St. Paul daily globe., 1894-08-18
CORN A HEAVY LOAD.
Holders Of the Cereal Are
Beginning to Let 1t
Sag Slightly.
ALL GRAINS GO DOWNWARD.
The Decline Ranging From
1-2 Cent on Wheat to
1 is on Corn.
ALL GRAINS GO DOWNWARD.
BURLINGTON TAKES A BOOM.
Advance in It's Stocks the
Feature of the Financial
Markets.

CHICAGO, Aug. l7.-The spirit of the
corn market was broken today, and its
neighbors felt for and sympathlzed with
it. 1t is 5sc lower for May and sc
lower for September than it closed at
yesterday. Wheat dropped 15c of its
former price, oats are 15c lower, and
provisions losses for the day average
about 10 points. Wheat from Toledo
being unloaded into Chicago elevators
and heavy rail receipts were the chief
causes of depression in that article.
Wheat was moderately active, within
%@$lc range. The feeling was unset
tied, and fluctuations were quite fire.
Quent within the comparatively narrow
limits. Initial transactions were at 40
sc loss, at 544@545sc for September.
but gradually worked up 3S@1ac, eaSed
back 5S@4c. rallied 14@5sc, declined
5s@$lc, and closed with Septem-
ber at 54@5415c. The tone at the
start was rather weak, owing to
the heavy receipts on the inspec-
tion chart. and was inclined to
sell off, but the price i'll New York was
firm, and checked the downward ten
dency. The New York quotations were
watched quite closely all day, and
played an important part in the course
of prices here. After the first advance
reaction set in. due some to the break
in the East and the selling here by
prominent local professionals, but
rallied again On the very fair exports
and the falling off some in the receipts
at the primary markets. A cargo of
$1,000 bu was inspected in, arriving
from Toledo. and reports OF another
100000 bu being in the harbor, which
would appear in tomorrow'S receipts.
The export clearances of wheat and
-four were fair, and aggregate 416.O0O
bu, Of which 10000 bu were in flour.
There was no fresh business reported at
New York, but twelve 10 ads were re-
ported taken for export at Baltimore.
1t was rumored that there was some
business doing here today, but no par
ticulars were given.
Corn was less active. with fluctuations
confined within narrower limits. The
feeling continued rather nervous and
unsettled. but the undertone was rather
more bearish, and offerings, while
not large were more general. Appar-
emily there was more disposition to fa-
yor the short side. The market acted
as though the country had liQuidated
pretty freely, and were now holding off
| buying, awaiting a still further break.
Local professionals sold moderate
quantities, and in some instances where
Western Spectators had secured good
profits, they were buying again on a
smaller scale. The Washington forecast
was for showers in Indiana and llli-
nois, fair and cooler I'D Iowa. Missouri
fair, Nebraska fair and cooler and Kan
sas fair, W tn sOutherly winds. Do
mestic markets were easier, aad cables
came with spot firm and ia, and fu-
lures nominal 10 IA lower. The mar
ket opened witTa decline of 4@}sc at
| 54N for September, but gradually sold
up $s@3Sc, worked back 12c, rallied
some, declined &c and closed with Sep
tember at $3.50.
The activity in oats was resumed
again after yesterdays lay off and not
only was the market lively but consid-
cradle business was transacted. The
corn market continued TO rule prices in
oats, ahd the earlier feeling was en-
| tirely in sympathy with corn.
Provisions were active, opening firm
on higher live hog prices. but soon de-
clining on liberal offerings. Good de-
N and developed at the decline and
| prices advanced, but the market again
| declined, reacting at the finish and
| closing steady. Compared with last
nights, September pork is 25c lower;
| September lard 715c lower, and Sep
| tember ribs zoe lower.
Freights fairly active for Buffalo. al
| &c. and line agent claimed to get 1c
for 1861 900 bu. Corn room was offered
at &c.