St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-21
WHEAT VERY WEAK.
Buffalo Labor Troubles In
fluencing Markets in a
Bad Way.
Oats Alone Showed Indica-
lions Of Strength on Chi
cago Change.
Wheat Touched a Point as
Low as 1t Has Gone This
Season.
Reading and Sugar Active
Factors on New York
Exchange.

CHICAGO, Aug. 20.-With the exception of
oats the markets today were all either very
weak or barely steady. The article which
continued weak TO the end was wheat, but
even that was shade over its lowest point
for the day. The labor troubles at Buffalo
were the chief factor i'll producing lower
prices. Wheat opened in line with the gem
orally prevailing weakness, and in the course
of the first hour The price OF September had
declined to point as low as had previously
been seen since trading for that delivery las
been done this season.
July II September wheat just touched
75Ac; since then it has gone as high as SUc
but, until today, it had not declined again
to 75l4c. A firm with foreighn connections
congratulated itself Oh being able to buy TO-
day at S3l2c. SAC over what December was
selling for THE same time. They figured
that the actual cost of carrying the wheat for
their foreign customer from December to
May reckoning even at The present low rate
ofinterest would amount TO 7I2c per bu.
The foreign markets were dull at lower
prices, according to the early cables. Liver
pool was quoted at from II to Id decline.
The receipts were still heavy at the winter
wheat markets Minneapolis also reported
liberal receipts Of spring. The export clear
ances from the four principal Atlantic ports
were closeupon Q, 100, UG0 bushels i'll wheat and
flour. Bradstreet's report of the weeks
cearances of wheat and -four from both
coasts was 8, 10000 bushels against 4,1S5COJ
last year. Closing cables were weak, but the
market had already anticipated and recov-
ere1 Some from the low point.
Inc corn market. considering the limpness
in wheat; the DISCRIMINATION in railroad
transportation resulting from the swift b.
mems strike. and The absence OF buvlng Or
ders from outside. held up remarkably.
There was short period OF considerable ac-
tivity during the first half hour of the SEES
sion. but there were lots Of buyers who stood
in wait for the offered chance. Trade was
largely of scalping Order but there was no
period of actual dullness during the short
session. There was good deal of talk about
the backward crop and drought i'll various
sections Light showers fell this morning.
however. in portions of Nebraska and Kan
Sas.
The provision market is still laboring IN
der plethora of long stuff i'll weak hands,
which is coveted by men of larger means.
There was another considerable break in
pork early, but the larger portion of the ear
" loss was recovered before the close.
Fluctuations in lard and ribs were less mate
rial. Closing prices, however showed de-
clines i'll pork of about Flee and about 'l5c
in lard. Ribs were unc Hanged from Friday
resting place. Receipts of hogs were light
and some large traders were acting as if sat
listed with the amount of the recent decline.
Estimated receipts for Monday: Wheat.
go cars; corn. 400 cars: oats, $50 cars; hogs
1900 head. Lake freights were steady, on
the basis of &c for corn 10 Buffalo.
The leading futures ranged as follows: