St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-07-19
Anti-Option Bill Rumors In
fluence a General Rise
in Prices.
Shorts Bought Well, With a
Consequent Gain All Along
"a the Line.
Wheat and Corn Close a Cent
Higher After a Day Of
40 Steady Action.
Pork Improves Twenty-Five
Gents Worth--Stagnation
.sas in Stocks.

= CHICAGO. July 1S.-It was a bull day on
Change today. anti-option bill rumors help
ing prices all along the line Shorts were.
good buyers, sending prices up 1c for wheat
and corn and CSC for pork.
The wheat market opened rather easier on
advices of favorable, weather and easier
cables, September starting Ac off. There
was almost all immediate change for the
better, however. although it was not easy to
discover much in the news that was particu-
larly bullish. About the only item of this
nature was the Indian shipments which
were only 100000 Du last week. The steady
falling off in the movement from India has
revived interest in the story which was SO
freely circulated few weeks ago that the
crop i'll that country this year was 81, 0G0, COD
bu less than last year, and seemed to give
some confirmation of it, There was good
buying by few operators. Wright Haughey
and Nash and Wright taking the most of it,
while the offerings were light
Another cause for The strength was the
firmness in July, OF, which there appears to
be considerable short interest," and there
was good demand for cash wheat. Sep
temher opened at 76a4c, sold up with slight
changes to 1112c, and at noon was about
71ssc; July ranged at 7s@1Slac. and Deem
Der at 797s@SJssc. The receipts here were so
cars under previous estimates, but in the in
spection returns were 81 cars of new wheat
IS of which were No.. . hard. and 26 No. 9
red. Receipts at Minneapolis were 533 cars
and Duluth 1875. The visible supply state
ment showed decrease of 6yl, 600 bu of
wheat for the week. which further stiffened
the marker, September selling freely Tor a
time at 7sl2c. The, closing cables were
stronger and reported unfavOrable weather
in England. All this, together with the pre-
yailing firmness frightened the shorts who
started to cover, forcing the price of Sep
TENDER up to 7sc July closed at 79Ac, and
September at rise.
Corn opened weak and lower on report of
tree rain in the southwest. and there was
tree selling. which soon put SEPTEMBER down
to 4Is4c. But after the first weakness the
market turned strong, and the sellers were
soon exhausted. Then came bunch of bad
crop reports, which. in connection with the
strength in wheat ard provisions. caused a
steady rally to 4S7sc. and at noon was about
4sssc. July sold at 4SAc to 5tssc to close,
and September. 47s4@49c to close. The Wis
Idle supply decreased 81, 900 blu.
Oats were fairly active and higher largely
in sympathy with corn; September sold from
@9S4 to 3J12c; July sold from 30Is to 3lc The
visible supply increased $4,000 bu.
Hog products sold early at about Saturdays
close. but packers and shorts soon began
buying and there was sharp advance, Sep
tember pork going up from Su.S54O Sl2.07I2,
and closed at $l2. 1912.
from 81 .52l2 to S7.65. these prices being for
September delivery.
Today the sending ont of instantaneous
quotations from the board of trade was re-
sumed, the gold aud stock ticker bureau of
the Western Union Telegraph COMPANY hay
ing the matter i'll charge.
Tine leading futureS RANGED nc folIouc.