St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-19
ACTIVE AND STRONG.
Wheat on Chicago Change
Improves to a Limited
Extent.
Corn Was Firm Early, Hut
Flattened Out and Closed
Lower.
Provisions Sympa thized in
Fluctuations With
Corn.
New York Bears and Foreign
Sellers Press the Market
Down.

CHICAGO, July 1S.-Wheat was more active
to-day and strong most of the session. For
the first few minutes it seemed inclined to be
weak, then wabbled a little, but finally struck
its.gait and sold up l2c, and held firm most
of the day. Corn held firm for a short time
and then flattened out. September close d
I2c lower than on Friday. Pork. lard and
ribs had an early advance and a subsequent
decline, leaving them about at yesterday
quotations. The very general, and IN some
places very heavy rains, together with stead
Ter foreign markets. and an active demand
for export reported from New York and
other seaboards, gave 10 the wheat market its
stronger tone. The demand for the near
months was better than it has ruled of late,
more especially for August and September.
1t was asserted that probably 70 per cent of
The receipts to be expected here for the next
two months were already placed for shipment
to Eastern millers and foreign countries.
Chicago received to-day 476 cars; Minneap-
oils, 1917 cars; st. Louis, 10000 bu, ana
Toledo 14S 600 bu. The opening price for
December was SGI26S6ssc followed i'm
mediately by decline 10 S6Ssc. 1t sutfened
up then and reached S67sc in about an hour
from the start, with a strong feeling on the
advance 1t held up well, being supported
by an active demand for cash wheat and
decided improvement in July and August
which were both in good request in the pit.
A sudden drop in the price of corn and an
estimate of 535 cars for Monday weakened
wheat somewhat toward the close and De-
cember sold off TO S6l2c, but the reported sale
from New York of 60 boat loads and the
active inquiry for cash wheat steadied the
market and the close was firm at o6Ssc for
December and S614c for July.
Corn was steady, and seemed inclined
TO firmneSS early in the session, shorts taking
hold very freely. September opened Ic bet
ter than it closed last night, selling at $50
53Isc But the cash demand was not so urg-
emit and prices were easier. owing largely TO
the fear that shipments made now by lake
and canal cannot reach the seaboard in time
to fill sales for July Then came the esti-
mate for 525 cars for Monday and there was
q season Of free selling under which Septem
Der broke 10 517sc. a decline of lac, reacted
some and at the close was about 53lsc. July
sold at soc early, off to size, while August
fell from 55SSc to sac. Oats lower, mainly on
the increasing receipts of new oats. twelve
cars having been inspected to-day. July was
traded in sparingly. ana sold from 34Ssc TO
35c; August sold from 27l2c 20 27lsc, and Sep
TENDER from &c to 2612c. Two hundred and
thirty-five cars are expected Monday. Pork
was nervously strong and firm, but lard and
ribs did not share in the strength in pork
The receipts of hogs at the stockyards were
only 5000 head against an estimate of $4,000
head, and prices at the yards were 10c higher.
This started shorts to cover, and September
pork sold from S1l.20 to Sl1.50, fell 10 SIl.25,
reacted TO Sl1. 35, then broke TO Sl1.15, but at
u o'clock was S1l 150l11.20. September lard
steady at SS.55@6.60, while September ribs
sold at Sc. 06l6. 10 and at II o'clock was 500
bid.
the leading futures ranged as follows: