St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-17
FULL OF LITTLE SURPRISES
the Wheat Market Fluciuates So Sud
denly as to Astonish the
Trade.
Just Before the Close the Prices Go
Down to About the Open
ing.
financial Operations Of the Money
Kings---The General Quo
tati0ns.

CHICAGO. July 16.-The wheat m arket wa
full Of little surprises for the trade to-day.
1t opened firm and higher on outside infiu-
ences. There were the disappointingly
small receipts at ST. Louis, where so much
was expected; and second, the bullish cable
published in New York regarding the for
eign situation. This cable claimed that India
was to be counted out as an exporting coun-
try this year; that England. Germany and
France might have an excess Of 10000, 900
to SO, DOC, 900 bushels over last year, but that
England, France and Italy must look to
America for supplies. News from the North
west continues bullish. On these things
prices started up here and in all leading
markets. There was the usual report that
foreigners were buying at New YORK. After
there had been pretty good bulge mere
Mitchell, heavy short, covered large line
quickly. This spurted the market to the top
prices. Mcdonald and Clifford also bought
freely. Linn, Counselman and others sold
heavily and on the rUmor that there would
be geo cars of wheat received tomorrow the
market went off to pretty near first prices.
Later the car lots for Wednesday were given
but at go to 90 instead of 200. This caused
tome scrambIing again, aud prices went to
The best prices Of the morning. Liverpool
gables were bearish all day. Early they
quoted spot and futures dull and the closing
cable gave no advance. Receipts here were
100 cars. OF this I26 cars graded No. 2 new
wheat received 141 cars. This graded 122
cars No. 2, 1S No. and but 1 No. 4. Clear
Rnces from New York were $500 blu wheat
and "a, 600 bbls -four. An estimate on the
Northwest makes Dakota yield 100000
blu, against IS, 600, 600 bu last year and Min
nesota 80, 600, 600 blu against 27,000,0 900 blu
last year. The range of prices here was July,
77Gc to 79Ac; August, 76Ac to nc; Sep
TENDER, 76s4c, to 77Ac, 7675c, to 77Ac; De-
Eember, 1888, to 79Ac, to 1880, to 79Ac, to
5Ssc, to zoe at o'clock. The best prices
were not maintained in wheat but
there was little decline below the close.
Corn was easy early but advanced on good
buying and closed Ac higher. Receipts were
Dol cars by rail and 10000 blu by canal.
Oats were steady; receipts, FOG cars by rail
lnd 5000 blu by canal. Withdrawals from
Dtofe were %, 7s5 bu winter wheat, 27,64s
su spring, 500, 972 blu corn and 1881 blu
pats. There was some activity and much
weakness in provisions. The hog market
weakened after 8 o'clock, and prices of prod
lcts started about 2I2c under last night.
There was slight rally in mess pork for
few minutes when prices Of all products de-
elined to the close. The estimate of 10000
hogs for tomorrow helped the weakness.
Eudahy was heavy seller of short ribs early,
and that unnerved the crowd. Packers were
generally sellers Of products.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, July, opened at 77&c, closing
1t 79I2c; August, 762sc, closing at 76Ac;
September, 76a4c. closing at NC; Decem-
Der, 1880, closing at 1880. Corn-No. 2,
August, opened at 35Ac, closing at 30 Csc;
September, 35sBc, closing at 359sc; October,
B5lc, closing at 357sc. Oats-No. 2, August
closed at 2ls4c; September opened at disc
closing at 22c; May, 25Ac, closing at 25Ac.
Mess pork (per bbD - August opened at
el1.35, closing at S11.15: September, 81 ! 50,
closing at $ll .22l2; october, $1,000, closing
At 5000: Lard (per 100 ibs)oAugust
Der, 1920, closing at s6.37l2; october,
s6 40, closing at So. 50. Short Ribs (per 100
Lbs)-August opened at $50, closing at
rs .62l2; September, IS. go closing at S.. 67l2;
october, $5.65' closing at s5; !5,nss;.
dull and unchanged. Wheat No. 2spring,
79l3@SOAc; No. 3 spring, T2c; No. 2 red.
79l2@S0c. Corn--No. 2, 35l2c- Oats-No.
2, 22Ac, Rye-No. 2, 42e; BaEleyoN Co., 2,
Prime timothy seed sl.4o Mess pork; per
$50. Short ribs sides, loose, SIS .62I2@5 .65.
Dry sailed shoulders boxed, SIS. 25Q5.37l2.
Short clear Sides boxed, $696. 1917. Whisky,
1istillers' finished goods, per gal, $1.O2.
poo bbls; wheat, $4,000 bu; corn. 800, 900
bu; oats, $4,000 pu; rye, $4,000 bu; bar
ley 5000 Shipments-Flour, 5000 bu;
wheat, $4,000 blu; corn, 2s5, 900 bu; oats,
$1,000 bu; rye, II, 600 bu; barley, 1000 blu.
On the produce exchange to-day the butter
market was quiet; fancy creamery, 15@
I5I2c; finest diaries. 11l2@12; fine, LOG
i1l2c. Eggs quiet; l1l2@12c.