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.
Tspecial Telegram to the Globe. |

Especial Telegram to the Globe.
CHICAGO, Aug. 2.-It was quiet and a
9calping 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
were reported slow and neglected and New
York markets have been weak all
day. Weather and crop reports
we're favorable and receipts of wheat heavy.
1t looks, however, as if the break had
about reached bottom and prices are not
likely to 90 much lower before an upturn.
Wheat dropped al@15c and September closed
At S3Tc against S5$lc yesterday. Corn fell
f@1 &c with closing sales of September at
b319c and oats were B@Hc lower. Pro
visions were dull and shade lower; lard
closing at $40 for September, against
k7.4719 yesterday, and ribs closing at 38.42T
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 a 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 83N 20 83M
ior September ruled steadier and then de-
clined about &c, rallied tride and finally
closed at 1915 bid August closed at 81 &c.
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 a seller this morn
Ing, and so were Kent & 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@11lc for the various futures and
finally closed at 5335@531Gc for September
and 5S5Gc for August.
Only 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
10@15 lower. Sales of September
ranged at s789%@7.45 and closed
steady at s7.4o@7 421l Prices of short
ribs ruled easier Fand declined 1O@12Hc,
but rallied about &c and closed steady at
$s.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 1o@15c on all suitable
stock for the shipping of dressed beef trade.
There was brisk demand for Texans and
they also sold a strong 10c higher. There
has been an advance of 20@40c 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