St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-23
ALL QUIET IN The PITS
Speculative Markets in Chi
cago We're Dull and I'm
interesting.
A Feeling Of Weakness Re-
places the Late FeveriSh
Condition.
{ Corn Scores a Drop Of Two
Cents--Spot Rye in De-
mand.
Fractional Gains on an In
herently Strong Market
in Wall Street.

/ CHICAGO Aug. 22-The feverish condition
which has characterized the markets on the
board during the past week is gradually abat-
| ing. 1t was a quiet day in the pits, and the
speculative markets were rather dull and un-
interesting with the single exception of corn,
which scored drop of &c from September
A feeling of much weakness pervaded the
wheat pit at the start December selling S4c
under last nights close. The early cables
showed Liverpool 1W11ad lower, and New
York also opened weak. The first trading
was 81. 041s6l1.0434 for December, with light
business at S1.05. But there were free out
side selling orders, New York being literally
represented On that side, and the local scalp
ing crowd seeing the trend of the market,
also sold. some throwing over long wheat
and some putting out short line.
After the first half hour. however, mainly
Oh report of bad weather in England ana ON
the continent, the market grew stronger.
The demand became better ana the
offerings more liberal. Several private wire
houses got generous buying orders from New
York. December sold up gradually 10 l:Coss
and at 10 As was about Sl.O5S8 A quick crop
| to 81 O414 followed, but without much busi-
ness at that figure. The market later on re-
covered somewhat, and the price hung Ior
considerable time around 81 JAVA anu Al;VtfS'
when better cables, wet weather abroad the
large exports for the week reported by Brad
streets and the fairly liberal clearances from
Atlantic ports Yesterday turned the feeling
rather strong Shorts began TO buy Dack on
reflection what they had previously solo on
impulse. and there was a gradual apprecia-
ton to ST 057s, reacted to SLOTS and closed at
SlO5 Late dispatches indicated trosts In the
Northwest for tonight.
Corn was irregular at the start, the 1eellng
was weak. with free offerings both DIN the
wav Of unloading and short selling, ana as
no one appeared to support the market there
was O steady drop from 6l4Qo4Ssc 1of
September to 6334c. Receivers were gen
orally free sellers for september, against
prospective consignments The INQUIRY Tor
cars and letters from the interior, together
with the fine prospects for growing crops
all tend to raise expectations OF neaVy re-
ceipts in the near future. On the uecline
there was good buying, partly by shorts who
had good profit in sight ana partly Dy
operators VINO sold August and bought
September, and there was graauaI rally 10
&c early. off TO 63S4c, and at Il O'Clock was
6s84 october was traded in very freely at oil
06.c. sc
There is little talk OF the clique now and
the belief is growing that the September re-
ceipts will be all or more than they can take
care of The weakest feature during the
latter part of the session was the heavy re-
ceipts estimated for Monday at rs cars
Heavy receipts made the oats market very
weak at the opening when pnees were $50
5Sc below last nights close. decline OF lSc
OScufI6Q SO4AA4S
numerous. A firm market and good demand
for cash oats impaired a stronger tone to The
market, and prices advanced SQlSsc, react
ing 346l7sc Just before the close. making last
prices IaM12c lower than those that prevailed
at the same time yesterday. Receipts were
enOrmous-i1l cars.
Spot rye was in good demand. No. in
store sold at 94@9514c and closed at the top.
September sold at !3095c and October at 95c
The provision market was dull and heavy
with The trade for the most part confined to
local scalping operations. September pork
opened al SO. 10. with some sales at the same
time at $40 ole. There was slight rally to
SO Is and the closing price was $40 Zig,
compared with 5000 Yesterday. October
followed a similar course, closing at SlO.27!2.
JANUARY declined 15c. Lard was very quiet
and the fluctuations narrow, resting at about
2l2c below yesterdays quotations. Ribs like
wise fiuctuated narrowly and closed 2l2c
lower. Receipts of grain at eleven points:
Wheat I,547, 600 bu; corn 379.500 bu; ship
ments wheat 1,624,000 bu; corn, $4,000 bu.
The leading futures ranged as follows: