St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-31
ALL BEGAN SELLING.
Prices Opened Higher in Chi
cago on Northwestern Re-
ports Of Damage.

CHICAGO Aug 30-Everything dealt in on
the board of trade opened somewhat higher
this morning but the strength was not long
lived Wheat sickened at once and, as there
was no quarantine TO keep lower prices out
OF the other pits, The ailment soon became
epidemic all oyer the floor and values receded
In unison, and closing prices were generally
at or near the lowest of the day.
The improved tone in wheat at the start
was due chiefly to the cold, rainy weather in
the Northwest. which was said TO be iniuring
the harvested grain still i'll The fields and the
uncut grain as well. There were also dis
patches from Minneapolis reporting that
frost had inflicted some damage on the grow
ing heat in North Dakota. These reports.
with somewhat higher private cables, opened
the market at about Ac advance on last
nights close. But the first impulse of the
crowd was to sell, and the strength was
quickly lost. and decided weakness took its
place, and it was not long before prices had
lost fully 5sc.
The downturn was helped by the liberal
receipts the indications that cholera was
getting firmer grip on Europe, and the free
offerings of long wheat IN addition: figures
were shown purporting to be the estimates
of the Vienna congress showing big in
crease i'll the European prospects, this year as
compared with last, and these figures had n
very depressing influence. So. i'll spite of
the bullish features in the home situation,
weakness was the general rule. An uncon-
firmed rumor that cholera had appeared at
New York had Il depressing effect for time.
September opened &c higher at 764c, sold
off to Z: Isc. and closed weak at 75lic.
Corn was weak and lower. although al
most everything in the way of news seemed
to warrant better prices. The weather was
unreasonable, cold, ana froSts were reported
in many localities. But the receipts were
heavy being S35 cars. against an estimate
of 725 cars, and this. with the weakness in
wheat and provisions. gave the tone of the
market, Notwithstanding the weather. Bald
win-Farnum we're big sellers and the scalp
ing crowd also seemed disposed to take the
selling side. On the weakness a large
amount of long corn came out and added TO
the depression. There was some recovery
later, but the market again weakened. and
the close was only point above the lowest
of the day. September opened 1sc higher at
5Issc sold at 51Ac; sold down to 5Ul2c, and
closed at 81 5sc.
Oats. in view of tie continued unfavorable
news in regard to the crop, were steadi er
than other grains. Opening Isc higher, the
price fluctuated between that ard 1sc lower
Than yesterday, closing at the bottom.
Hog products were lower on free selling,
very little demand. end the weakness in
wheat and corn, i'll spite Of light receipts of
hogs and better tone at the yards. Pork
opened at al advance of 2I2c at Si0.75 for
October sold up to SlO77I2. weakened with
corn and closed at the bottom at Si0.45. u
loss of 27l2c. Lard is 12i2c and ribs Ice
lower
Lake freights unchanged. Estimated re-
celpts for tomorrow: Wheat. 52S cars; corn,
4t6 cars; cats, 255 cars: hogs. 10000
The leading futures ranged as follows:
"opens High Low-I Clos