St. Paul daily globe., 1889-06-19
OPERATORS ON the FENCE
Contradictory Dispatches Cause Spec
uiators to Hide Low.
" HUTCH" AN EARLY BUYER.
Stocks We're Stronger, but the Mar
ket Was Much Less
Active.

CHICAGO. June lS.-The trade was pretty
we'll mixed in wheat to-dsy. The news was
mixed. and local operators were CAUTIOUS be-
cause of their losses yesterday. The mar
ket started without any marked features ana
with prices about steady. The dispatches
from the Southwest reported continued wet
weather and floods. This was bullish. The
Northwest adyices made it clear that the
dry fields of Dakota We're being refreshed
with pretty general rains. This was bearlSh.
Contradictory dispatches were also received
from both sources. Altogether, the trade was
pretty well divided, but there was less VIM 10
the market. The action in July up to p.
IN. was as follows: opened at ISS4c, solu
7Sssc 10 7Ss4c. to 1SSsc, to 1Sl2c, TO 1SAc, 10
7Slae TO 7S4c, then Off on sort OF raid or
free selling 10 77l2c, with rally 10 |oac,
then TO use at l o'clock. Hutchinson was
a buver early, but the crowd feared
his sales through unknown parties. He was
an open seller with CuGahy on the sharp de-
cline. but took July again around |ec.
August and September went off to 74s4c ana
rallied with July. New York dispatches
reported lively market, with quite bulilsh
feeling on the decrease of 7oO,uUo Du on
ocean passage. the prospects OF export pusl-
ness and the light stocks. Prices were little
changed at Toledo, Duluth, Milwaukee and
ST. Louis. New York cleared but 10000 pu
of wheat, and four boat loads were reported
taken for export at noon. The wheat mar
ket held fairly firm al the close, with prices
all around from 1S@4c under the close last
night Receipts were ten cars. There was
more than ordinary interest in corn today,
and the market was firm and prices slightly
advanced. There was a good demand for
cash corn. There was some talk OF injury to
rOrn fields from storms. There was good
speculative bnying. Receipts were o16 cars.
Oats were quiet and without material change.
Receipts 30l cars. Provisions were inactive
and a trlfle lower.
ROUTINE REPORT
Chicago. June lS-A good speculative
business was again transacted i'll wheat, and
the course of prices somewhat Irregular. The
opening vas rather steady. and prices were
later advanced Ss@l2c above yesterday clos
ing. then broke off 1SQ lac, recovered again.
advancing 7sc. eased off and closed about 4c
lower than yesterday. August closed 1sc
lower, September lsc lower. and December
l4c lower. The early strength was attributed
10 wet weather in the South and Southwest,
heavy storms and rains doing damage to
wheat in Kansas and harvesting interfered
with. The quantity of wheat on ocean pas
sage showed decrease of $4,000 bushels,
ana was also taken rs strengthening feat
decline established under liberal specula-
tive offerings, some long wheat bought at the
top price of yesterday coming in the market.
Rain i'll the Northwest, with some rain i'll the
Red river country, where moisture was badly
needed, assisted the weak some. Recovered
some again, but the feeling was unsettled to
the close. That there are sections suffering
from too much rain at the present. there is
no doubt, and the variable character of the
Influences, created an irregular market. But
milo int 1va m
tho early part of the day, but as the session
advanced, trading became more active. The
feeling developed was relatively firmer and
transactions were at slightly higher prices.
than the closing prices of yes
terday. The market was steady and inact We
sometime, when a better demand sprang up,
one house taking 25O,Oo0 bu July, which
started shorts and market advanced Ac, Of
ferings at the time being limited. The market
then eased off little and closing prices were
full 1sc higher than YESTERDAY. Trading was
lighter in oats and the market quiet and easy
during the early part of the session. Toward
the close firmer feeling developed. espe-
G cally for July, due to the reports of heavy
lain in the oat fields in sections where it was
not needed. Offerings were light. and the
demand from a few nervous shorts helped to
advance prices lS@4c, and the close was
steady at about outside figures. Trading was
fairly active in mess pork early in the day, but
ruled quiet during the latter part Of the ses-
sion. Opening sales were made at 212c ad
vance. and further appreciation of sc was
gained. Later the market ruled easier, and
prices receded l0@12l2c, but rallied again
slightly and closed steady at inside figures
comparatively light business was trans
acted in the lard market. A little demand
early caused steadier feeling, and prices
ruled trifle higher, but a weaker feeling
rather tame at inside figures. Trading was
moderately acty in the market for short
rib sides Demand was fairly active early,
and prices were advanced 212@5c. Later an
easier feeling prevailed, and prices declined
bGl712c. Toward the close the feeling was
steady, and the market closed quiet at inside
figures.
GENERAL QUOTATIONS.
The leading features ranged as follows:
Wheat-No. July opened at 7sSsc, closing
at 7sc; August, 754c, closing at 75lsc;
September, 75Ac, closing at 75lsc; Decem-
Der, nc. closing at 76ssc. Corn-No. 2
July opened at 3412c. closing at 3492c; Au-
gust. SOC. closing at 35c; September. 35ssc,
closing at 55ssc. Oats-No. 2 July opened
at 2212c, closing at 225sc; August, 22l2c,
closing at 22l2c: September, 22ssc, closing
at 2z12c. Mess Pork (per lb)-July ouened
at SIl7o; 81 ; closing at sld62l2; August.
Sl1.s7l2, closing at S1l.sO. Lard tper 100
lbs)-July opened at $3.50, closing at
September, S6.75, closing at S6.7O. Short
Rlps tper Ino lDs)-July opened at % o2l2,
s5s75s September S.. .97is % closing ss at S. s5 s.
Cash quotations were as follows: Flour un-
changed. Wheat-No. 2 spring sOAc;
No. 3 spring, none: No. red, eOAc.
Corn-No. 2. 3414c. Oats-No. 9, 22lac. Rye
No. 2, 39l2c. Barley - No. 2, none.
Flax Seed No. l, sI.52@l.53. Prime
timothy seed. S'.27@1.2s. Mess pork,
per bbl. 11.60@ll .65. Lard, (per 100 lbs)
S6.5O@6.5212. Short ribs. sides Qoose),
$1,000. SO. Dry salted shoulders (boxed),
So. 5.12l2@5. .25. Short clear sides (boxed).
S6.12l2@625 Whisky-Distiilers' finished
goods, per gal. S1.O2. Sugars, cut loaf,
9s@l0c; granulated, 9ssc; standard A,
9lsc., Receipts-Flour 10000 bbls wheat,
bu rye, 1000 bu; barley, 5000 bu. Ship
ments-Flour, 1000 bu; wheat, $4,000 bu;
corn, 900 bu; OATS $4,000 bu; rye,
1000 bu. On the produce exchange to-day
the butter market was firm and unchanged.