Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-07-14
VERY GREAT STRENGTH sdo"S
IN CHICAGO.
BULLS BANK ON The GONEhN-
MENT REPORT.
It Is Expected to Be Bullisa1 in Tone
Trading is Largely Local In Charac-
ter-Efect of the Weekly BANK
statement Very Slight in New
York.


pest man in the world, in the
eyes of board Of trade men, for a Gay
or two preceding the tenth OF eacn
month is the staustician or the WASH
ington agricultural bureau. For the
next few days, If he is at all sensitive
to criticism he must feel himself small
enough to creep into peck measure.
The wheat spectators are looking for
q buIlish report on Monday afternoon
and woe betide Mr. Robinson, the sue
cessor Of J. X. Dodge, if he disappoints
them They advanced wheat lc PEI
bushel on the faith Of what they expect.
Corn on similar grounds Of an inverse
kind declined a trifie. The government
report is expected to Indicate Il pros
pective heavy crop Of corn. The pro-
vision men did some business in lard
and ribs ut improved prices.
There was strong market for wheat.
1t opened about IL cent higher than 1t
closed yesterday. The first trading in
September was 70 1-Sc, with a few
sales at 70 1-4c. 1t held firmly around
7Oc and 10 14c and then became fairly
active and stronger, advancing III the
course Of an hour to 70 1-2d7O 5-Sc.
1t was maintained with fair amount
Of steadiness at about 20 $50 until the
closing cables were received, showing
that the foreign makets had no sympa-
thy with the last two days advance
here There was a short spell of weak
ness on that, which was again followed
by return Of the previous bullishness.
After dropping off to 20 1-Sc it rose
again to 70 12c.
The trading was largely local in char
acter and mot otherwise remarkable.
The general impression at the open
ing was that the advance was due to
the Kansas State report, stating that
the yield would be about %, 100000 bu.
for that state. AS the June report was
taken rs Indicating an even smaller
crop, this months report could not
have had the effect attributed to it.
The true cause is more likely to have
proceeded from nervousness Of the
shorts and the confidence of the longs
in view Of the expected bullish nature
of the forthcoming dictum OF the Wash
ington statistician.
The market was very strong in the
expiring moments of the session. Sep
tcmbcr rose to 70 3-4c and closed at
70 5-Sld7O 3-4c. December, which start
Ell at IS 3-Sc, rose to and closed at
rs lie
Conn averaged strong, but there were
many changes and quick fluctuations
over a moderate range, ending with
the lowest prices ruling to- the close.
The opening for July was Al Lie and
for September A. 3-Sc The latter rose
and fell between ~ IA and ~ 3-Sc a
good many times and on one occasion
it touched A. 5-Sc and it closed with
sellers mt II 4c July closed at II Use.
Receipts here We're 245 cars and for
Monday $50 are expected. The week $
receipts ut Chicago We're 2,OO4,S12 bu.
and the shipments 1,6S3.937 bu. The
Kansas state report gave the condition
Of corn rs So. In July, 1892, the gov
eminent put the condition for Kansas
ut 81 and it had run down to 20 by
October
A quiet and steady market was re-
ported for oats. The offerings and buy
ing orders We're about equal, both be-
ing ample, but not excessive. July
opened steady at %, sold up to % 1-Sc
and closed at 29c sellers September
started slightly tirmer at 26 3-Sc, sold
up to 26 1-2c and back to 20 1-LI26 3 Sc
IL closed with sellers at 26 3Sc August
sold for 70 SAC and 26 5-Sc. closing at
the latter price. May sold for 3Oc
The receipts fell two ears short of YES
terlays estimate: 1873 came in, IS of
which graded contract. Shipments
from store We're 3.SO4 bu For Mon
day Ito cars are expected to arrive
The provision market was strong in
the speculative departments of lard
and ribs and quite ohlivious to the ex-
lStence OF mess pork in barrels The
latter is coopered in more senses than
one, Lard improved 1Oc for September
and Il lie for October. July ribs show
IN advance at the close of 1Oc for July
and loc for September The week s
receipts Of hogs ut Chicago were u.s..
81. compared with 123. 76O for the cor
responding week of last year. Pack
ing TO date 1.191 600 against 1.674.OOO
to the corresponding period a year ago.
Hogs receipts for Monday expected to
De 5000 and for the week 10000.