St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-07-29
Brokers Aided by a POSSIBLE
ity Of One Being Laid on
Russian Grain.
A Tendency to Weakness at
Chicago Is Overcome by
Reports.
Wheat and Provisions HIGHER.
While Corn and Oats Are
Lower.
Liquidation in Sugar Blocks
a Possible Rise on Wall
Street.

CHICAGO. July SS.-The markets on change
all started this morning with q tendency to-
ward lower prices, but the weakness was
overcome later i'll the day by the prospect of
an early adjournment of congress and re,
port that there is a strong probability of I'M
porting countries placing an embargo upon
trade with Russia with view of preventing
the spread of cholera from that country.
Wheat since yesterday is Ic higher. corn sec
lower, oats Hc lower and provisions q trihe
higher.
Inc rains and cooler weather in the North
west lower cables and liberal receipts at
primary markets created weak feeling in
the wheat market at the opening. Septem-
Der opened at i.lsc. sold at 17A@77ssc then
eased off to Tic, improved to TAc, and at
noon was 71I4c.
The decline in corn was also rather ii
favor Of the bears. Holders showed dis
position TO get rid of long stuff. and there
was some disposition 10 crowd short sales.
But the Cincinnati Price Currents crop
summary indicated that the threShing re-
turns left little doubt of the yield of winter
wheat proving below expectations :the move
ment from the principal wheat-shipping
countries is growing light. and the ildica-
tons are that importing countries may soon
have TO depend largely upon America for
their current supplies.
There was some talk of frost in the far
Northwest. the thermometer being at 81 deg
IN Manitoba and this was followed up by
the report that the house had voted to ad-
Journ Saturday. which w&S accepted as set
Ting the ant-Opton bill. A report came
from New York, too, indicating that cholera
is spreading III Russia. Under these strength
enlng influences the market turned strong
during the last hour, and September sold to
UlaC0 1850, closing at the latter figure.
Corn was moderately active but lower in
fueiced mainly by the report of generous
rains Ill Kansas, Nebraska. Iowa and Mis-
souri,, which were said TO have relieved all
rent also SAID that the crop had made favor
able progress during the past week. Longs
were liberal sellers from the start, and while
lhere were few sales of September at AIS
@i9c, about the first general business was at
4oS4c and went gradually to 4Sl2c. Then, oil
covering by shorts, il reacted TO 4S34c, but
soon eased off 20 iSl2c. The market showed
some strength during the closing hour and
September sold to 4Ss4@l4S75c, resting at the
the latter figure.
Oats were weak early, September declining
from l2c TO 3olsc; later the market strength
ened and held steady at 3,SS@30l2c, with
only moderate trading.
Hog products were irregular opening weak
and lower on the drop in corn. but then re-
covered: September pork opened at SI20j.
at SIZE. Lard sold at S13Tla and 81 32la.
ami closed at S1.;:5. Ribs touched S1.6ala, but
were offered at S1.61 at the close
Lake frelghts steady at lac for corn to
Buffalo. Estimated receipts for tomorrow:
Wheat. 275 cars; corn, $50 cars; oats, PIC cars;
hogs, 1900.
The leading futures ranged as follows: