St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-12
DULLEST IN MONTHS.
Yesterday in Chicago Trading
Pits Was More Dull
Than Usual.
Wheat, After d Bluff at a
Raise, Closed With
a Loss.
Corn, Oats and Provisions
We're Inactive and
Easier.
Wall Street Dealings Are Ut
terly Devoid Of Any
Feature.

CHICAGO, July lit was the dullest day IN
many months in all the pits on the board Of
trade to-day There was no special reason
for it discoverable, as the situation has not
materially changed, but it just came about
that outside orders were scarce and local
traders were in a waiting mood. So the pits,
during most of the dav, were about as de-
serted as Il last year 5 bird nest. Wheat opened
at about yesterdays closing price, was III
clined to firmness for time, selling up
good fraction, but finally weakened and lost
all of the advance, and something more.
There was little in the situation that could
be called builish; the government report was
not quite so flattering as many had expected,
but the promise of 4 month ago was fully
sustained. Gables showed the English mar
kets rather firm, but continental adyices in
dictated lower prices, due, no doubt. TO the
fact that the reduction of French duties on
wheat and -four went into effect yesterday.
The weather map showed rain in some por-
lions OF the winter wheat country, with a
low barometer all through that region. lndl-
eating coming storms. As much OF the wheat
is still in shOcE rain will be regarded as I'M
fortunate, and this helped TO cause little
strength and stimulated the buying. mere
was little for sale, and the bacKWardneSS OF
sellers was q strengthening feature. Inc
cable adylces of famine in portions OF RusSia
weather in Spain were about the only en-
couraging pieces Of news for the bulls On
the other hand receipts of new wheat were
generally liberal. 100 cars reaching Toledo.
of which f04 were contract and lyS cars OF
new wheat were received here. 112 of them
being contract New York bought some
wheat, and Logan had buying orders from ST.
Louis, where the receipts are not as
large as yesterday. Bradstreets reported
4 slight increase in exports. compared
with the week previous. The available sup
ply of wheat in Europe and America was re-
ported at 81. 400 600; against 691S5,0O bushels
at this time last year. December opened at
RSl2@SS34c, sold up to SS7sc, off to sSssc, back
TO So7Sc. hung around Sc5sQSSS4c Tor aWhlle
during the afternoon, touched eSl2c, reacted
to SS5sc and closed at SSSsc on Paris cable
quoting a decline in prices equal to &c per
bushel because of Yesterdays reduction in
The duty.
There was only a moderate business in
corn, the market ruling inactive, fluctuations
covering ssGls4c range. The feeling was IN
clined to be easier. The government report
was generally interpreted as "bearsh, but
the scarcity and high prices of cash property
made the local trade timid about
selling short. The trade figured the report 10
mean a crop of 2.00GO0lOC0 ou. The hrm
tone in wheat gave some strength 10 corn
early in the day; but the weather i'll the corn
belt was favorable for the growing crop, and
that condition proved a weakening factor
later. September opened at slice. sold up 10
bl5sc, broke to 5llsG014c; strengthened
some, but closed at sic. Oats were quiet and
firm early. but eased off some later in sym
pathy with corn, though the fluctuations
were confined TO a 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 fluctua-
lions confined to very narrow range.
The leading futures ranged as follows: