St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-19
SLANT|NC MARKETS.
A Better Tone to CabEegrams
Influenced the Trading
in Wheat.
Bulls Encouraged by Reports
Of Alleged Disappointing
Yield in Dakota.
In the Corn Pit Long Stuff
Was Brought Out on
an Advance.
Larger Business in Railroad
Stocks and Manipulation
of IndustrialS.

CHICAGO Aug 1S.-The wheat market slant
ed under the influence of the better tone to
the first cablegrams. Deerbohm's dispatch
read: more disposition 10 buy" Another
read: Dull not quotablv lower" and the
public message from Liverpool noted an ad-
vaiice of I2d per Genital for American red
winter The Cincinnati Price Currents re-
marks confirming private reports of dlsap-
pointing yields of wheat from the threshlng
in South Dakota was likewise mild advGn-
tage to tine bulls. Traders paid good deal
of attention TO the dispatches which came IN
from Buffalo during the session, concerning
the labor troubles. The effect Of the strike
is. of course bearish upon values. while it
continues.
Some rose-colored reports of the crop of
spring wheat in North and South DAKOTA
were received. but as they emanated from the
railroad interest," they were not received with
the credence which the names attached to
them would otherwise command.
The bulls were fortified in maintaining
former holdings. and in adding to them on
slight breaks by the appearance of the wealth
er map, which was regarded by the weather
wise as threatening frosts III the Northwest.
The range in the thermometer in the British
Northwestern possessions was from Al to III,
following very heavy rain.
The opening price for september was from
n TO lilac but there were lots for sale at
those prices and it was soon selling at zoe.
That very narrow range marked the breadth
of the fluctuations up to within an hour OF
the close of the session. Business was ex-
tremely dull.
The corn market started at a point lower
than ii left off yesterday afternoon. weakened
q trifle. then became very strong, had tum-
bic back TO to the opening point following
which it rested. The opening value of Sep
n
had bulge TO 526sc. A good deal of long
stuff came out on the advance, much of
which, it was rumored, was being sold for
the Cuaahys. The price gradually declined
to 5l7Sc. The market was very firm as the
session approached its close. September adj
vanced again 10 52l2c. Fear of colder
weather was the influence under which the
market closed.
ders proved to be plentiful and the execu-
ton OF them caused gradual hardening of
prices Parties who sold short early, became
nervous as the advance continued and came
in. thereby giving the market additional
strength. september closed at 33l2c against
3278c at the close yesterday.
Provisions were again very much depressed
bv the Buffalo strike and the bad condition
of the hog market, and the packers were free
sellers. Dispatches from the stockyards said
that the prices for hogs were &c to l0c lower.
About 1900 hogs were received, and fully
1900 were left over from yesterday. The
Buffalo strike checks shipments of live stock
TO the Eastern market. and il also deterS
shippers from forwarding hog products. as
they fear a freight blockade aud destruction
of property. There were also rumors of
manipulation and sales by longs to break
prices September pork sold shortly after
the opening at Sll.95. but il declined later to
SLIGO under active realizing by holders, clos
ing at Si1.75
Lard and ribs were steady.
Estimated receipts fer tomorrow: Wheat.
fD 90 nat
$4,000 head
Lake freights steady OH grain, 1Ac for
wheat and &c for corn to Buffalo,
The leading futures ranged as follows: