St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-28
GAINS IN THE PIT.
WHEAT OPENS STRONG AND AD-
vANCEs RAPIDLY IN
PRICE.
OVER TWO CENTS HIGHER.
ARGENTINE DROPS OUT OF THE
COMPETITION TO SUPPLY I'M
PORTING COUNTRIES.
A DULL SATURDAY IN STOCKS.
Changers and Sugar the Leading
Features in Active Shares
Prices Higher.

CHICAGO, July 27.-Helped by strong
cables and urgent demands, wheat
was strong today and closed 23ssc higher
than yesterday. Corn was firm, partly
in sympathy with wheat and in Part to
the premium being paid for spot corn,
closing 1sc higher. September oats
closed &c higher, and provisions fin
ished With but little change Wheat
opened strong and quiet, and for about
an hour and a half it looked as if the
rise at the opening would be the OUT
side price of the day. At the end OF
that time, however, the initial jump
of about &c per bushel was supple
mented by a series of spasInodic
bounds, which in less than Is minutes
added cents per bushel more. The
chief reason for the great strength or
the, market was because of Argentine
having at length thrown up the
sponge i'll the triangular contest be-
tween her, Russia and this country il.
supplying the wants Of the wheat i'm
porting part of the world. The OPEN
ing price for September was from roc to
V9sc, and after backing and filling he
tween those figures up to about 10
O'Clock little extra demand from the
shorts revealed the scantiness of the
quantity for sale. Upon that discov-
cry 1t became question of those who
or jump farthest in pursuit of the
elusive price, which rose to 723tc be-
fore the chase was over. AT that figure
enough long wheat was let go to cause
a reaction of 1c per buShel, the latest
trading price being 15s41Ac. The re-
ceipts were 113 cars, of which nine were
No. red. The total receipts at primary
western markets amounted 20 347, 600
bushels, compared with ,175, coo bushels
at the same points last year. The
weeks shipments from both coasts, in
Guiding flour, We're only 1,265, 900 bushels,
against l, 652, 600 bushels last week and
3,3SS,QOO bushels year ago. The visible
supply, which last year Increased {. 2255S
900 bushels, will perhaps show a small
decrease this week, estimated at about
100000 bushels. The report from the
Northwest in some cases would lead to
the impression of very serious cro,,
of an exceptionally heavy yield. The
amount of business done here on Or
ders from outside was small. The
small Argentine shipments and the
higher cables kept the market strong
throughout the day, despite consider
able realizing.
The corn market was irregular, blu,
in the main firm even for May de-
livery. Some disQuieting reports con-
corning the growing crop are coming
from Nebraska, and although by itself
would not have much effect it directed
attention to the uncertain tenure OF
lie helI. ny d growing crop. Inc cash
demand is excellent and to certain
extent urgent. Today's receipts were
ST cars. September opened at 43kc,
declined to 421ac, reacted to 1870 arc
closed at 45i4c. May, from 35lac at the
to 36G361sc and closed at 36c.
Quite good business was transacted
in oats. At the opening an easier feel
ing prevailed; when wheat advanced
oats also went up. September opened
at 221hc, sold at 22asc, up to 22}4c, anG
closed at 225sc. The provision market
was shade firmer but very dull, and
at the close. there was very little
change from yesterdays resting prices.
Pork left off at a decline of 2iac and
lard and ribs are each 21ac higher. Re
ceipts of hogs today were 5000 head.
Last weeks receipts were 91,45i heaG,
against al, 1874 on the corresponding
week of the year before.
! Mondays receipts are estimate at
| Wheat, 120 cars; corn, $50 cars; cats,
! 225 cars; hogs, 1900 head. For the en-
tire week $4,000 hogs are expected to
, arrive.
The leading futures ranged as fo4
! lows: