St. Paul daily globe., 1892-08-07
This Said to Be the Business
Of Several Chicago Spec
ulatOrS.
They Are Reported to Have
Secur ed 100000 Bush
els Since Thursday.
Wheat Easier and Dublin
crease Of the Trade in
Provisions.
In Stocks the Whole List Is
Brought Down in
Fractions.

CHICAGO, Aug. Corn and provisions
made the running today on change. There
are apparently strong bull cliques in both
articles, taking good care that no point in
the speculative situation capable of being
turned to account is counted for less than its
bull value. Among those said to be enjoy
ing the fruits of the advance in corn are
Bryant. Bartlett-FraZier. Patton Bros, c. NJ.
Armstrong and w. Andrews. 1t is current
rumor that about l.5l0,000 bushels of corn
was put to the clique on privileges yesterday,
and they got about 2,oC0,001 bushels more on
calls today. The sellers of the latter were
the parties who were climbing for September
corn near the close today.
Wheat was tame i'll the midst of surround
ing bullishneSs and activity. 1t managed to
secure an advance of $8c while corn is 1l2c
higher, oats up 12c. pork SOC, lard 17Iac and
ribs 22lac since yesterday.
The situation in wheat was looked upon as
essentially different from that in other pits.
Gables were easier and dull. ard domestic
markets slow with the local trade of small
volume. News as to the wheat crop was in
the main favorable, and while the exports
from both coasts were nearly 1,500 0G0 bushels
larger than the week before, the available
stocks are reported heavy and about @ COO 900
bu in excess of those of a year ago. In addi-
ton was a reported lack of foreign orders at
the seaboard. The heavy receipts at the Win
ter wheat markets continue depressing
feature
Corn was active and excited. The shorts
bought freely. Dispatches from Kansas City
stated that the temperature there was the
hottest of the season and that unless rain
came Immediately the crop would undoubt-
edly suffer. The state report of Kansas IN
creased the acreage IA per cent but said
corn had been greatly injured i'll some places
by drouth. Advices of hot winds were heard
mo RIO Ornd hn ratn roc
said to be shrivelled up and in critical con-
dition. Market opened with a I2@lasc ad-
vance and Immediately sold up Ssc, reacted
ss@l2c. and then steadily rallied 1AMIiSsc,
receded lsc and ruled firm to the close. Re
ceipts here were less than expected.
Oats were fairly active, and an unsettled
feeling prevailed. The opening was irregu-
lar at A@l2c advance. For time the mar
ket held steady, but liberal unloading by
longs created weakness. and prices re-
ceded S5fBl2c. There was liberal selling by
the crowd OIL the break but as corn was
strong and higher it started the crowd to
buying. There was also liberal buying for
the outside, and prices advanced l20ssc
closing firm at the op figures
The one thing needful to make the pro-
vision market broader and stronger was an
increase in the outside trade. This has come
with the big upturn in prices. Country
at SO are now rushing il buying orders at
Si2 95. The same is true of ribs and lard
Commission houses all day long had rush or
ders TO buy products at the top prices The
higher cables on lard and the light hog move
mept, the anxious buying by shorts and the
help of the big houses interested in higher
prices all made big bull market
There was good selling Oh the bulge by
heavily loaded local houses.
Freights were firm at the recent advance
at 2l2c tor wheat and 24c for corn to Buff
falo
Estimated receipts for Monday: Wheat,
$40 cars; corn. 36J cars; oats, 205 cars; hogs,
-. 000
The leading futures ranged as follows: