St. Paul daily globe., 1892-07-26
Brokers Do Heavy Trading
Despite the Sweltering
Heat at Chicago
Provisions at the Head OF q
Strong Bullish Support i
ing Column.
Wheat Mildly Inclined the
Same Way, and General s.
Gains Result.
Improvement in a Small Wav
on the New York EX-
change.

CHICAGO. July 25.-The wrath to come was
measurably indicated by the neat in the trad
ing pits today. but the operators struggled
with it in negligee outing shirts and panta-
looms with praiseworthy energy and dsre-
gard of the buoyancy of the mercury. 1t was
a bull day, led by corn, which was well sup
ported by provisions and received couute
nance, though of subdued kind from
wheat The changes since Saturday are an
advance in corn of 14c in pOrk of from
17lac TO 3-Iac. and in wheat OF ssc.
The wheat market was firm under appre-
tensions of damage TO spring wheat from the
hot weather. The reports from the North
west differed somewhat. but generally con-
ceded considerable damage already done by
rust. The bullishneSS i'll corn was of much
assistance to the wheat bulls. In today's re-
ceiptS at this point were AZ cars of new
wheat. st. Louis had fully up to Saturday S
predictions. The amount being 350, ,000 bu
Minneapolis also had heavier receipts, nun
bering $50 carloads.
Cables were easier, Liverpool reporting Iad
decline and the weather i'll England favor
able. The visible supply showed an in
crease of 619. 600 bu. Under these influences
the market weakened for few minutes and
then rallied and became firm again. Sep
tember started at from 75I2c to 771sc. gradli-
ally advanced for an hour until 1Sl4c was
reached, weakened slightly and again sold
pared with 11a4c at the close Saturday
Corn was the most active and strongest of
the articles traded in on the board. Talk
had been rife in the pits for some days about
possible damage to the growing cron from
extreme heat; SO this morning, with the
thermometer ranging near the nineties oper-
ators who noted the effect on their systems
were ready to believe anything of its effect
on tender corn plants. Therefore q pub
lished dispatch from Wichita, Kan, which
said that hot winds had done great injury to
corn from the Colorado line TO a distance of
1a9 miles eastward i'll Kansas was at once
efficacious III boosting values. There were
no selling orders of any account when the
market opened except at about l9c over the
closing price of Saturday.
September opened nominally at 4SSSc, COM
pared with 4S14c at the close Saturday. But
very little could be bought until 4SI2c and
1880 was being bid for it, and even those
prices did not bring out enough to stop the
advance. The price reached i94c before
there was more than 1sc reaction. But even
that did not satisfy the eager demand Tor
after a couple of dips to 4ac il ran up to
495sc, or I14c above Saturdays closing price
and all that in the first half hour of the ses-
sion. Notwithstanding reports of general
Improvement in the crop outside of those
which came from Kansas the sudden impair
ment in that section was enough Of diSap-
pointment 10 make holding prices compar;i-
lively easy. and the decrease in the visible
supply aided in a further bulge to 5015c, and
the close was u C lower.
Oats made an advance of ss0lac more be-
cause corn ruled higher rather than because
of any direct bull influence. The volume Of
business done was considerably heavier than
on Saturday, but the market was by no means
active
Provisions were strong in sympathy with
the strength in corn and the light run of
hogs, present and prospective. and heavy
shipments of cured meats on Saturday also
aided in strengthening the market and there
was Il good demand from Cudahy and other
packers. There were only one or two weak
spots in the trading during the dav.
Lake freights: Corn to Buffalo, 9I4c
Estimated receipts for tomorrow: Wheat,
$40 cars; corn, 415 cars: oats, go cars; hogs,
1900.
The leading futures ranged as follows: -