St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-22
BEARS TAKE AN INNING.
They Tackle the Wheat Market in Earn
est and Put Prices Away
Down.
Ballish Private Cables Not Accepted as
Gospel Truth by the
Trade.
Financial Operations Of the Money
Manipulators---The General
Quotations.

OHfoAeo, July 2O-The wheat market
proved quite interesting the first hour, after
which it was heavy, and before the close,
extremely dull. The opening was rather sus-
tanned on rumors regarding buying by local
parties on the curb last night and this morn
ing. July went to Gle; August and Septem-
Der each started at 1850, and December
opened lac higher at s01Ac These were the
best prices of the day, and were not main
tanned for minute Selling was headed by
Mitchell, and St. Louis was weak. Before l
o'clock July went off to 79l2c, September to
771ac and December to 791se, with rally to
1850. and the pit was very dull. 1t was esti-
mated that the visible supply will decrease
perhaps 500, 900 blu. Receipts here were las
cars, with 12S cars new and 90 cars No. O.
New York cleared $4,000 blu. The rumored
bullish private cables were not accepted in
good faith by the trade, and the short inter-
est being largely disposed of the market had
little support. There was little recovery
from bottom prices in wheat. Receipts of
corn were 4S9 cars. First prices were the
same as last night. Later in the day there
was firmer feeling entirely on the brisk
cash demand, while the pit was extremely
dull. Oats were fairly active for July, which
closed 1sc lower. Receipts, 100 cars. With
drawals from store were 1890 bu winter
wheat 1852 blu spring, 3SO,21O Blu corn
and 40, 395 bu oats. There was light trade
in hog products to-day, except in short ribs,
which were again taken freely by Armour &
Co., and this gave strength 10 the market,
which started steady, but slow advance
carried prices 10 to zoe higher for ribs and
pork at noon. There was partial decline
before the close.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, July, opened at sO7sc. closing
at 1850; August, ,7sasc, closing at z7tse;
September, 1880. closing at 77l1c; Deem
Der, sOAc, closing at 79asc. Corn-No: 2,
August, closing at 35%c; September, $3.50,
36Isc. Oats-No. 2, August, closing at 21Ac;
September, opened at 22c. closing at 217sc;
May, 25sso, closing at 25Ac. Mess Pork
(per bbD-August, opened at Sl1;1O, clos
ing at 1T s ~ cosin el0s
SI0.75. Lard (per 100 lbs)--August, closing
at Sc 25; September, opened at $3.50, clos
ing at $6.35; october, $685., closing at
$3.50. Short Ribs sperr 100 lbsl-Au.
ST. s sgeRsS at $50 S Closing ' s9 $685. st.
Cash quotations were as follows: Flour
dull but steady. Wheat-No. 2 spring, 1888
@79sc; No. spring, nominal; No. red,
2, 22Ac. Rye-No. 2, 4Ithc Barley, none.
Flax Seed-No. 1, sl.32@l 32la Prime tim
othy seed. $3.50. Mess pork, per Dbl, SII.15
@11.25. Lard, per 100 lbs 1928. Short
tillers' finished goods, per gal, $1.O2: Re
ceipts-Flour, 5000 bbls; wheat $4,000
blu; corn. 278, 900 bu; oats, $4,000 Du;
rye, 5000 bu; barley, 1000 Blu. Shipments
Flour $4,000 bu; wheat 5000 bu; corn,
49s, 900 bu; oats, 241,Oo0 bu; rye, 35,O00 /,
blu; barley, 1000 blu. On the produce ex-
change to-day the butter market was steady
and unchanged. Eggs quiet at 11@l2c.