St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-05
THE BULLS LACKED NERVE.
After an Early Bulge in Wheat, Shorts
Took Command,
MAKING JULY THE LEADER.
Che Stock Market Stronger, With the
Exception Of Northern Pa
CifiC.

CHICAGO June For a time To-Day Tue
outlook to-day was quite favorable for pun
market in wheat but the strength vanished
about uoon and at l p. m. July the lee'uhs
future sold at the lowest figure up 10 thal
hour. 15c. The action in July was Iolsc, 10
75lac. to 75i4c, to 75lac, to 13ssc, TO zoe at
1o'eloek. September sold 74ls@ I4l2c. The
market was largely professional. Although
cables were not encouraging, there was a re-
port of foreign bIying at New YORK ms
with some adverse crop reports from the
South, caused the advance. Later, buying
orders frsel New York were eontermandeu'
and the trade here quickly sold out early
purchases and let prices down. Callforhla
DISPATCHES complained of hot WINDS, ana
brought some buying orders. Ten minutes
before the close July wheat was at the OPEN
ing price 75Isc and the pit quite dull
There was no material change in wheat at the
close. There was Il good. active, strong mar
ket in corn early, with weakness before the
close. and last prices the same as on Monday.
The early strength was IN the enormous out
inspection of $4,000 bu, of which over
100000 bu was No. 2 grade. Shipments
were SAC, 900 bu Export clearances were
quite light at New York, but quite liberal at
New Orleans. Receipts were 7S2 cars.
THE ROUTINE REPORT.
CHICAGO June "A moderate business
was transacted in wheat to-day and the mar
ket was rather steady, with the feelings al
times rather strong. The opening Tor July
was a shade under yesterdays close, adj
vanced Ss0l2c, sold back TO inside hsures,
and closed about 1sc lower than yesterday.
The frmness and early advance was at
tributed to fair buying influenced by the
continued cloudy and rainy weather. ana the
receipt of some not altogether favorable crop
reports from various winter wheat points:
Corn opened at about the closing prices OF
yesterday. was firm. and advanced ss0l2c,
shorts buying freely, but offerings soon be.
came larger and the market reacted, ruled
steady. and closed Il shade higher than yes
terday Oats opened tirmer at slight ad,
vance but soon declined 1@SSc. and closed
quiet at about inside figures. Hog products
were steadier early in The day ana hlgher
prices were realized. Later the market
showed signs of weakness, and prices grad,
unlly receded again, and the market closed
rather tame.
GENERAL QUOTATIONS.
The leading futures ranged as follows:
Wheat-No July opened at !5lsc. closing
at 15lsc: August opened at INC, closing AT
74c; December opened at 1850, closing at
737sc year opened at 734c, closing t13l2c
Corn-No. July opened at 34lsc, closing at
341sc; August opened at 34S4c, closing at
345sc: September opened at 351sc. closing
at 35c. Oats-No. ? July opened at 22ssc
CLOSING at -A4C, september OPSHSu ~
2z7sc. closing at 22l2c, Mess Pork (per bbD
July opened at S11.SO, closing at SLID;
August opened at 81 SIZE, closing, )! l SIP ;
September opened at S11.90, closing at
S11.s7l2. Lard, per 100 lbs)-July closed at
S672la; August opened at S6.7o. closing at
S677l2; September opened at S6.S2l2 clos
ing at So. S2l2. Short Ribs (per 100 lbs)-July
opened at S5.7712, closing ut So: so: August
opened at 5.s7ls, closing at So. So: Sep
TENDER opened at $3.50, closing at $3.50.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. spring.
766T6l2c; No. 8 spring, none; No. red
76@76l2c. Corn--No. 2, $3.50. Oats--No
2, 2Is4c. Rye-No. 2, 3sc. Barley-None
Flax Seed-No. 1, S1.5S. Prime timothy
seed: sl.22@1. IS. Mess Pork, per BIB Dbl :
S11.75@11.SO. Lard, per 100 lbs So. 62ls@
665. Short ribs, sides Qoose). $5.75@5.sO
Dry sailed shoulders (boxed). S5.l2l2@5.2 %
Short clear sides (boxed). S6@6. 1919. Whisky
-Dstillers' finished goods, per gal, 81. OF.
Sugars-Unchanged. Receipts-Four, IT,,
coo bbls; wheat, 1900 bu: corn, 554, 600
bu; oats, $4,000 bu: rye, 5000 bll; barley,
5000 bu. hipments-Flour, 5000 bbls;
wheat, 12S. 900 bu; corn, $4,000 bn; oats,
$4,000 bu: rye. 1000 bu; barley, 1000 bu.
On the produce exchange to-day the butter
market was firm: fancy creamery, 15l2@
16l2c: choice TO fine. 12la@15c; fine diaries
12@13l2c; fair to good, S@lOc. Eggs firm;
12n12I2c.