St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-30
ARGENTINE BEAR. NEWS.
LAST WEEKS SHIPMENTS RATH-
Err MORE THAN THE AVER
AGE.
INCREASES AND DECREASES
Several Wide Fluctuations. but
the Closing Price 81 Little Bet
ter Than Saturdays.

regular today, but finished with 5sc
gain, helped by better cables and a
liberal visible decrease. September
corn closed 1sc lower, September oats
1sc higher, and provisions advanced.
The wheat trade was surprised to find
that the Argentine shipments for the
week, instead of being under 100000
bushels or nil, as one cablegram re-
ceived on Saturday had it, really
amounted to the quantity of $50 600
bushels. That was the reason for
quick drop at the start from TIC to
71Ac, for September wheat. 1t had
barely touched the lower of these quo
tations, however, when it started up
again in a hurry, and inside of the
first fifteen minutes it had risen to
72Ac. The first fifteen minutes the
price was very irregular. After that,
with a strongly bulliSh undertone on
the small business which was going
on, from 7214c it dropped to 715sc, rose
again to re, and after some imma terial
fluctuations it got to a still higher
point than before, getting to 73c about
two hours from the opening. The
Russian shipments for the week were
reported at from 100000 bushels UP to
2,5OO,OOO bushels, and India's at only
100000 Estimating the SHIPMENTS
from sundry ports at 100000 bushels,
and assuming the Russian shipments
at 100000 bushels, the worlds ship
ments for the week would aggregate
1920, coo bushels. That, being under the
recent average, was instrumental in
causing the advance and strength Of
the forenoon. The primary market re-
ceipts compared with those Of the year
Infn hi - he 4rtI~ Z
ficiency for the present season as they
have been doing since it commenced.
New York ruled strong, and the differ
ence in price between there and here
widened to 41zc per bushel The Wis
ible supply also showed up well for the
bulls, but before it's figures We're an
nounced the days advance had ap-
parently run it's course and by that
time the early buyers We're looking for
some such sustaining feature to hold
the market for them while they I'M
loaded. The price of September was
721sc when the visible figures were
| made known and in twenty minutes
| thereafter it had declined to INC.
Chicago receipts consisted of no car
| loads by rail and 10,500 blu by canal :;
i the latter was all No. red, but
only three cars of the rail receipts in
| Duluth received 24S cars, against 42a
| a. year ago, and the total of the
| primary Western market receipts was
| 1856, 600 bu, compared with 1862 coo bu
last year. The export clearances from
| Atlantic ports for twenty-four hours
were equal to about $4,000 blu includ-
! ing flour. The visible supply nominally
| decreased 1,254,GO0 blu, but as q, Chicago
| elevator holding 493,0 eco blu which was
| counted in the stocks in sight last
week, was included today, the actual
| decrease for the week was only 761,-
COO blu. The total in the visible is now
| SO, 600 bu, against 81, isl, 900 bu -laSs
! year and 59,307, 600 blu at the corre-
spending date in 1898. The quantity OF,
ocean passage decreased 100000 ana
the English visible increased $780, eco
| bu. After the selling out of long wheat,
| which followed the posting of the ViSI-
| BILE statement, another set of operators
| began picking it up again, and near the
end it was bringing 723sc again, with
72Ac the trading price at the close.
Liverpool, Paris and Antwerp markets
all came firm and slightly higher a.
! the close, and Berlin was unchanged
for near deliveries and only about &c
per blu lower for the more remote
| futures.
Corn held remarkably firm consider
ing the further progress under favor
able weather conditions of the biggeS,
crop on record as far as 1t has gone
The good demand for cash corn was
|
and it in turn helped May. The re,
ceipts today were 452 cars here. Ar
gentine shipping /. 424,0G0 bu last week
The visible supply decreased $4,000 bu
the week year ago. The total of the
visible supply is now 100000 BIZ
against 1890 blu at the similar time
a year ago. The demand for spot corr
was of sufficient urgency to make i
salable at 14c premium over Septem
Der and even &c over in an excep
tionally favorable position. The range
for September was narrow, 42c beins
the lowest and 431ac the highest fol
the. day. It opened at 43c and 427se
chung around 43c during the create,
part of the day and was bringing 1875
at the close. May closed at 3524c O.
&c lower since Saturday.
Oats were inactive and almos
| featureless. The average tone of tn
market was inclined toward firmness
| affected to some extent by highe
cash market. but mostly in sympath,
with wheat and corn. The visible sup
| ply showed decrease in oats of $50 90
bu and left the total stocks in stor
Asst, COO bu. September opened at 225sc
sold up to 2224e, down to 221ac ant
| closed at 225sT22$lc.
The provision trade was dull an
gave very little indication Of improve
ment in price until near the end of TIL
session. when a demand sprang u
| Wnlcn leII NatOeS at Sto.oZi2 Tor Septenl
Der pork, $6.371a for lard and S615 70
ribs These prices. compared with tn
final quotations on Saturday, SHOW
gains in pork, lard and ribs of 171a
fog the former and sc each for the lat
ter
Estimates for Tuesday: Wheat. 10
cars; corn. $50 cars; oats, $50 cars
hogs. 10000 head.
The leading futures ranged as FOL
lows:
OPEN High Low Clos