St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-26
WHEAT TAKES A TUMBLE.
Big Operators Stand Pat and the Market
Goes OFF at a Tan
gent.
Closing Prices Three-Eighths Lower
Than the Last Figures on
Friday.
Financial Operations Of the Honey
Kings-.-The General Quota
tons.

CHICAGO, Aug. 24.-The business in wheat
to-day was mostly done before IL O'Clock,
and during the last TWO hours the pit was
half deserted and prices unchanged. The
pening was firm. followed by a slight bulge,
and at the end Of an hour prices dropped
back a shade under closing figures last night,
where they remained up to l p m. August
SOLD at 1880 to 76s4c to Vie; September at
76Ac to 76asc to 76Ac; December at 77ssc
to 771s@77Ssc to 77Ac to 77A@77ssc, the
stationary point for two hours; May at 9112c
to e1sSc to s149c to e1Ac. Early cables gave
spot wheat steady, with futures "A penny bet
ter. Private cables said that the weather was
fine abroad, and on this little bulge was
made. The weather ON this side fine every
where The wheat movement was not much
in favor either side, while export clearances
were fair for the day, and very liberal for the
week, the receipts at principal markets far
exceeded shipments. Prices were during the
last ten minutes Of the session, and at
the close, at about bottom figures for the
day, and A@Sbc lower than yesterday.
Receipts were 224 cars winter wheat, 8
spring, 91S corr and 800 cars oats by rail-
road, and 800 bu winter wheat and 5000
bu corn by canal. Withdrawals from store
were $40 blu winter wheat, 1900 bu spring,
248, 377 bu corn and LAG, $50 blu oats. The
weakness in corn was a continuation OF yes
terday's market-everything was against 1t.
Estimates for Monday ranged from LOO cars
to ], 400 cars. There was a little check to the
decline early and talk of a cold wave IN the
West, but the selling went off and the in
creasing stock and growing receipts cause a
very bearish feeling. Last sales were A@ssc
lower than yesterday. Oats were weak and
declined with corn, closing Ac lower. Until
near the close there was so little in provls-
ions that was difficult to call the market
either weak or strong. Prices started about
steady all around. and with no new lntu-
ences they kept within a few cents range
until very near the end, with short ribs at
S4.72I2 for September and 81. 75@4. 77l2 for
outside, So. 9Zl2 for September and October,
and mess pork at $9.5o@9.55 for September
and October. During the last half hour there
was ONE better buying, and last sales were
5@loc better than yesterdays close.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. August opened at 1850, clos
ing at 7684c; September, 76Ac, closing at
76c; December, 77ssc, closing at 77c;
May, S1l2c, closing at S1Y8c: Corn-No,2
August opened at 34c, closing at 337sc:
$3.50, closing at 33l2c; May, $3.50, closing
at $3.50. Oats-No. 2 August opened at 20lsc,
closing at zoe; September, 2U1sc, closing at
1890; December, 2012c, closing at 20lsc: May,
2312c, closing at 227sc. Mess Pork (per bbD
August opened at $3.50, closing at $500;
October, $50, closing at $9.55; year, $3.50;
January, SO. l212, closing at 81. 10. Lard
(per 100 lbsl-August opened at s go,
closing at S5.921a; September, S5.92l2,
closing at s5.9212; october, s5.92l2, clos
ing at $3.50: January, S5.72!2, closing at
50. 72la. Short Ribs (per 100 lbs)-Augusts
closing at $4.7712; September opened
at 81. 72l3, closing at S4.77l2; Oeto-
Der, S4.7712, closing at S4.S2l2;
January, $4.6212. closing at S4.7 0
Cash quotations were as follows: Flour quiet,
steady. Wheat-No. 2 spring, 7612c; No.
% spring. nominal; No. 2 red, 7e12c. Corn
No. 2, 33&c. Oats-No. 2. 20c. Rye
No. 2, 42S4c. Barley-No. 2, 64l2c. Seeds
No. l fax seed, S1.26; prime timothy
seed, S!.40@1.50. Provisions-Mess pork,
per Dbl $500; lard, per 100 lbs. S5.92i2@
5.95; short ribs sides Qoose), 81. 75@4.SO;
ldry-salted shoulders (boxed), 49s@4S4c;
short clear sides (boXed), 5M@5Ac. Whisky
-Distillers' finished goods, per gal, Sl.02.
,Sugars-Cut loaf, 9@9Ac; granulated, S1ac;
standard A. SAC. R~eceipts-Flour, 5000
bbls; wheat, $4,000 bu: corn, 416.ooO bu;
oats, 246,00O bu; rye, 1900 bu; barley,
5000 Blu. Shipments-Flour, $4,000 bbls;
wheat $4,000 bu; corn, $4,000 bu; oats,
17S,000 blu; rye. 1000 bu; barley, 5000
bu On the produce exchange to-day the
butter market was steady; creamery, 11@
19c; dairy, 9@15c. Eggs a shade easier;
fresh, 14@l4l2c.