St. Paul daily globe., 1895-06-21
TWEEN TWO FIRES
BULLS AND BEARS HOLDING
WHEAT TH A PRETTY TIGHT
PLACE.
LITTLE BOUGHT OR SOLD.
EXPORTS KEPT UP THE PRICE
AND EVEN ADVANCED II
SLIGHTLY.
THE RECENT SUDDEN BREAK.
1t Was More Severe and Lasting
Than Most Spcculafors We're
Looking For.

CHICAGO. June 20.-After an early
decline and a. hard struggle around Tic,
wheat wound up at 72c today, or &c
higher than yesterday, fair export
business preventing a decline. Corn
and oats closed unchanged, but pro-
visions were weak, closing at de-
clines. Export business, it is said, was
necessary to maintain wheat prices
even around zoe. New York reported
particulars of sixty boatloads taken
there and elsewhere for foreign ship
rnent yesterday, and claimed to be
working more today, but no great en-
thusiasm among buyers was OBJ
serVable for some time after the ex-
port business had been made known
to everybody. The first trading at the
opening was at from 7l1sc to 71Ac,
at which prices the offerings were
light. The shorts seemed satisfied to
buy in their wheat at the opening,
and it was due almost entirely to
their efforts to do so that a quick
rise to 7Z3sc took place. Following
that it had a break to Tic, and then
it rose again to 72c, under the in
fluence of the export business. The
trading in the pit did not suggest
VI manly lIcoI DuXllG or
ders Tor long account as having re-
suited from the break, the severity of
Whlch was so much greater than had
been looked for by all but a few of
the bears. The general tenor of the
market news was In favor of an ad-
vance about the only bearish features
peinS the continued good reports of the
spring wheat, and the readiness with
which the European markets respond
to decline here. The MINNEAPOLIS
and Duluth receipts were 140 cars,
against 16l last year. and ass cars on
the corresponding day of 1888 Chi
caSo received twenty-one cars. includ-
lng nine from Irregular city houses.
st. Louis reported sales of wheat at
considerably over the July price for
shipment to points in Tennessee and
Missouri, and in those states rains
were interfering with harvest. 1t
rained yesterday in Southern Indiana
and Southern Illinois and Tennessee
Kentucky, Ohio and Missouri and a
general rainy condition was reported
throughout the Ohio valley. The ex-
port clearances of flour and wheat
from the Atlanta ports equaled 250,-
00C bushels, of which 131, 900 bushels
was in the shape of wheat. Anything
over u cents for July brought out
enough selling orders to keep it under
that figure during the greater part of
the day, and similarly at under H1ac
there were waiting buying orders.
The sellers at 72c were afforded an
opportunity to sell at that as the ses-
sion was nearing its end, and there
were buyers at 71Bc as the bell tapped.
Corn was moderately active, rather
unsteady, but in the main firm. The
receipts were again light, the number
inspected into store being so cars. st,
Louis reported $1,000 bu sold for ex-
port via the river, and New York re-
ported ten boatloads taken for export
there. In the last ten days 100000 bu
were sold in New York for shipment
to Mexico and the West Indies, ac
cording to advices from New York.
July was sold at 49c at the opening
and as high as 49Ac in a few min
utes later, after which it sold as low
as 1880, then up to 4912c, and closed at
494c.
Oats were even more quiet than yes.
terday. The entire business of the day
was confined to few local trades.
Fluctuations were narrow and inffu-
enced entirely by wheat and corn,
opening about steady, advancing
trife and resting just where they
closed yesterday; September from $50
281sc to 2S9sc and ended at 28Hc.
Some one instigated raid on pro-
visions during the day. The highest
prices of the day were made at the
opening, but near the close there was
buying which caused a recovery from
bottom prices of 15c in pork, 212c in
lard and sc in ribs, but that still left
losses of 45c in pork, from sc to TIC
in lard and 10c in ribs. Hog receipts
We're 25,000.
Estimated receipts for Friday:
Wheat, 81; corn, 110; oats, $50; hogs,
1860.
The leading futures ranged as fol-
lows: