St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-03
OATS LED IN TRAO|NG.
An Exciting Run Of Trade
Develops in the Chicago
Dat Pit.
Unusually Heavy Dealings
in the Cereal, and a
Substantial Advance.
Disappointing Threshing Re-
turns Responsible for
the Agitation.
Wheat, Corn and Provisions
Also Score a Few Points
on the Day.

CHICAGO. Aug. 2-Oats led the procession
,day, advancing lac amid considerable eX-
Jitement Wheat is 34c higher tnan last night
and corn I5c A material increase of business
was noted in all the grain pits. Pork closed
with an advance of 12l2c, lard Tee, ana lids
lee.
The agitated condition of the oats market
was apparent from the very outset. the trade
being heavier than for many day past Inc
market opened firmer al Mondays close, ad-
yanced sale, receded 4@$sc, advanced
Is0 Ssc, and closed lac higher. The cause
for the activity and advance was the reports
from Illinois. Iowa and Nebraska. that
threshing returns were disappointing as TO
yield and weight per bushel, the yield not
being over - to 30 bushels per acre, and the
weight 20 TO p pounds.
Although the threshing has not progressed
TO any extent these reports have caused
general buying, not only by shorts but also
by longs. The offerings were absorbed SO
readily that prices were easily advanced.
On the bulge there was good realizing, but
the receipts were lighter than expected, 332
cars and 1000 bu. There were no Withdraw
ais from store The demand for car lots III
store and 10 go to store was good and prices
l2Gi Sac higher.
The wheat market was builed by antici-
pated hot weather IN the Northwest. \
temperature of 100 was talked OF and 1t was
asserted that the wheat was at such stage
as to make crop damage almost certain.
This started shorts to covering and stlmulat-
ed speculative puving. Mitchell. Logan,
BrosSeau and kennett-Hopklns were among
the active buyers and the selling was scarce
and scattered The st. Louis crowd took the
most liberal hand.
lac, The market improving S4c with slight
fluctuations reacting Csc and closing steady.
There was healthy demand for cash stuff,
which was the ground work of the SITUATION.
Besides an active demand from shippers Tor
the car lots of wheat offer of two round
lots, one of 25,0G0 bu No. 2 red and one of
1900 bu of No. hard winter wheat were
reported sold on private terms. NO. IN car
lots brought from Lac TO S4c more money
than was oil tainable yesterday, and NO.
hard was in better demand at 1c advance.
Counselman and Day. Observation-Disclosures
and Bartlett Frazier were among the most
active buyers in the cash market. IN futures.
outside orders. chiefly to buy, were nnmer-
Gus. New York and the Northwest sent lib
eral orders. and locally a. NJ. MITCHELL who
for several days has been buying heavily and
confidently, was even more diligently occr-
pying himself III the same manner. New
York wired that there were a good many in
quiries from England for new winter wheat,
and that Paris appeared to tie most anxious
for offers OF the same. The statement OF the
quantity of wheat and corn on passage TO the
United Kingdom and continent of Europe
would. it was said, show an increase for the
week of 100000 bu of wheat.
In corn operations were mainly for local
account. and price changes kept within mar
row limits. News regarding the crop was
quite favorable, the weather over the West
being clear and warm. Offerings were very
small.
Provisions were excessively dull but firm
in sympathy with cereals Reduced stocks
are expected to bring i'll buying orders, but
outsiders were conspicuous today only by
by their absence.
Freights were frmer. with light offerings of
Buffalo room. Rates were PA C for wheat
ana &c for corn to Buffalo. and lac for
corn and ll2c for oSts to Port Huron. Esti-
mated receipts for tomorrow: Wheat, $50
cars: corn 80 cars; oats, 200 cars; hogs,
2l.030.
The leading futures ranged as follows: