St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-31
BULLS CONTROL MARKET.
Eaving Recovered From Their Sur
prise, %TheY Shove Prices Up
a Peg.
The Closing Figures at Chicago by Far
the Best OF the
Day.
Financial Operations Of the Money
Kings.--The General Quo
tati0ls.

CHICAGO. July 3O.-Whatever else may be
duli, the wheat market is kept unusually act
i've on change. With the activity there is an
UNDERGONE of strength which prevents any
serious break III prices, even under the most
bearish local pressure. The news to-day
until noon was sufficiently bearish TO cause
a decline of &c ordinarily. The extreme de-
cline in any future, from closing figures yes
terday, was less than l2c, and this loss was
more Than regained in an hour with a slight
Improvement in cables. The first big bear
card was the heavy receipts. The estimate
was for 43e cars, and the receipts were 517
cars. or l47 cars more than expected. The
bulk of this was new wheat, ana there
were 260 ears of contract wheat, all but
two No. 3 red winter. The other bear in
fuence was the early cables. Liverpool
quoted spot and futures weak with spot
wheat 34d lower. On this news July yielded
but 1sc TO 7S3c; August lee to 76l2c; Sep
TENDER 12c. opening at 1850, and December
asc, touching 7S4c for the lowest POINT.
From these figures there was at first a very
slow but firm reaction of about 12c all around
before noon. The most activity and strength
of the day came after II o'clock. Closing
cables, while still giving lower prices, were
somewhat improved from the opening.
The break also afforded an opportunity
for any number of shorts, big and little.
to cover to advantage. This caused the
bulge, and before l o'clock prices went to
S0l2c for July, with reaction 10 79l2c, 775sc
for August, 77Isc for September. and T9c
for December. These figures were lac to l2c
over last night. At New York also, while
there was heavy selling early, the buying
was somewhat surprising. Beerbohm gave
4O9,0U0 bu increase on passage for the week.
Estimate for Wednesdays receipts, 260 cars.
Out inspection here, 10000 bu. Export
c%learances very light. Closing prices in
wheat were about the top for the day.
There was a better interest in corn today
and better strength. There was no one great
influence, but the special demand for July
to close contracts, the excellent cash de-
mand, the light estimate for Wednesday 1886
cars. together with the wet weather in the
Southwest, helped prices up a trifie. Re
ceipts this morning were no cars; No. 2
grade, 500 cars. Out-inspection, $4,000
bu. New York cleared 132. 900 blu, and New
Orleans 1000 Doc bu. Charters here, 2O4,O 900
bu. Oats-Receipts, 16S cars. Market quiet
and unchanged. Pork was weak, and de-
clined under light offerings. Lard and short
ribs quiet and steady.
THE QUOTATIONS..
Inc leaulnR futures ranged as 1OllOWS.
Wheat-No. 9 July opened at zoe, closing at
79a4c; August, 769sc, closing at 77I2c; Sep
TENDER. '76ssc, closing at 771sc; December.
7SSsc, closing at 79c. COrn-No. 2 August
opened at 361sc, closing at 36Ac; Septem-
Der, 36Isc. closing at 364c. Oats-No. 2,
August opened at 22c, closing at 22c; Sep
TENDER, 2!Tsc, closing at 2l5sc; October.
22Eec, closing at 22lsc. Mess Pork (per bbD
August opened at SIn.5212. closing at
sl0:47l2; September. 5000, closing at
at $I940 Lard (per 100 lbslmAugust
TENDER, S6.12I2, closing 6.12l2; October,
S6.15, closing at $6.12l2. Short Rib (per
100 lbs)-August opened at So. 1922, closing
at S5.37l2; September, 5.42l2, closing at
$40; october, S5.42la. closing at $40.
Cash quotations were as follows: Flour
duh and unchanged. Wheat-No. 2 spring,
I9S4c; No. 3 spring nominal; No. 2 red,
79&c. Corn-No. :, $3.50. Oats-No. 2,22Ac.
Rye-No. 9, 43@43lac. Barley-No. 9 nom
inal. Flax seed-No. l, Si.33l2. limo
thy Seed-Prime, S1.43@1.45. Mess pork,
per Dbl, $1,000. Lard, per 100 lbs, S6.02l2
@6.O5. Short ribs sides Qoose), $3.50
$50. Dry-salted shoulders (boxedj, $5.12l2
@5.25. Short clear sides (boXed). So. 62l2
Q5.75. Whisky-DistiIlerS' finished goods,
per gal. Sl.02 Sugar-Cut loaf unchanged.
Receipts-Flour, -, 900 bbls; wheat, 126-,
600 bu; corn, 424, coo bu; oats, 122, 900
bu; rye, 1000 bu. Shipments-Flour. T.
00U bbls; wheat, D. 900 bu: corn, 2GS,0 o
bu; oats, l42, 600 bu; barley, 1000. On
the produce exchange to-day the butter
market was fairly active and unchanged.
Eggs, 10l2Ol1c.