St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-31
below ONE DOLLAR.

CHICAGO, Aug. 2a.-Weakness was again the
feature on the board of trade to-day and
everything closed lower, wheat going below
the dollar mark. The trading in cereals WAS
light; but provisions were fairly active.
Wheat opened weak and lower, but there
were plenty Of buying orders around Decem-
her, and their execution caused temporary
upward movement December started at 81
0LOCs4 and soon advanced to SLICES. Then
came a lot Of selling orders, chiefly from
New York, and renewed weakness was the
result the price quickly retiring TO 81 again.
Here some stop-loss orders were reached
and the price was made 9)7Sc, with ore or
two sales at 9924c The buying orders at 81
again came into play, and the crowd starting
to take advantage on earlier sales made at
over that price soon put the market up
again. The advance was again checked
when ST OILS WAS reached. Another slump
to 81 followed, but the buyers at that price
were upon this occasion overwhelmed by the
vim of the sellers. who, with things going
their way, pressed their advantage, and
crowded the price down 10 9iIsc about ten
minutes from the close. the resting price
was 99ssc.
The news was all tearish. The foreign
markets readily acquieSced in the con-
cessions in prices offered from this side, and
fieced the weakest sort OF 1eellnS more
especially ct Liverpool The NOrlhN est con-
tiHued To send III dispatches denying any
serious damage 10 crops from Inc recent
frost. The chef Influencing factor toward
the end OF the session was the evidence
being furnished by the estimated receipts for
Monday that the movement of win;er wheat
was moi hkely 10 let up in volume AT present,
$40 cars being the probable inspection re-
turns Tor the first Gay of next week.
The corn market was parallel 10 wheat IN
the irreCularity of the opening prices Octo-
Der sold at from j6l2e 70 SIC, principally,
however around The lower quotation Ihere
was heavy business done for about ten MN
uteS near the opening, but II quoted down
after that time. and was only subjected dur
ing the remainder Of the session to occaslonal
spurts of activity. A nervous feeling pre-
vailed, and the movements OF the cirque DrOE-
eTs were watched very closely. The receipts
were mucn heavier than mad been looked LOT,
956 cars. as against estimates made yesterday
of $50 cars. and for Monday LOIS cars were
the predicted receipts. The later weakness
II what was reflected in the corn pit ana
October. after having touched 5ll:c when
wheat reached its highest figure, broke to
557SP but T lied some, and closed al 06lSc.
The heaviest business III oats was done
early in the DAY. The market was fairly
active. but weak. Heavy receipts free sell
ing and the slump in other cereals were the
influences that governed the market.
There was a temporary SteadinesS IN the
market for hog produces at the opening due
10 the receipts OF hogs being only 6,J10 com
pared with 1900 estimated yesterday, and an
active demand for them being reported from
the Yards The weakness in corn and wheat
caused a stop TO any general desire TO buy
which the small receipts at the yards had
started and the steadinesS gave place 10
weakness. which was the character Of the
business during the greater part of he ses-
sion. The closing prices were from 7l2c 10
J2I2c lower for pork, 2l201jc lower for lard.
The leading futures ranged as follows: