St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-25
lNClINED III BIT WEAK
Chicago Wheat Pit Sentiment
Was Bearish Most of the
Session.
Cold Weather Reports From
the Northwest a Source
Of Strength.
Corn, Oats and Provisions
We're Unsettled Nearly
All Day.
New York Stock Market Is
Still Stagnant--Dun's
Review.

CHICAGO, July 24,-Wheat was inclined to
weakness the most of the session, the local
sentiment being somewhat bearish, but the
outside news had good many strong feat
ures, and the weak tendency was held in
check. The Liverpool cables quoted spot
wheat 12d higher, but futures were I'D lower.
while London was somewhat higher. Cold
weather in the Northwest led to some talk of
possible frost to the great injury of wheat in
that locality, and the early prices showed a
trifing advance from last night. Among the
early continental cables was one from Paris
quoting wheat there y franc lower and flour
1 franc lower. 5 V. White and Logan both
sold freely on the advices, and the scalping
element quickly fell into line and for a time
the market had a very weak appearance,
and December, which had sold early as
high as SSs4c, broke to s77sc. st.
Louis and the Northwest sold a good deal
on the down turn. Bryant then began to
cover big line Of short wheat and New
York buying orders came in, and this de-
mand, with more talk of frost in Wisconsin
and the far Northwest, turned the tide and
there was rally to S3Ssc. Free realizing
broke the price to SS1sc but there was
another rally to SS12c. The receipts here
were about 80 cars above the estimate, and
St Louis and Toledo also had heavy receipts.
The market was quiet and steady in the
afternoon, fuctuating between SS1Bc and
SS12c and closing at SSS8c, the opening figure.
Corn was rather unsettled, having a very
weak spot soon after the opening, but then
turning quite strong and holding most OF the
advance. The local receipts were about so
cars below the estimate and the opening was
rather firm, September selling at 54GD54Ac;
then, on the weakness i'll wheat and provis
ions and free selling by 5. V. White q
Co.. there was decline to 539sc.
Later, Balwin & Farnum and one or
two other houses began to buy, and with
cold, unfavorable weather reported from the
West, and wheat and oats developing some
strength, September sold up to 547Bc. During
the last hour the trade was quiet, with fluctu-
atoms between SAC and 54I2c, closing at the
latter figure. Cash corn was in active de-
mand, No. 2 selling at 60@60l2c and No.
yellow up to 63c.
Oats were again quite unsettled for July.
The first sale was at sec, but long property
being offered freely and 30 cars of new oats
being inspected in, nearly all being No. 9,
broke to 33l2c, reacted TO 35s4c then became
steady around 3j@D35l2c. but closed at 3534c.
hog products were weak and lower. Live
hogs at the yards were 5DlCc off, and there
was free selling OF pork with Milmire Bod
man i'll the lead. ana the mark for September
pork went from 81. 40 to SLIPS. At this
point the shorts stopped the downward
movement by covering, and carried the price
to the opening figure at the close Cudahy
and Geddes sold lard and ribs. The changes
from yesterdays last prices were insignif
icant at the close.