St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-24
DULL IN GRAIN PITS.
After a Strong Opening the
Session Ended With Losses
All Around. i2g
!
BULL AND BEAR FACTORS.
isa
The Reports Of General Dry
Weather Offset by Absence
Of Buying Offers.
GOOD GAINS IN STOCKS
40
A Bullish Market, in Which
the Vanderbilt Shares
Led.
BULL AND BEAR FACTORS,
GOOD GAINS IN STOCKS.

CHICAGO. Aug. 23.-The grain mar
kets began the day with fair show of
strength, but the advance was met with
moderate selling, and the session end
ed with losses all around. September
wheat closed &c lower. September
corn &c lower and September oats &c
lower. Provisions were firm, and fin
lShed at an advance.
There was only small trade in corn,
he market opened strong and higher
on the generally dry weather reported
from the corn country and in syupa-
thy with the opening jumps in the
price of wheat. 1t became weak later
from the absence of country buying
orders and the narrow trade, which en-
abled few bearishly inclined local
operators to make an impression by a
moderate amount of selling. The re-
ceipts were 80 cars over the estimates,
numbering $50 cars received. May corn
sold at the opening at from 5311sc up to
$3.50; after touching 53c it again rose
to $3.50, but became very weak after
that and got down around 5215 toward
the end of the session. September sold
at from 54Lsc early in the day to close at
5S5sc.
Wheat was at times rather dull, and
the range for the day confined within
&c range. The feeling was unsettled.
Initial trades were at 14036c advance,
at 55@551ac for September, and, after
selling off &c. rallied &c, eased off &c,
changed some and closed with Septem-
Ter at 54l9(@545sc. The early strength
and firmer opening were attributed to
the continued wet weather abroad and
higher cables, which started the local
crowd to buying, while foreigners were
said to be selling at New York, and
Chicago, which turned the course
of the market, and prices sold
off. There was more wheat feeding
talk and advices from the interior
stated that it was Oh the increase, which,
while rumor factor, had q stimulatin
tendency. On the other hand, the Price
Currents summary was rather "btar-
lsh. :" indicating total crop of 0,000,-
600 bushels, the Northwest receipts were
larger, and the arrivals at primary mars
kets also showed some increase, whiens
had the effect of limiting the BUYING
and rather increasing the selling press
sure among the local traders. New
York rather led in the action of prices
today, and quotations were watched
rather more closely than usual. Closing
puDllc caDleS were easier lOr cOntlne Mt
al markets and had something to do
with the late decline.
Oats were taken freely, and an active.
session with higher prices early was the
result. Outside orders to buy were
numerous, and with heavy Individual,
as we'll as good local buying, considers
able stuff changed hands, The firmnesss
lasted well. while corn was alsos firlner,-
but when the latter began to decline
the market weakened. September
started at an advance of Is over yester-
days last quotation at Sic: sold up to
3lH@3lXc and declined to S02Sc, clos
ing at 302sc.
Provisions were generally firm OH
moderate buying, scarce offerings and
hog receipts under the estimate. Pack
ers did some covering. also helping the
market.
Compared with last night, January
pork is l71ac higher and lard aud ribs
nc higher. Freights-Rates to Buffalo
1c for round lots of wheat and corn, and
13sc for small lots by line boats. Oats
TO Port Huron at lie, and wheat to
Kingston at 214c.
The leading futures ranged as follows: