St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-03
SLOW TO SPECULATE.
Talk of the Great Yield Of
Crops Causes a Drop in
Prices,
But Very Little Wheat Was
Bought or Sold on
Change.
Corn, Oats and Provisions
Were Dull and Without
Feature.
Moderate Activity and Strong
Tone in Wall Street
Markets.

CHICAGO. Aug. Talk of great crops
cereals on the floor to-day caused quite
luxuriant growth TO the local bear crop, but
when prices had declined under the weight
of the conjectured years yield, it was found
that it was not all for sale. In fact not as
much of it as was wanted toward the close,
and this latter phase of the deal was the pre-
vailing feature of the last half hour.
short session here and holiday in Liverpool
predisposed the spectators to go slow. Trad
ing was very light but there was a nervous,
unsettled feeling which kept the crowd close
to the trading pits while the session lasted.
The market for wheat started apparently
firm but in reality weak. as shown by an
almost tumble in December from S95sc. the
opening, to S9$sc The market for wheat
opened firm, if judged by the price paid for
few lots in December wheat at the instant
of starting and it was really very weak, as
shown by an immediate tumble to S9Ssc.
Having sustained the loss referred to, the
traders became shy of each other, both buy
erS and sellers became scarce and the price
almost stationary for long time. The pri-
vate dispatches from Paris reported weak
ness and decline there, owing to improved
weather. December finally reached S91sc,
but later in the day the news began to come
in more favorable for the friends of wheat.
New York WIS said to have taken III boat
loads yesterday and to have cleared 2S5, o
bu to-day, though 260,000 bu of wheat ana
5000 sacks of flour, and Bradstreet's reported
the elearings from both coasts for the week
at 3. 164, 900 bu. Under this sort of tonic the
market braced up, December going up l2e, or
to S95sc. but soon had relapse and sold back
TO S93sc, reacted lac, aud at II o'clock was
S95sc, against S9s4c al the close yesterday.
Corn was about as dull as wheat, and quite
as steady until near the close. when ii sold
up a cent on bad weather in the West. The
local receipts were about eighty cars less than
expected, but with wheat weak and the
weather III the interior more favorable. and
a dull, narrow trade. the market was inclined
to weakness. The trading was scattered and
without any significance. The big receiving
houses were the best sellers. Near the close,
however, the market made q rally of nearly
cent. September opened at 56l20.565sc,
sold to 5e78c. then off 10 563sc, reacted to
574c, and at the close was about 57Isc
Oats were quiet; September rose to Ac
premium over August. The local receipts
were about fifty cars under the estimate. Au-
gust sold srom 27s4c to 277sc, and at 10 o clock
was about 21S4c. September at the close was
27Ac. May sold at 3i@31Ac. Hog products
were excessively dull and lower. The re-
ceipts of live hogs were 1900 below the esti-
mates, but the prices at the stockyards were
unchanged. The weakness in grains, how
ever, made weak market. September pork
sold from S11.45 down to SlI.40 then up to
S11.47I2, eased off ana closed at about SI1 10.
September lard was dull at S667l2Gl6. 20, and
at II o'clock S6.67l2 was bid. Septic Eher
ribs sold from S697Is to $500, and closed at
Sc. 92l2. Estimated receipts for Monday:
Wheat, $50 cars; corn, so cars; oats. $40 cars
hogs, $4,000.
Wheat receipts for the week, 1900. 900 bu:
shipments. 100000 bu; receipts for the same
week last year, $4,000 blu; shipments, 2ld.-
GOO bu.
Cash quotations were as follows: Flour
Quiet and steady; winters, 81 75@4 60;
| springs. S.. 306t5. 10: rye, S}.75@4.51. Wheat
-No.2 spring, e7A@s7ssc; No spring, nom
| inal; No. red, SSc. Corn-No. ,, zoe. Oats
| No. ., craze; No. 9 white, 2S029c new; No.
! white, 2S032c new. Rye-No. ,. new, 73l2c.
| Barley-No. 2, nominal; No. 3 nominal; n o
/. nominal. FlaXseed-No. 1, $l.02l2 Tim
othy Seed-Prime, S1.25@1.25 Mess Pork
! Per Dbl, Sl1.37I2. Lard-Per 100 lbs, $1,000
! 6.621l. Short Ribs-Sides Qoose), S5So0
/ 800. Shoulders-Dry sailed (boxed), S5.9y@l5.
| Sides - Short clear (boxed), S725017. 30.
| Whisky-Distillers finished goods. per gal,
| S1.I7- Sugars-Cut loaf, 5@05s4c: granulated.
| 4l2c; standard A, 4$sc. Receipts-tlOur.
| 1900 bbls: wheat, 404, 900 bu; corn. Loo
| bu; oats, 24200O bu; rye, $4,000 bu; barley,
| 1900 bu- Shipments-Flour, $500 bbls
wheat, $40, 100 bu; corn, $4,000 bu; oats, 127,
| 900 bu; rye. 1900 Du; barley, none. On
1.-THE produce exchange to-day the butter mar
ket was irmer on lighter receipts; creamery,
16I2017c; dairy 12l2@15c. Eggs, frmer; IA
! @15c.
The leading futures ranged as follows: