St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-19
LIKE A JUMPING JACK.
The Wheat Market Bobs Up and Down,
Astonishing the Small
Fry.
Sharp Reaction From the Inflated Prices
at the Close on Wednes-
day.
Financial Operations of the Money Ma
nipulators---The General Quo
tations.

CHICAGO, July 1S.-There was a sharp.
break from the top prices in wheat to-day,
but the strength was not enough to sustain
early figures. The market opened firm and
higher on bullish cables There was furry
OF buying for a few minutes. July went
from Sic to 8l7sc, December from 8012c to
SO4sc. These were the highest prices of the
day. From that to noon there was slow
decline, when bottom figures were reached,
at S0&c July, and 1850 December. The
range in September was between 77s4c and
TSAc. At l o'clock July was steady at
Sic, September SEC under last night and De-
cember Csc lower at 79s4c. Schwartz, Dupee 4
Co. and Milmine, Bodman & Co. were cred
tied with leading the buying early. Hutch
inson and Bryant held December at S012c.
Later cables were not SO bullish, and har
vesting under favorable circumstances was
reported in Southeast England nearly two
weeks ahead Of expectations. Clearances
from Atlantic ports were light 10000 bu
wheat and $4,000 pkgs flour. Wheat re-
ceived here, ITO cars; new wheat, 1O3 cars:
No. 2 new, 63 cars. st. Louis receipts o.
600 blu. The later news of the day in wheat
was bearish. British cables weakened.
There was talk of improved conditions i'll
Russia. Foreign selling orders weakened
the nerves of the longs here, and great
deal Of long wheat came out. and
prices yielded sharply after l o'clock,
closing I3@1 lac lower than yesterday. Corn
market was firmed by Hutchinsons buying,
but when he stopped buying prices lost
fraction. Closing figures were the same as
yesterday. Receipts were $40 cars. Oats
were quiet and without material change. Re-
ceipts were 1853 cars. Withdrawals from
store were Al, 800 blu winter wheat, 5000 blu
spring, 449,51S bu corn, and 5 200 blu oats
The Price Current makes the packing of hogs
for the week in the West about 100000 over
the number the same week in 1888. This
gave prices i'll provisions a little setback
early. Later the market I'm proved in strength.
There was pretty general buying all around
on the call. Armour L. Co. were said to be
liberal buyers of short ribs. Altogether there
was a recovery from bottom figures, and clos
ing prices were 2l2c higher for lard, sc for
ribs and Toe for mess pork.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 July, opened at sic, closing
September, 1850. closing at 77lsc: Deem
Der, S012c, closing at 79Ac. Corn-No. 2,
August, opened ut 3534c, closing at 80 sSc;
September, 35Ac, closing at 357sc; October
SoAc, CLOSING at 5ofSc. OatS-NO. =, August,
opened at 22c, closing at elise; September,
221sc, closing at else; May, 2512c, closing
at 25ssc. Mess Pork (per bbD-August
opened at Sl1.O5, closing at S11.I5: Sep
TENDER, SLID, closing at S1l.22le; Octo-
Der, 5000, closing at $1,000. Lard (per
100 lbs)-August opened at 1928; Septem-
Der. $6.37l2, closing at S5.35. Short Ribs
(per loo lbS)-AuguSt opened at S5.47l2,
closing at $3.50; September, 5.67l2. closing
at $5.621a; October, $50, closing at 1855.
Cash quotations were as follows: Flour
dull and easier. Wheat No. 2spring, SO12c !
No. 3 spring, none offered: No. red S0l2c.
Corn-No. 2, 35a4c Oats-No. 9, 2cAc.l
Rye-No. 2, Acc. Barley, none. Flax Seed
No. l, $1.31. Prime timothy seed. $1.42@
S145. Mess pork, per bbl 81 .lZ420ll. 10.
Lard, per 100 lbs, 622l2. Short ribs Sides.
loose, S5.45@5. so. Dry sailed shoulders,
boxed, $5.25@5. 37l2 Short clear sides,
boxed, $6@6.12l2 Whisky, distillers' fin,
tshed goods, per gal. S1.O2. Sugar, un-c
changed. Receipts-Flour. 5000 bbls;
wheat, 1000 bu: corn: 2s5, 900 bu; oats,
10000 pu; rye 1000 blu; barley 900 bu.
Shipments-Flour, 1000 bu; wheat, $4,000
bu; corn, Cos, 900 bu; oats, $4,000 bu;.
rye, 2,O00 bu; barley, LOCO blu. On the
produce exchange to-day the butter market
was quiet and unchanged. Eggs i'll light re-
quest at lUI20 Ioc, 1