St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-02
|AsfRE-H0LIDAY WEAKNESS.
Dxalers Endeavoring to Dis
} ..Adunt the Effects OF Mon
- days Close.
RAIDED SUGAR.
5Forcing the Price Down 1 3 Sc
= ,s''1---0ther Stocks Dull
and Weak.

CHICAGO. Sept. 1.-Board of trade
business was rather light today and the
bears had the advantage in the contem-
piation of big array orfigures as likely
to represent the receipts of Tuesday
morning. Another expected addition
to the Visible of wheat of about 100000
bushels was also against the bulls. AS
a consequence wheat is nc lower than
1t closed yesterday. Corn. after lively
rise in the beginning, tumbled until &c
lower for September and &c for May.
September oats closed &c lower. and,
provisions finished at advances. 49,
A general desire to anticipate the
effect on Tuesday morning of the ac-
cumulations of the receipts during the
Sunday and Monday holidays caused
wheat to rule weak. 1t was steady for
about an hour, but broke down when a
sudden collapse in tho price of Septem-
Der wheat reawOke the wheat traders to
what had previously been In their mind
about, the expected big receipts on
Tuesday. The receipts today were
rather smaller than. estimated for
Chicago, and at Minneapolis andsDuluth
.uo oPoA wv lCCCiptS utu iot SuoW any
Likelihood of the volume of farm
er's deliveries in the N orthwest in
creasing. The foreign markets were
steady. and the deliveries of wheat on
September contracts were all taken
care of by the elevator propriet0rs.
About 100000 bushels was the
quantity which was supposed to be tell
dered In the morning Nv a few houses,
and going the rounds it found Its way
all back to the buyers VINO have sold for
December. Trade was light. and the
price was thus easily affected by mod
crate amount of short selling. The
bulls are Juggling probably 100000, 900
bu of long wheat in this market, and
they need help when their burden is in.
creased by the impact Of the short SELL
ers jumping on their shoulders. De-
cember opened at 561sc, or &c below its
closing value on Friday. it advanced to
57s4c, sold off to 5615, and closed at
56Ic.
There were practically no deliveries
OF corn on September contracts today.
and conseq uentIy the shorts for the
month were alarmed. The holders of
the cash corn did nothing TO allay their
fears, but, on the contrary, j. c.
Schwartz's recognized brokers were
bidding for the limited offerings during
the first hour OF the session. Septem-
Der opened at 81 as against 56sl at the
close Yesterday. 1t rose exciiedly to
$685. and after reacting 10 S., close to
which it held for short time. it had a
sensational tumble to 561a and
later TO SAC. at which latter point it was
when the market closed. The weak
ness came from expected heavy Monday
receipts. May opened firm at about
Yesterdays closing price and advanced
under the influence of the strength in
September until the former touched sac.
1t declined from SIC to 52%c, and closed
at $50 or PC lower than on the previous
afternoon. Receipts estimated for Mon
day at $50 cars was weakening factor.
The oats market opened with firmer
tone and orders were quite plentiful.
but this strength lasted but avery short
time, for when the corn market weak
ened oats followed and at the end of the
session prices were considerably lower.
The decline was helped by liberal
offerings and rather tame demand.
At the opening September sold from
80 to 301Sc. Then the decline COM
menced and 294c was the lowest
price reached. That price was bid at
the close.
Provisions were strong. There was
uery little disposition to sell short. The
deliveries on September contracts were
insignificant. Hog receipts for the day
were 10000, and the price quoted from
the yards showed about l0c advance
aiding in the advance. Pork sold at s14
for both September and January and
closed worth 1885 for deliveries. being
an improvement of from 1913 In Sep
TENDER to ~ in January. Lard closed
with 10c gain in September and SC in
January. Ribs unchanged
Freight rates steady at lss5c for wheat.
l14c for corn and l & for oats to Buffa.
10; nc for corn and 1c for oats to Port
Huron.
The receipts for Monday are estimated
as follows: Wheat, 800 cars; corn, $50
cars; oats, 325 cars; 5000 hogs.
During the next week $1,000 hogs are
expected. e--
-Eha leading fntures RANGED az follows.