St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-30
BELOW ONE DOLLAR.
Weakness Prevailed in Chica-
GO Grain Pits on Light
Trading.
Everything Closed Lower,
g and Wheat Finally Rested
at SO 5-Sc.
News Was All BeapiSh and
Fluctuations Uncertain
and Confusing.
The New York Stock Market
Extremely Active on Good
Advances.

CHICAGO, Aug. 29.-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 Deem
Der, and their execution caused a temporary
upward movement December started at 81
a.. O054 and soon advanced to S1.005s. Then
came 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 997sc, with one or
two sales at 99s4c. The buying orders at 81
again came into play, and the crowd starting
to take advantage on earlier sales made at
ever that price soon put the market up
again. The advance was again checke
when 81 .011R 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 to 99S8c about ten
minutes from the close. The resting price
was 995sc.
The news was all bearish. The foreign
markets readily acquiesced i'll the con-
cessions in prices offered from this side, and
the cablegIams received this morning re-
fiected the weakest sort of feeling more
especially at Liverpool. The Northwest con-
tinued to send i'll dispatches DENYING any
serious damage to crops from the recent
frost The chief influencing factor toward
the end of the session was the evidence
being furnished by the estimated receipts Tor
Monday that the movement of winter wheat
was not likely to let up in volume at present,
$40 cars being the probable inspection re-
turns for the first day Of next week.
The corn market was a parallel to wheat IN
the irregularIty of the opening prices. Octo-
Der sold at from 56l2c to SIC, principally,
however around the lower quotation. There
was a heavy business done for about ten mill
utes near the opening, but it quoted down
after that time, and was only subjected dur
ing the remainder of the session to occasional
spurts of activity. A nervous feeling pre-
vailed, and the movements of the clique brok'
ers were watched very closely. The receipts
were much heavier than had been looked for,
966 cars. as against estimates made yesterday
of $50 cars, and for Monday OPS cars were
the predicted receipts The later weakness
n wheat was reflected in the corn pit. ana
iOctober, after having touched 57l2c when
wheat reached It's highest figure, broke to
557Be, but rallied some, aud closed at 56ISc.
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 temporary steadiness in the
market for hog products at the opening, due
to the receipts Of hogs being only $500, com
pared with 1900 estimated yesterday, and an
active demand for them being reported from
the yards. The weakness in corn and wheat
caused stop to any general desire to buy
which the small receipts at the yards had
started. and the steadiness gave place to
weakness. which was the character of the
business during the greater part of the ses-
Sion. The closing prices were from Tee 10
12Iac lower for pork, 2I205c lower for lard.
The leading futures ranged as follows: