St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-13
SHORTS WERE FRIGHTENED
Onfavorable Crops News Causes the
Shorts to Cover Freely.
CASH HOLDERS UNLOADING.
Better Tons to the Stock Market,
But Closing Prices Were
Lower.

CHICAGO, June l2-There was enough ac-
tivity in wheat to-day to keep the cro"o
guessing aud strength enough on some con
spicuous buying to cause the shorts to feel
nervous. The talk of probable manlpula-
ton in July, started on the curb last night,
was continued this morning and caused this
future to open ssc over the close ut T6Ac.
This was followed by some pretty good buy
ing by local shorts and July went to 16l2c,
but yielded to 76ISc ut the end of the first
hour. Following this came the best strength
of the day, when July moved up to ne. This
was due to buying on unfavorable crop news
from the Northwest in part. but more largely
TO the buying of about 100000 bushels OF
July for st. Louis miller who was short.
This buying was the heaviest dealing
of the day The temper of the shorts
here would have carried prices much
higher but for Hutchinson, who sold
during the forenoon not less than
100000 in July At l o'clock there was an
easier feeling and July was off to 76l2c
again June sold at 79S4e, to soc, to 79c 10
79Isc, to zoe at l o'clock. In the deferred
futures there was action and less strength.
September sold at 737sc ana T4ssc Those
who talked manipulation have pointed TO
The fact that while July advanced here, 1t
was l2@ls4 lower in other markets Export
clearances were light end cables weak. Re-
,eipts here but 7 cars with No. stuff, and
out 10 cars estim a.ed for tomorrow. At the
close to-day it was evident that many had
Been frightened into closing their trade in
July wheat. Holders of cash wheat were the
lellerS. There was no important change to-
ward the close. Corn and oats were quiet
md without important change in prices. Re-
eeipts were 257 cars of corn and 1G0 cars OF
pats Provisions were dull and lower Pork
ost 7le@l0c; lard 2l2Q5c, and short ribs
7l2c The sale of J, 900, 900 pounds or short
ribs by one firm had depressing effect.
ROUTINE REPORT
CHICAGO. June l2.-1rading in wheat was
suite active and the feeling unsettled and
nervous. The course of prices was irregular,
,ulng higher for the nearer deliveries: in
tact, for all futures except December, winch
vas easy. June tluctuated within lie range
md closed 4c lower than yesterday. July
opened Ss@5sc higher, advanced lsc more,
lold off lac, then advanced sharply Csc, re-
.eded l2c, and closed about S4c higher than
yesterday. August and SEPTEMBER were al
RANGED l2@ssc and closed about 1sG114c
higher feature of the market was
he comparative weakness for Deem
Der: this future advanced A@ssc at
he opening, and after that sold
off Ice, selling from a to 1c discount on July
The unsettled and nervous condition OF the
market was due to rllmOrs of possible man
lpulation for July. Some large traders have
been credited with having make large pur-
.hases and these rumors have induced the
short interests to cover freely. AS trading
has centered principally in july delivery,
that future was the most affected and thus
accounted for the sharp advance. The short
telling for July has undoubtedly been very
.arge. Corn ruled quiet and inactive the
greater part OF the session, fluctuations being
limited TO 1SGl14c range and trading entirely
Of local character. The feeling, was com.
paratively firm. Oats were slow, the bulk OF
transaction confined TO the local profession
ais, and prices varied lac. Trading was
fairly active in the market for mess pork, but
the feeling was weak during the greater por-
lion of the day. Prices declined iO6D12b2c'
oil the whole range. and the market closed
quiet. Rather light trade was reported in
lard, and the feeling was weak: prices de-
olned 2I2GD5c and the market closed quiet.
A moderate trade was reported in short RIB
tides and the feeling was easy; prices de-
clined 112@10c, and the market closed quiet
GENERAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No , July opened at 76fAc, closing
1t 769sc; September opened at 74c, closing
1t I4c; December opened at 1850, closing
1t 7534c: year opened at 1888 closing at
73I2c. Corn-No. 9 July opened at 3414c,
closing at 34Ac; August opened at 34asc,
closing at 3434c; September opened at Boise,
closing at 31lSc. OatS-No. July opened
at 224sc. closing at 22l2c; August opened at
22l2c, closing at 22l2c; September opened
At 22S4e, closing at 225sc Mess Pork (per
pbD-July opened at S11.70,- closing at
f11.65; August opened at $l1.SO, clos
ing at S1l.70; September opened at 11. s71a,
dosing at S11.90. Lard, (per 100 lbs
July opened at SG.65. closing at sc. 62l2;
August opened at S6.72l2, closing at $G.7O:
September opened at ST. 80, closing at S6.77la.
Short Ribs (per 100 lbs)-July opened at
S5.S5, closing at S5.S2l2: August opened
at $3.50, closing at S5.S7l2; Septem-
Der opened at So, closing at $5.95.
Cash quotations were as follows: Flour
dull and unchanged. Wheat-No 2 spring,
79A@79l2e; No. 9 spring. nominal; No.
red, 79A@79lac. Corn--No. 2, 34c. Oats
No. 3, 224@22ssc. Rye-No. 2. 3Sl2GD33s4c.
Barley-No. 2 nominal. Flax Seed-No. 1,
S1.54Gl1.55. Prime timothy seed, 81. 22@
l.23. Mess pork, per Dbl, 81 .62l2G111 .65.
Lard,per 100 lbs, S6.57l2@96.6o Short ribs,
sidesQoose) SO. S0@5.30. Dry sailed shoulders
(boxeD, So. 12l2G95. 25. Short clear sides
(boxedl. Sc. l2l2@6.25. Whisky-Distillers'
finished goods. per gal, Sl.O2. Sugars-Un-
changed; Receipts Flour, 2o,ooO bbls;
wheat, 10000 bu: corn, $50, 900 bu; oats.
i1S.000 bu: rye, 5000 bl; barley 1000
bu. Shipments-Flour. 5000 bbls; wheat,
20,000bu corn, 574,UOo bu; oats, 274, OOu
bu; rye, 3S, 5000 bu; barley, 5000 bu. On
the produce exchange today the butter mar
ket was firm and unchanged. Eggs firm at
l2c,