The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-06-26


CHICAGO June 25.-Wheat again
stro1A'y affected by the Bog:e man of the
shorts-fear of July manipulation. The re-
suit was seen in a good many violent fuc-
tuations, and a closing advance of about 112c
in July. other grain and provision markets
were neglected: corn closed unchanged; oats
&c lower and provisions 219q5c higher.
In wheat the main question again the
July deal, and the trading in that future
soon disclosed the fact that it was all alive
and stuffed with dynamite. September got
some advantage from the rapidly Of the
opening bulge in July, but the former pro
ceeded at quite le:surely pace while the
latter was scattering the shorts by the force
Of It's explosion. Apart from the attitude Of
the July future the influence of the early
items of news was. generally bearish Liver
pool showed only a I'D advance In response
10 a I'D rise here yesterday. The most
bearish feature Of the situation. however,
was the home harvest prospects, winter
wheat tlop OF over 800 00G, 900 Blu is gener
ally admitted and the news from the North
west was that the spring wheat in the Da-
kotas, Minnesota and Manitoba was making
excellent progress On the other hand, New
York reported foreigners buying futures and
reports Of damage by storms were thick from
South and Southwest. Chicago receipts of
got 267 ears against 416, the corresponding
day of the year before. July opened at from
697sc to roc, as compared with 70as67012c at
the close yesterday. 1t lowered for few
minutes between 7014c and 702sc, and then
shot up to 1l2c, like the cork out Of a
champagne bottle. There was plenty for sale
at the latter price. both then and On other
occasions during the forenoon, when, after
downward reactions. 1t back with a
rush to that point again. On OF the
latter sudden recoveries its impetus could
not be stopped until ii got to 717sc. During
the considerable intervals when the hands
of the manipuators were idle. the price Was
inclined 10 sag and trading was very light
but highly sensitive to an order for more
than 5000 bu or 100t0 blu. The best prices
OF the day were made about fifteen MN
utes from the close. Several prominent
houses were heavy buyers, and in the general
mauling July shot up to re. The closing
price was 717sc.
Corn was firm, but much less active than
on the day before. The market for The most
part followed the course of wheat opening
cas-, Ind advancing as wheat Jumped sky
ward. Shorts who were the run yester-
day were conspicuous by their absence to-
day The dullness of trade caused prices to
sag late in the day, the result being sub
stanualy unchanged prices at the close
= Local receipts were 526 ears. Jlly opened
&c lower at 247s@25c sold at 251s@25Ac, and
declined to 25G25ISc. That was the closing
price. Oats started firm. but yielded with
corn Trade was not large, in fact. at tines
the market was almos; at a standstil No
features of interest were reported Ship
ping demand was poor. Local receipts
were rosted at 81 cars. July opened ur-
changed at 1870. sod at 1S1sG1S1lc and de-
cAned to lSc. where it closed. Provisions
were slow but firm. The opening was easier
on the decline in prices at the yards. This
decline was soon recovered on some short
time was lively. and was mostly limited to
me early hours. At the close July pork
was 212c higher at $3.50; July lard sc hig cher
at 1885, and July RIBS 212@5c higher at 81 Al
az Estimated receipts Saturday:
wheat, cars: corn, APO cars; oats, go cars:
hogs, 1900 head.
Inc leading futures ranged as follows: