St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-24
DROPPED 4 PENNY.
BULLISH NEWS WAS PLENTIFUL
BUT COULDN'T SUPPORT THE
PRICES.
WHEAT AND CORN DECLINE.
CABLE ADVICES DISAPPOINTING
AND THE CROP REPORTS
GOOD. . 8
WHEAT AND CORN DECLINE.
A HALF-CENT RISE SOON LOST.
Late Trading of an Irregular
Sort and the Closing Figures
Lower.

CHICAGO, July 23.-Despite plenty
of bullish news the wheat and corn
markets were weak OIL realizing today,
and closed with respective losses of
1c and sc per bushel. Oats also weak.
Provisions suffered from bear attacks
and cheaper hogs. Wheat started
weak, and remained so despite the fact
that there was much bullish news.
Chicago receipts as inspected into
stores amounted to II carloads, of
which graded No. 2. On the CORE
spending day of last year the inspec-
ton was 725 cars, $50 of which inspected
into the contract grade. Minneapolis
and Duluth received 25S cars, COM
pared with 341 last year. The total re-
ceipts at the West primary markets
were $4,000 bushels, against 1,l74,000
bushels a year ago. The one bearish
feature OF the days movement was the
small Atlantic port shipments, those
consisting of only 1857 bushels of
wheat and 3,753 barrels of flour. The
summing up Of the Official report Of the
worlds exports last week was $685..
coo bushels, compared with shipments
of 9U37 GO bushels from the same place
on the week before. The cables were
disappointing, the crop reports were
favorable, and the crowd of scalpers
-
statement of the weeks changes in the
worlds stock, showing Il decrease of
1920 bushels, caused an advance of
Zee per buShei when it was made
known, but the half cent disappeared
quickly, SO anxious were the scalpers
TO grip the profit in the half cent rise.
Another diversion was made in favor
of the bulls side by the reported TAX
ing for shipment from here of 100000
bushels Of wheat, Of which 10000 BUSH
els was to SO to Toledo, but even that
feature Of the present situation Gre
ated no lasting impression. September
started with sellers at from 681sc down
to 677sc, as against 6S5sc at the close OF
the market yesterday. After gradually
sagging to 673sc, it recovered to 6S3sc,
and twice subsequently it tumbled back
to 6734c and rose again to the previous
highest point reaching 6S12c on Brad
streets bulge, but always tending
quickly back to around the opening
figures. Toward the close the market
was almost bearish in mood, the price
getting down to 67l2c. The closing quo
tation was 6712@672sc.
Corn was again forced to come under
the influence of the fine crop pros
poets. The days receipts numbered
29S cars, and the quantity inspected out
was $4,000 bushels Bradstreet's re
ported the stocks $685. bushels less
than there were week ago, and the
estimated receipts here for tomorrow
We're for only 120 cars, but the fine
new crop prospect oVerShadowed every
thing else, and caused weakness to be
the predominating feature of the days
business. September from 444c and
441sc had a temporary advance to 45c.
In the afternoon it became very heavy.
and was about it's lowest price as the
session was closing. September de-
clined to 44c, and closed at 441sM4iAc.
In oats trading was of very ordi,
nary character. The feeling was COM
paratively steady early in the session,
deriving what little advantage there
occurred from the higher cash market.
The speculative market declined to-
ward the close with wheat. September
opened at 225sc, sold at 22sac, dropped
off to 221ac, and rested at 22l20223sc.
Provisions lost more than all they
gained yesterday, and at the close the
following were the respective losses:
Pork, 421ac per barrel; lard, 10c per
100 pounds, and ribs 20c per 100 pounds
The market was at its weakest near
the end The hog receipts were only
1900 head, but the price was quoted
15c lower than on the day before. Re-
ceipts for tomorrow estimated at TO-
coo head of hogs.
Estimates for Wednesday: Wheat,
SO cars; corn, 120 cars; oats, 70 cars;
hogs, %, eco.
The leading futures ranged as fol.
lows; -