St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-31
CORN WAS The LEADER.
IT ROSE NEARLY TEREE GEMS. AND
C4RhI=D WHEAT UP
OATS GAINED OVER ONE CENT.

The Wheat Market Was Specu-
latiye, and Fluctuated FIRE.
quentIy-SOme Bcarish Inf1u.
ences We're Perceptible-New
Wheat Mt Minneapolis Was
Bear Factor.
CHICAGO, July SO Corn was again the
leader i'll an advance all along the line
OF the grain markets today. 1t rose
2$1c per buShel, closing 2Ssc higher,
and wheat advanced about &c in sym
dathy and closed ! &c higher. Oats fol-
lowed the lead of the other two. finish
ing With gain of l15c- The news af-
feeling wheat would by ITSELF most
likely have caused a decline, but the
damage to corn appeared 10 the traders
so sensationaliy serious That it more
than counterbalanced all that could he
advanced III the way of beariSh feat.
ufeS III the condition of wheat,and there
was great deal To be said on that side.
Provisions closed at Il slight decline,
Wheat-Thefe was a very fair specu-
lative trade, the market tluctuatlng fire.
Quentiy. Initial trades were at about
S3lulud4 HUdl ll-> uISS,
opening AT ops c. and shortly afterwards
taSed of a little, advanced 2sc. then de-
clined sc. ruled firm, advanced 100
25sc. changed some and closed with
September ut 81 50. The principal SUR
rounding influences were rather DearlSh
aside from the action Ct corn.
Among the hearish influences were
liberal receipts and reports that France
would have W eat for expert this year.
There was a small Increase Oh ocean
passage and Il large increase in the
visible supply. about twice what was
expected. Minneapolis reported the
receipts of three cars of new wheat at
That point. and this acted as bearish
factor There were S3S cars received
- here today \ feature was the buying
of September ana selling of December,
the discount narrowing from 81 To sc.
The market rallied sumo after the de-
cline, the crOwd rather OVerselllng on
the visible. Closing cables were iIregu-
lar and generally higher, aiding III the
rally al The close.
Corn was active. with the market
broad and sentiment very much mixed,
the volume or business being large,
with fluctuations sudden and frequent
within 25593c range. The weather was
the 6ll-aDsurbing tuplc, and adViceS from
the interior were anXiously awaited for
and very numerous. September ruled
firm and closed at 4G}sc. There were
fair rains in Illinois ana Missouri and
some i'll Kansas, Out very little in Iowa
and Nebraska. There were all kinds or
crGers filled at the opening. selling from
the wet points and buying from the dry
portions. Illinois was said 10 be selling
quite freely and Iowa and Nebraska
buying. The selling or The day was
mainly by professionals, many Of whom
usually operate in wheat, and the buy
ing largely by shorts and receivers act
9 ing for 4he country.
Oats Were Influenced by the
strength in corn, and ruled tirmer. The
range for September was l5zc.
ProYisions-Ne ere easy al the OPEN
ing OH the very heavy live hog receipts,
but tirmed up later Oh the advance III
corn. Compared with Saturday, Sep
TENDER pork is unchanged. September
lard 1I2c lower and September ribs sc
lower.
Freignts, zI@1c for wheat and corn to
Buffalo.
The leading futures ranged as follows