311 900 bu
1000, 600 blu. July was kept within Is@ssc
of August. There was liberal selling by
few broke rs with general buying on the slow
advance. The short interest helped the
close. August, ACC to open, aud 4slsc
to close against 1880, the close on Tuesday.
September sold up to 50Ac. and October up
to 1890, while year corn closed at 43c. Oats
scored an advance Of ss@l2c and left off on
the top: One OF the bull factors was the re-
ceipt of reports from variety of sources by
scores of members of the board, that the
storm of last night beat down the heavy oats
over an area in Western Illinois and in Iowa,
not less than 100 miles by $50 miles, damag-
ing the crop greatly. The provision trade
was moderate in volume and mostly of a
scalping nature. Arrivals of hogs were light
and prices 5@10c higher. Offerings of pork
by large packer were quite free, but ali was
absorbed ane prices advanced 7I2@1Oc, and
closed at about outside figures. August
opened at S13. so, sold at $13.55 down to
Sl3.47l2@S13,5O. Lard was purchased with
a moderate degree of freedom by parties who
sold it Tuesday, and prices advanced 1Oc
from last sales on Tuesday, August sold at
SS.1O@S.15 and closed at SS.12Gs@S. Is.
Short ribbs were quiet, but, like lard, appre-i
clated 1Oc August ranged at S7,5O@7GO,
and closed at $3.50. :
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, July opened at S0ssc closed
at S2Isc: August S0l2c, closed at S2Isc; Sep
TENDER SUAc, closed at S24c; December
S35sc. closed at S434c. Corn-No. 2, July
opened at 494c, closed at 1880; August 49c,
closed at 49l2c; September 49iac. closed at
5Oisc; october 49c, closed at 49Ec. Oats
No. 2, July opened at Sic, closed at 3ll2c;
August 25s4c, closed at 26c; September
25ssc, closed at 25l9c; October 25ssc, closed
at 25asc. Mess Pork, Per Bbl-July opened at
$3.50. closed at s1s:55; August sig so,
at S13.62Ia; October $13.52la, closed at
S13.52t2. Lard, Per 100 Lbs-August opened
at So. 10, closed at Ss.12l9; September
SO. 17l2, closed at $500; October SO. Is,
closed at $500. Short Ribs, Per 100
Lbs-July August $7.52I2, closed at
$3.50; September $3.50. closed at S7.67l2.
Cash quotations were as follows: Flour
trife firmer; prices unchanged. Wheat
No. spring, S1I2@S2&c; No. spring,
nominal; No. 2 red, S2I2c. Corn-No 2,
49c. Oats-No. 2, 3lAc. Rye-No. 2, SIC.
Barley-No. 2, CSC. Flax Seed-Sl. 1901 80.
Prime timothy seed, 50. 40. Mess Pork
Per Dbl, $l3.50Ql3.55. Lard, Per 100 lbs
SS07l3@S. 10. Short Ribs-Sides Qoose),
S7.55; dry sailed shoulders (boxed), Sc. 259
$50; short clear sides (boxed). $7.S7@7. 80.
Whisky-Distillers finished goods, per gal.
81 20. Sugar-Cut loaf, 7l2@SI2. Receipts
Flour, $4,000 bbls; wheat, $4,000 bu;
corn, 100000 bu; oats, IA, 900 bu; rye,
1000 bu barley, 1000. Shipments-Flour
%, 1000 bbls; wheat, $4,000 bu; corn. 2S7,-
600 bu; oats, $1,000 bu; barley. 1000 bu
On the produce exchange to-day the butter
market was quiet; creamery, 15@1l9 &c: dairy,
13l2@17c. Eggs quiet fresh, candled, 1917
@14c.