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 Were Working
Up and Down During The
Trading.
New York Stock Market in a
Waiting, Transition
State.

CHICAGO, Aug 21.-Prices on board ruled
lower all around to-day, but the feeling was
still feverish. in the wheat pit the bulls
made several attempts 20 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 endeavoring 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
deney. Rye and pork were easier.
Wheat OF ened strong and higher, Liver
pool being up 2@2t2d. London, Sd up, and
ali domestic markets higher Shorts W era
nervous and made a rush to cover, and hrst
sales of December were al S1.0Sl2. though
few lots changed hands at S1.O9 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 1t
would not prohibit the expectation Of wheat
and this was followed by private cables re-
porting drop of I'd in Liverpool from
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 SL0jl2. Early
in the last hour of the session wheat got
strong again on the big exports, which
amounted to 1.27l, 900 bu of wheat and -four
and late cables, which quoted marks higher
on August. and jI2 marks higher on Septem-
Der and October and Paris 40 confines up
and London shilling higher. December
went TO Sl.074, weakened again, and Decem-
Der closed at Si.05l2, or l5Sc under yesterday
closing price.
Corn opened slightly higher, with Septem-
Der at 674G67l2c This figure was apparent
ana prices quickly slid down to 65l2c.
There was recovery to 67e, an
other collapse to G54c, an advance
to Gee. and Il final close at 65l2c.
Trading in September was severely let alone.
the local dealers making their new ventures
in a later option, October being the favorite
option. September closed l1sc lower than on
Thursday, while october declined only S4c.
year only lsc, and May even gained Ac. The
local receipts were estimated for tomorrow
600 cars.
Oats opened excited at an advance of lao
s4c buying orders being numerous and
little of the grain for sale. Realizing by
longs turned the tide later, and prices de-
clined 23@I4e. The market then fiuctuated
up and down frequently, and closed Isaac
higher than on the previous day. September
closing al 3is4c. 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
SlO350l0 40. and declined to 5000. jan
uary was relatively decling from S13.12l2 to
Sl275. Lard and ribs acted i'll a similar
manner to pork. September and October de-
cined sc and January 1-12c.
Spot rye held steady, while futures worked
easier. There was good export demand.
The receipts were enormous at 592 ears,
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 today were l,572,0UO bu;
shipments, 10000 bus. Corn receipts at
eleven points ISL. 900 bus; shipments, 49,
050 bus
The leading futures ranged as follows: