St. Paul daily globe., 1889-06-26
SCALPERS JOIN THE BULLS
Shorts Run 10 Cover to Escape Being
Caught in the Drag
Net.
CID EUtch Joins the Procession and
Helps Materially to Enhance the
Bulge.
Financial Operations of the Money Kings
In Wall reet---General Quota
tiOnS.

CHICAGO. June 25.-The wheat market to-
day proved big one. There was an abun-
dance of news. Trading was both heavy and
sensational. The range of prices was the
widest for weeks. 1t was bull day. The
shorts were nervous on the start, and the
scalpers ioined the bulls, and after starting
the market SS@l2c over last night bulged
prices about Ice all around. There was a
lull and some reaction following this first
bulge second and stronger bulge came
before noon, whick took prices S4c over the
top prices of the morning and about ll2c
over the close last night. After another
slight reaction the third bulge sent prices to
the highest figure of the day, or &c over last
night. The first advance may be credited TO
some bull crop news from the Northwest. the
nervousness of the shorts and the buying by
Hutchinson. The second squirt was credited
to the buying of 500, 900 bu more or less by
representatives of the Fannie Blim follow
ing. The third was on more important bull
news. Lindblom had copy OF a cable from
Vienna stating that Russian and Hungarian
wheat crops are almost hopeless, and that
Europe will have to look to America. The
action here was: July opened at 7Sl4c. sold
TO 7Sl2c, to 7S14c, to 7ssic, to 1Sl2c, TO I9l2c,
to 79lsc, to 79S4c, to 19l4c at o'clock. Sep
tember sold up to 77l2c. December opened
l2c higher at 7S1sc, sold to TS5Sc. to 7SAe,
to T9l2c. Export engagements at New York
proved TO be fourteen boat loads. There were
no clearances to-day. just before the close
in wheat there was fourth and last bulge.
which carried prices far above previous
figures Other prices were about the outside.
Receipts were 81 ears. Corn was strong to-
day Receipts, 529 cars. Oats were quiet
1nbo
cars.
GENERAL QUOTATIONS..
The leading features ranged as follows:
Wheat-No. July opened ut 7S14c, closing
at S0Ac; August, !Glsc, closing at II&c;
September, 761sc, closing at 1lS4c; Decem,
July opened at S5lsc. closing at 81 ssc; Au-
gust. 351ac closing at 355sc: September
357sc, closing at see. Oats-No. July
opened at 227Sc, closing at 227sc; August
ing at 2aa4c. Mess Pork (per bbD-June
opened at S11.72l2 closing at S1i. .S7l3: Au-
gust. Sll.77l2, closing at S1l.95; September,
S11.90, closing at S12.02I2. Lard tper 100
lbs)-JuIy opened at S6.55, closing at
$3.50; August. S6.G2la: closing at $50;
Ribs (per 100 lbs)-July opened al 50. S2l2
closing at 500; August, 500, closing at
S602l2 September. S5.97l2, closing at S6.05.
Cash quotations were as follows: Flour firm
and generally unchanged; dealers ask 90 Ice
advance or standard grades Wheat-No: 2
spring, $40 S3c; No. ) spring. z, 012c: No.
2 red, S2@S3c. Corn-No. 2. 35asc. Oats
No. ., 2234c. Rye-No. 2, 4014c. Barley
No. 3 nominal Flax Seed-No. l, Sl.50.
Prime timothy seed, Si.40@1.42. Mess
pork, per bbl, S11. .S501l.s7l2. Lard (per
100 lbs), S6.57l2. Short ribs sides Qoose),
S5.90@5.95. D y salted shoulders (boxed),
So 512l2@5. .25. Snort clear sides (boxed).
S612l2@6.25. Whisky-Distiilers' finished
goods, per gal Sl.O2. Sugars-Cut loaf un-
changed. Receipts--Flour, Ia, 600 bbls: wheat
bu; rye. 5000 bu: barley, 5000 bu. Ship
ments-Flour. 5000 bbls: wheat. IS, 600 bu:
corn, $4,000 bu; oats, $4,000 bu; rye,
6O0O bu; barley. 2,OOD bu. On the produce
exchange to-day the butter market was firm
and unchanged. Eggs firm at l2c.