St. Paul daily globe., 1889-06-14
A GOOD EXPORT DEMAND.
Shorts Free Sellers Early, but Covered
in the Late Hours.
HIGH PRICES AT THE CLOSE.
The Stock Market Quiet, With Busi-
ness Confined to Few Spe-
cialtieS.

rCu1cAeo, June 13.-The wheat market to-
day was great disappointment to the bears.
The first action of the morning was one OF
apparent weakness. Prices opened A@l2c
under last night July started at '6tsc,
touched 76c, and then went with bound 10
76ssc, and later to T7ssc. The bears said the
shorts were simply getting out OF July Tor
fear of manipulation. This was but part OF
the truth. The shorts were nervous all
around and were getting covered Ill all nut
nres. In August and September prices went
from below 74c up to 75c and December
went to 76s4c The first weakness was on
bearish cables and dispatches showing hne
harvests and fine weather i'll the Southwest.
Reports from the Northwest were con-
ficting. Clearances from New York
and Philadelphia were $4,000 bu. Later
dispatches said there was demand there
for twenty boats from America and the con-
tlnent. with five boat loads worked. In this
market the buying in July early was headed
by Mitchell and Comstock. The scalpers
soon took the buying side on the upturn.
After IL o'clock July yielded to nc, ana
later in the session the upward movement
was even more general, and July reached
71l2c at l o'clock, with general interest ana
activity in the pit. The best strength OF the
day in wheat was shortly before the close
The rains reported early in the great wheat
valley in Dakota were denied. A sale of So
00U bu cash wheat at Milwaukee was re-
ported. The export demand at New YORK
was good. July, as stated, touched 77l2c
and yielded fraction, but closing prices for
all futures were about the top for the day.
Receipts were "a cars wheat, 259 cars corn
and l47 oats by rail and 1880 bu by canal.
ing trifle lower than yesterday. Provisions
were dull and without important change In
prices.
ROUTINE REPORT.
CHICAGO, June 13.-A large business was
again transacted in wheat, and the feeling
developed was quite unsettled and as un,
certain as yesterday. The market too, showed
considerable strength. une was quiet most
of the session and closed lac lower than yes
terday July opened weak and l2 @Ssc lower;
then steadily advanced 11sc; receded s4G1sc;
again sold up 7Sc, eased off slightly and
closed about ssc higher than yesterday: Au-
gust and September opened shade lower;
adv anced A@ll2c, and closed 1c higher.
December was sSc lower at the opening; ad-
vanced 1ssc, and closed lsc higher than yes
terday. The market showed more strength
on the whole than yesterday, and closed
firm. Rumors of fair exbort buying at the
seaboard, and more inquiry and in neighbor-
ing markets, together with rather unfavora-
BILE crop reports from the Northwest, were
the reasons assigned. Besides the talk OF
manipulation has a tendency to affect the
market, though there is nothing more in this
gossip than that the market has been over
sold and that shorts are anxious to cover, es-
pecially as it is now believed that the new
crop of winter wheat will not be marketed as
early as expected. Eastern parties and st.
Louis were reported as having bought freely.
Rain is wanted in the Northwest, and the
weather bulletin reported clear weather in
that section, though private advices report
passing shower, while in the South, where
harvesting is under way, rain is reported. A
moderate business was transacted i'll corn
and the feeling developed was rather easier,
slightly lower prices being established. The
easier tone was attributed mainly to the fine
weather. which had a weakening influence
on the more distant futures. The market
opened ls@I4c lower than the closing prices
of yesterday, fluctuated within lac range, and
closed ls@Ac lower than yesterday. Fats
tember declined 4@ssc, which was fairly
maintained until the close. July received
fair support after decline of 1sGl4c, and
rallied to outside figures. A quiet and rather
products. Offerings were fair and the de-
mand from all sources were limited. July
and September monopoliZed the business.
GENERAL QUOTATIONS.
The leading futures ranged as follows:
Nheat-No 2 July opened at 76lsc, closing
at 7714c: August opened at 73a4c, closing at
75lsc; September opened at 1889. closing
at 75c; December opened at 7512c, closing
at 76Ssc. Corn-No. 2 July openedat 341sc,
closing at 341Sc: August opened at 34tsc,
closing at 34l2c; September opened at 35c,
closing at 351sc. Oats-No. 2 July opened
at 22l2c. closing at 22ssc; August opened at
22sse, closing at 22Ac; September opened
at 22l2c. closing at 22Ac. Mess Pork per
bbD-July opened at S11.62le, closing at
S11.65: August opened at Sl1.72l5. clos
ing at S11.72la; september opened at$l1.SO,
closing at S11.SO. Lard, per 100 lbs)--
July opened at S6:;62l2;; closing at Sc, 62lS;
August opened at $6.72l2 closing at S670;
S6.77l2. Short Ribs per 100 lbs)-July
opened at So. 5.S2l2, closing at S5.s5; August
opened at S5.S7l2 closing at S5.92Ls;
September opened at S5.95: closing at So.
Cash quotations were as follows: Flour
dull and unchanged. Wheat-No. 2 spring,
79@79l2c. Corn-No. 2, 357sc. Oats-No.
nominal. Flax Seed-No. /. Sl.54. Prime
timothy seed, ST. .22@1. %. Mess pork, per
bbl. Sl1 .62l2@11 .65. Lard, per 100 lbs,
S6.5712. Short ribs, sides Qoose), $500
$50. Dry salted shoulders boxeD. $5.l212@
5.25. Short clear sides (boxed: 6.12l2@
6.25. Whisky-Distillers' finished goods, per
gal, Sic Sugars-Unchanged. Receipts
Flour, 10000 bbls; wheat, II 900 bu: corn.
10000 bu; oats. 164.OO0 bu: rye, 5000
bu; barley, 1000 bu. Shipments-Flo
5000 bbls: wheat, $1,000 bu: corn sol 900
bn; oats, $4,000 bu; rye. 1000 bu; barley,
the butter market was firm; fancy creamery,
l5l2@] 6l2c; fine, 15@l5lac; finest dairies.
12@ l3l2c; fine, 1O@12c. Eggs firm at 12c.
r. M. NEWPORT & SON,
Investment Bankers.