St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-14
PRICES TAKE A RISE.
The Weakness in Markets at
Chicago Gives Way Before
a Reaction.
Favorable Cable Reports In
nueneed the Tendency to
Better Prices.
Everything Traded in Feels
the Effect of the EncOur-
aging News.
Dealings at New York Are OF
a Holiday and Profess
sional Kind.

CHICAGO Aug 13.-The weakness which
has been the conspicuous feature OF the mar
kets had disappeared at the opening today,
ard, as the result Of the day trading. every
thing dealt in on the hoard Of trade is hlgher
than at the close yesterday. This fact is cue
in part to natural reaction from the recent
declines and in part TO the news of the day.
Trading, however, was generally light.
Wheat exhibited conspicuous undertone
of strength, considering the volume OF trad
Ing, which was small. This undertone was
supported by the Improvement manifested Ill
the cables. liberal exports from both coasts
the publish purport OF Beeroohm est-
mate of the worlds wheat crop, the re
ceipts here being under the estimates, and
reported heavy colo rains in certain
sections of the Northwest The opening sales
exhibited an Improvement Of Iac over yes
terday's closing prices, and the fluctuations
during the whole of the session were con-
fined to l2c range, the market closing with Il
gain of I2c.
There were some sales at the opening at
77s4c for September, but at the same time
there were buyers al iSc, and gooQ ueal
changed hands al the latter and very niue at
the former price ut the time referred to. Inc
price held for matter OF half an hour at iSc
or better, and then took dip 10 NS4c. alter
which it remained for long time at 1I7sc,
with very little ofered 1Or silie anu Iust DIS
little wanted, closing firm at 1Sc.
The corn market was very firm at the open
ing, September touching 53c in the first rush
to MI the early orders There were sales :at
the same time at 52s4c, but 5:lsc and SIC were
more generally current AT the opening. Inc
latter price was also the closing quotation,
but it was being offered at that. There was
an interval OF considerable weakness de-
veloped about half al hour from the start.
during which there was drop 10 Desc.
unGaSlneSS
regarding the approach of colder and per
haps freezing III some OF The northern coun-
ties where corn is grown and 10 the good de-
mand which was reported from the cash
crowd. The latter more than the posi-
billy of frost i'll the corn country
in August. vas the more probable
explanation of the change i'll sentiment
which caused the market to wind up at about
its highest point. The stock of corn i'll Chi
cago is said to be chiefly owned by j Bry-
ant. and he is no bear OH the article. He
looks for G5c for the couple million or so OF
September corn which he is said to have
laid by.
Oats fiuctuated within narrow limits and
closed with gain of &c.
Provisions opened active and strong. with
al advance of5c III pork, .l2c to l.L2c III lard,
taking everything that was offered at the i'm
proved prices and that caused q com
rlete change in the feeling of
the crowd, which. until the support
given by Armour, was inclined to be
somewhat panicky The small receipts of
hogs as reported from the yards-S,0UU head
was a contributory circumstance i'll touing
up the trade at the start. Estimates of 10000
hogs for all of next week also had its lnflu-
ence in restoring confidence There was
some realizing at the advance. which brought
a reaction from the extremes reat he'd on the
first bulge, Blu, in the end prices remained
higher than at the corresponding time yes
terday by l2l2@15c in pork, 5W30c i'll lard,
and 7l2c in ribs
Lake freights steady OH the basis of &c for
corn TO Buffalo. Estimated receipts for
Monday: Wheat. COZ cars; corn, 400 cars;
oats, 800 cars: hogs, Is, 00J.
The leading futures ranged as follows:
Open High Low Clos