St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-01
UiORT UiN Gu DULLOs
The Days Prices Did Not Go
High Enough to Warrant
Sales,
And They Are Still Loaded
With Grain and Prices
Lower.
Clear and Warm Weather
Causes a Bad Break
in Corn.
Moderate Activity and Slight
Recovery Of Losses on
Wall Street.

CHICAGO, July 31.-The bulls IN wheat were
disappointed to-day. They were loaded with
grain and expected to sell out at a good
profit. The opportunity was not furnished
them, however, for at no time during the
session did prices go as high as the closing
igures last night. and the close was 7S@1Ac
over than these prices for the various fut-
Tres. Some of the early news was rather
ayorable to their hopes; Liverpool was Id
igher on spot wheat and Id on futures, and
arts was quoted 5000 centimes higher, ac-
rording to some private cables; but London
,lrgoes were 212d lower; receipts were 81
r loads in excess of the estimates; the
Gather was fine for harvesting and corn
as decidedly weak and lower. These later
eces Of news undermined confidence a
tie. And when it was discovered that all
omestic markets were starting off at a de-
inc and that New York, which has for
pine days furnished most of the bull stimu-
mt, was selling heavily through Logan &
'hite, the crowd quickly tailed on and, in
ne anxiety TO get rid of their holdings, began
making concessions.
The later cables quoted Liverpool as lower,
and Paris came in % confines lower, with
good weather in the United Kingdom and on
the continent and the liquidation became
more eager. There was not much lndivid-
uality in the selling, but everybody seemed
to have some property he did not want, and
others seemed TO be Indifferent about obtain
ing possession of it. The result was a season
of much weakness and q drop of about l
cent from the early figures. December
opened at &AM3312c and gradually receded
to S9$s@s312c. Tie market ruled dull and
narrow during the last hour. and December
kept most OF the time at S9L2NS35sc. The
board of trades closing cable from Paris was
1QE1l5 centImes higher Than Yesterday, and
Liverpool was also higher. This news helped
the market a little and the close was S984c.
Nearly all private cables from the continent
quoted lower prices; even the boards cable
gave the decline al Berlin as 3 marks on July
wheat. Crop prospects continue brilliant,
and some dispatches report threshing already
commenced i'll Minnesota, with yields rang
ing from twenty-five to thirty-one bushels
per acre. South Dakota reported the wheat
crop assured, and North Dakota wired that
two weeks more would bring the crop to
maturity.
The prediction of frosts in the Northwest,
which gave the corn market a boost near the
close yesterday, was not fulfilled; on the
contrary, the weather in that section was
clear and warmer. AS a consequence corn
had a bad break to-day. Sales of September
were made around the opening at anywhere
between 5634c and 57Ac and it soon sold be-
low the former price. The weakness IN
wheat and heavy estimates for tomorrow
were also weakening factors. At the start
Partridge, Ryan and Congdon were free
GA-CA 0A0 hAN NOboR WIZ a bNAASlo INV LAO
longs were quick to catch the infection and
free short selling and rapid liquidation was
the rule. Receivers had heavy selling orders
and the clique made but a feeble effort to
stop the decline. Baldwin bought a little
early, but when he saw the pace the market
had struck he left that Side and sold moder-
ately. September broke to 56I5c, reacted to
81. dropped to 56Ac, advanced to 564e. again
touched 56Ac, reacted to 564sc, at which it
closed.
Oats were weak in sympathy with corn,
and on an excess of sixty cars in the receipts
above the estimates. The close was Ac be-
low yesterdays final figures. Hog products
were lower, largely In sympathy with the
weakness in the grain pits, and especially in
corn. Milmine &Bodman bought pork on the
decline, but Ryan. Hately brothers and the
packers generally sold. September pork sold
from S11.4712 to Sn.37le, and closed at
81. 42l2, a loss of Zoe compared with yester-
da~ Lard and ribs lost SC.
The leading futures ranged as follows: