St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-19
WHEAT LOSES A LITTLE MORE
IN VALUE, BUT NOTHING
SERIOUS.
FR0STS FAILED TO ARRIVE.
BULL OPERATIONS HAaIPERED
BY THE ABSENCE OF DAM
AGE REPORTS.
FOREIGN MARKETS ALL LOWER
Corn Even Weaker Than Septen,.
Der Wheat, Dropping Whole
Penny.

CHICAGO, July IS. = Wheat con-
tsnued on the down grade today, the
lack Of export inquiry and outside Or
ders weakening the market, September
closing 1c lower September corn
closed 1c lower; September oats closed
5sc lower, but provisions made moder-
ate gains. Wheat opened at from 1c to
l14c under the price it closed at the
day before. The weather bureau pre-
diction Of rot in the Northwest was not
realized, and the Cincinnati Price Cur
rent declared that everything was
lovely and the spring wheat condition
very high. The market soon followed
UP its opening decline by seeking a
still lower level. Beside the harvest
features just mentioned, the foreign
markets were all lower. The receipts
were small for the season, but so like
wise were the exports. Chicago re-
cefved 4S carloads, Al of which were
new red winter, and II of the AZ
We're inspected No. 2. The only wheat
exported from the Atlantic seaboard
for the twenty-four hours was $50 bu
from Philadelphia, and a Baltimore
house wired that they had resold to-
day three boat loads Of wheat that were
taken by foreign house yesterday
Inc trade was as narrow as has been
easily influenced by comparatively
small transactions After the weakness
OF the market had run its course, it
became firm and gradually worked up
INTO an appearance of actual strength.
Inc recovery was due for the most
part TO covering by shorts, but there
was also some buying for long ac-
count On still remaining probability
OF frosts before tomorrow in the
| Northwest. and by reported storms
! there this morning, which had laid the
! crops over length OF sixty-five miles
! The opening transactions were over a
range Of from $3.50 down TO 66c for
! September. After a slight recovery to
! 6614cc, it sold down TO 653sc, and recov-
| ered gradually from that to 667sc, but
! in the end it tumbled back to 6s14c, and
closed with sellers at that.
| corn was weak at the opening under
| the influence of favorable weather for
! the growing crop and recovered later
| On the development OF a demand for
| cash corn. Between 20o,O0 bushels ana
| 100000 bushels We're worked for shin
! three boatloads sod there for export.
! The sales here for shipment were
identical with the export business re-
ported from New York. Receipts were
l5o cars and Us are estimated for to-
| morrow The opening range of Sen
| TENDER was 424 Ii443sc and the latter
! was the closing rate. It first sold down
| 10 4515c and great deal of short corr,
| "eA> 'ON OI4 LlGI X / TecOv~
cred, gradually to 4411aq445sc and closed
as above
For a time after the opening oats
had a comparatively firm tone There
were 2 good many buying orders il,
and seilers were not plentiful. Later
/ on, however, offerings were more than
liberal and came from a great many
different individuals, principally stop
! orders. A great decline resulted an,
from that time on the market was
Weak September started at 22zsc, sold
at &c. down TO 221sc and closed a,
221Ac bid.
Provisions We're affected in the fore
noon by the weakness of the grain
market but later one of the principal
shorts bought through several brokers
and sustained the market by so doing.
| At the close pork was Pic higher. lard
DC higher and ribs 213c higher. The
receipts OF hogs numbered 1900 and
l2.09O were estimated for tomorrow.
Estimated ears for Friday: Wheat
70; corn, 175; oats, 1s9. Hogs, i, 0Ot
The leading futures ranged az Tor
! lows: