St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-08-14
GOING STEADILY UP.
An Advance of Nearly Two Gents in
Wheat Owing to the Large Export
Movement.
There We're Plenty Of Buyers in Chicago
and the Close Was at Top
Prices.
Big Receipts and Rains Have a De-
pressing Effect in the
Corn Pit.
Everybody Selling Stocks in Wall
street and the List shows
Decline,
Chicago Grain and Provisions

Chicago Grain and Provisions.
Special to the Globe
CHICAGO, Aug. 13.-Signal service re-
ports indicate that recent prayers for
rain have been answered. During the past
wenty-fOur hours rains have fallen in Ne
oraska, Iowa, Illinois, Indiana, Missouri,
Dakota, Minnesota, Michigan and Ohio.
1t has averaged half an inch in Iowa, east
ern Nebraska, Illinois, Indiana and Ohio.
Local rains are indicated to-day very gen.
orally through the corn belt. The effect of
this rainfall on the market was only
slightly easing September opened at 441Sc,
selling between 4436c and 4419c.
But receipts overran the estimates in nearly
everything. Wheat inspection was 1853
cars, 1913 being winter and 40 spring; corn,
7S4 cars. and oats, 2S6 cars. Shipped out
there were 1872, 165 bushels winter and 6S,-
$50 bushels spring wheat, 367, 09S bushels
corn and S,027 bushels oats. September
wheat opened at 7735;. selling back to
771Sc. AS the market was mainly advanced
on the curb last night and this morning,
there was no great activity in the opening
market. After selling at 7715c, wheat adj
vanced firmly to 775sc, but reacted. Moth
ing especially interesting was done i'll this
market nor was there anything special
present to induce movement in prices.
Corn was heavily sold at the opening
around axe by Schwartz Dupee, Kam-
merer and others, but they only broke
prices fraction. On subsequent recoy-
cry Bangs led the buying. About the only
talk affecting the market was Oh
THE EXPORT MOVEMENT
and the attitude of shippers in general
Nearly all the houses having foreign con-
nectiOnS were favored with orders, which
had quite strengthing effect. By noon
September had picked up to 77%c., and
showed almost as much disposition to go
higher as to stop there, but later fell off.
Small orders Oh the buying side were very
plenty, but they were cut up among such a
multitude of brokers that they had
no significance at all. The close was
steady and about firm at quotations.
Just prior to l o'clock the bulls got together
and boosted up the market, putting Sep
TENDER to 1880 on export talk. 1t closed
at this figure. After the first half hour or
so corn kept up its very narrow range of
prices and did nothing worth speaking of.
From 44@sc there was decline to A ~ C,
followed by partial recovery. In a gen
eral way the tone of the market was weak,
spiritless, and inclined to fall off in price
rather than advance. There was little
heavy trading after the opening. One
hears very little nowadays about armour
and his rib deal. The price has moved SC
in as many days, To-day all hog product
was slow, with pork lower.
The Quotations.
CHICAGO, Aug. 13.-Flour steady and IN
changed. Wheat active and higher closing
IA higher than yesterday; sales ranged:
August, 7694@771%c, closing at 771&c; Septem-
Der, 77@7SsEc, closing at 1880; October, 800
60Ac. closing at S04c; Nc. 2 spring, T719 I;
No. 2 red, 1890. Corn fairly active, and a
shade easier; cash, 1870: August, 43@43Hc
closing at 1910: September, 44H@445sc,
closing at 443@c: October, 441%G45 1850.
Oats steady; cash, 2714027asc; August,
q slice: September, 2S3s@02S 9-16c, closing at
2Ssac; October, 291a@2956c. closing at 2914c.
Rye steady; No. 2 sic. Bass4y weak; No. 2,
6019c. Flax seed strong; No. 1, S1.16.
mess pork fairly active and easier; cash,
S9.65; September, $965@9.T5, closing at SO. 70;
October So 1903 So, closing at $9.7712@D9. so.
Lard firm; cash, $T.20; August, S7.2O07 pa
closing at ST.20; September, S7.22h072T1a,
closing at $7.221a; October, S6.72%. Short
rib sides firm; cash, $3.50. Whisky steady at
SLIP. Sugars unchanged. Produce Ex-
ehange-Butter ruled firm: creamery, 40
zoe; dairy, 111a@16c. Eggs 10@101ac.
MARRETT g. POWERS,
Grain. Provisions and Stocks Bought and Sold.
9he only direct private wire north OF Chicago.
III JACKSON STREET. ST. PAUL
Duluth Wheat.
Special to the Globe.
DULUTH, Mimi, Aug. 13.-Wheat took a
big slide upward to-day. September opened
at 7S5sc, 1s@14c above yesterdays close and
before trading was over climbed up to S015c,
with good demand and the supply rather
limited at the top figure. Shippers were lib
eral buyers. Prominent bulls took large
amounts, aud the shorts, becoming alarmed,
rushed to cover. The demand made by all
these classes of buyers produced sharp
and almost steady rise in values.
The sales were the ls,r lest for many Gays and
the demand kept up the close which was
at the outside point. There was considerable
Inquiry for AsYheat for shipment, but only
$4,000 bush were worked for export.
Freight ratesetre firm at &c. Cash wheat
one No hard, to arrive, sold at 1870, two
cars No. 1 hard at 7S14c, three cars No. l
Northern 76Ic, one car No. / Northern
TIC. At the close No. l hard was
worth 1890, and No. 7 Northern,
7T34c. August wheat-There was one
sale at roc. September wheat opened at
T67sc, advanced to 1890 dropped back sc,
advanced again and closed at S01Sc. October
wheat opened at S04c, advanced and closed
at S1349Sl1sc bid. November wheat sold up
80 s214c and closed nominally at Sc May
wheat, the first sale of the season, was made
at Gle. Receipts, 10000 blu; shipments, 114,-