St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-03
IN SPECULATIVE PITS.
a Listless Crowd of Traders on the Chi
cago Board of Trade Yes
terday.
Wheat Goes Up Cent on Account of a
Less Increase in the Visible
Than Expected.
Range of Fluctuation--Trad
Confined to Scalpers.
Granger Stocks Strong, Owing tt
Rumors That Armour Heads a
New Pool in ST. Paul.
Chicago Grain and Provisions

chicago huo Ot1SlShSs
Special to the Globe.
CHICAGO. Aug. 2.-There was very
listlesS crowd of spectators lounging
through the corridors of the board this
morning, for they were short on market
news. More depends on the weather on
the other side to-day" remarked one OF the
firm of LamSon Bros, THAN on anything
else. We haven't heard much from the
corn belt so far this week, but L don't see
anything to prevent prices going higher.
On a basis of 2,000 600, 600 bushels as last
years crop we are about 25 per cent. short.
the highest estimates placing the present
crop at 1000, 000,0 600. Under the most
favorable conditions from this time on, these
figures can only be increased about II per
cent" On wheat, up to $50 o'clock. there
was practically no market, the only price
mentioned being Saturdays close OF 762sc
for September. Fresh receipts were 259
cars of wheat of which $50 were winter
and 20 spring. There were Z cars Of
old winter and 9 of new spring.
Corn receipts were 419 cars and
oats 257 cars. There was almost nothing
done on the curb though nc was finally
bid for September. This was the opening
figure at 1890 O'clock the price going up
10 Wllllll a. lew luliluGCo. uO COli
market. Notwithstanding a moderate rain
fall pretty much all over the West and
Southwest, was firm and little higher
than Saturday. September opened officially
at 45Ac, though there were sales at the
same moment at 45c. For a few moments
it moved between 1873 and 1890. Bangs
was buying, but the crowd generally were
sellers.
DETTN-TRJFS TO-nAY WE'RE HEAVY
in provisions and moderate in wheat and
corn. AS usual, the stuff all went to
carriers. 1t being a holiday III England no
public cables were received. The early
strength in wheat, which it is
claimed came largely from the
amoant worked" for shipment Satur-
day, remained in the market until
September reached 7719c, about II o'clock,
but from that time on prices became much
easier and settled back point or two below
nc. The increase in the visible supply, as
announced by Secretary Stone near noon,
was 2, 500, 900 bushels. AS all increase of
about 5000, 900 bushels had been figured
on. this sent wheat up to 771sc. Corn was
a very steady market, with the early sales
at the top of the market-465sc. Sales
were plenty around 4434c, which was the
bottom price. Toward the close it firmed
up to A &c and closed at opening figures.
Neither buying nor selling was at all pro-
nounced in any of the pits. Probably more
firmness prevailed in provisions than any
where else ON the floor. September pork
sold up to $10.32A from $10.15, but re-
acted to S10.25. Small grains were quiet
and unchanged.
PETER BERKEY. Pres. F. W. ANDERSON. Cashier.
'9-W GRIGGs. Pres. A. c. ANDERSON, Asst c.
THE ST. PAUL NATIONAL BANK.
CAPITAL. 100000.
Corner Fifth and Jackson streets