St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-24
ALL QUIET IN The PITS
Speculative Markets in Chi
cago Were Dull and IN
interesting.
A Feeling Of Weakness Re-
places the Late FeveciSh
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 quiet day in the pits and the
speculative markets were rather dull and I'M
interesting with the single exception of corn,
which scored a 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 11112d lower, and New
York also opened weak. The first trading
was ST. O41s@1 0434 for December, with light
business at S1.05. But there were free out
side selling orders, New ork 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
on report of bad weather in England and on
the continent, the market grew stronger.
The demand became better and the
offerings more liberal. Several private wire
houses got generous buying orders from New
York, December sold up gradually to 81 .Oo9s
and at 10 :45 was about $lO5SS. \ quick drop
TO S1.0414 followed, but without much busl-
ness at that figure. The market later on re-
covered somewhat and the price hung for a
considerable time around 81 .04s4 and Sl.O47a,
when better cables, wet weather ABROAD tne
large exports for the week reported by Brad
streets and the fairly liberal clearances from
Atlantic ports yesterday turned the teellng
rather strong Shorts began to buy back on
reflection what they had previously sold On
impulse, and there was gradual apprecla-
ton to 81 057S, reacted to Sl.047S and closed al
S105. Late dispatches indicated frosts i'll the
Northwest for tonight.
Corn was irregular at the start, the feeling
was weak, with free offerings both in the
way of unloading and short selling, ana as
no one appeared to support the market there
was a steady drop from 64l4QD64SSc Tor
September to 63S4c. Receivers were gen
orally free sellers for September, against
prospective consignments. The inquiry for
cars and letters from the interior, together
with the fine prospects Tor growing crops,
all tend to raise expectations OF heaVy re-
ceipts i'll the near future. On the decline
there was good buying partly by shorts who
had good profit in sight and partly by
operators VINO sold August and bought
September, and there was gradual rally to
Csc early. off to 6334c, and at II O'Clock was
6cS4. october was traded in very freely at ol
@,j-c.
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 725 cars.
Heavy receipts made the oats market very
weak at the opening, when prices were $50
5sc below last nights close. A decline OF lsc
occurred Immediately, selling orders being
numerous. firm market and good demand
for cash oats impaired a stronger tone to the
market and prices advanced 34@lSSc, react,
ing S4@17Sc Just before the close, making last
prices A0l2c lower than those that prevailed
at the same time yesterday. Receipts were
enOrmous-411 cars.
Spot rye was in good demand. No. in
store sold at 94095Hc and closed at the top
September sold at g30D95c 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 at $40 10, with some sales at the same
time at $40 one. There was slight rally to
SlO15 and the closing price was $40. 12l2,
compared with 5000 Yesterday. october
followed a similar course, closing at Sl0.2712.
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 1877, 900 bu; corn $40. 500 bu; ship
ments, wheat, 1.624,000 bu; corn, 100000 bu.
The leading futures RANGED as fOllOMS: