St. Paul daily globe., 1895-07-23
WHEAT SPECULATION HEALTHY
AND AN ADVANCE OF IA
CENTS.
CORN EQUALLY STRONG.
HOGS ARE CHEAPER. BUT PRO-
VISIONS GENERALLY ARE
HIGHER.
SATURDAYS ORDER REVERSED.
Reports of Crop Damage and n
disappointment in the Ship
ments of the Week.

CHICAGO, July 22.-Helped by light
receipts and bad crop reports, wheat
was in better demand today and closed
at an advance of 114c per bu. Septem-
Der corn gained 11sc, and September
oats closed 1sc higher. Provisions rose
in price in spite of cheaper hogs. Fur
ther damage to spring wheat was re-
ported. and that started the market
and gave it its direction for the day.
Other later features of the days news
likewise proved bullish and brought
in fresh buying orders from the out
side at such times as the market ap-
peared to require them. September
wheat, which on Saturday afternoon
was only in moderate request at 67A@
673sc, started this morning with buy
ers at from 671ac up to 67a4c, and sell
ers rather reluctant to part with
much at a time even at the better
prices offered. In about ten minutes
6SA was being paid and that was the
highest point it touched during the re-
mainder of the forenoon. Besides the
bulIishness of the Northwestern
spring wheat situation. the worlds
shipments last week were about 2.000.-
900 bu less than On the week before;
ocean passage, and, comparing the do
mestic receipts today and a year ago,
srDrising deficiency is shown for
the present season. The early cables
quoted Liverpool I'D lower, but the
later cablegrams reported an advance
of Id over opening prices Berlin ad-
Vanced IL marks. The Chicago re-
ceipts We're nominally 63 carloads,
o,lno
responding day of the year before.
OF today's nominal receipts Is car
loads were old wheat, transferred from
irregular city warehouses. Out of the
new wheat only 3 carloads were No.
2; in last years receipts on the corre-
spending day 285 carloads inspected
NO. 2 The visible supply was rather
a disappointment to the bulls in that
the weeks decrease was only 754.OOO
bu, as against about double that ouan-
t1ty expected. Compared with last
years increase of 617, 900 bu there were
not much in today's figures for the
bulls to worry over, and neither did
they gr1eVe about it very long. The
price dropped back to 671bc after the
visible was posted, but gradually be-
gan to recover, and in the end it had
tatlon and began to act more in unison
with the character of the news. The
amount on ocean. passage decreased
2,OSO,OOO bu. The amount in the visible
IS now 40,4S3,000 bu, against s.. 785 OnO
bu year ago, and 5S, 500, eco bu at the
corresponding date in 1893 The market
became strong in the last twenty min
utes of the session and about ten min
hn
bringing 6S4c. The latest trading price
was 6S9sc.
Corn was strong for September and
rather heavy for new crop deliveries
oeptember opened with a moderate ad
vance and gradually gathered momer,-
t.Cn Iuin as the session advanced May
warmed up at Lice Improvement aftes.
the opening at CSC decline. The closing
quotations We're September 45c and Nav
599s1 15o%4c, compared with 437sc ami
Soasc respectively on Saturday. The
crop prospects could not he innro1-ed
upon, but on the other hand the de-
niahd Tor spot corn is quite brisk, and
1t is that, coupled with a heavy sborr
interest in September, that caused the
HTlnneSS iTlt Sso IN N that months delivery.
ADout lb0, VtO bu was reported taken for
Shipment in round lots. New York re-
ported twenty-five boat loads taken for
export. -'i
faI The hen market ri for for oats developed few
firmer, but it was entirely in sympathv
with Wheat and corn Septernbe;.
opened at 22s4c, sold off at 22ssc. ao
Vahced to 221sc and closed at 22s4 46227sc.
In ten minutes from the opening the
traders in the provision pit had for
gotten all about a heavy run of hogs
and We're in brisk competition with
each @ other for the hog products on sale.
Cudahy, who is credited with beine.
short to a considerable extent, was ?
buyer of ribs on slight decline at the
start, and Armour & Co. took Tho.
early offerings of pork From $40. S7iS
September pork rose to $11.s5 and
closed at Sl1.2O, as compared with S10. e21s
on Saturday. Ribs for September were
from $3.50 to $6.4215 and closed at
S6;S5q6.Sl1a. Lard closed at Sc. .42iSI6. A.
after selling near the opening at Sc. .S71s
Estimated receipts for Tuesday:
Wheat, 70 cars; corn, 300 cars; oats. i60
cars; hogs. $4,000 head.
The leading futures ranged as ro,x
lows: