St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-06-20
BEARS PROFIT BY FLOODS
Rain Takes the Weather Props From
the Wheat Mar
ket.
As Consequence the Market Says anu
Drags to the
Close.
f,nerations of the Financiers in the
Monetary Ceniers---The General
Quotations.

cH1cAeo. June, i9.-The wheat market 1or
today much different from that indicated
nj the opening The weather maze All ao-
yances for week on too much ram III ..ie
Southwest and the drouth in Dakota. Inc
early dispatches to-day reported clear anu
driving weather where excessive rains nave
been. and left no doubt with the trade tha'
the dry regions of the Northwest hao oeen
we'll wet down by heavy rains during the past
forty-eight hours This took the "ea'net
nrons from the market Wheat opened asc
nnder last night at 77Isc. and sold at once at
T=sse. St Louis and New York and Toieuo'
however, opened cut Ac lower on the SAINT
news Two or three times July sold IN tnls
market between 77lsc and 71slc. and ABOUT
II o'clock some concerted buying by prom
inent houses put the price at 7S@ISlsc. or a
shade under the close last night Hutchln-
son was a buyer at the bottom, and hopeu
TO turn the market, but when the Top
was reached he turned it again by selling, II
was claimed, about 300,OOJ bu. From this
the price dragged slowly down to ''ssc at
O'Clock. Among the best buyers on the ao-
vance from 79l2G1Sc were W. u. Meoof-
mick K Co., Baxter and Boyd Bros. oh Tue
m turn August sold 74ssD1oc' SepteIhoel,
74s4675Ise, and all futures yielded Small
fractions later with July. New y ork reported
sales of about 5,O00.OOa bushelS arouhu
Sos4c and SSc with the trade evenly pal
suced. Export clearances included oo,o"o
bushels wheat aud 12,OOo parrels Oh iioui.
DISPATCHES were received here saying that
South American agents were negolia'ius ioi
ohout 30 900 barrels of flour al New York.
Some new wheat was sold at kansas olt! "
he delivered next week. The market prom
hnftn
prices. There was no bull news to hold the
lynaat market. and it dragged 10 the close.
Corn stronger and ls@1.c higher on reports
of crop damages. Oats firm and lSc higher
for the nearer futures. Receipts of grain
were is cars wheat. POS corn and IL cars
oats by rail and 10000 bushels by canal.
Pork was fairly active snd closed &c lower
Lard and ribs were dull and l2@5c lower.
GENERAL QUOTATIONS.
The leading features ranged as follows.
Wheat-No. July opened at Z .l2e, closing
at 77I2c; August 745se, closing al Ioc'
September Use, closing ,!I,o at r ror; Wen
July opened at 34ssc, closing at :34esc; Au-
gust 3lS4c. closing at SOC: September, 80 =
closing at 35ssc. Oats-No. 2 July opened
al 225sc, closing at 22S4c; August Ill2c,
at 9aisc' Mess Pork per bbD-July opened
at SLIGO closing at S1i.57l2: August.
$40, closing at s11.65; sep psl 1eG
81 so, closing at Sill 70. Lard tper loV
ibs9-JuIy opened at S6.52l2 closing at
s5o augg 20 ss eSns eos s &c. g. Short
Ribs 1per loo lbs)-July opened at 50: 71l2,
closing s5s A A. aa1 q c1osne eia at
Cash quotations were as follows: Flour un
changed. Wheat-No spring Iad s 8 @solsc
Corn-No. 2. 34Iac. Oats-No. ., 22l2c. Rye
No ., 4oc. Barley No. =, B BGne;
timothy limo seed. " s1.2s. Mess pork,
yer bbl sll:55@nGo. Lard l 5er 100 3oo ies)
S5.75@5. so. Dry sailed shoulders (boxed('
s5l2l2@5 25. Short clear sides foished
goods per gal S1.02. Sugars, cut loat'
95s@lqe gTanulated 9sse ooo s hh1s abe at
1000 bu: corn, 266,OOO hu; oats. LIB, 0oo
bu; rye, 5000 bn ad barley. 5000 6u IN. mp mp
corn. $4,000 bu; oats, $4,000 bu; b riley,
5000 bu. On the produce exchange today
the butter market was firm and unchanged.
Eggs firm at &c.