St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-08-03
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 ,


CHICAGO, Aug. at was a quiet and
scalping 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
were favorable and receipts of wheat heavy.
1t looks, however, as if the break had
about reached bottom and prices are not
likely to go much lower before an upturn.
Wheat dropped 3l@5sc and September closed
at 8316c against S52lc yesterday Corn fell
l@1 sc with closing sales of September at
531ac and oats were 15(014c lower. Pro-
visions were dull and shade lower; lard
s7.47T yesterday, and ribs closing at SS.42X
for that month, drop of &C. Cattle were
lO@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 S3I o. 83%
for September ruled steadier and then de-
clined about &c, rallied triie and finally
closed at S315c bid. August closed at Ike.
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 & 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 5335@5315c for September
and 533sc for August.
Only moderate business was transacted
in provisions and an easier feeling prevailed.
Offerings we're 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 S73915@745 and closed
steady at S7.4O@7. 4215. Prices of short
ribs ruled easier land declined 10@12%c,
but rallied about SC and closed steady at
SS.4219@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
q strong 10@15c on all suitable
stock for the shipping of dressed beef trade.
There was brisk demand for Texans and
they also sold strong Zoe higher. There
has been an advance of 20@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.