St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-06-20
1t Scores a Good Advance and
Closes at the
Top.
Wheat Declined, but Gained
Nearly All the Loss at
the Close.
Heavier Receipts Of Hogs
Cause a Decline in Lard
+ and Ribs.
Intense Heat Tended to Re-
1 strict Speculation on
Wall Street.

CHICAGO, June 19.-Corn was king
today. 1t advanced 14c,and was strong
est at the close. There was suspicion
that manipulators are at work, and that
an aggressive movement is coEtemplat-
ed by some of the heavy local bulls in
the market. Shorts were free buyers.
The papers were full of narrowing de-
tails of the great drouth in Europe,
while receipts in Chicago are running
below expectations. Wheat dropped
&c, and picked it all up again but sc.
That refers to July only. September
closing nc higher. showing that car
riers were getting 35c more today than
they could secure on Saturday for hold
ing the stuff for impecunious speculat-
ors. Provisions were llfeless.
Corn was active most of the day. The
feeling was little uncertain at the
start, the local crowd being little
mixed at the course of the market. The
fine weather OH the one side and bullish
news from abroad on the other were the
two important factors. The latter in
fl uence apparently appeared to predom-
mate, and first trades were the same to
a above the final figures of Saturday,
and under an urgent demand sold up
full 1c. The advance brought out in
creased offerings, and, wheat selling off,
sympathiZed. reacting &c. Market
afterwards advanced &c, and at the
close had gained 14@l$5c. Private adj
vices reported an advance of Sd at Liv-
erpool. A number of foreign buying
orders here were reported. Rates to
Buffalo on corn dropped to lac. the
lake and rail lines taking some big
shipments at that figure. The market
would appare ntly not stand much pres.
sure W ithout another break.
Wheat, at the start, was influenced
by the money market here, it being re-
ported that some of the banks had re-
fused to make or renew loans on wheat.
There was also quite break in the
price of wheat at Minneapolis, which
started the rumor that some houses in
the Northwest were in trouble, and this
induced considerable selling. Under
these influences weak feeling set in,
helped along by the generally lower
cables, but recovered when no contir-
nation of the rumored trouble among
S ONE grain houses alluded to could be
blamed. The decrease in the visible
5 uppy here and the reported drouth in
European countries had but little effect
i'll the wheat pit. Trade was light.
In oats the feature was the selling of
July and buying of September. Prices
had re range, and the close was firm
at the top figures, with net gain of IS
on July and 5sc on September.
Hog receipts were 25,000-head in place
of $4,000 head, as estimated. AS result
provisions started easy and closed
lower, except pork. which was marked
up lit tie without any transactions to
speak of. Trade was exceedingly light
in lard and ribs as we'll as in pork.
Prices at the close compared with Satur-
days resting values show the following
changes: Pork for September is l5c
higher, lard is 241ae lower and ribs I2114c
lower.
Vessel room was easier at &c for
wheat 15lc, for corn to Buffalo. Esti-
mated receipts for tomorrow: Wheat,
200 cars; corn, SO cars; oats, 400 cars;
hogs, $1,000.
The leading futures ranged as follows.