St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-25
LOWER PRICES AGAIN
RESULT OF THE TRADING IN THE
BOARDS SHORT SESSION.
DULL AND DEF REssEDmARkET

Bears Start in Well on the New
York Stock Exchange and Are
Aided by the Bank of England
Discount Being Raised-Rapid
Recovery Near the End of the
Session.
CHICAGO, Aug. 24.-Lower prices for
wheat, corn and oats were the result of
the trading in today's' short session.
Compared with yesterdays resting
prices, wheat is 1c lower, corn is off &c
and oats &c. Provisions were in the
main firm, closing slightly higher for
ribs but rather lower for pork and lard.
The influences affecting the wheat mar
ket were the dull and distressed cOndi-
! ton of European markets. the lack of
export business, foreign buyers
apparently not being in any
! pressing need for wheat, and, notwith-
standing prices are very low, being dis
persed to mold off. Then it is expected
that the spring wheat crop will COM
mence TO move soon, and this is having
some effect upon the operations of trad
| ers. The market opened &c lower, re-
! acted &c lower and declined irregularly
| &c, closing easy at the lowest figure of
! the day. There was some firmness i'm
! parted to the corn market for short
| time by the assertion in the Cincinnati
| Price Current thatyery little benefit had
( accrued to the corn crop west of the
| Mississippi from the recent rains, and
none at all to that east of the river.
| This strength was soon overcome by
the weakness of the wheat market and
| the heaviness at Liverpool, that market
being reported weak and Id lower for
! corn. More rain throughout the coun-
| try also had considerable influence in
| strengthening the hands of the shorts.
| The estimate of $40 cars for tomorrow
| increased the weakness. The close was
at about the lowest price of the day.
| Absence of buying orders caused oats
| to recede. The receipts we're larger
than were expected. The close was
easier at the inside.
Provisions were again largely con-
! trolled by the operations of Armour IL
/ Co., whose brokers were buyers of mod
crate quantities of ribs. The latter
article ruled strong, but the full amount
OF the days advance was not main
| tanned to the close. The net gain in the
J end was sc in the September delivery.
| Lard closed from 81 to &c lower than it
j did yesterday, and pork was reduced to
| a nominal pric9, 15c lower than it closed
Oh the previous day.
J There was but little demand for YES
| sci room, and rates remained nominaily
unchanged at nc for wheat and 1c for
! corn to Buffalo.
Estimated receipts for tomorrow:
| Wheat, 80 cars; corn, $40 cars; oats,
| 1856 cars: hogs, 10000.
Cash quotations were as follows:
J Flour dull, steady. Wheat-No. 2 spring.
| $3.50; No. spring, f.O. b.. SOC; No. 2
red, $3.50. Corn-No. 2, 36Yc. Oats
| No. 2, 23c; No. 2 white, f. o. b., 2714@
2715c; No. white, f. 0. b., 253l927c.
Rye-No. 2, 45c. Barley-No. 2. NOM
inal; No. 3, no sales; No. 4, no sales.
| Flaxseed-No. l. SlO019. Timothy Seed
Prime, S3.35(@3.40. Mess -POrk-Per
Dbl. Sl2.90@13.15. Lard-Per 100 lbs,
| SS.10@S.20. Short Ribs-Sides Qoosel,
sS.2O0S.25; dry sailed shoulders (bOxed),
| S7.25(07.5O; short clear sides (boXed),
| S. 259S.50. Whisky-Distlllers finished
| goods, per gallon, SLIP. Sugars =
! Cut loaf. csc; granulated, 1851: stand
ard a." SIC. Corn - No. 8, $3.50.
Receipts - Flour. $4,000 bbls; wheat,
$1,000 bu; corn, $4,000 blu; oats, $4,000
bu; rye, 1900 bu; barley, none. Ship
ments = Flour, 10000 bblS; wheat,
$1,000 bu; corn, 21S,00O bu; oats, 2O4,0 900