St. Paul daily globe., 1886-08-19
The Leading Cereals Open Firm and
Higher, but Close at About
Tuesdays Prices.
Wheat Gets It's Strength from the Export
Movement at the Seaboard and
Sells Up to 1880.
Corn Moving in Sympathy With
Wheat, Aided by the Large
Shipments.
Wall Street Flooded With Sellers and
Bear Reports and Lower Prices
in Order.
Chicago Grain and Provisions.

y
Special to the Globe.
CHICAGO, Aug. 1S.-At the open board call
wheat opened 5sc above last nights closing,
and held moderately steady all through the
session. September was 7S1ac at the start,
and the call closed with it at 1880 Pupnc
cables from across the water came IN STEADY,
with former advanced quotations firmly held.
The grain inspectors report shows to-oays
receipts to be 81 cars winter wheat, 5I cars
spring wheat, 566 cars corn, 162 cars oats,
ears rye, and IS cars barley. The canal
brought in 5000 bu corn and l2,5UO Du oats.
Withdrawals from store were: 1850 bu winter
wheat, 3,262 bu spring wheat, 322, 4o9 On corn,
and 32 5S2 bu oats. The opening at $3.50 on
the regular board was at 7S14c for the Septem-
ber option and in the first few minutes around
the opening it touched TS401S5sc, and 1890
1S1zc, but there was an appearance OF
strength running through the market at
these figures. The grain on ocean passage
showed a slight increase, but scarcely enough
to effect the market very noticeably. ABOUT
1880 o'clock private cables came in rather
bearish and the dull business being done left
the market in q good condition Tor decnhe.
At this stage ''Hutch" and Cudahy both TOOK
advantage of the situation and sold fairly
large lines. The sentiment OF the crowd
turned bearish and the selling became gen.
eral. The September option took a further
decline from 775s@7So to TT1a@T7sac. Here
the decline was checked, and after holding
steady around that price for a few minutes 1t
again moved upward, touching at 1870 in
the next forty minutes. This last bulge was on
good buying by Robert Warren who seemed
to have the call on foreign cables. He was
helped at the right moment by renewed talk
of exports and by New York and Baltimore
ciearances, which aggregated about 100000
bu From IL to 12:30 the market held steady
at from 1880 to 7S1SG7SAc.
IN THE CORN PIT
A. Of
the greater part of the time, but Warren oc-
casionally came into the pit and bought
fairly well. The fluctuations were mainly in
sympathy with wheat, and the September
option got down to 1890 around IL o'clock.
The market advanced &c later, when it be-
day would aggregate fully 100000 bu.
In provisions there was steady
business for a few minutes only
after the start-otf, and after the market sold
steadily downward. October lard was the
only option in the list which opened above
last nights closing. It opened at $3.50
against close of S6.S75a, and declined to
S6.S213, recovering later to $6.S5. Pork and
ribs sold steadily downward. September pork
opened at 50. 621a and sold down to $3.50 be-
fore noon. Brosseau was fair buyer early,
aud William Young s. Co. sold a few thousand
barrels. The decline was mostly attrib-
uted to large receipts of hogs at
the yards and their better quality.
The long side of the market in the last half
hour was firm, and September pork advanced
from $3.50 to S9.55. The first official quota
ton in corn was at the curb price, 44c, or 1sc
above last nights close. This was wide of
the real market, for the next quotation an
instant later was 1890 or 1sc below the close
yesterday. Under light trading the market
sagged slightly and the September option
Sold down to 1870. During the first hour it
was moderately steady at between 1870 and
1890, the larger part of the time at the latter
figure.
PETER BERKEY. Pres. f. W. ANDERSON, Cashier.
c Nv. GRIGGs, V. Fres. A. C. ANDERSON, Asst C.
THE ST. PAUL NATIONAL BANK,
CAPITAL, $5O0.000.