St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-21
NOPRESSURE TO SELL.
Chicago Local Sentiment Was
Beapish on Cables and
Crop Reports.
December Fell a Fraction on
Selling, But Went Up Be-
fore the Close.
Corn, Oats and Provisions
We're Alternately Weak
and Firm.
Exports Of Gold Caused a Fur
Their Setback on Wall
Street.

CHICAGO July 20.-The wheat market was
dull during most Of the session to-day. Early
there was a feeling of firmness due to the
better tone in cables. Liverpool was quoted
I2d higher on futures, and Paris 1920 cen
times higher. The effect of the London
Times bullish summary on the worlds
wheat crop was largely counterbalanced by
the heavy receipts at all winter wheat
markets In this country. The local send-
ment was still bearish. but there was no
pressure to sell in view of the cables and re-
ported crop injury and LambsOn Bros. and
Milmlne-Bodman were good buyers on all
the weak spots, and for time the market
held pretty firm and December sold from
e6ssc to S65sc. Partridge covered a little
short wheat around SGl2c and the scalpers
also took in some, but trade, as a rule, was
very sluggish. Finally, when it was known
that the receipts for TO morrow were esti-
mated at go cars. Partridge common ced to
sell, and the crowd tailed on to Il consider
able extent and December fell to Sc. EST
mates as to the visible supply were generally
that it would show an increase, and this as
sisted IN causing the weakness.
After noon, on strong and higher cables. De-
cember rallied TO S6Ssc Berlin reported an
advance Of 7I2 marks in July wheat there
evidently being corner in that month, as
September and October only advanced y
mark. Paris was 1920 centmes higher
Around 6GQSa4c Pardridge'S brokers bought
In a great deaf of short wheat for h I'D during
the day. and these purchases sustained the
market In the lace or the heavy receipts.
The close was al S6Ssc The receipts here to-
day were $40 cals, or 10 cars more than ex-
pected. Toledo received 800 cars of new
wheat, st. Louis received 21.0)0 bu and
Minneapolis got 200 cars. Twenty boat loads
for export.
Corn was quiet. hut showed little strength
at one time Oh coCl weather and the back
ward condition reported in scme sections
There was not much pressure TO sell. n few
buying orders coming In, September sold
from 51sIc to 52s4c but without much BUSH
ness. The moor estimate of 81 cars for TO-
morrow. the market became weak. and Sep
TENDER dropped back to 5l24c. During the
last hour the market was frIG on the decrease
in the visible supply, and there was q reac-
ton TO 52SSCG12s3c, closing al 5.aSc. Early in
the day the market WAS hammered by several
big operators, whose Interests were il the de-
cline.
Oats were easy until tie visible supply re-
port came in, showing heavy decrease
when X improved tribe, and the close was
near the top. Provisions were strong early
in sympathy with the higher prices for hogs
but weakened later on the report that The
French chamber of deputies had adjourned
for three months without action or the pro
posed reduction in duties. There was re
action later however, and the close was al
about the highest prices of the day. Sep
TENDER PORK opened at Sll.25, sold up t
S113 I2. reccded TO Sll.12A, rallied TO Sll.31l !:
and closed tnere, gain over Saturdays closC
of l7l2c. Lard is unchanged, and ribs show
a gain CT 2l25G5c.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No.
spring, S5l2c; No. spring S3dS4c; Nos
red, S50S5t2c. Corn-No. 2, 51l2CI57Hc. Dat
No. 9, 32s4 G35c; Mo- white 26T039t7c
No. white, o3G37c Rye-No. >, Csc. Bar
ley-No2 .. no sales; No. t. 4Sc. FiaXseed-
No. l, $l.0ll2. Timothy Seed-"rime, SI.2;