St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-07-24
The COMMERCIAL RECORD.
Contradictory Statistics as to Crops
Aid in Forcing Wheat Down
Peg.
Il Was the Same Thing With Corn,
Which Also Took
Tumble.
financial Operations in the Money
Marts-.-The General
Quotations.
Special to the Globe.

Special to the Globe.
CHICAGO, July 23.-Most of the heavy trad
ers are away; especially those whose bust
ness in the wheat and corn pits affects the
market. The prospects for the week seem to
be entirely within the power of the scalpers.
Wheat sold on the curb at S0Hc, and opened
easy at that figure, Liverpool cables an
nounce English prices unchanged. The
wheat market continued dull during the day,
the fluctuations being of narrow range and
only caused by the natural trading of scalp
ers. The selling and buying was scattered.
There was little interest displayed in the trad
Ing. and as the closing hour neared the mar
ket weakened in spite of the enlarged de-
crease figures (73S,000 bu) displayed upon
the blackboard. The crowd had evidently
become tired of being long and begun to I'M
load. At 12:45 it had droplel to SOC,
and later still it fell to 79S4@797Sc,
and at l D. M, under few decisive
pounds broke to 1850. The break in August
was followed by similar one in July. July
has maintained a premium of SAC. 1t
closed to day at S1I2c, VIII h is a premium
of only Use. Corn opened lower, and
slim business was DONE and what there was
was featureless and weak. August l1sed
4c weaker; September 7sc and october s4c
with little excitement, but prices were higher
all around for a general demand. There was
q general buving of all sorts of property.
Lard was largely taken by English houses,
and Clifton was large buyer of pork.
Hutchinson sold largely in everything. Pork
closed 7l2c higher, and ribs and lard 15c
higher.
THE ROUTINE REPORT.
CHICAGO, July %. The crowd was inclined
to be bearish in wheat to-day, and no amount
of bull news or figures had any effect more
than to keep prices about steady. Where
very large receipts were expected at st.
Louis they fell far below the estimate. Where
there was much talk and some show of q
slight increase in the visible supply for the
week there came the decrease of 73S. 600 bu.
1t was after the figures were posted that Au-
gust wheat sold back to zoe. August sold
early at S0Is@ S0sSc and back shortly be-
fore the close to 1850. September sold early
at 1850, and then off l2c with August.
There was a race between heavy operator
and the crowd to sell wheat just before the
close, which aroused sharp decline of few
fractions. August closed at79ssc, or l2c lower
than on Saturday; September. 79Isc.
1t was with corn as with wheat, prices were
held fairly steady early, what weakness no.
ticeable being credited to the large receipts
which were 70 cars more than the estimate.
Later the estimate of 4S5 cars for Tuesday
caused the market on the part of half dozen
local houses, and it was not difficult with the
receipts to bring prices down. July declined
from 47c to 45l2c. August sold at 465sc up
to 46S4c: down to 46l2c; up to 464c and
down to the close to 46lsc. Oats opened
easy and ruled weak all the way through.
The estimated receipts for tomorrow were
more liberal. and placed at IT'S cars. In
addition to this feat r., the demand from
July shorts which was SO marked last Satur-
day was not present to such an extent to-day.
This month opened steady, but later sold off
to 39s4c moderate call existed for August
and September, which were 1s@a34c lower,
while long futures were dull, with q slight
demand for May at corresponding decline.
A decidedly strong tone pervaded the pro-
vision market, and prices averaged higher.
Last sales showed net gain over Saturday
of 15c on short ribs, 12l2c on lard, and 7I2c
on pork. Trading was larger, but mainly of
local character, shorts being the principal
buyers. Holders of produce evinced less of
disposition to sell, and forced buyers to bid
up to secure it. English houses bought lard.
and few out side buying orders were re-
ceived for short ribs. Opening sales were the
lowest and closing nearly at the highest
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, July, opened at 8314c, closed
at S3l2c; August, SOssc, closed at 795sc; Sep
TENDER. 1850, closed at 79lsc; October
e1lsc, closed at 1850. Corn-No 2, July,
opened at 469sc, closed at 46l2c; August,
46$sc, closed at 46I2c; September. dolce,
closed at 45s4c; october, 455sc, closed at
447sc. Oats-No. 2, July opened at 31ssc,
clOSeu at ouSc, august, Z0i2c. closed at
25ssc; September. 24l2c, closed at 24Iac;
May, 2Sc, closed at 27s4c. Mess Pork Per
Bbl-August opened at SI3.70, closed at
$3.50; September, $13.75, closed at
S13.77l2; October, $3.50, closed at S136 60;
January, 2.9212, closed at S12 92l2. Lard
Per 100 Lbs-August opened at SS45, closed
at SS.57l2; September, $3.50, closed at
SS.62l2; October, SS.47l2 closed at $3.50;
January, 81 GO, closed at S7.65. Short Ribs,
Per 100 Lbs-August opened at SO, closed
at SS02l2; September, SIS, closed at
$50; October Se.071a, closed at $50;
January, S6.62l2, closed at S6.62I2
Cash quotations were as follows: Flour
Dull and neglected. Wheat-No. spring
S10S1l2c; No. ), spring, nominal; No. 2
red, STAG. Corn-No. 2, 46ssc. Oats-No
2, 3084@31c. Rye-No. 2, 47la; Barley-No.
2, goose. Flax seed-.None: Timothy
1879. LardmPer 100 lbs, S.; 52@s. 55.
Short Ribs.-Sides Qoose), SS0S. o5; dry
sailed shoulders, (boxed) S6.9O@7; short
clear sides, Qboxed), Ss.70@S.75. Whisky,
distillers' finished goods, per GAL ST 20.
Sugars, cut, loaf, S5sc; granulated, Sc;
standard "a" we. Receipts-Flour, 49,
600 bbls: wheat 81, 600 bu; corn, 100000
blu; oats $4,000 blu; rye, 1000 bu; barley,
1000 blu. Shipments-Flour Is, 900 bbls
wheat, 1900 blu: corn, $50, 900 blu; oats,
III, 900 bu; barley, l, 200 bu. On the prod
uce exchange to-day in the butter market
was fancy and in good demand medium
goods slow; creamery, 14@1gc; dairy, l3@
Ice. Eggs-Fresh, scarce and firm; guaran-
teed, 15@l5l2c