St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-27
NEWS WAS BULLISH.
Wheat Was Strong in Early
Dealings as a Conse-
quenee.
Cold Weather and Talk Of
Frost Gave Strength to
Corn.
Oats Quiet, Hog Products
Higher and Provisions
Firmep.
Wall Street Markets Uncer-
tain and Without Special
Feature.

CHICAGO, July 25.-Wheat showed q good
deal of strength during the early part OF the
session, the news having decidedly bullish
coloring. The receipts were largely below
the estimate, and cables generally reported
better tone abroad. A private dispatch from
Antwerp said: Market stronger on inces-
SAINT rains Rain was also reported through
out the Northwest. Counselman had dis
patch from New York saying that all offers
of wheat yesterday were accepted by foreign
ers, and that 119 boatloadS were sold for eX-
port by the out-ports yesterday. Minneapolis
reported large sales of flour for export, and
Bradstreet's reported the wheat and flourex-
ports from both coasts last week at $780, O00
bushels, against 100000 bushels for the
same week last year. There was also some
talk of probable frosts in the Northwest,
which also helped to develop strength.
A cable from Liverpool brought the Corn
Trade News estimate of.the supply and re-
quirements of the world for the ensuing sea-
son. making the wants 10000 bu, and the
supply, allowing 152 000 coo bu from America
at 49,, 100000 bu, leaving deficiency OF 32,00O,-
600 bu. The shortage i'll the Russian rye crop
was estimated to be 250,000,O00 bu, and that
of Germany Is, 000.0 C0 bu short. All of these
gave strong turn to prices, and, with light
offerings and a good short demand, Deem,
Der sold from SSl261SSS4c to tS9Ssc. 1t held
around soc for time. when there was free
selling by Logan, Boyden and White. This
checked the advance, and then came the estl-
mate of $50 cars for Monday, when weakness
set in and the price went off to Ss58c, and
closed at SS7sc. At SG@s94c Partridge
bought little wheat openly, but 1t was gem
orally thought that he was selling heavily
through brokers' Al any rate, he was very
good buyer Oh the subsequent break.
Corn was strong, chiefly on the continued
cold weather and talk of frost. There was
little freeze last night at ST. Cloud, Mimi,
but without damage. Shorts were nervous,
and with the offerings light, prices were bid
I'D from the start. September opened at
54S4c. sold up irregularly TO 55l2c, then, on
the estimate of $40 cars for Monday, broke to
55Isc, and closed at 5514c Cash corn was in
sharp demand and higher, shippers paying
61I2c for No ., and 64c for No. yellow, and
everything was sold readily Hately Bros.
bought q good deal Of corn. Baldwin d
Farnum were also buyers, and Partridge was
credited with covering a good line of shorts.
Oats were quiet and generally easy, with very
narrow fluctuations Hog products were
strong and higher. Live hog receipts only
5000 head. The strength in corn strength
ened provisions. The Anglo American Pack
ing company bought lard, while Wright and
Ryan bought ribs freely. The general crowd
also seemed on the buying side, probably
covering short sales. September pork started
at Sll. As, touched Sl1.40, advanced to Sl1.6
fuctuated within that range and closed at
S11.4TI2.
THE leading futures ranged as follows: