St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-23
General Sentim emit in Favor
Of Higher Prices on Chi
cago Change.
Grains Score Moderate Adj
vances ON the Dealings
N Of the Session,
But Hog Products Suffered
Further Declines in the
Quotations.
Narrow Trading, With Few
Stocks Active, on Stock
Exchange.

CHICAGO, Aug. 90 Dealings on tn, board
of trade today resulted i'll moderate advances
in the value of grains and further declines i'll
the price of hog products. While the re-
/ ceipts of wheat were larger than expected,
foreign markets lower and weak; the general
sentiment of the traders was towards higher
prices at the opening. The crowd was evil
IDENTIFY short and as there was little for sale
the bears soon showed considerable anxiety,
and bought freely. Seavern took large line
of September while Logan and Champlin
bought freely of December Holders seemed
to feel much confidence, and the offerings
were rather ht with domestic markets
firm. Among the buliish items of news was
the report from London that the Mark Lane
Express confirmed the previously reported
deficiency in the Indian wheat crop, putting
il at o., 900, 0Oj bushels less than last year.
The receipts from that country were also
light, and i'll some parts the crops were said
to be In critical condition on account of
rain. Another bullish item of news was
reported prospect of an early settlement of
the railroad troubles in the East There was
also growing belief that the cable news has
been SO bearishly tinged during the past few
days that there was a purpose il so doing
which led the short interest to protect itself
Trade Was fair throughout the day, but
continued most of the day, but weakened to-
ward the close on the liberal increase in the
visible supply, lower cables and a rumor that
troops had been ordered to Rochester Sen
TENDER opened Ac higher at 755sc, sold I'D
with minor fluctuations to 76l2c, reacted To
15ssc and closed easy at 7584c. an advance of
Csc compared with Saturdays final figures
Corn showed a good deal of strength, in
fuenced chiefly by the firm feeling which
ruled i'll wheat most of the time. The re-
ceipts exceeded expectations. and there was
a good speculative demand. and the trade
seems to feel that the crop conditions are by
no means promising. The market, however,
weakened with wheat during the last hour
September opened lac lower at 5l7sc on rains
in Iowa and Nebraska. with prospects of
warmer weather; touched 5la4c, advanced to
53lSc, weakened and closed at 52l2c an adj
vance over Saturday of SEC.
Oats ruled strong on good buying by shorts
ana the strength IN other grains The offer
lngs were moderate. The opening for Sep
;ember was lac lower at 337sc, sold up to
347s and closed at 34l2c.
nervous. settled feeling prevailed in hog
products with quite good speculative
business transacted. The receipts OF hogs
were larger than generally anticipated, aud.
though no marked changes in prices occurred
operators regarded the increased supply as a
weak feature, and there was general lncli-
nation to sell during the early part of the
session, while the demand was only fair. re-
sniting in quite sharp decline in prices for
all the principal descriptions. At the decline
there was little more desire to purchase in
sympathy with the strength developed i'll the
grain markets, and prices rallied to about
medium figures. During the latter part of
the session decidedly weak feeling again
prevailed. offerings from all sources being
free. Prices receded TO inside figures. and
the market in a general way closed rather
easy. September pork opened 7I2c lower
at S1l.2j, advanced to SlI.2tlo, broke to
Sll.01i2, advanced TO S.l.20 broke 10 Sl0.95
and closed at $l1, a loss of 27l2c. Lard is 25c
lower. and ribs 27l2c
Estimated receipts for tomorrow: Wheat,
So cars; corn, $40 ears; oats, $50 ears: hogs.
14,t09. Lake freights were steady ON the
basis of &c for corn to Buffalo.
The leading futures ranged as follows: