St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-20
ACTIVE AND STRONG.
Wheat on Chicago Change
Improves to a Limited
Extent.
Corn Was Firm Early, Hut
Flattened Out and Closed
Lower.
Provisions Sympathized in
Fluctuations With
Corn.
New York Bears and Foreign
Sellers Press the Market
Down.

CHICAGO July 1S.-Wheat was more active
to-day and strong most of the session. For
the first few minutes it seemed inclined to be
weak. then wabbled a little, but finally struck
its gait and sold up L2c, and held firm most
of the day. Corn held firm for short time
and then flattened out. September close d
l2c lower than on Friday. Pork. lard and
ribs had an early advance and a subsequent
decline, leaving them about at Yesterdays
quotations. The very general and in some
places very heavy rains, together with stead
Ter foreign markets, and an active demand
for export reported from New York and
other seaboards gave to the wheat market its
stronger tone. The demand for the near
months was better than it has ruled of late,
more especially for August and September.
1t was asserted that probably 70 per cent of
the receipts to be expected here for the next
two months were already placed for shipment
to Eastern millers and foreign countries.
Chicago received to-day 476 cars; Minneap-
oils, 197 cars; st. Louis 10000 bu, and
Toledo $4,000 bu. The opening price for
December was S6l2@SG5sc followed i'm
mediately by decline 10 S6SSc. IL shtfened
up then and reached S57Sc in about ali hour
from the start, with strong feeling on the
advance. 1t held up we'll, being supported
by an active demand for cash wheat and a
decided improvement in July and August,
WHICH were DOM IN gOOQ request III lne pit.
sudden drop in the price of corn and an
estimate of 535 cars for Monday weakened
wheat somewhat toward the close and De-
cember sold off 10 S6l2c, but the reported sale
from New York of CD boat loads and the
active inquiry for cash wheat steadied the
market. and the close was firm at S69ac for
December and s614c for July.
Corn was steady, and seemed inclined
TO firmneSS early in the session, shorts taking
hold very freely. September opened Ac bet
ter than it closed last night selling at $50
5315c. But the cash demand was not so urg-
ent, and prices were easier owing largely TO
the fear that shipments made now by lake
and canal cannot reach the seaboard in time
to fill sales for July. Then came the esti-
mate for 525 cars for Monday. and there was
Der broke 10 5l7sc, a decline of lac, reacted
some, and at the close was about 531sc. July
sold at SOC early, off to size, while August
fell from 55Ssc to SIC. Oats lower, mainly on
the increasing receipts of new oats. twelve
cars having been inspected to-day. July was
traded in sparingly. ana sold from 34ssc TO
35c; August sold from 2Il2c 20 271sc, and Sep
TENDER from &c to 26I2c. Two hundred and
thirty-fve cars are expected Monday. Pork
was nervously strong and firm, but lard and
ribs did not share in the strength in pork
The receipts of hogs at the stockyards were
only 5000 head against an estimate of 1900
head, and prices at the yards were 10c higher.
This started shorts to cover, aud September
pork sold from S1l20 to Sl1.50, fell TO S11.25.
reacted to Sll.35, then broke to Sl115, but at
II o'clock was Sll.150l1.20. September lard
steady at S6.5506.60, while September ribs
sold at ST. 7066.75, and at II o'clock was $3.50
bid.
the leading futures ranged as follows: