St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-14

Part With Their Securities.
CHICAGO, July 13.-Damage to spring
%heaJ by the recent excessive heat in
the Northwest was the cause of an early
gain of - in the price here. The eX-
pectation that with railroads again IN
working order a heavy movement hith-
erward OF the new winter wheat was
inevitable, and that, seeing 1t could not
be delivered upon speculative contracts,
1t would necessarily be sold at its ship
ping value. caused weakness toward
the end. and closed the market Sc be-
low its previous days resting price.
Corn opened finn and closed easy at sc
decline. Provisions were dull and
shade lower.
The early strength in wheat was at
tributed partly to adYiceS of liberal
quantities of cash wheat being taken,
go, 900 bushels for today, and 1900. 000
bushels or so for the week. Special crop
reports from ten counties in South Da-
eota and Western MinnesO ta indicate
that the hot wave Of the last sixty hours
caused widespread ruin in the wheat
fields \ bulge in corn had some ill.,
tluence in giving wheat its initial up
ward impetus, and some rumOrS early
iu the day of the strike having been
ordered of bv the lab II leaders helped
TO keep it steady for an h0ur or more.
Seeing that huVing orders at over $50
seemed practically unprOCurable. ROSen.
kranS, who had been itching for a little
announcement 10 sell, began it at the
crowd in 100,CG0-bushelS and 100000
DuShel lots. Immediately great mum
Der of small holders began unloading,
the effect of which was to force the
price down, an the close was within
i c of the bet ON for the lay.
Corn started under snme excitement
and at IS TO &c improvement in the
price OF the active optIun-September
The best prices OF the day, however.
were realized ut the start. There did
not appear 10 be any second line of timid
shorts to take the place of the first
after the latter had discharged their
guns and run away. Prices closed with
July unchanged, September down &c
and May a shade higher. The early
strength was due 10 the same influences
that have prevailed now for the past
day or two, mainly the elevator situa-
ton and the talk vi dry weather in the
lorn belt.
The month is over and no provision
Gade as yet for the warehousing OF
present arrivals in regular houses. The
decline was influenced by the break in
wheat, and the report that the railroad
strike had been declared off. and while
1t lacked confirmation it nevertheless
caused all easier feeling to prevail.
There was a light trade in oats, the
market was stronger, and prices ad-
vanced "a &c early, but later reacted
in sympathy with wheat, and closed
easy at the bottom and 4@3sc below the
top and at about the same prices as yes
terday.
Provisions were again dull and easier.
Hog receipts We're considerably heavier.
and their price was 5t@10c lower. There
were more cash sales of lard reported
than Tor some time previous. Swift "
Co. were free sellers of ribs. Pork is
71zc lower. and lard declined PIC, ribs
unchanged.
a better inquiry existed for vessel
room, and charters were made at Isc for
wheat. Ii was reported that a number
NJ boats were chartered here to go to
Duluth 10 load.
Estimated receipts for tomorrow
Wheat, - cars: corn, III cars; oats, 66
cars; hogs, 1850.
The leading tutureSrangea as follows: