St. Paul daily globe., 1891-06-11
STORE AND BAR FIXTURES
FINANCE AND TRADE,

CHICAGO, Iune 10.-The corn pit was the
center OF attraction on the board OF trade to-
day, and specu lators from the other pits
foe ked to that point to take q hand in the
proce edings. There was big slump in the
prices in the early trading, followed by a
partial recovery. Wheat was dull. with
nothing of Importance doing until near the
close, when business picked up a little.
rice changes were confined 10 extremely
narrow limits most of the session. Operators
were inclined to hold off for the government
crop report, due at O'Clock in
the afternoon. There was not much
news, nor Of very important
character to influence values Early
cables showed dull markets without much
change in values abroad. Advices from the
Northwest told Of fine growing rains in that
section, but this news was neutralized by the
signal service notice of the development of a
col wave, with frosts extending over Da-
kota, Minnesota, Kansas, Iowa and Nebraska
Thursday night. A strong point was made
by the bulls Of the, Michigan crop report,
showing loss of ten points in condition
since the last previous report and the state
ment that the acreage Of winter wheat in
Indiana was 20 per cent less than
last year, but this did not have
much credence. Reports were re-
ceiVed from Kansas claiming that
wheat was affected by rust on account of re-
cent rains Bradstreets reports OF stocks
east of the Rockies showed a decrease of
l, ,392, 600 bushels, aud west of the Rockies
and the Pacific coast showed no change. The
export clearances from four ports of wheat
and flour were rather larger, and arrivals in
the Northwest were fair July opened at
9S@sc. sold off to 9S4c. fuctuated for long
time between 9SI4g9Sl2c, then when the bull
news began to have its effect advanced
to 9oIse, with possibly a sale or
two at gee, and closed at 9s7sc. or
SEC above yesterdays closing Corn
opened at 5S1495Sls for July, against 5S1sc
at the close for yesterday, on account Of the
light receipts over night: but the advance
did not hold. There were reports of fine
growing rains in the corn belt There was
very little demand nearly everybody seemed
to have some TO sell and the market imme-
diately took the down grade. Il was not
long before drop was made to stage AS
the decline went on, long corn began to
come out, and for time the market seemed
demoralfzed. Paxter and Sam Adams sold
literally and the crowd Interpreted to ne
for Dupee, who is understood to have been
long large line. Reports from the in
terror TO the effect that a large amount
OF corn was being loaded for Chi
eago and big receipts were looked for
during the next few days and cables were
lower and at the lowest point the estimates
for tomorrow came IN showing small re-
cefpts in sight The sellers seemeed to have
heen bailed out and as many shorts who had
satisfactory profit began TO cover, and there
was good reaction, July selling back TO
577sc and closing steady at 577sc. Oats were
weak in sympathy with corn, and July fell
of a to SEC early, but rallying with corn and
closing at 43sse. Provisions were weak and
lower Receipts Of hogs were heavy and
prices lower, corn was slumpish aud the
longs were growing tired OF carrying their
heavy Ioods. There was no general Hquida-
ton, however, and fluctuations were rather
narrow. Compared with yesterday, pork
shows loss of f0c; lard and ribs OF Big q sc
The leading futures hanged as tollows: