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

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 net gain of &c at
the close. and September closed &c
higher. The bad effect upon the crop
gQf scorching heat was the cause of the
advance. In the struggle for life of the
great two illion monster of corn crop
ii drew the little 400, 900. 600 bu wheat
yield into the whirl of It's tall-lashings,
and sent the latter'S leaden spirits toss
ing up and down far two hours like a
professional moUrner at & variety per-
formance. In the end wheat reasserted
Its bearish nature, and, after an advance
OF lie, closed weak at an advance of
Lc. Provisions were firm, and made
another modest gain in values.
heat-There was fair trade and
rather a more active market, prices
covering 13s@l@sc range. The market
opened with free selling at 52}5c for
September, trife advance, and sold
down lSs+c, rallied 1$5@19se. broke lie.
changed some and closed at $3.50 for
September. The surrounding features
were rather beariSh. but the corn Situa-
ton was something Of a factor and
tended TO 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 in the visible Monday.
The bulge i'll corn rather Offset these in
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 TO Offset wheat. The
export clearanceS of wheat and -four
were far and aggregated 467, 900 bu, of
which lSS, 600 hu was in dour. 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 %@
y. range. There was an urgent de-
nand from shorts, and the country
bought freely. the opening being very
unsettled and prices irregular al L0Ic
higher tor September at 441lc for that
month, and 114@l&4c higher for May.
he market eastd of $sG1$%c, rallied l(4
Csc, worked down 1(G2c, ruled frmer
and closed at 4455c for September. The
showers predicted again failed TO ma
3erialiZe. and the newspapers were full
Of damage and drought reports, some
being most sensational, and caused a
great deal of anxiety among shorts,
z%ho 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 it is supposed by many operators
that the crop has been permanently
injured. Realizing at the advance
caused sharp break, but the market
rallied and closed firm.
Oats were stronger, in sympathy with
corn and OIL the UnfavnrabIe wheather
Ill the West The range was lc for Sep.
TENDER, and the close showed gain of
fsc for that delivery.
Provisions We're firm during the
greater part Of the session Oh scarce
offerings and the strength in corn, but
Ii weakened near the finish when corn
declined. Compared with last night,
September pnrk IS &c higher; Septem-
Der lard 27Ec higher, and September
ribs 214c higher.
Frelghts-Rates Qnotable at %(61o
wheat or corn 10 Port Huron or Buffalo.
The leading futures ranged as follows: