St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-03
LOWER MORNING PRICES.
PLENTY OF GRAIN For SALE,
AND BUYERS SURPRISED AT
THE QUANTITY.
SHARP RALLY AT THE CLOSE.
Bulls Start Rumors CT High Tenn
Dcrature fujuring the North
western Crops.

weak during the forenoon today, but
became firm in the afternoon en- lib
eraI cash business. WiGI1nG up with
q gain Of CSC per bU in September and
Sc in July. Corn was so very weak
early in the day as to communicate
some of It ID wheat It was Steadier
in the afternoon, recovering about &c
OF its loss, but resting with a let de-
cline OF &c. Oats were &c lower for
September ana provisions a shade IN
der yesterdays values. Wheat opened
without material change since the
close Of the previous days session.
There vas demand enough TO absorb
the offerings for q few minutes at be
tween 712sc and 715sc, but inside of the
next five minutes the bulk OF the early
buying orders were filed, ana the
bears still had wheat for sale. Not
only was there bears wheat for sale,
but when the market began to appear
short OF buying orders, a couple good
sized lines OF long wheat which had
5sen carried from higher prices, came
upon the market and made prices slip
OFT very quickly. From 7I5sc to Use
September had declined to lie about
ten minutes after the opening, with
few sales at 7OTsc before its decline
was arrested at that time The trada
vas light all the forenoon and chiefly
OF local scalping character. The
elevator E-en had still some July wheat
TO buy, and they, CT course, underworld
to buy Il as cheaply Is possible, using
SIcn naTIPJi2tIVe tactics as are usual
Lh9 principal bearish features of the
early news We're the heavy Northwest,
err receipts, the weakness OF the fer
eign markets and the light exports
The receipts at Minneapolis were go
cars and at Duiuth, 357, or 4tj in all.
Inc Cay S Shipments frcTl Duluth we're
q partial onset TO the recaiDtS. the
former amounting 10 2Ga. $50 bu Liver
poe! was quoted ii lower at the OPEN
iiis'; Paris without material change;
Ailt'|efp, l212 confines lower. and
5eriin from II mark TO I mark lower.
Boston was TIE only Atlantic mort
winch shipped any wheat in the past
tYYenty-fCIr hours. and the total of
wheat and -four together from ali tba
principal Atlantic ports amounted to
the small aggregate OF 132 Go f}u. TIE
news from the Northwest. apart fToyn=
TIE he2Fy receipts, was rather III ia
FOr or the bulls. Several Cispa tchea
reported some damage to wheat from
the frost 10 thera a week AGO. and
some ears were being shown here.
plucksd from field southwest of Min
Weapons, which show 81 the tins bfie1+
eI, presumably from the effect of Tia
a
Lf1- temperature il TIE Northwest YES
tsrday and today was too high fog
wheat, ana dispatches from there cor,
Feyed the impression that une2sinass
Or the same score was prevailing where
Trey were experiencing the effect or
~ ana over il the shade. Thresbing
returns from the winter wheat fields
were Principally OF extremely door
yields. St Louis omitted to repeat the-
goes ylsads IN the neigatorhoef of
CL.31FiesloH, No, which they on sew
ef1I previous occasions Sent as =
cOunter-irTitaDt to the reports of small
returns. Reports from Michigan and
Northern Ohio were very bad
ne market acted extremely heavy
all the forenoon and II was not until
a ter September had declined to Ifle.
that II ceased 20 nave an aOr;ear5 nos
OF extreme heaviness. 1t recovered
IRON the latter point to about The
level OF the opening figures about an
hour from the close Bradstrsetes
visible supply statement caused tenn
pofary weakness after the price had
lecoFered TO Use. It showed the
world : stocks only about sou. coo br
less than a week ago, which was
considered unsatisfactory, and 2 re-
action TO 7GS4c resulted. Cash business.
amounting to 1900 bu here. SO.G0 i'm
at Minneapolis and SO, coo bu at New
York, caused a fiTmer tone near the
cid and 2 rather rapid recovery OF: ali
the days loss and Sc over. The laL-
est trading in September was at 7i5k0
Iltsc and in July at 7G67G1sc. The
spread has thus narrowed to a shade
less than 1zsc as against 2L5c for
moment yesterday.
Corn was extremely heavy until
after the estimated receipts for to-
morrow came to hand. Following that
a2d encouraged by the afternoon re-
CoVeTy IN wheat, it assumed a firr1er
aspect for the remainder of the ses-
sion, but could not make up all its
early loss. In opening September
brought 46@4 c for q few lots but there
were sellers at 46Ssc at the same time
It declined to 45i4c. recovered to 46Lic
and closed at 4515c. The demand for
cash corn was good and resulted in
sales of about 100000 bu for export
worked by way of New York 4 weak
feature OF the situation was that
Texas is Offering corn for delivery in
New Orleans in October at equal to
Bic at the point of delivery. Receipts
here were pa cars but for tomorrow
only RiEety-eight cars are looked for
Oats were again active and under
continued free selling of long stuff
SUFFERED another decline in values.
Trading was more general today, al
though SchTartZ-Dupee IL Co. were
again very conspicuous with heavy Of
feringTs. The close showed a decline
of 1zG5sC and sc for September and
-hAoS, W mt July llSlu CCUlDdTGllNGtN
steady September ranged from 24ssc
to 231a0235sc and rested at 24G241sc.
The provision market was firm and
higher at the opening because Of the
days run OF hogs being only 1900
and their price higher by from to
Ice. The trading was not very active.
although the fluctuations might sue-
SeSt an active business. September
nnrk opened at S12-5e. isoId as high as
Sl2.45 and down to $3.50, with S12 2212.
the closing quotation, which is 245e
over the latest price on the day be-
fore. Lard lost TIC and ribs PIC of
their previous days value.
Estimates for Wednesday: Wheat,
q cars; corn, 9S; oats, s.; hogs, &c, 900
head.
The leading futures ranged as toI-