St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-07-27
Better Business and Broad
ened Activity at Higher
Prices.
Conflicting Reports From the
Kansas Crop Prevents Any
Great Gain.
Wheat Boosted by Foreign
Markets and Belief in a
Limited Crop.
Provisions Firm and Score
an Advance--SloW at
New York.

CHICAGO. July 26.-The corn market was
again the leader IN activity among the cere-
ais, and, as on the day before, the better
business was at higher prices. 1t advanced
19c at the first jump, but only lsc was in the
end added to the former prices. Reports
from Kansas were conflicting. Some advised
actual damage. while State Secretary of Agri-
culture Mohler. of Kansas. and the officials
of the Santa Fe railway claimed that no seri-
Gus damage had been done the crop.
Wheat was helped by better foreign mar
kets. growing belief in a very moderate
crop of spring wheat and to considerable ex-
tent by the advance in corn. 1t opened
however, l2c higher than it closed and was
barely 1-16c over yesterdays resting price at
the end of the session. Provisions were held
firm. and advanced little by the controlling
bull clique.
Wheat started higher today in sympathy
with the advance in corn. stronger cables and
some bad crop reports from the Northwest.
and early transactions were at 6sc advance
on last nights close, but did not hold the
whole advance very long, the market gradu-
ally weakening as corn began to sell off and
better crop news began TO come from the
Northwest.
But there was not much selling pressure
anc with Mitchell, Cudahy and Lester good
buyers the decline was slow. Cables also
came higher. domestic markets were better.
ana the amount on passage showed de-
crease of $4,000 Blu for the week The i'm
ports into the United Kingdom were also
small-only 100000 blu last week against
6,s0O,OOO bu the week previous-and Indicated
considerable decrease in the English
visible.
These considerations kept the market from
being very weak at any time, but did not pre-
vent gradual easing off from the early adj
vance.
September opened at 7Sssc, sold at 7Siac,
then to 1SS4c, became easy, and gradually de-
clined to 7SAc and 7Sssc, then reacted to 1850.
closed at 1SIbc
Receipts here were $50 cars, and In the
Northwest 34l cars. Toledo receipts as
sumed large proportions. being 314, 900 bu.
practically firm for a time. The reports of
serious damage to the crop, so freely circu-
lated Yesterday. brought in good many buy
Ing orders today. and with little for sale
prices were strong and higher, with early
sales at a4c advance from last nights close.
But there was little to confirm the reports
so current yesterday, and good many dis
patches coming in to contradict them, the
strength was gradually undermined, and the
price fell off about l2c.
September opened at 50S4c. eased off to
5C1sc, reacted to 5C5sc. and closed at 5elac
Bryant is reported to have taken advantage
OF the strong market to liquidate 500, 600 bu
of his line of long wheat
Oats were quiet and firm early on crop adj
vices, but eesed off. september sold from
3l4c early to 30s4@307sc; finally recovered
TO SLICE, and closed at 3lc.
Provisions were inactive. but very firm
The principal trading in futures was in bar
relied pork. Lard and ribs were compara-
lively neglected. The feature OF the bust
ness done in pork was the buying of it for
January by the Cudahy Packing company,
and further widening of the difference be-
tween that month and September was the
consequence. The advance in pork was 7lac
andin lard aud ribs 2Lac each Offerings were
light.
Estimated receipts for tomorrow: Wheat,
225 cars; corn. 235 cars; oats. rs cars: hogs
1900.
The leading futures RANGED DC folIous.