St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-12
BEARS IN FULL CONTROL.
they Tackle the Wheat Market and
Held II With Firm
Grip.
Prices Go Off a Full Point All Along
the Line, From Wheat TO
Hogs.
financial Operations of the Money
Manipulators---The General
Quotations.

CHICAGO, Aug. 1O-The wheat market was
all one-sided to-day. The bull party seemed
to have no nerve, as prices dropped ABOUT
lie all around and stayed there. AT
the opening three things helped to lower
prices. First, Liverpool cables quoted spot
lad lower; second, receipts here were 56 cars
over the estimate; third, the government
crop report due late to-day. was expected to
be decidedly bearish. Wheat started down
on these influences. Once past 76c for the
near futures. and use for December, the stop
orders became q weakening clement and
brought out considerable long wheat An
gust and September sold at T584c, and of to
T5Ac: December. 7734c. and off to 7Ic at L
o'clock. Walker & Co.. Durham d Co..
Baker & Co.. Mitchell, Smith, Baldwin d
Farnum and Ramsey & Chandler were all
more or less heavy sellers. Baxter was on
both sides of the market as was hutchinson,
who was reported the most persistent buyer.
The news was not all bearish. Thirteen
loads of cash were worked here
early The out inspection here was
POI 900 bu and Atlantic ports cleared
100000 bu of wheat. The only news III
wheat at at the close was the enormous char
ters by lake. aggregating about 100000 bu
for the day. Corn was weak in sympathy
WITH wheat. anu prizes uCOil4lCu SoVAS4O'
There was a good deal of unloading of long
corn by those who had held on thinking
frost scare might help them out. They got
discouraged and sold to-day. Another in
auence was the big increase in the local
stock for the week Receipts were 662 cars:
out inspection, only 209,0 600 bu; charters,
2S5. 600 bu Oats were also weak and lower
on free selling Receipts were 400 cars. The
provision market, in declining and regalnlng
in part before the close, was 10 exception to
other days of the week. Receipts of hogs
were $500, and best lots sold DC higher.
First prices on the floor were 2l205c lower
all around. These were the best prices Of
the day. The hogs at six packing points
we're 21,00O against 16,000a year ago. Re
eeipts for the week here were "a, 600, against
$4,000 year ago Packing to date at Chi
cago $4,000, against 100000 year
ago.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. Q September opened at ?5%c.
closing at 75sBc; December, 7734c, closing
at 74Hc; year, 755sc closing at 75e. Corn
NO. 2 September opened at $3.50, closing
at Csc; October. 35S4c closing at 3518c;
December, 35sBc, closing. at 35s4c. Oats
No Q September opened at 20Ac. closing
At zoe; October, 20I2c, closing at 20ssc;
(per bbD September openedatSl 90, closing
at SlO.5712; October, 5000. closing at
$40. gig; year, $3.50, closing at $3.50:
Lard (per 100 lbs)-september opened
at S625, closing at $6.42I2; October,
500, closing at S6.40: year, Sc: o2l2,
closing at S6.O5. Short Ribs (per 100 lbs
September opened at S5.42l2, closing at
S.. 42I2 October, $40 closing at s.. 42l2;
January, S4.95, closing at S4:95.
Cash quotations were as follows Flour
quiet; southern winter Toe lower. Wheat
No. 2 spring, 75Ssc; No. 8 spring wheat. 20
072c; No. 9 red, 755Sc. Corn-No. 2, 351sc.
6ats-No; 2, 1880. Rye-Ho. 2, 42@43c.
Barley-No. 2. nominal. Flaxseed-No. l,
Rl.2C@I.21. Prime timothy seed Sl.420
1.43, Mess Pork-Per Dbl. $l0.55@l0,60.
Lard-Per 100 lbs, S6.37l206.40. Short
ribs sides (loosel, So. 4005.5O. Whisky
Distillers' finished goods. per gal, $l.O2.
Sugars-Cut loaf, 9A@912; granulated,
sSc; Standard A, 934c. Receipts-Flour,
5000 bbls wheat, $4,000 bu; corn,
1872, 900 bu; oats, SIG, 900 bu; rye, II, 000bu;
barley, 1000 blu. Shlpments-Flour, 5000
bbls; wheat, 10000 bu; corn $4,000 bu;
oats, 211,00O bu; rye, none; barley,
1000 Blu. On the produce exchange to-day
the butter market was fairly active but
unchanged. Eggs, good demand at l2l2c.