St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-07-04
The COMMERCIAL RECORD.
Active Trading by Local Operators
Sends Prices of Cereals Up
Higher.
Prices of ALI Grains Show an Advance
But Provisions Drop Several
N0tches.
financial Operations in Wall Street..
The General Quota
tons.

CHICAGO ILL.,, July Sine inspections re-
turns showed receipts of s cars of winter
wheat 81 cars of spring wheat, $50 cars OF
corn, 1S1 cars of oats. Wheat was firm and
ranged higher. English cables were trine
bullish and receipts at primary points were
lighter and export clearances GOOD. open
ing prices were 1sc to ssc higher and sales
ranged between 79ss@S0Ac for August.
Last sales show a net gain from yesterdays
close of I2c to s4c. Receipts were 40 cars
There was a better feeling in corn and cash
stuff was in demand. Opening prices were
shade higher for July and year ana
last sales were 4c to ssc better. Receipts
we're go cars. Oats were fairly active and
lsc lower for July and 1sc to 14c lower for
pther options Provisions were weaker and
prices declined Stocks showed a trifle bet
ter than expected, especially of lard. Three
offerings early in the session caused de-
cline on pork of 20@22c 10@l2l2 on lard,
Sc ON ribs Later prices rallied and last sales
were at about 5@12l2c decline on pork, so
7I2c OH lard and about steady on ribs. p.
M prices: Wheat-July, sec; August SOlsc;
September, S0Ssc. Corn-July, 4Sc; Au-
gust, 1850; September, 491s@49Ac; Oc-
tober, 3SS4c. Oats-July, 30s4c; August,
255sc; September, 25Isc. Pork-July, S13.45 {;
August. Sl3.47l2; September, Sl3.57l2.
Lard-July S7.97l2: August, So Septem-
Der, So. 1912; October. SS.12l2. Short Ribs
July, S7.45; August $3.50; September,
S7.57I2.
THE ROUTINE REPORT
CHICAGO, July 3.-Wheat trading to-day
was confined almost exclusively to local
operators, but the feeling was rather firm,
and prices averaged higher than yesterday.
Foreign market advices were favorable,
quoting wheat firm and tendency higher,
and early in the day there were some reports
of bad weather abroad. Fair buying reported
here to cover shorts helped the frmness.
The opening was about 4c higher than yes
terday's closing, steadily advancing Ss@12c
more with August showing the most
strength then declined ss@l2c, recovered
higher than yesterday. Corn was active and
the feeling rather unsettled. the market
ruling firm early, and easier later in the SEES
sion. Opening sales were at about the clos
vanced Ice, was steady for Il time, then be-
came easier and sold off Ssc, ruled
steady and closed A@$Sc higher
than yesterday. There, was good buying
rather limited, and this created considerable
frmness. The reaction later was credited to
reports that about $4,000 bu of corn had
been posted in New York as hot and out of
especially No. 2, on this months delivery
being improved in the speculative market.
July delivery advanced to s4@7sc above yes
terday's closing and closed l2@5sc better.
This improvement was the outgrowth of an
improved demand from shorts. All other
futures were weaker. There was good trade
in August at 4c lower range, but longer
deliveries ruled quiet The provision
market was weaker. and prices ranged
lower Stocks showed trihe better than
expected, especially of lard, which were
5O,097 tierces. The aggregate stocks of
all kinds OF hog products were Ia, 600, 000
lbs, all increase over June l, of II, 100000
lbs, but decrease of 35.000,000 lbs
from July l, last year. A fair business
was transacted, long stuff came out more
freely than buyers were able to absorb, and
a decline of 20@22l2c was recorded on
pork, 1G@l2l2c on lard, and sc on short
ribs. A rally folio wed the depression, as
shorts began TO cover, but last sales were at
sc decline on the speculative list.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, July opened at 1850, closed
at soc; August 1850, closed at S0lsc; Sep
TENDER sUi8c, closed at SOssc; December
S2s4c. closed at S3c. Corn-No. 2 July
opened at 477Sc, closed at 4Sc; August 4Sl2c,
closed at 4S5sc; September 49c. closed at
49Ikc; October 49c. closed at 4S4c Oats
No. > july opened at 3Ossc. closed at 3Os4c:
August 257Sc, closed at 255sc; September
25$sc, closed at 23lsc: year 25c, closed at
25c. Mess Pork, Per Bbl-July opened at
$3.50, closed at S13.45; August S13 62Ia.
at S13.57I2; October S13.55, closed at
S13.52l2. Lard, Per 100 Lbs-August opened
at So. 12I2, closed at $500; September SIS. 20,
closed at SS.12l2; October So 20, closed at
SS.12l2 Short Ribs, Per leo Lbs-July opened
at S1.45, closed at 81 As; August 81 1929,
closed at $3.50; September $7.62I2, closed
at S7.51I2; Octaher 81. %, closed at S7.55l2.
Cash quotations were as follows: Flour
in better demand: prices unchanged Wheat
No. 2 spring, 79l2@S0c; No. 3 spring, NOM
inal; No. red, S0S4@Slc Corn-No. ..
477sc. Oats-No. 2, 30s4c. Rye-No. 2, see.
Barley-No. = 63c. Flax Seed-Sl. 1891. 80.
Prime timothy seed nominal. Mess Pork
Per Dbl, S13.45. Lard, Per 100 lbs-S7 97Is
as. Short Ribs-Sides Qoose), S7.45; dry
sailed shoulders (boxed), So. 250lG.5O; short
clear sides boxed. $7.s5@7.9O. whisky
--Distillers' finished goods, per gal, 81. 20.
Sugar-Cut loaf, 7h@sA. Receipts-Flour,
10000 bhls; wheat, $4,000 bu; corn, no,
900 bu; oats. $4,000 bu; rye. 5000 bu; bar
ley, 1000 Shipments-Flour, ID, 600 bbls
wheat, 5000 blu: corn. lbs, 900 bu; oats,
$4,000 bu; rye, 1000 bu; barley. 1000 brl
On the produce exchange to. day the butter
market was in excellent demand: dairy 1912
@17c. Eggs firm; fresh, candled, 14@ i4l2c.
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