St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-30


CqICAGo, Aug. 29.-During the gen.
eral prostration of telegraph wires to-
day chronic short sellers seized the OPP
| pOrtunity to raid the wheat market,
Partridge leading. Wheat recovered
one-half of the loss occasioned by the
early bear attack. but was still B@4c
lower for September and &c lower for
December than on the day before, as
the market closed. Corn was very firm,
and gained about Sc Provisions
closed at considerable reductions from
yesterdays resting prices.
Wheat at the opening was about SO
&c higher than the closing figures of
yesterdaysbut the market was weak and
prices declined sc for September and
lc for December, then became stronger,
advancing sc for the former and re for
the latter feature. eaSed off some and
closed about sc lower for September
and &c lower for December than the
closing figures of Yesterday. The OPEN
ing, while trifle higher, could perhaps
not be called firm, for the offerings
were large, many parties feeling dis
posed to realize and take profits on the
purchases they had made yesterday at
the lower prices. Cables were not as
encouraging as they might be. The
English visible Supply-that is the i'm
ports and farmers deliVeries-eXcee
the estimated consumption by about
i.429.O00 blu. and the supplies
were supposed to have increased
to that extent. At the decline there
was good demand, possibly local OPP
orators oversOld themselves and were
n not thaar.
was not much wheat offered " hen tile
buying started. and prices recovered
steadily with September taking the
lead and the premium for December
over September was narrowed down to
about &c at one time.
The good cash demand and the
smaller arrivals for tomorrow, together
with the lower temperatures on the
weather map. appeared to be the prin-
clpal influential factors in stimulating
corr. Transactions were in the main
local and the buying quite general, no
particular individual business being
noted. Opening trades were at slight
advances, and after selling off B@3Sc,
May showing the most decline. rallied,
advancing 15@54c, reacted fully 3sc,
ruled steady, ana at the close had gained
4036c.
The stock of contract here was cut
down by 1915 blu last week, making
the quantity on hand $780, blu, against
stock OH the corresponding date one
year ago of 1898, 900 Du.
There was fair trade in oats and an
IRREGULAR feeling, prices fluctuating
within &c range, and closing at about
| the same as yesterday to slight adj
vance. There were no special features.
Provisions were easier OH heavy re.
ceipts of hogs. Trade was painfully
| light, with fifteen-minute intervals be-
tween trades. Hog receipts here were
$4,000, at Omaha 5000 and Kansas City
1900. Estimates for tOmOrrow's re-
| ceiptS here. $4,000. Everything on the
| speculative list was weak and lower,
and at the close the days loss was SOC
i'll September puIk and zoe in October.
September ana October lard are Soc
lower, and September ribs are off 3215c,
with October 4219c lower. The tendency
was TO narrow the spread between the
various options.
Vessel room was in light demand and
rates steady at 115c for wheat and lHc
for corn to Buffalo, and &c for corn to
| Kingston.
Estimated receipts for tomorrow:
Wheat, SO cars; corn, $50 cars; oats, 195
cars; hogs, $4,000.
The leading futures ranged as follows: