St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-27
BEARS HOLD TRUMP CARDS
Northwest Weather Reports and Wheat
Cables Cause a Slump in
Wheat.
The Break Brought About Chiefly
by Selling by Old
Hutch.
Financial Operations Of the Money
Kings---The General Quota
tons.

Cu1cAGo. July 26-The wheat market be-
fore noon promised to be tame. 1t proved
very lively before l o'clock. At the opening
prices were slightly lower than last mght
with july off S4c to SIC. There was no ue-
cided lead either-way for time, except that
July was run up TO S3c with about Ac au-
vance in other futures. Cables came weak
again this morning, and that alone pre-
vented the bulls from at once regalnlng the
loss of Yesterday. The dispatches from the
Northwest were conflicting. Baker and oth-
ers had advices contradicting the beansh
estimate on Minnesota and Dakota crops sent
broadcast yesterday. The reports indicated
clearing weather in Illinois, Missouri ana
Kansas. The wheat movement was not sig
nificant. Receipts here were 2uS cars WIN
$50 cars new, of which but ~ cars graoed
No 2. ST. Louis received 119,00o bu ana
shipped $4,000 bu. Receipts III the Nortn-
west were not equal to shipments New York
cleared 10000 bu wheat. In this market
BRYANT bought round lot, and Hutchinson
bought July here and August i'll other mar
kets. With these conditions July held around
63c, August, 7s84c; September, 78Ac; and
December, Soc About midday break came.
Hutchinson stopped buying. The weather
reports came more favorable on this side
and from ABROAD The estimate for
Saturday was announced at 2O5 cars
the largest of the week. Liverpool clos
ing cables came lower. There was drop III
July to SOs4c August to Use september to
77ssc and December to 79c, with reaction
in July to Sic ana in December to 79SSc be-
fore l o'clock. There was little change in
wheat during the last fifteen minutes ana
closing prices were not far from the bottom.
The corn market was independent of all else
today and showed some strength early, put
closing prices were about the same as laSt
night. Liverpool cables were somewhat
bearish, but the demand for cash corn and
for July overcame this, and prices were tenn
porariy advanced The weather also helped
the buying side. Receipts were 423 cars.
Oats were dull and neglected. Receipts 81
cars. Provisions were weak, especially pork,
and prices yielded readily OH light sales. The
feature of the trade today was the sale OF
5000 barrels for January at $40 on the
morning call. Pork declined 10@3Oc, lard
212@5c and short ribs 2l2@5c.
THE QUOTATIONS.
The leading futures ranged as follows:
Nheat-NO. 2, July, opened at SIC, closing
at Sic; August, 7s5sc, closing at Use;
September 7S7sc. closing at 7Il2c: Deem
Der, 797sc, closing at 79Ac. Corn-No: 2
August, opened at SEC, closing at 355sc;
SopICUlDeT. 0OC. ClDSlllS ut ~ eC OOUOpSIi
36Mc, closing at 36e Oats-No. 2, August
closed at 217sc: September closed at 81 75c;
October, opened at 22sbc, closing at 22ssc.
Mess Pork (per bbl)-August, opened at
SlO.S2l2 closing at 5000: September,
81 90, closing at S10.s0; October, sos ",
closing at Sl055. Lard (per 100 lbs
August closed at S6. 12l2 September opened
at S622l2. closing So. p; october, SUPP;
closing at So 20. Short Ribs (per 100 lbS)-
August closed at So 42l2; September
opened S5.4712 closing at $3.50;
october, S5.47I2, closing at So; 4712;
Cash quotations were as follows: Flour
Quiet and unchanged. Wheat No. spring,
Sic; Nos spring, nominal; No. red, sic.
Corn--No. =, 36$s@36I2c. Oats-No. 2, 22Ac.
Rye-No. 2, 42l2@43c. Barey-No. nomi-
nal Flax Seed-No;, /, 81; 33l2: Prime
timothy seed, Sl.43@l.43 Mess pork, per
Dbl. $40. 75@lO,9O Lard, per 10 lbs S6:15
RG.17l2. Short ribs sides loose. So. 10000;
dry sailed shoulders, boxed, s.. l212DS 20;
short clear sides. boxed. S5.75G3 S1l2. Whls-
kydistilers' finished goods, per gal, S1.O2.
Sugars-cut loaf unchanged. Receipts
Flour, 900 bbls; wheat, $4,000 blu; corn,
1876, 900 bu; oats l75, 900 pu; rye, 10000
bu; barley 1000 bu. Shipments-Flour,
1000 bu; wheat II 900 bu; corn, 257,-
900 bu; oats $4,000 bu; rye, $1,000 blu;
barley, none. On the produce exchange the
butter market was fairly active fancy
creamery l601GMc; fine, 13l2@l4c; finest
diaries. l10l2c; fair to good, 9@lOc. Eggs
quiet, 1lMl1l2c.