St. Paul daily globe., 1889-06-22
BAD 1IDINGS FOR BEARS.
A Broad and Strong Wheat Market on
Rains, Bugs and Foreign
Cables.
Stronu Talk in New York OF Squeeze
in July Puts That Fut-
ure Up.
Financial Operations in the Monetary
Centers---The General Quo
tatiOnS.

CHICAGO. June 21.-There was scarcity OF
fresh news i'll wheat to-day, but the trade
made a good market. What outside lnfiu-
ences were at work were on the Dull size,
and early there was broad and strong mar
ket on rains bugs and cables. When the
market opened July was Ac over last nlgnt.
The first few figures there was dip Ill July
from 1855 to 7S@lTSlsc. From these ngures
Julymoved up to 7Slsc the first hour ana up
10 7Sss67S34e before noon. The buying was
encouraged by coutin ued wet weather Ill the
Southwest the confirmation OF the reports
about damaging insects at work III ILLINOIS,
and Ohio, and the firm public and private
cables The second public cable gave brlt-
ish markets stronger on confirmed reports OF
damages to Russian and Indian crops. This
news was felt more especially at New York,
where talk of squeeze in July put that
future up to 1Sc. Export clearlngs were
favorable to the bulls also-wheat about w.
600 bu and flour about 20, 900 bbls from At
lanta ports. About noon the market
here broke under very heavy selling
of July and December. July went
off to 7sc, rallied to Ac. then TO
7Sc, and to 7Slsc. the closing price last night
There was no significant change in wheat the
last half hour Closing prices were little
back from the South, talks very bullish after
inspecting the wheat crop in Southern ILL
nois Indiana and Kentucky. Receipts were
IS cars Corn was dull but quite firm. There
was considerable changing of July contracts
to September at 7sc difference, and quite
number of scattering buying orders from the
country but altogether the trade was light
Receipts 252 cars. There was little or no
news in oats to-day. There was short in
terest yet to protect at the opening and cover
ing, together with the early strength in wheat,
put prices up a few fractions. Receipts were
157 cars Less receipts of hogs than expected
and higher prices, made shorts of provisions
anxious, and the result was sharp advance.
Pork gained 15@25c, lard sc, and short ribs
100l2l2c.
GENERAL QUOTATIONS..
The leading features ranged as follows:
Wheat-No. 2 July opened at 1850, closing
at 7Sc; August, 75S4c, closing at 7oi2c;
September, 757sc, closing at 75Ssc; Decem-
Der, 77S4c, closing at 77Ac. Corn-No.
July opened at 347sc. closing at 34s4c; Au-
357sc, closing at 355sc. Oats-No. ? July
opened at 23c, closing at 227sc; August
22s4c, closing at 22ssc; September, 22S4c clos
Ing at 2ol2c. Mess Pork per bbg-July
gust. Sl165. closing at S1l.SO; September,
S11.72l2, closing at S11. 50. Lard tper 100
lbs)-July opened at 6.47l2, closing at
652l3; August, S657l2, closing at $500;
September, $e65 closing at $3.50. Short
Ribs (per 100 lbs)-July opened at 1913,
closing at So. S2l2: August, So. So, closing at
$500; September, S.. 92l2, closing at So. .97l2
Cash quotations were as follows: Flour un-
No spring. 7'@75c; No. 2 red, eO1sc;
Corn-No. 2. 347sc. Oats-No. 2, 22a4c.
Rye-No. 3. 40I2c. Barley-No. 2, none
timothy seed s134@l So Mess pork, per
Dbl, SIl.70@1l.75. Lard (per 100 lbs),
S6.45. Short ribs sides Qoose), $3.50
@5S5. Dry salted shoulders (boxed),
So. l2l2@6.25; Whisky..Distillers' finished
goods, per gal. S1.02. Sugars unchanged.
Receipts Flour, 10000 bbls; wheat, II, 900
bu: corn, $4,000 bu; oats, 155, 900
bu; rye, 1000 bu: barley, 1000 bu; ship
ments-Flour, 1000 bu; wheat, 1900 bu.;
corn, 161 900 bu; oats, 10000 bu; barley,
1000 bu. On the produce exchange to-day.
the butter market was firm and unchanged.
Eggs firm at l2c.
r. M. NEWPORT g. SON,
Investment Bankers,
152, 153 154 Drake Block Loan Money
on Improved Real Estate Security,