St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-14
DULL, WEAK, LOWER.
The Public Is Holding Aloof
From the Declining
Market.
Not Enough Life in Wheat to
Fluctuate With Vim in
Any Way.
Corn and Provisions Were
Firm and Brisk at the
Close.
Wall Street Market Firm,
But Utterly Without
Feature.

CHICAGO, July 13.-The dullness in every
thing dealt in on the board apparent on Sat
urday continued to-day. The outside pub
lie. as usual when values are declining, is
holding aloof; the brilliant crop prospects
serve TO discourage bull investments and the
bears have their eyes turned toward Russia
and India, where much damage is reported,
and do not dare to enter upon an aggressive
campaign. Wheat opened dull, weak and
lower, and there was not life enough in it to
fuctuate with any vim in either direction.
The feeling was undoubtedly 5earish, how
ever, and but for purchases by Partridge
and others to cover short sales it would
doubtless have gone lower. The weather
map showed favorable conditions for the
winter wheat harvest, with heavy receipts of
an excellent quality of new wheat at all
winter wheat markets. Receipts of wheat
here were 30j cars: of which 276 cars were
contract. Toledo received 233 cars. of
which 2l0 of them contract. st. Louis got
1ll,000 bushels and Minneapolis reported 2e3
cars. English markets were reported one
penny off.
The free arrivals with prospects of steady
increase, had depressing effect most of the
session. Later, however, when the returns
from the visible supply points began to come
in, giving indications of a big decrease. the
market became a little firmer, but was he'd
in check by the large estimate-575 cars-for
tomorrow. In addition to Pardridge's pur-
chases to scalp profit on his shorts, Logan
and ). V. White were fair buyers. while Bax-
ter and Baldwin sold freely. Outside of the
transactions by these firms business was ex
tremely sluggish. Even the local scalpers
could see no margin of profit under existing
conditions and remained quiet while the
representatives of commission houses sat de.
jectedly on the top step of the arena and
talked in whispers of the orders which never
came. The market held within range of
SS0SSssc till within ten minutes of the close,
when it fell to S7s4c and closed there.
Like wheat, corn started dull, weak and
lower. The offerings were liberal enough,
but the demand was meager The favorable
crop weather, the weakness in wheat and
the prospect of large receipts, and lower
cables were the superinducing causes. 1t
declined for time, then, on indications of
colder wea b 1r, coverings by shorts, q sharp
demand for cash corn and smaller estimated
receipts for tomorrow, there was a sharp
advance, but all of ii was not held until the
close. September opened at 50s4c, sold to
505sc, advanced to 517sc and closed at slice.
Oats were dull and steady with fluctuations
confined within a range of S8c for Septem-
Der. Provisions were firm on the hog market
at the yards ana a good line of outside buy
ing, and later in sympathy with corn, Sep
TENDER pork started Zee off at Sl042l2 adj
vaneed to $1,000 but receded to $780, the
same price rs at the close Saturday. Lard
closed 2I2c lower and ribs sc higher
The leading futures ranged as follows: