St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-13
DULLEST IN MONTHS.
Yesterday in Chicago Trading
Pits Was More Dull
Than Usual.
Wheat, After a Bluff at a
Raise, Closed With
a Loss.
Corn, Oats and Provisions
Were Inactive and
Easier.
Wall Street Dealings Are Ut
terly Devoid OF Any
Feature.

CHICAGO. July lit was the dulest day III
many months in all the pits on the board OF
trade to-day There was no special reason
for il discoverable, as the situation mas not
materially changed but it just came about
that outside orders were scarce and local
traders were in waiting mood. so the pits
during most of the dav, were about as de-
serted as last years bird nest Wheat opened
at about Yesterdays closing price, was IN
clined to frmness for a time, selling up
good fraction, but finally weakened ana lost
all of the advance. and something more:
There was little in the situation that could
be called bullish: the government report was
not quite so flattering as many had expected.
but the promise of a month ago was fully
sustained. Gables showed the English mar
kets rather firm, but continental advices III
dicated lower prices, due. no doubt. TO the
fact that the reduction of French duties on
wheat snd flour went into effect yesterday
The weather map showed rain in some por-
lions OF the winter wheat country, win
low barometer all through that region. lhui-
eating coming storms As much OF tile wheat
is still III shock. rain VIII be reSaTueu u ulI-
fortunate. and this helped 10 cause llttle
strength and stimulated the buying. Ihere
was little for sale. and the backWardness OF
sellers was q strengthening feature ne
rabIe adylces of famine in portions OF Russia
and India ana drought and screening
weather in Spain were ABOUT ihe Only en-
couraging pieces of news for the bulls. On
the other hand. receipts OF new wheat were
generally liberal. 100 cars Teachlng 1oIeuo.
Of which l04 were contract and l.S cars Oh
new wheat were received here, ~ OF them
being contract New York bought some
wheat and Logan had buying orders from 81.
Louis where the receipts are not as
large rs yesterday. Bradstreet reported
q Slight increase in exports. compared
with Inc week previous The available sup
ply Of wheat in Europe and America was re-
ported at 81. acc 900; against 69lS5.UO bushels
at this time last year. December opened at
SSI5GSS3 sac. sold up TO SS1Sc, OF 10 SS9sc- bach
10 Se7sc, hung around SSssGSSS4c Tor aWnlle
during the afternoon, touched SSl2c, reacted
to SS5sc. and closed at SSSsc on Paris cable
quoting decline in prices equal TO &c per
bushel because of yesterdays reduction III
the duty.
There was only a moderate business in
corn, the market ruling inactive fluctuations
covering SsG34c range. The 1eellng was III
clined 10 be easier. The government report
was generally interpreted as "beallsn, puJ
the scarcity and high prices Of cash property
made the local trade timld about
selling short The trade figured the report TO
mean a crop of 2.00a,t0dOC0 bu. The hrm
tone in wheat gave some strength TO corn
early in the day; but the weather in the corn
belt was favorable for the growing crop, ana
that condition proved a weakening factor
later. September opened at 5ll4c. sold up 70
5l5sc. broke to 51IS0514c; strengthened
some. but closed at sic. Oats were quiet ana
firm early. but eased off some later III sym
patty with corn, though the fluctuations
were confined TO 4 range OF Ssc. PROVISIONS
were rather strong on smaller receipts OF hogs
than expected and firm prices at the yards,
but trade was very dull indeed, with huctua-
lions confined to very narrow range.
The leading futures ranged as follows:
81