St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-17
BROKERS GO TO SLEEP.
VERY LITTLE BUSINESS ON THE CHI
cAG0 BOARD.
EVERYTHING CLOSES LOWER.
Bears Pound the New York Stocks
Down on Account Of the North
ern Pacific Troub:e-The Bur
lington Dividend of 1 Ia Per
Cent Has a Healthy Effect, and
a Sharp Advance Is Recorded.

ern Eac11IC 1cOUD:c-1n he Bur
lington Dividend of 4 Ia Per
Cent Has Healthy Effect, and
a Sharp Advance Is Recorded.
CHICAGO, Aug. 16.-Trade in wheat
was moderately active today. In corn
and oats it was light, while in proyis-
ions the brokers ensconsed themselves
in their capacious arm chairs and went
comfortably TO sleep. The tendency of
prices wac downward, the result of
what was spoken of as the less favor
able financial outlook.
Compared with yesterdays closing
prices. wheat is &c lower, corn is off &c
and oats from sc to sc lower.
Wheat at the opening was about the
same as yesterdays closing to &c
higher, and. after numerous fluctuations
prices declined 1s6c for September and
14@l3S C for December, reacted &c,
closing firm at about medium prices.
Light receipts and the good export bus
mess yesterday caused the temporary
show of strength at the opening, but
cables were fiat and depressed, and New
York wired that foreign buying orders
were very generally withdrawn. There
were pretty free offerings during
most of the session. Exchange was
again difficult to sell, ami quoted at SIS
@20 discount. Stocks in New York
were lower and weaker, and the North
ern Pacific receivershlp helped TO de
press the market. Some of those who
started the previous advance, which
commenced week ago, were throwing
over their loads today. n. b. Ream,
Arthur Orr and Harry Champlin were
among those who sold out. Closing
public cables showed slight advances at
Liverpool and Paris, and that brought
some buying orders fromsoutside, which
caused the market TO close firm.
There was little pressure to sell
corn at the opening, due to reports of
rain, particularly west of the MiSsiS-
sippi. The demand was light, and.
prices receded 1859 more marked
on the deferred futures. Later the
market showed a little more SteadineSs,
with less inclination to sell the near
futures-Deing influenced to some ex-
tent by good inquiry for the cash
property-and prices rallied ss@15c.
During the latter part of the session
the feeling was easy and prices settled
back again 1s@14c. and closed steady.
With only moderate trade in oats
early, weak feeling prevailed, prices
receding &c, but reacted and closed at
about the same prices as yesterday.
There was liberal buying of September
OH the break by "shorts." 1t was
case of almost perfect stagnation in the
speculative department of the provision
trade. Prices were shade higher, but
there was general indispoSition to
trade. The controlling forces made it
difficult for any one having an order to
execute 1t satisfactorily. They had to
discount the preceding quotation if
they desired to sell, and had to pay
premium if they wished to buy.
Compared with the closing prices of
the day before pork is nominally lac
cheaper, lard from 2119c to sc lower. ribs
unchanged 10 &c higher. -
Freights were in moderate demand
and steady at nc for wheat and 1c for
corn to Buffalo and 23sc for wheat and
216c for corn to Kingston.
Estimated receipts for tomorrow:
Wheat, 90 cars; corn, $50 cars; oats. 1e5
cars hogs, $4,000.
The leading futures ranged as follows: