St. Paul daily globe., 1889-06-27
SEE-sAW AND NOBODY HURT
The Wheat Market Bobs Up and Down
Like a Jumping
Jack.
a Bio Bulge Followed by Weakness, and
Stop Orders Cause Another
Advance.
Financial Operations Of the Monetary
Kings---The General Quo
tati0ns.

CH1cAso. June %. The wheat market was
excited all day long. The bull news OF yes
terday and the action on the curb caused
higher still opening this morning. There
was not during the morning any 1resl puii
news except the influence of cables. whlch
gave spot wheat one penny dearer AT Liver
pool, and futures strong and tending up es-
necially for American wheat. The trade
here differed from that of yesterday, being
subject to violent reactions. There was more
prominence given to July also, and that tut
ure tiuctuated much more widely than any
other As stated, the opening was nlgner,
with July Sac over last night at Sic, ana De-
rember l2c higher at S04c After a dip TO
SOiac far July, Il bulge to SCS4c, second
drop to ST ssc, the price scared TO slssc
the first hour. Other futures declined from
the opening, and bulged again with July, but
did not get above first figures. AT the al
vance there was very heavy and very per-
sisteut selling which filled the crowd up.
but it was an hour later when the market
broke down to 797sc for July, snd 79lsc for
December Bryant, Linn and George Smith
were free sellers on the bulge. and New York
selling orders helped cause the sharp de-
cline The weakness was as temporary as
the early strength, for second advance set
in after 1890. which carried July to the top
poipt again. Slssc, before l o'clock. De
cember also sold up to the best figure OF the
morning. The pit was unusually ex-
cited. Export clearances to-day were
good. and helped on the bull feeling
-l55, 900 bu OF wheat and $4,000
bbls of -four Receipts were IS ears. Corn
was fairly steady and closed at about yester-
DAYS prices Receipts were 293 cars. Oats
were quiet and a shade lower than yesterday.
Receipts were 100 cars by rail and 10000 bu
by canal. The provision market started very
firm to-day on the good cash demand. the
tirmer feeling for the products abroad, and
the higher prices for hogs at the stock yards.
The market continued strong, with slow ad-
vances in prices all day long. The packing
companies bought short ribs. The trade gen.
orally felt bullsh. and there was much COW
ering of short stuff in quiet way. Last sales
show pork DC higher than yesterday close,
lard 12c and short ribs 2la@5c higher.
GENERAL QUOTATIONS..
The leading features ranged as follows
Wheat-No. = July opened at So7sc. closing
at S1≻ August, 7SAc, closing at 79l2c:
Der, s04c, closing at s1asc. Corn-No,
July opened at 35ssc. closing at 35ssc; Au-
gust, 357sc, closing at 355sc; September.
36lsc. closing at 36lsc. Oats-No. July
opened at 221Sc, closing at 22a4c; August
22s4e, closing at 22asc; September, 227sc, clos
ing at 22ssc. Mess Pork (per bbl)-July
oUened at S11. .92la. closing at S1i .92l3: Au-
gust. Sl1 92l2 closing at S12; september.
Sl2.05, closing at S12.O7l2. Lard tper 100
lbs)-July opened at $6.62l2 closing at
s6.e2l2; August, 500, closing at s6.724s;
September, $3.50, closing at $3.50. Short
Ribs (per 1GO lbs)-July opened at S.. 90.
closing at Sc; August, S6. closing at S6O5;
September. S6.1O, closing at Sc. 12l2.
Cash quotations were as follows: Flour firm
and unchanged. Wheat-No spring, $50
Sic; No. spring. 75@76c; 2 red, s3@s4c.
Corn-No. 3. 35ssc. Oats-No. ., 22ss@
22s4c. Rye-No. 2, 4lc. Barley-No. 2
nominal. Flax Seed-No. l. S1.50. Prime
timothy seed. $1I45. Mess pork, per bbl
Sl1.95@12. Lard (per 100 lbs). S6.G2l2
Short ribs sides (oosel, s6@6.O5. Dry
salted shoulders (boxed), S.. 25@5. Sig
Short clear sides (boxed). $625@6.37l2.
Whisky-Distilers' finished goods, per GAL
$I.O2 Sugars-Cut loaf unchanged. Re
eipts--Flour, 81 900 bbls; wheat, 1000 bu:
corn, 2l5,OGO bu; oats, 1?7,O0O bu; rye,
1900 bu; barley, 1000 bu. Shipments
Flour, 10000 bbls; wheat. $4,000 bu; corn,
256,O00 bu; oats. $4,000 bu; rye, D.,
900 bu; barley. l,OOo bu. On the produce
exchange to-day the butter market was firm
and unchanged Eggs firm at l2l2c.