St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-23
WEAK AND VERY MARROW.
The Wheat Market Refuses to Be
Guided by Foreign
Cables.
A Bearish Feeling Prevails ALI Day,
Regardless of Outside
News.
Financial Operations Of The Money
Kings---The General Quo
tati0ns.

CHICAGO. July 22.-The trade refused to
be guided by foreign cables to-day, anu So
the market was narrow and weak. one
reason was that private cables were less pull-
ish than the board of trade cable at the open
ing and closing. The trade here was pearlsh
at the close last week. and the same feenng
prevailed to-day, almost regardless of outside
news. Early Liverpool cables were strong
enough giving SPOT and futures tending up.
The agents of foreign houses were buyers
here early. but everything else was the
other way. Lindblom was big
seller Plung crs and scalpers were sell
ers, and Hutchinson allowed himself 10
talk bearish on the probable new wheat
receipts. July opened at G9S4c, ana went on
q cent. Other futures opened fracuonally
lower than Saturdays close and decllneo
about 12c; December from 79Ac TO |eS4c
Receipts here were 1913 cars. with lo3 new
and 96c cars No. grade. st. Louis received
147 900 blu. Toward noon the visible sup
ply figures were posted, showing the de-
crease for the week at only $4,000 bu. New
York reported loads taken for export, and
a cargo was worked here for Glasgow. some
of the sellers early were buyers on the break,
and prices responded quickly. Al noon
every flu ture was about 12c up from the bot
IOm-Uuly IOHC, August 90 ~ SSP'S@A|O-
77Ac, December 794c. The buying continued
O ute briskly late in the day, and at o'clock
the price of December was SEC over the close
on Saturday, at 7934c. The estimate for
Tuesday was 425 cars; No. 2 new, 1872 cars
The trade was surprised by the strength i'll
wheat at the close. During the last ten
minutes there was general advance to the
highest prices of the day. Corn appears to
be regulated almost entirely by supply and
demand, The speculative operations in it
are unimportant. Hutchinson was a seller OF
July all the morning, the shippers and
scalpers were buying. The large de-
crease in the visible supply tended
to keep values firm, as did also
the good cash demand. Receipts 47s cars.
Oats were dull and shade lower. Receipts
were ia cars. The visible supply on corn
decreased $4,000 bu; of oats 4Ol 900.
Withdrawals from store were 81, 101 bu win
ter wheat, 47.229 blu spring, 627, 423 blu
corn, and 54,079 bu oats. The provision
market was firm and active early and on the
call. Later there was slight loss in prices,
and at the close all the markets were weak at
the figures for all products.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, July, opened at T9S4c, closing
h SUcs August, IIIc, closlHS NJ 'oAC'
September, 7714c. closing at 7S1sc: Decem-
Der, 79Ac, closing at S01Sc. Corn-No. 2,
August closing at 337sc closing at 36lsc;
September, 50 7sc, closing at 36Ac; October
36lsc, closing at 36ssc. Oats-No. 2, August
2lsc, closing at 2lsc; September, 22c,
closing at 22lsc; October, 22c, closing at
2slsc. Mess Pork lper bbDaadAugust
opened Mt SLIPS, closing at $ll.20; Sep
TENDER, S1l.3O, closing at $1l.3O; October,
S1O.5u, closing at $l0.95. Lard (per 100
lbs)-August opened at 1923, closing at
&c. 27I2; September, $6.37l2, closing at
S6.3712; October, $685., closing at S6.37
Short Ribs per 100 lbs)..!August
September, $5.67l2. closing at S5.67l2;
october, S5.67l2, closing at S5;G1l2.
Cash quotations were as follows: Flour
unchanged. Wheat No. spring, 90@sOAc;
No. 2 red, 79l2@81l2c Corn--No. =, 36A
@363Sc. Oats-No. 2, 22Is@22Ac. Rye-No.
2, 41l2@4=c. Barley-No. nominal. Flax
seed-No. l, Sl.33, Mess pork, per Dbl,
.2O@l1.25. Lard, per 100 lbs 1878.
Short ribs sides, loose, $560@5. 65. Whis-
ky, distillers' finished goods, per gal, $1.O2.
Receipts-Flour, $4,000 bbls; wheat, $4,000
bu; corn, 229, 900 bu; oats, 10000 Du;
rye, 1000 bu; barley, 1000 bu. Shipments
Flour, 1,3O0O bu; wheat, 10l, 600 bu; corn,
65l 900 bu; oats, 10000 bu; rye, $4,000
bu; barley, 5000 blu. On the produce ex-
change to-day the butter market was fairly
active, but unchanged. Eggs quiet at lie