St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-28

Corn Shorts Hasten to Get Under
Cover. and Many Orders From
the Country Came In-Most OF
the Advance Retained at the
Close Wheat Influenced by
the Corn Boom.
CHICAGO. July 27.-Corn led the grain
markets lively dance today. For May
delivery there was an excited bulge of
sac per bu, and a net gain OF &c at
the close. and September closed re
higher. The bad effect upon the crop
OF sCorching heat was the cause of the
advance. In the struggle for life of the
great two billion monster of a corn crop
il drew the little 400 h. 000-bu wheat
yield into the whirl of It's tall-lashings,
and sent the latter'S leaden spirits toss
ing up and down for two hours like a
professional moUrner at 4 variety per
Torrance. In The end wheat reasserted
It's bearish nature, and. after an advance
OF &c. closed weak 1T an advance of
I, c. Provisions were firm, and made
another modest gain in values.
" heat-Thtre was fair trade and
rather a more active market, prices
covering Is @I5sc range. The market
opened with free setting at 52I5c for
September, a triie advance, and sold
down Ike, rallied l$s4lsc. broke lc.
changed some ami closed at $3.50 for
September. The surrounding features
were rather beariSh. but the corn situa-
ton was something Of factor and
tended 10 sustain the markets. Cables
were weak. receipts large and fresh eX-
port business small, which acted as de-
pressing factors. as also did the talk of
liberal increase III the visible Monday.
The bulge III corn rather Offset these i'll
fuences in a measure, as it was i'm
agined that the scarcity of food stuffS
and high prices for the same would
have tendency 10 Offset wheat The
export cIearances Of wheat and -four
were far ami aggregated 467, 00D bu, OF
which lSS, 900 hu WAS in -four. Closing
cables generally weaker and lower.
There was no eXpurt business doing
here and nothing at the seaboard.
Corn was active, excited aud higher.
with trading heavy and the market
Broken. with fluctuations covering ia
y range. There was all urgent de-
Hand from shorts, and the country
bought freely. The opening being very
unsettled and prices irregular at 10lc
higher tor September at 44l4c for that
month, and ! 0l&4c higher for May.
I lie market ease0 III 3 csc, rallied l4
2l5C. worked down lld2c, ruled frmer
and closed at $3.50 TOR September. The
showers predicted again failed 10 ma
;SrialiZe. and the newspapers were full
o. damage and drought reports. some
being most sensational, and caused a
great deal of Anxiety among shorts,
who sold freely yesterday. but fastened
to cover at the opening today. Country
buying orders were much more numer-
Gus, especially from Iowa and Nebraska
where il Is supposed by many operators
that the crop has been permanently
injured. Realizing at the advance
caused a sharp break, bat the market
rallied and closed firm.
Oats we're stronger, in sympathy with
corn and Oil The untag0rabie wheatheI
il the West Tile range was lie for Sep.
TENDER. and tie close showed a gain o.
re for that delivery.
Provisions We're firm during The
greater part 81 the session on scarce
offerings and the strength in curn, bu
il weakened near the finish when corr
declined. Compared with last night
September pork IS &c higher; Septem-
her lard 235c higher, aid SeptembeI
rios 21zc higher
FrelghtS-R:tes QuOtable at TS(6I;
wheat or corn 10 PorI Huron or Buffalo
The leading futures ranged as follows