St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-07
Wheat Very Quiet and Almost Lifeless
Closing About Unchanged From
Wednesdays Prices.
Provisions on the Road to Recovery, All
the Hog Products Making Ma
terial Advances.
Corn and Oats Exhibit n Little More
Strength, Closing Firm
and Higher.
stravvs on the stock Exchange Show
Favorable Bun Wind
Blowing.
C4fCRGO.
Special to the GIobe.

Special to the Globe.
CHICAGO., Aug. G.-Neither party wa,
in possession OF information upon which tC
base Il starting market. ami heconsequence
was a moderate degree OF steadiness. Ca
bles gave indications of only d reasonable
degree of tiTmnesS across the pond, and. rs
there was no evidence that any Afg;ans
had been killed OF Russians masSacrcd dur
ing the night, the feeling was 0ne rather OF
depression than otherwise, but the begin
ming was strong. in the face OF everything.
for September. The option for that month
was &c higher than for Yesterdays finish,
but the weakness was visible in October,
which fell off the fractional portion of a
cent. Dull. indeed. was the condition OF
wheat, The scalper only succeeding in get
ting 4 lock here and there. The lowest va
Ration was hardly sufficient TO base hopes
OF a square meal on. and lunch counters
were accordingly well ~patronized. in the
later hours a sizzling, SOLLiing rain gave a
bit of strength, on the SuppoSition that
some damage would be done somewhere, if
the area OF the storm proved anyway eX-
tenSiVe. bat the squirt WAS m0mentary. 4
number of the multitude which studied ge-
ography Monday decided that the wheat
fields OF Minnesota and Dakota were quite
a AtNt'iA'N away anu Nt44tsAilEfi W W. an
further advices. The opening for Septen-
Der was at S95Ic, and
II HIGHEST POINT
reached during the day was 90c. The low
est price. S95.c. was reached just before the
close of the early session, but some North
western crop reports caused a reaction to
the opening figures. On the afternoon
board there was absolutely nothing dong.
In fact no such depression and lethargic
feeling has appeared III the market for
weeks rs peTyaded il all through the day.
The market is in q rut and neither party
seems TO be able TO get the wheels out. Both
bulls and bears are hanging onto their re-
spective ends Of the rope with grim tenac-
ity. waiting for some outside event TO turn
Up" which shall cause one side or the other
TO lei 90. Crop reports are about the same
as they have been. one man telling one
story and another man cO|ntradicting it.
Statistics Of the new crop encourage the
bulls, and the visible supply. coupled with
heavy foreign markets, nerve up the bears.
The close was lifelesS and nominal, at S7%c
for August, S9&Ic for September, 92c for
October, 94c for November.
Corn averaged higher and was moderately
firm. The light receipts of corn tend to re
new the confidence Of buyers, and trading
showed some activity. The feeling in the
pit was very APPLY described by one of the
bulls. who said that there is no old corn in
the country, its all in these hogs that are
coming in here so fast" Local speculation
LOOKED AT IT F~AVoRABLY
al the opening prices. their takings bring
ing about an advance of sc, which was
generally quite well sustained. No. , cash
sold at 46&4 M46Zc. One feature of
strength, in addition, was the receipt Of
buying orders from Central and Southern
Illinois Spectators, and from indianapolis
and ST. Louis, the suppO5ition being that
more damage had been done by the storm
than has been figured on here. Throughout
the day corn was king. with a steady feel
ing. AT The close about &c higher. at 4Tc
August and September, Acc October.
Oats showed tolerabie activity, with
prices advancing 5000, with considerable
local inquiry early in the session, but after
the first hour or two the market became a
shade easier, though maintaining the bulk
of the advance. DepresSions in all other
grains made the market heavy. September
sold at 253 m255Ic, closing at 25Lc, or $lc
higher. August closed at 2615c, October
25@[c. May 2S55c.
Provisions were decidedly stronger than
yesterday, all descripti0nso OF the hog product
recording substantial advances Immediately
after trading began. September pork opened
sc lower on weaker prices for live hogs at
the stock yards. After selling down about
Be, the shorts became frightened at the in
cIeasing buying demand from the South
and commenced to cover, sending the
prices way above Tie opening and
the highest point Of yesterday. when
prices were at a low ebb, but
men who claim to be posted deny it. 4
natural advance after Yesterdays depression
also helped the market to still higher prices.
The most active operator was Bliss, who,
runOr says, caught the market III a very
lucky shape. Toward the close trade was
very slack and the market easy. Pork
closes tonight nc higher, at $40 Aug
Ust. S9.42 September, $3.50 October, 50 Il
November. Lard shows q slight gain al
$3.50 August, &6.35 September. 500 Octo-
Der. Shorts closed steady at $5.45 August,
& f-1< A.1+nu.b a-