St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-30
fEUUU Vi fEuLIrlN
Markets Sagged Considerably
Under the Extra
Weight.
ALL GRAINS WERE LOWER,
Though Talk Of Frost in the
Northwest Tended to
Stiffen Corn.
ALL GRAINS WERE LOWER,
BEARS RAIDED CHANGERS,
Forcing a Decline in the
Entire Active List of
Stocks.

CHICAGO. Aug. 29.-Heavv receipts,
present and anticipated, weakened the
wheat market today, and December
finished with loss of sc. Corn closed
4c lower for May. and September oats
are sc lower. Provisions closed with
but little change.
In wheat there was only moderate
speculative trade. The price kept
within sc range, with the trade prac-
tically local. The feeling was again
weaker, and still lower prices ruled.
Initial trades were at A@5sc loss, De-
cem5er opening at 561sc, and sold off
4@5sc more, rallied &c. became dull,
changed some and closed with Decem-
Der 5615c. This weaker tone was due
mainly to the large movement in the
Northwest, the lower cables and heavy
receipts at primary markets, all of
which combined to make the situation
weak from the start, the price later
on having slight rally. influenced
some by the upturu in corn and reported
heavy exports. which were afterward
found to be an error. There was a
good deal of changing. September to
December at SIC and 316@34c differ
ence, and a prominent local elevator
concern was credited with doing the re-
verse. Receipts in the Northwest while
not SO large as yesterday were quite
heavy. and the total for Duluth, Mime
apolis and Chicago showed an increase
of 979 cars over the corresponding date
one year ago. First cables quoted
futures dull and unchanged and closing
advices reported Liverpool futures
down 4@Ad. Berlin was unchanged,
and Paris wheat I@13s per bu lower;
Receipts at Duluth were 474 cars, and
Minneapolis 26l cars, total of 735 cars
against SS4 cars yesterday. Correspond
ing date year ago, 164 cars. Receipts at
Western points aggregated 1.335, 235 bu,
and at Eastern points 5000 bu. Ship
mentS at Western points were 293.649
'bu. and from Eastern points were 2lS,-
S04 blu.
In corn there was a fair trade, and
prices changed frequently within ia
&c range. The feeling was rather
mixed, the price selling off early and
rallied some later. There was quite
free selling from the start and prices
sagged back, being continuation of
Yesterdays decline. The selling at the
start was Influenced by the more
lofOioolO SlOp uCWos luC various Sldlc
and weather reports being rather more
bearish. The rally which followed was
attributed to the prediction by the local
weather bureau of frosts tonight in
Wisconsin and Minnesota. A feature
was the liberal offerings within a frac-
ton of SIC for May. but at that price
good demand prevailed and checked
any further decline. One concern was
credited with selling 100000 bu Nav
during the early part of the session.
Outside markets were all easier, and
cables came in lower.
The market opened with L(035c de-
cline at 5214c for May. and soon sold off
A@3sc more. rallied &c, eased off &c,
advanced 1000, declined A@Ic,
changed some, ruled steady and closed
at $3.50 for May.
Oats were active and fair to easy on
good buying. There was free selling
by the elevator people. but the demand
was fair. The range tor September was
sc.
Provisions were generally firm on
small hog receipts, firmer outside mar
kets, good buying and rather scarce
offerings. The market weakened mod
erately near the close on a decline in
live hogs. Compared with last night.
January pork and ribs are unchang ed,
| and lard is 21ac higher. Freight-Rail-
| roads are SAID 10 be making rate of %
cents on provisions to the seaboard. a
Gun of five cents. Lake rates were
steady. Charters for corn were at Il
and oats at &c. A cargo of oats to PORT
Huron paid one cent.
The Leading futures ranged as follows