St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-02
BEARS ARE VERY NERVOUS
The Bulls Are Still in Control, and
Intend to Continue
So.
"Rain Dispatches" From Dakota Have
Very Little Effect Upon the Wheat
Market.
Financial Operations of the Money
Kings--The General Quo
tatons.

CHICAGO. July 1.-Wheat showed pretty
good strength again to-day and the crowd
showed nervousness The bulls were still IN
control Of the market, and il is pretty gen
eraIlv conceded that they viii be until the
receipts Of new wheat begin in good quantity
Then there will be actual stuff instead OF
winds and the trade may act differently. Inc
slight bearish feeling existing at the close OF
rather after the close Saturday, on account OF
the rain DISPATCHES from Dakota. did not
hold long to-day. Tue. prices opened slightly
under. and even dropped little for few
minutes. but the rally and strength soon re-
turned. July sold az S0ssc. 10 Sll2c, 10 I9s4c,
10 sO5sc. 70 soc. 70 S0lzc at noon. septem-
her sold st =9c TO 7os4c. 10 79c, TO
1854 7Slsc before l O'Clock December
sold 81 sO&sc. TO sO94c, to Sol2c, TO SOssc, to
SO44c to SIIsc at the same time. The bulls
were not without news. The hot winds con-
tfuued IL the Northwest. and While private
DISPATCHES reported rain at few points, the
weather map showed drouth. The visible
supply, as compiled by Secretary Stone,
showed a decrease for the week of ,l0o'-
600 bu. Stocks at Liverpool were decreased
also. and former deliveries were light. Ex-
port clearances were very light, less than
10000 from Atlantic ports. There was no
wheat delivered here. Another bull item
was found in the out inspection here OF over
100000 bu, mostly No. 2 wheat. Wheat
was unsettled to the close, when prices were
LNL5c over the close Saturday. Receipts
were u cars Corn was firm to-day, very
largely on the excellent cash demand. Fut-
ures were advanced fractionally, while cash
kept at a premium over July. Receipts
were large, $40 cars, 333 cars grading No. 2.
The out inspection was large, 100000 bu,
while shipments were enormous, reaching
over 500, 900 bu. Deliveries were very light.
Visible supply decreased 345, 900 bu. Oats
were simply firm. with other cereals, most OF
the session. The deliveries early were estl-
mated at $50 900 bu to 100000 blu. Visible
supply decreased 326, 600 Blu. Charters to-
day. $1,000 bu. Receipts, 223 cars Pro
visions were easier under sales of July stuff
and large receipts of hogs. Prices held
within a narrow range, and closed 5Q7l2c
lower for pork. about 212c lower for lard,
and 5G7l2c higher for short ribs.
GENERAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. July. SO4sc, closing at e0:sc;
August. 7Sssc. closing at 1e&4c; september,
Tgc. closing at zee: December, S0ssc. clos
ing at Ca4c. Corn-No. August, 35lsc,
closing at 35:sc; September, $3.50, closing
7
Oats-No. . August 22i2c, closing at 22ssc:,
Ser'ember. 22Ssc. closing at 225sc. Mess
Pork perl bbl)-August Sl1.77l2, closing at
sIIeU; september, Sl1.90, closing at
SII9O. Lard per 100 lbs)-August, S6.51l2,
closing at S6.57L2: September, S6.67l2,
closing at $3.50. Short Ribs (per 100
lbs)-August S5.97l2, closing at S6.02l2;
September SCOPE, closing at S6.01l2.
Cash quotations were as follows: Flour firm
and unchanged, though some jobbers ask an
advance of Zoe on spring patents. wheat
No = spring, S0s4GJ 1c; No. 3 spring, T2GD
Use: No red, s112GS2c. Corn-No. 2,
35lsc bid Oats-No. 2, 2234c Rye-No: 2,
42s44 43c. Barley-No. 2 nominal: Flax
Seed0No. l, Sl.4501.4 Prime timothy
seed. s153@1 "a. Mess pork. per Dbl, Sll.7O
MlI.75. Lard, per 100 lbs, S6.4Il2; short
ribs sides Qoose), S59G06. Dry sailed
shoulders boxed, So 5@S: 37l2; , Short
clear sides (boxed), So 25@6.3712. Whisky
Digtillers finished goods, per gal, Sl.02.
Sugar unchanged. Receipts-Flour, 12,0'O
bbls; wheat, 5000 bu; corn, 100000 bu;
oats. lI5. 600 Blu; rye. ZOO bu; barley, 900
bu. Shipments-Flour, 1900 bbls; wheat
10000 bu: corn. 500, 900 bu; oats, 327, 900
bu. On the produce exchange to-day the
butter market was firm and unchanged. Eggs
firm at lZl9c,