St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-09
WHEAT RULES WEAKER.
Considerable Realizing and Some Sell
ing Short by the Big Opera
tors.
Corn Active and Unsettled. Oats Merry
Que, Provisions Ruling and Clos Y
ing Tame. ..''
Financial Operations Of the Money
Kings---The General Quo 6
tati0ns.

CHICAGO, Aug. S.-Every day now
finds big wheat market on the floor.
The business of to-day was active, and
the volume larger, but the first half of
the session was not up to the average in
the amount of trading. There appeared
to be good deal of evening up in ex-.,
pectation of the government figures,
which the trade confdentially believes
will be made public tomorrow after
noon, The bulls have talked great
deal about bullish report and the re-
port that the total yield may be esti-
mated at less than 4O0.0o0,0O0 bushels,
has been fully circulated. Anything
better than this will. for the moment or
the day, be considered bearish. The re-
port is entirely in doubt, hence the eau
tious trading. The market started
little heavy to-day, with lower cables
and some long wheat pressing on the
market. In fifteen minutes it was dit
ferent. The market was bare of offer
ing, and a number of good houses were
trying to buy. This carried September
from 95c to CSC before noon; December
went from Csc to 994c and May from
S1.02 to Sl.031a at the same time. AT this
point Hutchinson and others who had
led the buying turned sellers. Consid-
cradle long wheat came out on realizing
sales, and September went off to $3.50,
December to 9S1ac, May to s1.O3. There
was little rally about 1890 p. m. to
$3.50 September, 9S$4c December, and
the weakest spot OF the day was found.
September went Off quickly to 9434c. and
December to Csc, sthe low points for the
day up to o'clock. There were some
influences at work OH both sides, but
the news was generally bulllsh. Brad
streets gave decrease i'll stocks for the
week of 1913, 600 bu New York cleared
$4,000 bu. New spring wheat received
at Minneapolis graded northern. be-
cause shrunken, and reports from along
the Northern Pacific said that wheat is
not yet past danger. There were ten
boat loads worked late yesterday at
New York for export. Over half
of the Liverpool receipts were American
wheat. On the other hand, Liverpool
cables were I'd lower and the belief
prevailed that a decided reaction must
come before the bulls could have an
other turn at the market. Wheat closed
heavy at the bottom prices of the day.
August, 927sc; September, 9455sc; De-
cember, 973lc; May, s1.027S. In spite
of the fact that the weather in Kansas
and Nebraska was again dry and hot,
there was general desire to sell corn
at the opening of the regular session.
September, which had sold as high as
5O15c on the curb. started out at any
where from 1890 down to 49c. Below
1910 the demand developed large
enough proportions to absorb all the
offerings. When the rise in wheat took
place the early sellers of corn began
buying, and the price soon lifted to-
503sc. When wheat weakened Sep
TENDER corn sold off to 1870, closing at
1890. Oats weakened Oh heavy selling
by Hutchinson, who forced the price
for September delivery from SOC down
to 37Bc. Trade was fairly large. Pro-
visions were lower, despite the sharp
advance in hogs. Armour sold January
pork and lard quite freely. Wheat on
the curb was quiet at 945s@95c; calls
sold at $3.50 and puts at 9377s(994c. Calls
on September corn were 1890 and puts
47Sc.
The leading futures ranged as follows: