St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-01
Prices ARE MANIPULATED.
Cables More Bullish Than Ever and the
Wheat Market Goes
Up.
Cut and Dried Reports From the North
west Proven False by the Weather
Chart.
Financial Operations of the None
tary Centers---General Quota
tons.

CHICAGO, June 29.-There was little change
in the character of wheat to-day. Cables
were more bullish than on yesterday, while
crop news, In spite Of sensational crOp-kill-
ers, was little better. and should have had a
bearish effect. But prices went higher in
stead of lower. Prices were manipulated.
The usual number of dispatches came from
Dakota, "cut and dried" saying that the out
look for the crop was very bad, and that
there might be half crop. At the same
time the weather chart showed rain at many
Dakota points early, and later dispatches
said it had rained three hours this morning
over good part of the wheat country. An
expert, who was on the floor, informed his
houses that two-ffths of Dakota
will have a good crop, with the
other three-ifths ranging from a half to
three-fourths of crop. But news had little
to do with to-day's strength. 1t was manu-
featured bulge, ON which certain houses I'M
loaded large line of long wheat The feat
ure of the day was the strength in December
and its premium over July. There were no
export clearances at New York, but five boat
loads were worked there before the close for
export New wheat at st. Louis sold at
premium over old at &c. Cables gave flour
3 pence dearer. Out inspection here aggre-
gated 10000 bu. There was general selling
out of wheat before the close. December
went off about 112c from the top price at
noon. Receipts were 10 cars Corn was
dull and weak early, but displayed little
strength later, when wheat began to
improve, and closed but a shade lower
than yesterday. Receipts were 5S2 cars
Oats were dull and trife lower than yester-
day. Receipts 228 cars. Withdrawals from
store were 25, 419 blu winter wheat, 35, 49S
bu spring. SO, 223 bu corn and 81, 22S blu
oats. 1t was tiresome day in provisions.
There was constant effort to do business,
and yet trade was light and prices narrow.
The market opened with prices 212@5c
lower There was further slight decline
all around when the crowd began buying to
even up for the close of the week. Mess
pork moved up about loo from the bottom,
and sold over last nights figures.
GENERAL QUOTATIONS..
The leading features ranged as follows:
Wheat-No. 2 July opened at S0s4c, closing
at sOlsc; August, 79c, closing at 7sssc:
Der, sllsc. closing at s0ssc. Corn-No. .
July opened at 34sc. closing at 347sc; Au-
gust 351sc, closing at 351sc; September.
35ssc, closing at 35lac. Oats-No. July
opened at 22ssc, closing at 22Asc; August,
L-SSC. ClOblu6 LGfZC, DCCOuuCl, "a 1co, WIS
Ing at 229sc. Mess Pork (per bbl)-July
opened at $l1.70, closing at S1i.75; Au-
gust. S11.eO, closing at $l1. e7Ea; September,
S1l.9O, closing at S12.95. Lard (per 100
lbs)-July opened at $500, closing at
S652la; August, 6.62l2, closing at $3.50;
September, 6.72la, closing at $3.50. Short
Ribs (per loo lbs)-July opened at $3.50,
closing at S3.91; August, $5.97I2, closing at
500; September, $500, closing at $6.02.
Cash quotations were as follows: Flour firm
and unchanged. Wheat-No. 2 spring,
9ll9c; No. spring, none; No. 2 red, 91la@
SIC. Corn-No.2. 35c. Oats-No.2, 229sc. Rye
No. 2, 4212Q43c. Barley-No. 2 nominal
Flax Seed-No. l, 1.44@1 .46. Prime timothy
seed $1.50@1 80. Messpork, per Dbl, Sl1.75@
11.so. Lard (per 100 lbs, s6.50@6.52Is;;
shoulders poxedD, So: 25@5 :37l2. Short
-Distillers' finished goods, per gal, S1.02.
Sugars-Cut loaf unchanged. Receipts
Flour, 5000 bbls; wheat, 1000 bu; corn,
272,O0O bu; oats, 1856, 900 bu; rye, 5000
bu; barley 1000 blu. Shipments-Flour,
10000 bbls; wheat, 1900 bu; corn 245,
600 blu; oats, $4,000 bu; rye, 1000 bu;
barley, 1000 bu. On the produce ex-
change to-day the butter market was firm
and unchanged, aud eggs firm at lie.