St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-19
GRAIN MARKETS.

CHICAGO, Aug. 1S.-In wheat there
was a light speculative. business. the
range for the day being limited TO 55@
lac. The feeling was easier. First
trades were at fractional advances at
54Ic for September, but did not hold,
and 35(011c re action set in. followed
BY 4QLc rally, ruled steady and closed
with September at 53M@531sc. The
early irmneSs was attributed to the re-
ceipts falling off over 100 cars from the
estimates and to smaller movement
i'll the Northwest, and the cables,
while dull. showed no decline. all of
which tended 10 strengthen the prices.
The market. however, soon sympa-
thfzed with the decline in corn, and
lower prices followed, the Northwest
selling moderately, and a prominent
local Spectator also sold freely. which
assisted the weakness, the buying being
confined principally TO shorts" Ele-
vasor people were moderate sellers.
Reports from the spring wheat country
came in like those from the Southwest
month ago, stating that dressings were
turning out much larger than expected.
Private cables quoted the weather
Showery in England, and market quiet
and rather weak, with prices UNI
changed, and added that the French
crop was ascertained to be large, but
quality reported as unsatisfactory.
The crop damage scare largely col.
lapsed today, and corn. which a week
ago was so exceedingly buOyapt that it
was able to lift not only itself but every
other market OH the floor, was heavy as
lead, and closed with loss since yes
terday of lie per bu. Wheat Joined the
funeral march Of corn only to the eX-
tent of &c per bu. Provisions followed
the procession reluctantly, closing at a
moderate decline.
The corn market was weak. and ap-
peared to be in need of more buying
orders from the country. as the demand
was very light. The general impression
that the crop damage had been over.
estimated was chiefly responsible for
the decline. Trade was fairly active.
Receipts were only 245 cars. and esti-
mates for Monday $50 cars. The highest
! prices Of the day were made at the
opening. and they were at trifie im-
! provement upon the closing rates Of the
| day before. The price Of September
declined l nc under the highest it sold
| for at the opening, and it left off lie
! below its current value at the close yes
| terday. May pursued similar course.
| gaining for an instant at the start &c
OH the previous afternoons price, but
dropping 1c of that, closing with net
loss of &c for the day. The opening was
at from 521s@524c, and it closed at
5155c.
| Trading in oats, while only active a,
times during the session, amounted in
all to very good days business. The
tone of the market was easily Influenced
! by the action of corn. September CLOSED
sc lower at 1890 bid, after having sold
| from 3O1scto that price. May ranged
from 345lc to SAGE, and ended with the
latter price bid, decline of &c also.
Provisions opened higher OH light
! live hog receipts, but under increased
offerings soon.sold down. Some steadi
ness was developed near the close or
moderate buying, and slight reaction
! followed. Compared with last night
| January pork is zoe lower, January lard
sc lower, and January ribs 10c lower.
Freights-Corn and oats, Buffalo, al
&c, or &c better for oats; wheat, 215C
! to Kingston, and a load of oats TO Por
Huron, &c.
The leading futures ranged as follows