St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-04
DULIi IN THE PIT.
WHEAT RECORDS A SLIGHT De-
CLINE, WHILE CORN MAKES :
AN ADVANCE.
SLUGGISH SPECULATION.
WEAKNESS MAINLY DUE To
GOOD WEATHER NEWS FROM
THE NORTHWEST.
RECEIPTS UNUSUALLY LIGHT.
Atlantic Exports Reported Sur
prisingIy Heavy-Deaiings in
Europe Quiet.
SLUGGISH SPECULATION.
RECEIPTS UNUSUALLY LIGHT

CHICAGO, July 3-Trade was dull
today in all departments Of the SPEC
ulative business. The holiday ton1or-
. row had much to lo with the small
trade, but besides that there is Il great
lack of outside speculative invest
mentS. Wheat was weak and about
5sc per bu lower; corn averaged ilrn
and gained k@Ac for SEPTEMBER, AMI
oats closed Ac higher. Provisions
were firm and show small gains. Weak
Tess was the feature of the early trad.
ing, the opening transactions taking
place at from Ac 20 sc below the
closing figures of yes+A day. he main
source of the weaker falling Has in
the Northwest, where the weather was
of the most favorable character for tho
wheat plant. Outside of that feature
Of the situation the news Of the day
was more bullish than before, as the
following enumera rto.l OF the principal
items will demonstrate. The Chicago
receipts were only nine carloads, two
of which were new wheat, one cargo
adding No. hard and the other Nc.
4 red. Minneapolis received SO ears
and Duluth 65. or 1853 cars in all, COM
pared with 406 yesterday. At the chief
Western winter wheat markets the re-
ceipts were as follows: Kansas City,
4,SG0 bu; st. Louis, 1887 gu; Toledo,
1900 blu, and Detroit. $50 bu. The
shipments from Duluth today amount
$4,000 bu shipped. The exports Of
wheat and flour from the Atlantic
ports were heavy in comparison with
the average Of the last ten days, the
total amounting to the equivalent Of
100000 blu, 254, 0G0 blu of which were in
the shape of wheat. The early Liver
pool cablegrams quoted an advance
there of I'D per Genital, but the later
cables reported a decline of I'd since
yesterday, the later decline there re-
sulting probably from the weak open
ing in Chicago. Berlin cablegrams re-
ported firmness and a slight advance,
while Paris sent no report, and Ant
Werp repeated yesterdays quota tons.
The seaboard reported some inquiry
for export, but chiefly for flour, and
Duluth wired that there were buying
orders from abroad for flour in that
market. The market here, after de-
cline from around 112c at the open
ing to a point below Tic, and a recovery
to around INC, settled into sluggish
| ness, and assumed the usual character
istics of the day preceding the great
national holiday. The business of the
board was interfered with in the latter
half of the session by the patriotic
zeal of some of the younger members,
OF September was kept between Tic
and 7112c, with the lower edge of the
! range prevailing near the end. The
| closing price for September was 711s@
| 71Ac, and for July, 691s@69Nc.
The corn market had some weak
spots, but on the whole ruled firm
| compared with the limpness of the
| wheat market. The fluctuations We're
confined to range of about 1c. The
seaboard advised a good export in
| Cfl1ip md f1,oi,.
ecution here. About forty boatloads
| We're reported sold at the saaboard,
| which means the. shipment of that
quantity from here. Receipts here
were nominally 1G4 cars, but 10 of those
| We're merely transferred from irregular
| houses. September opened easier at
| 46c, declined to 1880, rose to 461ac, and
after fuctuating between Acc and 4614
the most of the day, closed at $40
1880. The action of the oats market
| of late have sold freely and weakened
prices were buying today, and caused
| a sharp advance. Some good sized
short lines were covered during the
latter part of the session. September
started at from 241sc to 24Ac, weak
ened to 235sc, rallied to 24ss@241lc. sank
back to 24c, and finally recovered to
| 24Ac. The provision trade was rather
| aull, but the market was strong, and
1t was found difficult to buy any with
out advancing the price. July daliv-
cries were principally in demand, indi-
eating an unliquidated shortage for
this month. The hog receipts were
only $4,000, and for tomorrow's run
but q, 900 are looked for. Prices at The
close, showed the following advance
Tor the day: July pork, 10c; Septem-
Der, PIC; July, lard, SO; September,
PFC; July ribs. 10c; September, sc.
Estimates for Thursday and Friday:
Wheat heat, 10; corn, $50; oats, 200; hogs,
The leading futures ranged as for.