St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-14
A CHANGE FOR THE WORSE
Heavy Receipts and Bearish Cables
Cause a Big Slump in
Wheat.
The Closing Prices MOI Far From the
Bottom for the
Day.
Financial Operations Of the Honey
Kings---The General Quota
tons.

CA1cAGo. Aug. I3.-The wheat market
early gave evideuce of dizziness. narrowness
and weakness but was much improved be-
fore noon i'll these particulars. AS generally
expected by the trade, the estimate ma de
last night was too low. and receipts were
again about so cars higher at SIG cars
This, with Liverpool early cable giving prices
as teuding down, started the market weak
Enough professional trade was sold TO cause
a slight decline during the first hour. Au
gust sold 76Iac: September, 1859, and off to
755Sc: December. &c, and off to 77t2@77I5c.
These were the bottom figures. From these
there was rally of 12@34c on variety of
bull news Beerbohm gave wheat Oh passage
slightly decreased. Export elearances were
5000 bu wheat ard 10000 bbls of flour.
Out inspection here large, 345. 900. Estimate
for Wednesday only l75 cars. Grading
of receipts posted to-day gave less than
% per cent No. . grade. Figures from Wash
ington, received from consular reports esti-
mating the worlds crop as G000O,000 bu
short of last year, were freely circulated.
With all this offerings III the pit were light,
and the rally was easy. August moved up to
767sc and yielded to 765ac; September to
7644c and off to zee December touched 7Sc,
and lost Il fraction to 77slc before l o'clock.
Liverpool closing cable was Laid
lower Closing prices in wheat were not far
from the bottom for the day, and not ma
terially changed from yesterday Corn was
quiet strong. The bad weather here and the
heavy rain and hail storm yesterday in the
Southwest made the crowd bullish. In
spite of the fact that receipts were
30 cars over the estimates, prices
ranged higher, and closed $50 l2c better than
yesterday. Receipts were 1,445 cars. Oats
-Receipts 35S cars Market strong and
prices IA Csc higher. There We're exciting
times in the provision pit. 1t became plainly
apparent that some one had loaded the mar
ket by sales through brokers. September
pork opened at SI0.3712, but was down to
SOTO before 1 o'clock. The packers sold
all kinds of product. Place. Wright and
Cudahy did more or less raiding. S. V
White continued his buying Of lard and
Geddes also bought a large quantity on the
call. The Anglo-American company also
bought fair quantity early in the session.
Lard did not decline as much as pork and
ribs. Last sales were J7I2c lower on pork,
5@10c lower on lard and 7l2Gl10c lower on
short ribs.
THE QUOTATIONS.
The leading futures ranged as follows:
Nheat-No. y September opened at isaac,
closing at 77a4c; December, 1850, closing at
7TS4c; year, 75l2c closing at 7512c; May,
S2l2c, closing al S2lSc. Corn-No. z Septem-
Der opened at Soc, closing at 35l2c: Octo-
Der, 351sc, closing at 35l2c; December,
Slice, closing at Soc; January, SIC, closing
at 37Ac. Oats-No. 2 September opened at
20lBc, closing at 2GSSc: october. 2"l2c. clos
ing at 2034c; December, Ole. closing at Elise.
Mess Pork (per bbD-September opened at
S10374, closing at SI012Is; October,
SOL closing at S9.95; January, 800,
closing at So 90. Lard (per 100 lbS)-Sep-
TENDER opened at S6.37l2 closing at $3.50;
October, S6.35, closing at $6 25; January,
Sc, closing at s.. 92la. Short ribs (per 100
s)-September opened at S5.3212, clos
ing at 50. %; October, S527I2. closing at
S1.S5: January, Si.9O, closing at S4.S5.
Cash quotations were as follows: Flour I'M
changed. Wheat-No. 2 spring wheat, 9Gl2c;
No. 3 spring wheat, 7012617lc; No. z red,
nc. Corn-No. 2, 35l203558c. Oats-No. 2,
20Ac. Barley-No. 2, nominal. F1aXseed-
No. l, Sl.2l@I.2ll2. Prime timothy seed.
S1.42@1.4 As. Mess Pork-Per bill, Sl0.1CG0
1918. Lard-Per 100 lbs. S6.3G@6. 3212
Short ribs sides QOsse), s.. 2G0p5. 30. Dry
sailed shoulders (boXed). 81 s7l2G15 Short
clear sides (boXed), $5.T505. S7l2. Whisky
-Distillers finished goods per gal 81. o.
Receipts-Flour, 1000 bbls; wheat, 40, 900
bu; corn, $4,000 bu; oats, 3i2, 600 Blu:
rye. 5000 bu. Shipments-Flour, 10000
bbls; wheat, 300, 600 bu: corn, 1874, 900 bu;
oats, 100000 bu; rye, 10000 bu; barley,
1000 bu. On the produce exchange to-day
the butter market was active; fancy cream
cry, l6l2011Sc; fine, Isolde; finest dairy,
1O@12c; fair to good, 9@10c. Eggs, 13I2c.