St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-09
SHORTS NEATLY CIhCHED.
En- Unusually Strong Wheat Market
Makes Bears Feel
Blue.
The Best Bull Influence Is a Decrease
in the Visible Sup
ply.
Financial Operations by the Monetary
Kings---The General Quota
tons.

CHICAGO, July S.-Contrary to general ex-
pectations, there was a rousing good bust
ness in wheat on change to-day, and the mar
ket showed strength that was very alarming
to the shorts and the bears generally. rms
action was all the more remarkable IN view
of the fact that the weather was hne III the
Southwest for harvesting, and raining Ill the
Northwest where it was most needed. Ihere
was moreover. little or no attempt at manlp-
ulation, and the advance was on good gen
eral, though local, buying. The letters and
most reliable advices from many parts of
Dakota lead the trade to believe that serious
damage has been done the wheat crop,whlch
cannot be overcome by present rains. The
Washington monthly report due Wednesday,
is expected to cut a figure after that
date Cables this morning, tirmer Wheat
was quoted this morning as tending upward
at Liverpool. The best bull influence OF the
day was the large decrease in the visible sup
ply The outside estimate was 100000
bu. Secretary Stones figures gave the de-
crease at ,345. 900 bu. This was partly dis
counted early, and had its effect later as
well. The out inspection OF los, 900 bu mere
helped the buyers a little. There were no
elearances at Atlantic ports to speak OF. The
action here was as follows: July, 93c to
93l2c to 931sc to $685. to S3c to s3l2c, 10
S3lbc to S3I2c; September, 7S5sc TO 1880
zoe, to TSSsc to zoe; December, soc to SUES
@DS0l2c, to SO14c to STAG before CLOCK
The decrease in the visible supply leaves
the stock in sight less than l4,ooo,ooo ou
against 81, 10000 year ago. Wheat was
strong to the close, which was at about best
prices of the day. Receipts of wheat were
IL cars. There was unusual strength IN
corn, considering the magnificent weather
and the large receipts. The secret was the
excellent cash demand, which shows no
let up; with 549 cars received and 600 cars
for tomorrow, and crop prospects very fiat
tering. Out inspection 100000 bu; ship
ments, $4,000 bu. Export clearances,
2O5, 900 bu. Lake charters, 100000 bu.
The visible supply decreased 346.O0O bu.
The supply increased $40, 600 bu. Oats were
dull, and Ac lower for the nearer futures.
The supply increased 437, 600 bu. Receipts,
219 cars. Provisions travelled in circle
again to-day as far as prices were concerned.
There was little trading just ut the opening
on prices 2l2@712c over the close last week.
This was followed before noon by slight
decline, which put prices 2l207hc under
the close Saturday. Before the close there
was strength enough to carry prices to about
the best figures OF the morning. Trading
was not heavy.
The leading futures ranged as follows:
Wheat-No. 2 July, s3c, closing at S3l9c;
No. 2 August 78s4c, closing at 794sc;
September, 7Slsc closing at 79ssc; De-
cember, soc, closing at STAG. Corn-No
2 August, 35lac, closing at IS sc; September,
35Ac, closing at $3.50; October. 36c, closing
at 361sc. Oats-No. 2 August 22ssc, closing
at 224c: September, 22ssc, closing at 22l2c
Mess Pork (per bbD-August SLATE
closing at S1l.5O; September, S11.57l2,
closing at SLIGO. Lard (per 100 lbs
August, $6.32l2 closing at S6.35; Septem-
Der, S642I2, closing at S6.45. Short Ribs
(per 100 lbs)-August, S3.82l2, closing
SIS so; September. S5.S7I2, closing at
S5.S7l2; October, $50, closing at S.. 7212
Cash quotations were as follows: Flour firm;
dealers asking higher prices. Wheat-No. 2
spring, 93l2@ S4c; No. 3 spring, nominal;
No. red, S284@S4l2c. Corn-No. 2, 33s4c
Oats-No 2, 225sc Rye-No. 2, 42&. Bar
ley-No. Q, nominal Flax Seed-No.1 l, 81. 35.
Prime timothy seed, S1.45@1.46. Mess
pork. per Dbl, S11.50@1l.55. Lard per 100
TBS S6.3OM6 32l2; short ribs sides Qoose),
S.. S0@5 .S5. Dry sailed shoulders (boxed),
So. 256l5. 37I2. Short clear sides (boXed),
$6.12t206 %. Whisky-Distillers' finished
goods per gal, S1O2. Receipts-FloNr, r.
QUO bbls; wheat, 5000 bu; corn, $4,000
bu; oats, $4,000 blu; rye, 1000 bu: barley,
1000 bu. Shipments-Flour, 10000 bbls;
wheat, $4,000 bu; corn, 452, ZOO bu; oats,
366, 900 bu; rye. 5000 bu; barley, 1000 bu.
On the produce exchange to-day the butter
market was quiet and unchanged. Eggs,
fol