St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-15
POUNDED BY BEARS
PRICE OF WHEATCUT DOWN BY
ONE CENT AND THREE
QUARTERS,
BUT CORN CLOSED HIGHER.
CROP STORIES VERY CONFLICT
ING AND THE OPERATORS
QUITE AT SEA.
CUDAHY AND LINN SELLING
Heavy Loads Thrown On The
Market Prevent 4 Recovery
of Prices.
BUT CORN CLOSED HIGHER.
cuDAHY AND LINN SELLING

CHICAGO July 13.-The bears recov-
cred from their crop damage scare TO-
day and pounded 1870 off the value Oh
the September option. Corn closed Csc
higher for September. September oats
closing unchanged, ana provisions nm
ished at declines. The fact OF gold
shipments having commenced was
taken advantage of to knock the price
of wheat down on the curb before the
opening, and in the regular session
the market was again knocked of Its
bull stills by the cold smuggling OF two
OF the operators on the bear side. Inc
crop reports were very conflicting,
ranging from stories of Sensa tlonal
damage to promises of unusually big
yields Such We're the reports from
which the trade here had to make their
minds up, and while they hesitated,
Cudahy and Linn appeared to be Civ
ing carte blanche to their brokers to
sell September wheat. Foreign mar
kets were firm. private cablegram
said great heat was prevailing i'll Rus
STA and wet weather III France was
injuring the crop Of the latter country.
Receipts were 81 cars; Minneapolis and
Duluth got 81 cars, against 149 cars
year ago. Argentine shipments for the
week were 10, GOO blu. Export clear
anGeS for tWenty-four hours were
equal to 9SO00 blu. including -four the
opening price of September wheat was
from 675sc to 67$4c, and in about i've
minutes it had appreciated to 6S1sc.
From that time the price tended down
ward, and in the end the depression
produced by the persistent and heavy
selling, on account of the spectators
already named, became aggravated,
and the lowest prices of the day were
current about the close. September
declined to 6614 @663se and closed at
66j5c.
The corn market was strong for Sep
TENDER and firm for May. The firm
ness of May was due to the nervous
ness impaired to it from sympathy
with the advance in September. The
latter was governed altogether by the
efforts of the shorts to get out OF an
awkward predicament. Inspired by the
fine prospects for growing corn there
has been created a. great shortage in
September, that month being the only
active future for which there were any
active buyers Now the sellers are
wishing they had sold further ahead.
September opened at 457s@4524c, rose
irregularly to 47Ac, and closed at 461sc,
an advance of &c fer the day. There
are some bad reports coming in from
the West regarding the effect of the
heat, and message from Plaintield,
HI, said the thermometer stood 90 in
the shade and corn was suffering.
The market for oats was steady,
with little stuff to be had and hardly
enough orders in to take UP the few
scattered lots. September started at
1880, sold up to 235s @23a4c, down to
231.c and closed at 23ll Q23ssc.
a strong opening in provisions was
followed by a drive at the market by
the interest which is selling short
wheat, corn, oats, pork, lard and ribs.
Prices of ha
day before show declines as follows:
In pork, 10c; lard, 212c; and ribs, SC.
Estimated receipts for Monday:
Wheat, 50; corn, 800; oats, 200; hogs,
10000.
Inc leading futures ranged as Iol-