St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-06-19
The COMMERCIAL RECORD.
Good Local Buying Checks Liquidation
and Keeps the Grain Market
Fairly Steady.
Everything From Wheat to Short Ribs
Moved Up Peg in
Price.
financial Operations in Wall Street,
The General Quo
tati0ns.
Special 10 the Globe.

Special to the GLOBE.
CHICAGO, June 1S.-Wheat opened ssc 10
ssc lower and sold within a cent range, aver
aging higher than the opening prices, and
closed ls@asc lower than Saturdays closing.
The visible supply decreased $50, 900 blu.
The bulls talked chinch bugs and grasshop-
pers and too much rain, and the bears point
ed TO the new wheat received at ST. Louis.
Large receipts of corn and good weather
opened prices for corn ssc to ssc lower for
futures. Prices for July ranged between
49Iac and 5OAc, and between SOC and sic
for August. Last sales show loss
from Saturday Of &c to 5sc.
Buying by good parties caused the strength.
Oats were fairly firm after the opening and
closed without material change. Receipts OF
grain were 40 cars wheat, 654 cars corn and
239 cars oats There was fair business in
pork and prices closed 12l2c higher. Short
ribs were quiet and steady. Lard easy and
215c lower.
Atthe afternoon session there was good
activity in the pit, with wheat firm and
higher Corn was steady and eats easy.
Provisions were slightly firmer.
THE ROUTINE REPORT.
CHICAGO. June 1S.-Fifteen minutes before
the close Of the regular session, July wheat
was slice, the closing price on saturday.
The fact that there had been Two sharp de-
clines for good reasons early IN the DAY. ana
each time rally to point better IMAM tne
Saturday closing, indicated no very SOFT
market, whatever may be in store for the
future. One operator who sold the bulk OF
his wheat at much higher prices, showed ms
hand by changing it, it is estimated, LOU
900 from july to August to-day. The offer
ing of JULY together with the coming out
of long country wheat. caused the declines.
Aside from this there was quite as good local
buying as selling, and liquidation was at
D,Sr FOL
July opened at Sic. sold at s0a+0
S15sc early, and later between 81 ls
@Sl5sc, and steady at the latter
inquire near the close. In corn. as in wheat
the sellers of last week were the buyers
o-day. While the market opened surpris
ingly weak, the large lines of property which
were expected to come out on stop orders
were not sacrificed. After Il momentary
break TO 49!2c at the start July improved to
504c, and kept fairly steady around DOC,
where it closed. Oats were fairly firm after
the opening. and the closing price for July
was as on Saturday. 32l4c The range was
314@32Ssc. There was fair business IN
pork and prices advanced 11l2@22l2c, the
closing prices being al almost outside prices
and l2lec above the last sales Saturday. July
ranged at S13.6O@13.s2l2. Lard went COIL
trary TO pork and short ribs and closed 2l2c
lower.
The leading futures ranged as follows:
Wheat-No. 2, July opened at Sic, closing
at Sl5sc; August, SlSsc, closing at S2lsc;
September. 81 7sc. closing at S2Ac; Deem
Der, S334c, closing at S4lsc. Corn-No. ,,
June opened at 49$sc closing at 49l2c; July,
49s4c closing at soc; August, 3OAc, closing
at 5012c; September, 50lsc, closing at 51lsc.
Oats-No. 2, June opened at 31S4c, closing at
31S4c; july 31S4c, closing at 32c; August,
2634c, closing at &c; September, 25S4c,
closing at 26lsc. Pork, Mess. Per Bbl-July
opened at $3.50, closing at Sl3S2l2; Aug
gust, S13.75, closing at S13.G2l2: September,
$13.S5 closing at SLOPE. Lard, Per 100
Lbs--July opened at $s.47l2, closing at
SIS 471a; August, SS.5-12. closing at $3.50 !;
September, Ss.57l2, closing at s. go; 0cto-
Der. IS OLE, closing at $500: Short Ribs,
Per 100 L.bs-June opened at S7.2o, closing
August, S7.5112, closing at S7;G212
Cash quotations we're as follows: Flour
Quiet and lifrless. Wheat-No. 2 spring,
S0l20S1; No. red, S20S24. Corn-No. 2,
49Ac. Oats-NO. =, 31S4c. Rye-No. 3 soc.
Barley-No. 2, G4065c. Flax Seed-No. i,
S1.30. Prime Timothy Seed-S2 15@ 2. 90.
Mess Pork-Per bbl, S13.75. Lard-Per 100
lbs, SS.42l2. Short Ribs-Sides Qoose),
$3.50; dry sailed shoulders (boxedl, seq
6.25; short clear sides (boXed), Ss0S.05.
Whisky, Distillers' Finished Goods-Per gal,
S1.20. Receipts-Flour, 1000 bbls: wheat,
10000 bu: corn. $4,000 bu; oats, $4,000
bu; rye, 1000 bu: barley, 5000. Shipments
Flour, $4,000 bbls; wheat, 10,0U0 blu;
corn, 220.0 900 bu; oats. 1S7, 900 bu; rye,
2,G00; barley, 6.G0J bu. On the produce
exchange to-day the butter market was quiet :;
creamery, lo12019c; dairy, 13l2@l7. Eggs.
13Ia014.