St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-12
.BEARIsH CROP REPORTS.
Larue Increase in Acreage in Both
Spring and Winter Wheat Sections.
GOOD BUYING ON BREAKS.
Fair Degree Of Activity in Stocks, With
the Prices Closing Higher All
Around.

CHICAGO, June Ill ueIe was SiiS"S" "S
ton in wheat to-day to satisfy anv one. Inc
session was anything but monotonous, whlie
prices travelled over old lines and were not i'll
the end greatly changed The government
crop figures received late last night were the
nrincipal cause of disturbance. The Wash
ington estimate makes an increase OF l,ooo.-
600 acres in winter wheat, and per cent i'll
spring wheat. The total acreage of both
kinds is estimated at IS. 736, 600, against 81
336. 600 last year. Following on the bearish
crop report was the most favorable weather
everywhere this morning. These two things
controlled the trade at all leading markets.
July wheat opened lie lower here, at st.
Louis and Toledo, and s4c lower at New York.
In this market quite an element was
long. and the selling early was of the wild
kind July went from 75S4c the opening, TO
75Ssc At once, or nearly 1l2c under Inc close
last night This was the bottom. There was
a reaction to 75s4c, a dip to 1ol2c. good
rally to 76lsc, another decline to 75ssc, still
another rally to 76c and yielding TO 1os4c,the
opening price at o'clock. June sold I"Ac
TO 1880. with many fluctuations around
79l2c. to 19s4c. September sold lower ut the
opening 13l2e, and once up to 144c, with
74c the ruling price. There was good buy
ing on the break by Baldwin and Farnum,
and covering by George Smith and Partridge.
The impression later was that the crowd
oversold early. and private advlces
from the Northwest do not agree
with the government figures, winch
covered nothing later than May 81. New
York dispatches were less bearlsh ana more
boat loads were reported taken for export
but New York cleared no wheat. There was
no No. > wheat received here. There was no
very conspicuous trading, and the greater
part of the business was done by scalpers
The wheat market near the close OF the day
was frmer. Closing prices were at slight
fractions better than the opening. Receipts
were 81 cars There was good trade in
corn, but prices were not materially changed
from Yesterdays close. Receipts, 42S cars
by rail and IA, 500 bu by canal. Oats were
quiet and unchanged. Receipts, 234 ears by
rail- and II. 200 bu by canal. Provisions
were fairly active, with the bulk of the trad
ing in short ribs. Closing prices were 2l2@
sc lower than yesterday.
ROUTINE REPORT.
CHICAGO, June 11.-Quite large business
vas transacted in wheat, and lower range
of prices was established. especially for the
deferred futures June closed about ssc
lower. july opened 1@l4c lower, sold off
lsc more, rallied 5s@s4c, receded again and
closed about Use lower than yesterday De-
cember closed about lie lower. The break IN
the market was at ributed to the bright and
clearing weather and the government report.
The principal factor no doubt was the June
report of the agricultural department, which,
although showing falling Oft OF three points
IN condition, was better than many operators
had calculated on. The figures as represented
by the department indicate a much larger
of long wheat which had been bought
IN the expectation of realizing higher
rrices, was placed Oh sale and the offerings
were heavy. Shorts took advantage of the
weakness and bought ill., one prominent local
trader being credited with covering freely.
and the buying from this source checked FUR
the decline. A fair business was reported
in corn, the feeling developed being rather
unsettled, the market ruling weak early, and
firmer later. The weaker tone early was at
tribuled to the decline in wheat and more
favorable weather. and.later the smaller an
ucipated arrivals had strengthening lnflu-
ence The market opened SEC below the clos
ing prices of yesterday, was steady for
time. then advanced Csc, reacted some. clos
ing a shade lower than yesterday. Oats
wore traded in moderately, and
steady feeling BrcoI preyaaed , amrns
Later quietpess prevailed. and the market
closed steady at about the same price as yes
terday. little more life was manifested IN
the market for mess pork opening sales
were made at 2l2@5c decline, and further
1t closed rather quiet. Considerable interest
was manifested in the lard market. Prices
ruled 2I2@5c lower, and the market closed
tame at medium figures Trading was fairly
active in the market for short rib sides and
the feeling was easier. Prices ruled 412@5c
lower and the market closed at outside fig
ureS.
GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat-No 2 July opened at 75l2c, closing
at 757sc; August opened at 73s4c, closing at
737sc; September opened at 73l2c. closing at
1850. Corn-No. 2 July opened at Sac,
closing at 344c: August opened at 34l2c,
closing at 34Ac; September opened at 35c,
at DESC. closing at 22l2c; August opened at
22l2c, closing at 22l2c; September opened
at 22l2c. closing at 225sc. Mess Pork (per
bbD-July opened at SLID, closing at
ing at S11.S0; September opened at 80,
closing at S11s7la. Lard (per 100 lbs)--
July opened at 500, closing at sc. 67l2;
August opened at 1913, closing at 500;
Short Ribs (per 100 lbs)-July opened at
at S5.a5, closing at S5.97ls; septema-
Der opened at s6.o5, closing at s6;o5.
Cash quotations were as follows: Flour
79l2c; No 2 red. 79l2c. Corn--No. 2, 34c
Oats-No. 2, 224@22asc. Rye-No. 2, 3ela
@3e84c Barley-NO. 2 nominal. Flax Seed
No. 1, S1.54l2. Prime timothy seed. 81 %
@123. Mess pork, per Dbl, Sl2.70@12.75.
Lard. per 100 lbs. S6.62l2. Short ribs. sides
Noose). So S5@5.95. Dry sailed shoulders
(boxed), So 2l2@5. 25. Short clear, sides
(boxed). So. 12l2@6. 25. Whisky-Distillers'
finished goods, per gal, S1.O2. Sugars-Cut
wheat, 10000 bu; corn, 255, 900 bu; oats.
10000 bu; rye, 1000 bu: barley 1000
bu. ipments-Flour, 5000 bbls; wheat,
81 ,00Obu corn, 341 600 bu; oats, 2OS, 900
bu; rye, 1900 blu; barley, 1000 blu. On
the produce exchange to-day the butter mar
ket was firm and unchanged Eggs in fair