St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-29
MANIPULATED BY LOCALS.
Chicago Traders Pull the Strings 0per-
ating the Wheat Mar
ket.
As the Result Of Their Work Prices
Go Up a Shade
Higher.
Operations Of the Big Mneoy Kings
The General Quota
tons.

Chicago, July 27.-The influences In wheat
to-day were the same as for the week, cables
and the new wheat movement. Both Of
these and the feelings of the trade were on
the bear side but there was sufficient buy.
ing by local manipulators and foreign agents
to overcome these. The Liverpool board Of
trade gave spot wheat W penny lower. The
receipts were here above the estimate. and
the largest of the week at 900 cars, includ-
ing l27 cars of new No. 2. The receipts,
and the rumors that they will be much larger
Monday, broke July very quickly. That fu-
ture opened 1aclower at S0lec, and went off
to 79Ac, with reaction to S0Ac September
went off to nc, and reacted to 7712@77ssc
before noon. December fell off ssc to IS7sc,
and rallied to 79sS@79l2c. After the first
break on cables and receipts there was good
buying of July and August by Hutchinson,
and general buying by Irwin Green & Co.,
w. G. Mccormick & Co. and Poole of the
local houses. The other buying was by the
foreigners, including Geddes, Hately and
Dunno. BrOsseau had Bristol cable saying
the weather was fine in England for harvest
ing. Later advices said the weather was un-
settled. 1t was argued that the visible sup
ply will again show a Slight decrease, as
clearances have been fair, millers have taken
freely and the outward movement at st.
Louis and elsewhere has at times exceeded
the receipts. New York cleared no wheat
to-day, and July closed there l2c higher at
S84c The last half hour in wheat was
without special changes in prices.
The taking of thirteen boat loads for
export at New York helped the buying.
Corn-Receipts 424 cars. Market strong,
owing to good demand from July shorts,
and good demand for cash corn for ship
ment. Oats-Receipts, 157 cars and 5000
Blu by canal. Market quiet and unchanged
Withdrawals from store were ~, 1O4 Blu
wheat; 255, $50 blu corn. and SO, 442 blu oats.
There was no change in the character of the
dealings in provisions. Short ribs were
fairly well supported: little done in lard, and
mess pork weak and lower on miscellaneous
selling by small holders Interest was well
maintained in the pit and trading was closely
watched, although it was light. Receipts for
the week were n, 900 hogs, against 70, 600
year ago. Packing to date here. 1.422 900,
or $4,000 in excess OF the same in 1883.
Hogs at six points today %, 900, against
1900 last year.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, July, opened at SOl2c, closing
at 79l2c; August, ,77Ac. closing at 77Ac;
Der, 79Ac, closing at 1850. Corn-No. 2,
August opened at 35S4c, closing at sec;
September, 357sc closing at Soc; October,
36c, closing at 3615c. Oats-No. z, August,
closed at 217sc; September opened at 21s4c.
closing at 217sc; October, opened at PC.
Mess Pork (per bbD-Augllst opened at
$1,000, closing at S1O6Sla September,
SlO.7O, closing at S10.7O; october, $40. 4212
closing at S10.35 Lard (per 100 lbs
August opened at Sc. 10, closing at S6.O7l2;
September, $500, closing $6.17la; October,
$6.22l2 closing at ST. 17l2. Short Ribs (per
100 lbs)-August closed at S5.42I2; Septem-
Der opened at $3.50. closing at $3.50;
October S5.47l2, closing at $5.47la;
Cash quotations were as follows: Flour
Neglected; jobbers holding off for lower
prices. Wheat-No. 9 spring, !9l2c: No.
8 spring nominal No. 2 red, 794sc.
Corn-No. 2, 36ssc. Oats-No. 2, 22Ac.
Rye-No. 2, 42l2@43c Barley-No. 2 nomi-
nal. Flax Seed-No. L, S1.33la. Prime
timothy seed, S1.43@1.4o Mess pork, per
Dbl. $10.75. Lard, per 100 lbs, Sc. 1212.
Short ribs sides, loose, So. 40@5.50; dry
sailed shoulders, boxed, s.. I2I2@6 .25;
short clear sides, boxed, S5.75@5. 97l2. Whis-
ky, distillers' finished goods, per gal, S1.02.
Sugars-cut loaf, unchanged. Receipts
Flour. IL, 900 bbls; wheat, 1O3, 900 blu: corn.
$4,000 bu; oats, la, 900 blu: rye, 1000
bu; barley none. Shipments = Flour,
5000 bu; wheat, 10000 blu; corn, 213,
900 bu; oats, 145, 900 bu; rye, 1000 bu;
barley, none On the produce exchange the
butter market was fairly active; I'M
changed. Eggs quiet, lie.