St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-22
PRICES RULED LOWER
Bulls Baked in Efforts to
Score an Advance in Chi
eago.
Longs Delayed Them With
Wheat on Opportunities to
Realize.
Corn and Oats We're Working
) Up and Down During the
Trading.
New York Stock Market in a
Waiting, Transition
State.

CHICAGO, Aug 2I-Prices on board ruled
lower all around to-day, but the feeling was
still feverish. in the wheat pit the bulls
made several attempts 10 score higher prices,
but were met each time with a deluge of
wheat from the longs, who found the oppor-
tunity for realizing too tempting to be re-
sisted. Great export clearances, strong
cables and rumors of probable removal OF
German duties were the news advices Of i'm
portance. Free offerings of corn gave the
impression that the alleged clique of New
Workers was endeavorng to unload that
cereal. and caused a severe slump in prices.
the tendency to take up the october option
was also a disturbing factor in the Septem-
her future. Oats were very much unsettled.
the market exhibiting a broadening ten
dency. Rye and pork were easier.
Wheat OF ened strong and higher Liver
pool being up 202t2d. London, Sd up, and
all domestic markets higher. Shorts W era
nervous and made rush to cover and first
sales of December were at S1.GSl2, though
few lots changed hands at S1.09. Free realiz-
ing by the longs" however, soon started
prices on the down grade. On the first
symptom of weakness New York sent selling
orders and then the Northwest also began to
sell, and the depression increased. Then
came cable from Paris saying that the Rus
sian government had announced that it
would not prohibit the expectation Of wheat
and this was followed by private cables re-
the opening. and there was a wild
rush TO sell, which eventually re-
suited in drop of sc from the
start. December went off TO Sl.05l2. Early
in the last hour of the session wheat got
strong again on the big exports which
amounted 10 1.21l, 900 bu of wheat, and -four
and late cables, which quoted marks higher
on August and 5l2 marks higher on Septem-
Der and October. and Paris 40 centimeS up
and London q shilling higher. December
went to SL07A, weakened again, and Decem-
Der closed at Sl.O5l2,o or lSsc under yesterdays
closing price.
Corn opened slightly higher, with Septem-
Der at 674G6712c. This figure was apparent
ly regarded as good opportunity for a sale,
ana prices quickly slid down to 65l2c.
There was recovery to &c, an
other collapse to G5Ac an advance
to 66c. and q final close at 65I2c.
Trading in September was severely let alone
the local dealers making their new ventures
in a later option. October being the favOrte
option. September closed l9sc lower than on
Thursday, while October declined only S4c.
year only 1sc, and May even gained Ac The
local receipts were estimated for tomorrow
600 cars
Oats opened excited at an advance of l90
s4c, buying orders being numerous and q
little of the grain for sale. Realizing by
longs turned the tide later, and prices de-
clined 34@lAc. The market then fluctuated
up and down frequently, and closed 15@Ac
higher than on the previous day, September
closing at 3ls4c. The country bought freely
and covered short sales. Pork followed corn,
strong at the opening, followed by weak
ness later in the day. September started at
S10.350l040, and declined to 5000. jan
uary was relatively decling from S1312l2 to
Sl275. Lard and ribs acted i'll a similar
manner to pork. September and october de-
clined sc and January 1&I2c.
Spot rye held steady, while futures worked
easier. There was a good export demand
The receipts were enormous at SOP cars,
but the offerings were light. Estimated re-
ceipts for tomorrow: wheat, SIS cars; corn.
40 cars; oats. $50 cars. Wheat receipts at
the eleven points to day were 1,5721U0 blu;
shipments, 10000 bus. Corn receipts at
eleven points $4,000 bus; shipments, 49,
$50 bus.
The leading futures ranged as follows: