St. Paul daily globe., 1889-08-01
DISAPPOiAT ATMENT TO MANY
The July Wheat Market Closes Without
Single Sensational
Feature.
tf There We're Any Important Shorts
They Defaulted and Will Settle
Later.
Financial Operations of the Money
Kinas---The General Quo
tati0ns.

Chicago. July 31-There was no squeeze
in July wheat to-day. If there were any III
portant shorts they defaulted and Will seteie
hereafter On the contrary. there was aIter
the first hour considerable pressure to sell
July. This depressed the price from T9aic
early to 78c before l o'clock. This helped
to weaken the other futures. There was on
the whole considerable liquidation, causing
a Joss of the early advance, but prices, except
for July and December, went little or none
below closing figures last night. There was
no bearish news to speak of aside from prlght
weather, while there were number OF Dull
items Liverpool opened l2 penn hgher
for spot wheat, and futures were nr1n
and tending up for American WheaI
The receipts 279 cars, were Httie
over the estimate, and the estimate iof
Thursday was go cars. The board OF trade
cable gave an increase of $4,000 bu on ocean
passage for the week New YORK cleared
$4,000 bu, and Atlantic ports all told 1oo'-
900 Eu. At the close New YORK reported
fifteen boatloads taken for export. Phlla-
delphia reported a better export feellng, put
no business The cables and buying OF
August by Hutchinson caused the early ao-
vance Sales ranged: July. 79l2c to I94c
to 79s4c to 7Sc: August, 77Ac TO |o14c 10
774sc; September, 77c to 77Rsc to 7Ic: De-
cember, 7Ss4c to 79Ac to 7S5sc at O'Clock.
At New York exporters were reported sellers.
The trade here was entirely local, and the
end of month a disappointment to many.
The month closed without anything sensa-
tional or unusual in the wheat pit
The corn market was temporarily strong
early. The last day of the month found
some shorts in July, and the price went
To
closed at 36s4c Receipts were 395 cars; es-
innate for Thursday 42e cars; out inspec-
ton, 276 bushels shipments, 345, 900 bush
els; export clearances, $4,000 bushels. Lake
charters to-day were large-537, 600 bushels.
Oats-Receipts 114 cars; market easy and
h@4c lower There was change OF front
In provisions to-day. 1t may or may not
prove significant Prices were bid up quite
briskly, but as the business was light and
only few really wanted the stuff, it ap-
peared as if the trade bid prices up on GER
tain parties who wanted to buy products
cheap. The advance from last night at the
close was 5@17I2c on pork sc on lard and
5@7lac on ribs.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2 July opened at 79l2e, closingat
77sc; August, 7714c, closing at 77Ssc; Sep
tember, 76c, closing at 77lSc; December,
7s&c, closing at 79Isc. Corn-No. August
opened at 36l4c, closing. at 36Ac; Septem-
Der, 36Ac. closing at 361sc. Oats-No 2,
August opened at 22c. closing at 2l&ci Sep
tember, 2l7sc, closing at 21S4c; October
closed at 22c. Mess Pork (per bbD
August opened at S10.50. closing at
klO62l2; September, $10.57l2. closing at
closing at SlU.70; october, $lO. 40. closing
at Sl0.45. Lard (per 100 lbs)-August
opened at Sc, closing at $6.o712; Sep
tember, S6.15, closing Sc I'M; October.
So l7l9. closing at S6.17l2. Short Ribs (per
100 lbs)-August opened at s5.35, closing
at $5.42H2; September, S5.45, closing at
$5.52I2 october, S5.45. closing at 80. 52i2.
Cash quotations were as follows: Flour
dull and unchanged. Wheat-No. 2 spring,
77s@7sc; No. 8 spring, 79679c; No. red,
77B7Sc. Corn-No 2, 365Sc. Oats-No. 2,
21Bc. Rye-No. 2, 43c. Barley-No. NOM
inal Flax Seed-No. l, Sl.33l2. Timo-
thy Seed-Prime, Sl.43. Mess pork, per
Dbl. S1O.62@1O.7O. Lard, perl1O0 lbs, S6.o5l2
06.1O. Short ribs sides Qoose), S0.4O0
545. Dry-salted shoulders (boxed), So. l2l2
@15.25. Short clear sides (boxed). 50. 62l2
@5.75. Whisky-Distillers' finished goods
per gal, S1.O2 Sugar-Cut loaf unchanged.
Receipts-Flour. 1900 bbls; wheat. 2l1-
600 bu; corn, $4,000 bu; oats, $4,000
bu; rye, 5000 bu; barley, 1000 bu. Ship
ments-Flour, 5000 bbls; wheat 10000 bu;
corn, 345, 900 bu; oats, 1868, 900 bu; rye,
1000 bu; barley, 1000 bu. On the produce
exchange to-day the butter market was fairly
active and unchanged Eggs quiet at lie.