St. Paul daily globe., 1889-06-24
THE BULLS LACK NERVE.
Hutchinson and the Gang Dump Large
Holdings, and the Wheat Mar
ket Says.
Bears Head Off a Movement to Boost
the Market by Stop
Orders.
Doings Of the Money Kings on Wall
Street.-The General Quo
tati0ns.

ca1cAeo, June 22.-The wheat market
started with promise of strength and act
ivity. An hour before the session was ended
both had fairly petered out Even at the
opening such news as was to be had was Of
conflicting character. Cables were firm
and higher, and encouraged the bulls, while
clear and fine weather was reported in the
entire wheat belt of the Southwest, which
encouraged the bears. The crowd lacked
nerve to do much but follow a few leaders.
There was little squirt of buying at the start
and July sold 7S4c and touched 7SA@7 1890.
This was the top for the day. Jones-Ken-
nett became prominent sellers. They sold
from 7SI4 to 77sac. Hutchinson was seller
early also. S. V. White & Co. were sellers OF
December. July went off to 77ss@774c,
and December to 77lsc. Hutchinson
then turned heavy buyer, TAX
ing more than he sold early.
The reaction was not strong, and July
after getting to n 7sc went Off the second
time about noon to 77l2c. December rallied
to 77ssc and went off to nc. Then the pit
was so dull that little sensation was possible.
1t was estimated that the visible supply will
decrease 1,OOO, 900 bu or more for the week.
New York dispatches reported the trade
there bearish, but cautious, with exporters
Indifferent. New York cleared no wheat and
less than 1000 bbls of flour. Liverpool
closed 1 wheat quarter penny higher. There
was slight rally in wheat from bottom
prices before the close Receipts were Ii
cars Corn. was dull but strong, and closed
ls@Ac higher. Receipts were 232 cars. Oats
were dull and unchanged. Receipts were
153 cars. Provisions were quiet, and prices
closed without change from yesterdays fig
ures in pork. Lard was 212c higher, and
short ribs 2lac higher for July and August.
GENERAL QUOTATIONS.
The leading features ranged as follows:
Wheat-No; July opened at 7sAc, closing
September, 75Ac, closing at 75Ac; Decem-
ber, 77ssc, closing at 77ssc. Corn-No. 2
July opened at 347sc. closing at 35c; Au-
gust, 35ssc, closing at 351sc; September.
9oansd 91e closing a c at cosns at ae
225sc, closing at 22asc; September, 22asc, clos
ing at 226sc. Mess Pork (per bbl)-July
ouened at S11.75. closing at S1l: :72l2; Au-
gust. $11.75, closing at S1l.9O; september,
lhs)-July opened at $6.55, closing at
$6.55; August $6.62l2, closing at $6.62b;
September, SEQ, closing at $3.50; Short
Ribs (per 100 lbs)-uly opened at s.; 92l2,
closing at $3.50; August $50, closing
Cash quotations were as follows: Flour un
changed. Wheat-No. 2 spring, 79Mc;
cornDNo. 3, s5c. oats-No 2. 22s4c.
Rye-No. 2, 4Ol2c. Barley-No. 2, none
timothy seed. s1.s6@1.3s. Mess pork, per
Dbl, Sl1.7O@1l.75. Lard (per 100 lbsl,
S652l9. Short ribs sides Qoose), S5. sO@
5.S5. Dry salted shoulders (boxed),
So. 12l2@5 25. Short clear sides (boxed).
So l2l2@6. 25. Whisky-Distiilers' finished
goods, per gal sI;o2 2oo Sugars % unchangsd; Soa
bu; corn, 10000 bu; oats, ll7,OJU
bu; rye, 1000 bu: barley, 1000 bu; ship
ments-Flour, 10000 bu; wheat 39, 600 bu;
corn, 665, 900 bu; oats $4,000 bu; rye.
41.OOO bu; barley. 5000 bu. On the prod
firm and unchanged. Eggs, l242c.