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. ~. :
A HALF-CENT RISE SOON LOST.
Late Trading of an Irregular
Sort and the Closing Figures
Lower.
a HALF-cENT RISE SOON LOST.

CHICAGO, July 23.-Despite plenty
OF bulliSh news the wheat and corn
markets were weak Oh realizing today,
and closed with respective losses of
1c and 7sc 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, 4 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 LIZA, 600
bushels 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 1888 barrels of flour. The
summing up OF the official report of the
worlds exports last week was $685..
G00 bushels, compared with shipments
of 9,037, GO bushels from the same place
on the week before. The cables were
disappointing, the crop reports were
favorable, and the crowd of scalperS
all seemed to be long. Bradstreets
statement of the weeks changes in the
worlds stock, showing a decrease of
100000 bushels, caused an advance of
1.c per bushef when it was made
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 ere
ated no lasting impression. September
started with sellers at from 681sc down
to 677sc, as against $3.50 at the close OF
the market yesterday. After gradually
sagging to 613sc, it recovered to 6S3sc,
and twice subsequently it tumbled back
highest point. reaching 6S1ac 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 size. The closing quo
tation was 671z@679sc.
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 264,000 bushels. Bradstreets re-
ported the stocks 100000 bushels less
than there were a week ago, and the
estimated receipts here for tomorrow
were for only l20 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 4434c and
441sc had a temporary advance to 45c.
In the afternoon it became very heavy.
and was about its lowest price as the
session was closing. September de-
clined to 44c, and closed at 441sM44Ac.
In oats trading was of a 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 22a4c, dropped
off to 2215c, and rested at 22ll3@223sc.
Provisions lost more than all they
gained yesterday, and at the close the
following were the respective losses:
Pork, 4212c per barrel; lard, 10c per
100 pounds, and ribs zoe per 100 pounds.
The market was at it's weakest near
the end. The hog receipts were only
1890 head, but the price was quoted
15c lower than on the day before. Re-
ceipts for tomorrow estimated at 20,-
coo head of hogs.
Estimates for Wednesday: Wheat,
SO cars; corn, 120 cars; oats, 70 cars;
hogs 20,o00.
The leading futures ranged as fur
InwS. ~