St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-07
BIG DEALERS ARE BEARS.
Hutchinson, Schwartz-Dupee ct al.
Make a Raid on the Wheat
Market.
Closing Prices Lowest of the Day, and
Halt Cent Under
Monday.
Financial Operations of the Money
Kings---The General Quota
tons.

CHICAGO, Aug. 6.-The summer dullness Is
slow to settle on the wheat marker. IL tne
market is extremely quiet Tor TWO hours ING
croakers say it is in a rut But thls seasoh
conditions permit of no rut and no stagna
lion I'D to date. The market opened STEADY
today. with the local crowd bearlsh. Ger
tain bull influences not only sustained, put
advanced prices during the morning. Flrst
Liverpool cables gave spot wheat ll2d GEAR
err. with futures strong and prices tenolng
inward for American wheat, Second, the
receipts at st. Louis were disappointing,
only $4,000 blu. Third, the cash demand
here was again under the market, with NC
premium over August for No. red. Whlie
receipts here were liberal, SOB cars, IL ap-
peared that only LAG cars graded NO. Z.
The out inspection was another FACTOR
ageregating us, 900 bu, of which 124.OOo Du
Ihowed as No. red winter. Against these
bull arguments there was not substantial
bear item up to noon. August sold at 1850
775sc; September 7712c; December 1850
79Isc Hutchinson and Schwartz-Dupee
were carly sellers, followed by the crowd,
who PLAYED for a down turn. About MIDDAY
Geddes got q cable giving BAD decline at
Liverpool, with q better weather report. On
This and the local bearish feeling August
went off to nc, September to 76S40I6
December TO 7S4sc, reacting to TS1sc, ana
again dropping TO 1850 at l O'Clock. Farls
sent firm closing cables, and 1t was estimated
that $50. 900 bu of cash wheat had peen
aiken here before the close. wheat showed
DOOR strength at the close, and last prices were
very close TO the bottom for the day and from
nc to Sbc under last night. Corn was hrm, put
.he range of prices was narrow. The demand
Tor October corn was particularly good.
Liverpool quoted corn Bad higher, ana
local shippers continue to buy the cash artl-
eIe Receipts, 1,044 cars. There was
good general trade i'll oats. Quite number
Of small shorts were buying. Prices ranged
little firmer than yesterday. Receipts, 5lo
cars Withdrawals of grain from store were
I65, SO bu winter wheat, 12,69O blu spring,
1876, 493 bu corn and 55434 blu oats. the
provision market was more active than usual
today, and there was contest for the con-
troll Hogs at the stock yards were estimated
1t IL 900 instead of IA, 900 expected. There
was active buying and prices there were DC
higher This had the effect of opening pro-
visions strong and 21s@1Oc higher After
llight raid by sellers there was second
bulge, which put prices of all products 10c
over last night. Later in the day prices were
irregular anu at Iuc Clooc InO gums O'Ni ''so0
night were: Mess pork, sc; ribs 7l2c; lard,
Zoe.
The leading futures ranged as follows:
Wheat-No 2 September opened at 11s8c,
closing at 1850; December, 79c, closing
at 7S34c; year, TIC, closing at 76Ssc. Corn
NO. 2 September opened at 35Isc closing
at at 36l8c; October. 36lsc, closing at
36Ac; December closed at $3.50. Oats
No September opened at 2084c. closing
at 2O4c October, 20&c, closing at 207sc;
May, 24asc. closing at 24l2c. Mess Pork
(per bbD September opened at 5000,
closing at Sl0.G5; October S10.45. closing
at S10.47I2; year, $685., closing at So.
Lard per 100 September opened at
Sc. 27I2, closing at S6.35: october opened at
Sc. 80, closing at $3.50; year, Sc, closing at
SG.02l2. Short Ribs (per 100 lbs)-Septem-
Der opened at S5,45' closing at s5:47H2;
year, s455, closing at $1,000.
quiet and unchanged. Wheat-No. 2 spring,
77I2c; No. 8 spring wheat. nominal; No. 2
red, 7712c Corn-No. 2, 36ssc. Oats-No.
2, 2084c. Rye-No. 2, 42l2@43c. Barley
nominal. Flaxseed-No. 1, $l.25. Prime
timothy seed, $l.42@1.43. Mess Pork-Per
Dbl. S10.65@l0.70. Lard-Per 100 lbs,
s6. 80. Short ribs sides tloose), So. 400
$50; dry sailed shoulders boxed, 81. 8712
%; short clear sides (boxed). 5.T5@5. S712.
s1.U2. Sugars-Unchanged Receipts
Flour, 5000 bbls: wheat, l67, 900 bu; corn,
B32, 900 bu: oats 294, 200 bu; rye, 5000 bu.
Shipments-Flour, 1900 bbls: wheat 7S,-
00J bu; corn, 100000 bu; oats, $4,000
bu; rye, LOCO bu. On the produce exchange
to-day the butter market was active for first
grades and unchanged. Eggs better, at 11l2c.