St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-19
NEEOS TO Be ELIXIRIzED.
The Wheat Market Opens Easy and
Closes Weak by a Large
Majority.
Bearish In~clinations by the Trade Cause
a Slump That Is Sick
ening.
Financial Operations OF the Money
Kings---The General Quota
lions.

CHICAGO. Aus. 1.-THE opening in wheat
was easy if not weak, followed by a slight
up-turn in prices the first hour, and q de-
cline before, which put prices below the
closing figures yesterday. The first weak
ness was due to easier Liverpool cables ana
brig b ter weather everywhere, which Will per
nit of larger receipts and better grazing.
The little bulge which followed was the re-
suit of export clearances. New York cleared
sos, 900 bu of wheat and about lS,oco pu
-four, or in all about 3S5, 900 bu wheat. New
Orleans cleared 260. 900 bu wheat for Liver
pool. The strength lasted but a short time
when the bearish inclination of the trade
prevailed and prices went lower. August
sold at 777sc to 77l2c, to 7Sc, to 77Ssc; Sep
tember at 7712c to 774c, to 77l2c. to 77lsc;
December 1850 10 7s12c, to 7SHc, to 1850,
to 7SIsc; May S2l2c to 92s4c, TO s2lac. The
last hour in wheat was specially weak, caused
by reports from the Northwest. 1t was estl-
mated that 200 cars of new wheat Will reach
Minneapolis on Monday, and the exaggerated
statement that cash wheat had dropped &c Ill
tina market was wired at the same time.
Later inquiry showed that new wheat was off
&c and old wheat lie for the high grades. Au-
gust went off to 77Ssc, closing at 77l2c; sep
TENDER sold down to 767sc; December
touched 77Bc, and closed at 7sc bid: year,
764c; May, o2Ac. The estimate for Monday
is 265 cars. Receipts were 900 cars winter
wheat, 10 cars spring; 623 cars corn and 314
cars oats by rail, and %. 700 bu corn and
5000 bu oats by canal. Withdrawals from
store were 73, 1865 bu winter wheat; 59,24O
bu spring wheat; 3S3, 2S9 bu corn and 1885,
SSl blu oats. The corn market was narrow,
but fairly active for the season. Hutchinson
bought early, but sold later. The weakness in
E-.,,uo, ,roc n q ~ troooo b1a IN tho uoaEnQEG
in cash stuff. The movement was. fairly good.
Out-inspection, $3.50 bu shipments, 49,
bu. Export clearances were light at all
ports. Oats dull and ls@Ac lower. Pro-
visions, after being weak for a fortnight,
showed some strength yesterday, and to-day
were weaker and lower than at any time for
the season. The receipts of hogs at the
stock yards were less than 1000, n prices
there ruled 5@l0c higher. Prices of hog
products started 2l2@7l2c better than the
close last night. This was very deceptive, as
first prices were the best Of the day, and de-
clines later were general and quite sharp at
times in short ribs and pork. Hogs for the
week were 10000 against so. 900 last year.
Packing, 277,000 ahead OF last year, at
1869, 600 hogs to date. The estimate for
next week is 80, 0 hogs. Last sales were
15@2Oc lower for pork; 2I237l2c lower for
lard, and 7l2@1oc lower for short ribs.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 September opened at 77H2c,
closing at 767Bc; october, 77Ac; December,
1880, closing at 7Sc. Corn-No. 2 Septem-
Der opened at 35lac, closing at 35Ac; Octo-
Der, 3512c, closing at 35Ac; December,
347sc, closing at 34Ec. Oats-No. 2 Septem-
Der opened at 2osSc, closing at 20l4c; Octo-
Der, 2Ossc. closing, at 20l9c; December, 207sc,
closing at 207sc. Mess Pork (per bbQ-sep.
tember opened at So 80, closing at $9.52k2;
october, 5 .721a, closing at SO. 52I2 January,
3d. Go, closing at $3.50. Lard (per 1O0lhs,)
It Se gss I7Is: V October, Sc. ~ sGi-O closing SiDs'a at
&C. January, S5.95, closing at
$3.50. Short ribs (per 0 lbs)
September, opened at $500, closing
at $50; October. IS. 22l9, closing at
So. 10; January, S4.95, closing at $3.50.
Cash quotations were as follows: Flour steady
and unchanged. Wheat-No. 9 spring,
77g2c; No. 8 spring wheat, 71@72c; No.
2, 20A@20abc. Rye-No. 2424@43e, Barley
timothy seed, S1.40@l.42. Mess Pork
Per Dbl, S9.50@0.55. Lard-Per 100 lbs,
81. 15@6.20. Short ribs sides Qoose), S5.05
65.I5 Dry sailed shoulders (boXed),
easier. Short clear sides (boXed), easier.
Whisky-Distillers' finished goods, per gal,
Sl.02. Sugars unchanged. Receipts-Flour,
1000 Dbls; wheat, SO, 900 bu; corn, $780,
900 bu; oats, 1913, 600 bu; rye, 10000 bu;
barley. 5000. Shipments-Flour, 1000 bbls;
wheat, 1914, 900 blu: corn, 413, 900 bu; oats,
$4,000 bu; rye, 5000; barley, 1000 bu.
On the produce exchange to-day the butter
market was active and unchanged. Eggs
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