St. Paul daily globe., 1893-06-15
CLOSED AT THE TOP.
Wheat Advances Over Half a,
Cent and Then Closes ~
Firm. =
Corn and Oats Share the I'M
provement and Left Off
Higher.
Provisions Stood the Heavy
Receipts Of Hogs Remark
ably Well.
Stocks We're Comparatively
Firm in Spite Of ADVERSE
Influences.

CHICAGO. June 14.-Availabe wheat
stocks were reported this afternoon as
showing a decrease of 3,5U0,000 bu.
Prices IN consequence closed firmsat the
top prices tor the day, with an advance
of 15003Sc over last night's, figures. The
better tone to cables, the more settled
financial conditions, the, prospect that
the big stock of cash wheat Will be
cared for by the clique and the banks
July helped to produce the advance.
The fact that export and caSli sales
were light was the chief obstacle to
bull market. Corn closed &c higher
Considering the liberal receipts of hogs
provisions showed remarkable steadi-.
ness, and the declines were limited to DC
in pork, 716c in lard and 121ac in ribs.
At the start the feeling in wheat was
firm on the cables. Relm covered
considerable line of shorts, and there
was not much for sale. But the crop
bulletins were nearly all favorable, and
some additional bank troubles Deing re-
ported in the West, the feeling gradu-
ally turned weak. Armour became
good seller, and reports were received
saying that harvesting mad already
begun in Kansas. There was another
development of strength during the
closing hour on the late higher CONT
mental cables and large decrease in the
available supply reported by Brad
streets. There were some reports OF
hot winds in the Northwest having done
some damage to the crop. and 1t was
also said that the Weody condition OF
the fields had affected the growth Of
spring wheat. The market at the OPEN
ing was about the same as yesterdays
closing. advanced H@%c. eased off
again 1a0}5c. recovered fully. and the
closing was about 3sc higher than yes
teriay. Ream was quoted as saying
that he thought wheat would go UP 25c
before down &c.
Another active day was witnessed IN
the corn pit. The feeling was again
firm and still higher prices scored. but
The price was helped largely by the
stronger cables, continued liberal out
inspection and the very moderate re-
ceipts. which, as on yesterday. had
tendency to make shorts little anxious.
The opening was firm at about &c adj
vance, with very good demand, eSpe-
cially for September. Market held
steady for while. but later eased off
nc, when the demand became more ur-
gent. under which the price worked up
&c. Realizing after the bulge carried
the price back 19c, but the market still
ruled firm, and at the close had gained
$9@Tc. Traders are somewhat stirred
up over Wright's position in corn.<
Many think he has a deal oh. -s-E-5
There. was fair trade in oats, and
all unsettled feeling. Prices for July
advanced 55c early. with good buying.
but later reacted 5591ac, then advanced !,
16015c, and closed steady with net
gain of Is@1c. September advanced a
0$5c and closed with net gain Of &c.
Receipts were small.
With the run of live hogs at the yards
considerably in excess of the estimates,
and lower prices for them, the market
for provisions opened weak. There
was, however. nothing doing beyond a
few trades in lard and a little selling of
ribs by the packers for September de-
livery, the market rallyipg on the
strength III wheat and corn. An active
demand existed for shipment.
Freights are steady with fair de-
mand for vessel room at 24c for wheat,
and &c for corn to Buffalo. Estimated
receipts for tomorrow: Wheat, SO cars;
corn, $50 cars; oats, $50 cars; hogs,
$1,000.
The leading futures ranged as follows.