St. Paul daily globe., 1888-07-21
The COMMERCIAL RECORD.
Bullish Advices from the Continent
Send the Price Of Wheat
Up Peg.
Heavy Receipts Cause Corn TO Drop,
Oats Holding Firm and Previs-
ions Closing Stronger.
Financial Operations in the Honey
Centers---The General
Quotations.
Special to the Globe.


CHICAGO. July 2o.-The old gag of ''bad
weather in England" sent wheat up to SSssc
on the curb this morning, and this was fol
lowed by the usual advance OH the opening
OF the market. 1t opened at the curb figures
and threatened to go higher, but backed
down rapidly during the first hours trading.
Corn opened with the selling pressure and
the advance on the curb disappeared the
market settling down to fair trading basis,
with general business. The eXcess-ahout
80 carS-of the receipts over the estimated.
was the settling cause. This fact. with the
large covering of short interests. made it no
object TO bull the grain. The light receipts
or hogs put pork up 10c on the opening over
yesterdays close. The trading in wheat was
almost universally local business, and small
deals at that. The only thing which keeps
the market from falling to pieces during the
dog days is the continual presence of 'Oid
Hutch,' and his willingness to do
anything possible in a grain market
Dullness was the characteristic of the
market to-day until about noon, when prices
took on Il bulllsh complexion, favored by the
report from New York that the export would
amount 10 sixteen boat loads. The advance
reached S0l2c, but the attempt to keep it
there was too strained and il fell again, main
tanning. however, an ascendency on yeSter
dBy'S close. There was nothing pronounced
In corn any more than in wheat. The bulge
slken Oh at the stat was not sustained and
September and october fell below yesterday,
while August closed at the same price. The
provision market was fairly active. Hutch
took advantage of the opening rise to unload
the pork he bought yesterday. The opening
was higher on all products and averaged
higher all day. Pork closed 7l2GDl0c higher.
lard 5@7l2c higher, and ribs 1C@l2l2c
Sigher. There was an extraordinary demand
ard the total sales are the largest that are
recorded FOR several months.
THE ROUTINE REroRT.
CHICAGO, July 20. Wheat was steady and
firm to-day for good reasons. The early
cables were conflicting, as on Thursday, but
the continental adYiceS were bulliSh, and the
taking of eleven boat loads at New 1ork for
export about noon caused n Ially that put
prices several fractions over the close last
night and caused August to sell a shade
better than the advanced opening price this
morning. Receipts here were 4S ears at st.
Louis $4,000, and at all primary wbeat-in-
Dight markets but 255, 600 bu. These were
offset by light clearances at New York,
philadelphia and Baltimore. The action
antil near the close was: August, S07sc,
down to S0Ssc and up to SUl2c; September,
B0l4c, down 10 199sc and up TO 1850. Clos
ing prices were slightly under the top for the
nay and little over the close last night
August, S04c; September, 19s4c. The corn
market was i'll good condition for little re
action this morning and selling by couple
pf heavy local spectators started the crowd
Helped by the receipts of 229 ears this morn
ing. the break came early and August sold
from 4SIsc down; 47lsc i'll short order.
Later the feeling changed, the estimate for
Saturday was $50 cars and slow rally took
August up to 415sc, and the close was at
47l2e, or i4c under last night. September
sold at 463s04I7Sc, closing Mt 4Il4c. In
Dals there was nothing of special interest de-
veloped, trade being no more than about
moderate and prices remained within so small
range that there was no essential change.
An active business was witnessed Ill proylS-
ions ana Il stronger feeling developed. Ar
rivals of hogs were light and prices ) TO 20
rents higher. The consumptive demand
from outside points has improved and sales
of cash product for immediate and future
shipment showed decided improvement.
Shorts were thoroughly scared and rushed
10 cover. Offerings were not particularly
large. The most activity was at the opening,
when prices touched the highest point.
August pork touched $3.50. but broke to
Sl365 and closed at Sl3.67l2, an advance
Df 7l2 to 1Oc over yesterday close. January
is SI2 80. The English crowd took hold of
lard and August sold at So. .47@S.52la and
closed at SS.41l2, net gain of 7l2 cents.
Short ribs for August were purchased freely
S7.92l2@7, 80, gain of l2l2c.
THE QUOTATIONS..
Wheat-No = July opened at S3c, closed
At S34c; August. SU9sc closed at SG4c; Sep
.ember. S0Ac, closed at 79s4c; October,
sol2c closed at sohe; Corn-No. 2 July
Dilcu6u dJ 4Cc, ClOSeu at 4G3SC. August.
sSlsc, closed at 47$8c: September, 41S4c,
elosed at 47l4c; October 47l8c, closed at
dose. 0ats-No. 2 July opened at 3O7sc,
closed at 307sc; August, 255sc. closed at 255sc
September, 2434c. closed at 24S4c: October
247Sc, closed at 24S4c. Mess Pork, Per Bbl-
August opened at Sl3. 77l2. closed a. S13 67ga ;
September, $3.50, closed at Si3.o7I2; Oc-
tober. opened at S13.65, closed at S13 62i2
January, opened at Sl2.9o, closed at
eI2.90. Lard, Per 100 Lbs-August opened
at SS.52l2, closed ut SS.47I2; September,
SS.55, closed at SS.52l2; October SIS. S.57la,
closed at SS.32la: January, 81 80 closed
al S7.57l2. Short Ribs, Per 100 Lbs-August
opened at S7.95, closed at S795:
September, SS.02l2, closed at SS02Ia
october. SS.024, closed at SS.O2l2.
Cash quotations were follows: Flour
Quiet and unchanged. Wheat-No. = spring.
E24@S2S4c; No. ), spring. nominal: No. 2
red, S242c. Corn-No. Z, 47ss04TI2c. Oats
No. 2, 30s4@31c. Rye-No. =, 52c. Bar
iey-No. 2, 62@63c. Flax Seed-No. l
Sl.l0. Timothy Seed. prime. S2.40. Mess
Pork-Per Dbl. Sl3.67l2013.7G. Lard-Per
100 lbs, $50. Short Ribs-Sides Qoose),
S7.05; dry salted shoulders, (hoxed), S6. 90
NJ; short clear sides, (boxed), SS.5501S. 90.
Whisky. diStillers' finished goods. per gal,
S1.20. Receipts-Flour Is, 900 bbls: wheat,
$1,000 bu: corn. 123, COO bu; oats 49,
300 bu; barley, 5000 bu. Shipments
Flour, $4,000 bbls; wheat 1900 bu: corn,
I96, 900 bu; oats, 169, 900 bu; barley, 900
Oh. On the produce exchange to-day the
butter market was quiet; fancy scarce
creamery, l5c; dairy, 13@17c Eggs firm
for choice; fresh recanded, 14l2c.