St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-07-03
THE COMMERCIAL RECORD.
Light Deliveries of Wheat Have a Ten
dency to Push Prices Upa
Peg.
Corn Also Is Marked by Strength,
With Prices About Half
Cent Higher.
Financial Operations in Wall Street,
The General Quota
tons.
Special to the Globe.

Special to the Globe.
CHICAGO, July 2.-On change to-day the
deliveries of wheat and provisions were
light and deliveries of corn were heavy. being
estimated at 100000 bu. The markets were
comparatively quiet after the first hour. with
the range of price in grains slightly better
than on Saturday. Wheat opened A@ssc
higher, sold within l2c range and closed "a
@I2c better than Saturday. Corn opened al
about Saturdays close, fluctuated within
l2c range for September and l2@5sc for
other futures, closing about lac better Oats
were higher for July and lower for August.
Receipts OF grain were SO ears wheat, ISL
cars corn, 80 cars and 30.lO5 bushels oats
by canal. Provisions were dull and closed
without change in pork and ribs. Lard
closed 2l2c lower. One p. m. Close-Wheat
July, T94c; August, 79l2c; September,
1859; December, S2l2. Corn-July, 47SSc;
August, 4SI2c; September. 49c Oats-July,
30Ac; August, 357sc; September. 25ssc.
Pork-July, $3.50; August, S13.60; Sep
tember $3.50. Lard-July, SIS. 02l2; August
SS.l2l2: September and October, $500.
Short Ribs-July, S7.37l2; August, $3.50;
September $3.50.
THE ROUTINE REPORT.
CHICAGO. july 2.-Those who anticipated
large deliveries of wheat this morning were
disappointed. Instead of 5000, 600 bu there
was one tenth of that or about 100000 bu.
The tendency was TO help prices for July.
This option closed 1sc under August. II
opened Ssc under August, but soon advanced
nearly l2c, while August moved up but a
fraction. putting the two futures together at
1850, and later they were together at 1850
and not full Isc apart for the rest of the
forenoon. A part OF the general strength in
the pit early was due 10 cables which quoted
l2c better prices at Liverpool. There was
SIC advance at New York also. After the
first hour the market was an indifferent one
at this point. The range for July to near
the close was 79Isc-the opening and
lowest price-to 1880 1850. the out
side price. August sold within
the narrow limit of 1850 and zoe
ia. The visible supply figures posted about
noon gave decrease in the visible supply
of 9S3, 600 bushels, somewhat larger than
expected, but not large enough to do more
than stiffen the market. The deliveries of
corn were very large this morning, being es-
timated at about 2,5OU,000 bushels. On &C.
count of the character of the holdings, the
deliveries had tirming tendency on the
market, as the stuff passed from the hands
OF combination into the hands OF parties
who are likely to move the corn. The de-
crease in the visible supply was large at
1,274, 600 bushels. The market for the day
was marked by strength early, with prices
about 42c higher, weakness about noon,
which took prices to the closing points of
last week, and rally at the close to about
the best points of the day. July sold at 47l2
Q4Iasc, and closed at 475sc. August started
at 4S1sc, sold at 4Sc, down to 4S@l4SIsc, and
closed at 4SI2c. Oats were very quiet, but
the general condition of the trade were
fairly favorable, and a steady feeling pre-
vailed. Arrivals were small the deliveries
on July contracts were light, and there was
quite liberal decrease in the visible supply,
While other markets showed steadiness
These several influences had no special eff
feet. owing probably to their not being much
Of speculative trade. Fluctuations in prices
tn hn INN
lively light trade was reported in the market
for products, and the feeling was easy during
the greater portion of the day, The deliv-
cries OH July contracts were light, excepting
of short-rib sides, and had little effect on
the market. Operators are calculating on an
increase in the supply of all kinds, in the
monthly statement of stocks on hand, eX-
cepting of mess pork and picked meats.
Prices ruled lower on all the leading articles,
and the market closed quiet at outside fig
ures Contracts were transferred at 7I2@10c
difference per month on mess pork; 7l2c on
lard, and 7l2@10c on shortrib sides.