St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-28
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 " 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. q The receipts,
and the rumors that they will be much larger
Monday broke July very quickly. That fu-
ture opened 12clower at SO12c, and went off
to 79Ac, with reaction to s0Ac. September
went off to TIC, and reacted to 71l2011asc
before noon. December fell off Csc to 1850,
and rallied to 793s@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 d 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 IN
settled. 1t was argued that the visible sup
ply will again show a Sight 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 I2c higher at
SSAc. 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
bu by canal. Market quiet and unchanged.
Withdrawals from store were ~, lO4 bu
wheat; 255, 652 blu corn and SO, 442 blu oats.
There was DO change in the character of the
dealings in provisions. short lbs 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, 600 hogs, against IS. 600
year ago. Packing to date here. .422,00O,
or 222, 900 in excess OF the same IN 1889.
Hogs at six points to-day, $4,000, against
1900 last year
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, July. opened at 9012c, closing
at 79l2c; August, 77s4c, closing at 71s4c;
September, 77l4e, closing at 7Issc; Decem-
August, opened at 35s4c, closing at 36c;
September, $3.50, closing at Soc; October,
36c, closing at 361sc. Oats-No. 2, August
closed at 217sc: September opened at 214c.
closing at 2I7sc; October, opened at pc.
Mess Pork (per bbD-August opened at
$1,000 closing at S10.62l2; September
5000 closing at 5000; october, $40. 42I2,
closing at $lO.35. Lard (per 100 lbs
August opened at $6.1O, closing at S6O7l
September, $500, closing Sc. !7l2; October,
S622l3, closing at So. 17l2. Short Ribs per
100 lbs)-August closed at s. .42l2; Septem-
Der opened at $3.50; closing at $3.50;
October, S5.47I2, closing at $5:47l2;
Cash quotations were as follows: Flour
Neglected.; jobbers holding off for lower
prices. Wheat-No. 2 spring, .9l2c; No
3 spring nominal; No red, 7942c.
Corn--No. 2, 36ssc. Oats-No. 9, 22Ac.
Rye-No 2, 42l2@43c. BarleyaNo. 2 nomi-
nal. Flax Seed-No l, Sl.33l2. Prime
timothy seed, S1.43@l.45 Mess pork. per
Dbl. SiO.75. Lard, per 100 lbs. SO. 1Zl2
Short ribs sides, loose, $4,000. so; dry
sailed shoulders, boxed, SIS. l2l2@S .25;
short clear Sides boxed, So. 1905. S712. Whis-
ky, distillers finished goods, per gal, Sl.o2.
Sugars-cut loaf, unchanged. Receipts
Flour. II, 900 bbls; wheat. 1o3, 900 bu; corn,
2I9,OO0 blu: oats, ia, 200 Du; rye, 1000
bu; barley none. Shipments - Flour,
5000 bu; wheat, $1,000 bu; corn, G13,-
600 bu; oats, las, 900 bu; rye, 1000 bu;
barley none. On the produce exchange the
butter market was fairly active; I'M
changed. Eggs quiet, lie.