St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-04
SATURDAYS MARKETS.
A General Tendency in Cereals to
Find a Lower
Level.
The Provision Pit Continues to Show the
Fine Italian Hand of the
Manipulators.
CHICAGO.
Especial Telegram to the Globe |

Especial Telegram to the Globe
CHICAGO, Aug. at was a quiet. and a
Gcalping day on Change and prices Of all
leading articles were on the downward track,
except. of course, manipulated pork, which
serenely held its own. Outside were nil and
the little trading that was done was between
local operators for scalp. Foreign markets
we're reported slow and neglected and New
York markets have been weak all
day. Weather and crop reports
were favorable and receipts of wheat heavy.
It looks, however, as if the break had
about reached bottom and prices are not
likely to go much lower before an upturn.
Wheat dropped $4@Ic and September closed
ut S3Bc against 652lc yesterday. Corn fell
i@1 &c with closing sales of September at
631Ic and oats were 75@4c lower. Pro-
visions were dull and shade lower; lard
closing at $40 for September, against
e7.4719 yesterday, and ribs closing at .42%
for that month, drop of sc. Cattle were
10@15c higher and hogs lower A moderate
business was transacted in the wheat market
at weak and declining prices. Fine weather
and lower markets east and at other wheat
markets, larger receipts here and at
st. Louis had weakening effect on
the market. There was more pressure to
sell and some long wheat, it was
said was brought out by the decline.
The market opened lower at 83H "a 835
Cor September ruled steadier and then de-
clined about &c, rallied a trife and finally
closed at S315c bid. August closed at 81 Nc
There was more disposition 10 sell, and the
demand from the short interest was light
The decline of wheat exercised weakening
effect on the market and so did the fine hot
weather. Nat Jones was seller this morn
Ing, and so were Kent IL Hutchinson, while
Adams was buying. If he had not prices
would have broken more than they did
The market opened a shade lower and de-
clined 1@115c for the various futures and
finally closed at 533s@531Gc for September
and 5355c for August.
Only a moderate business was transacted
In provisions and an easier feeling prevailed.
Offerings were not large and speculative de-
mand limited. Prices ruled lower, chiefly
Influenced by the fact that stocks were re-
ported as larger than anticipated. Pork was
rather inactive and lard ruled
10015 lower. Sales Of September
ranged at s7391l@7.45 and closed
steady at 7.4o@7.491z. Prices of short
ribs ruled easier iand declined 1O@121Ec,
but rallied about Sc and closed steady at
$8.421l@S.45 for September. Receipts of
cattle at the stock yards to-day were very
light with the bulk of fresh arrivals Texans.
The demand was active and prices advanced
strong 19@15c on all suitable
stock for the shipping of dressed beef trade.
There was brisk demand for Texans and
they also sold strong 10c higher. There
has been an advance of 2O@4Oc per 100 on
both natives and Texas since Wednesday
and Thursday. On these days the "Texas
fever scare" sent prices down to the lowest
notch
Receipts of hogs were light. The market
opened active and prices ruled steady, the
spectators buying about all the stock, but
later they found they could not sell and the
market closed lower.