St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-18
BULLS RULE THE MARKET.
Foreign Cables Cause the Price Of
Wheat to Go Sky
ward.
Hutchinson ct Al. Cause a Big Bulge
by Refusing to
Sell.
Financial Operations Of the Money
Kings-..The General Quota
tons.

CHICAGO. July 1.-THE wheat marke wa
strong all day. Opening prices were at good
fractions over last night. The first and
greatest bull influence of the day was the
cable advices. Liverpool gave spot and
futures firm early. with prices going upward.
Later in the day Liverpool was quoted as
closing strong and A@l2d higher. A London
cable gives wheat and flour advanced at
Paris. There was considerable rain reported
in the wheat sections, including Southern
Illinois and Eastern Missouri. The receipts
here were but SO cars and at st. Louis but
$4,000 bu With such news as this the mar
ket moved up briskly. and the trading indi-
Gated that there were many shorts buying.
There was some heavy selling by Hutchin-
son, Linn, and others on the advance. On
this and the estimate of ITO cars here for
Thursday, July dropped Off lie to
S0l2c, and December sec to 70ssc. But
there was nothing on which to start de-
cline. The out inspection here reached OIL
600 bu. New York and Baltimore each
cleared 4sO.0 600 blu of wheat and some flour.
The closing cables were more bullish than
the first, and prices quickly turned upward
again. Mitchell took 10000 bu in q block
from Hutchinson on the break and before l
o'clock December again touched SOC, the
high price Of the morning. The bulls con-
tinued aggressive to the close; when Hutch
lnson stopped selling the price was quickly
put above the SOC mark, and prices all around
were the best for the day. except for July.
Corn was strong and Ac higher ON good de-
mand. Receipts were AS cars Oats were
dull but higher to the extent of an eighth.
Receipts, 1876 cars. Provisions were weak on
large receipts of hogs. The market opened
"a \ - ~!-lA
the outside figures for the day. The decline
was gradual until after ~ o'clock, when
there was a slight recovery in mess pork.
Armour & Co. were sellers of all products.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. g. July, opened at T9Ac, closing
at Sic; August 77c closing at 7SAc; Sep
TENDER, 77l2c, closing at 1880; Decem-
ber 79l2c, closing at soAc. Corn-No; 2,
September, 357sc, closing at 357sc; October
36lsc, closing at 36lsc. Oats-No. 2, August,
opened at q 7sc, closing at 2l7sc; September
22c, closing at 22c; May, 25ssc, closing at
at $ll.lo, closing at sll.o5; September,
$l1.2O, closing at 81 .22l2 Lard .(per 100
lbs)-August opened at $3.50, closing at
$6.22l2; oSeptember, Sc. 37l2, -, closing at
S6s2l3 Short Il RIBS lbs (per LOO lbs)-Aggnst
october, $3.50, closing at $3.50
Cash quotations were as follows: Flour
easier: winter, 15@2Oe; patents Toe lower.
Wheat-No. Q spring, el@e1Ac; No. 2 red.
2, 22Ac. Rye-No. q 42c. Flax seed-No.
1, S1.31. Prime timothy seed. S1.4O Mess
pork, per Dbl. S1l .O2l2t@11 :O7l2. Lard, per
100 lbs, $500. Short ribs sides, loose, $40
@5.5O. Dry sailed shoulders, boxed, $5.25
@5.3742. Short clear sides, boxed, 5000. 1212.
Whisky, distillers finished goods, per gal,
SI.02. Sugars. unchanged. Receipts-Flour.
600 bu; oats, 10000 pu; rye, 5000 blu.
Shipments-Flour, 5000 bu; wheat, 24,0UO
bu; corn, 2l4,OOO blu; OATS $4,000 bu;
barley, 5000 blu. On the produce exchange
to-day the butter market was quiet; and I'M
changed. Eggs quiet at 11E@12c.