St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-20
GRAIN MARKETS.

CHICAGO. Aug. 1S.-In wheat there
was a light speculative business, the
range for the day being limited to $50
&c. The feeling was easier. First
trades were at fractional advances at
sac for September, but did not hold,
and a 35@1Sc reaction set in, followed
by 1s914c rally, ruled steady and closed
early firmness was attributed to the re-
ceipts falling off over 100 cars from the
estimates and to smaller movement
in the Northwest, and the cables,
while dull. showed no decline, all of
which tended to strengthen the prices.
The market, however, soon sympa-
thized 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-
vator people were moderate sellers.
Reports from the spring wheat country
came in like those from the Southwest
month ago, stating that threshings were
turning out much larger than expected.
Private cables quoted the weather
Showery in England, and market quiet
and rather weak, with prices I'M
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 buoyant that 1t
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 1c per blu. Wheat joined the
funeral march of corn only to the eX-
tent of &c per blu. 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
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 $50 cars. The highest
prices of the day were made at the
opening, and they were at a trtle im-
provement upon the closing rates of the
day before. The price of September
declined 11sc under the highest it sold
for at the opening, and it left off 1c
below its current value at the close yes
terday. May pursued similar course,
gaining for an instant at the start &c
OH the previous afternoons price, but
dropping 1c of that, closing with net
loss of &c for the day. The opening was
at from 521s@524c. and it closed at
513sc.
Trading in oats, while only active at
times during the session, amounted in
all to very good days business. The
tone of the market was easily influenced
by the action of corn. September closed
ssc lower at 29slc bid. after having sold
from 301sc to that price. May ranged
from 34$lc to 34$sc. and ended with the
latter price bid, a decline of sc also.
Provisions opened higher on light
live hog receipts, but under increased
offerings soon sold down. Some steadi-
ness was developed near the close on
moderate buying, and slight reaction
followed. Compared with last night.
January pork is zoe lower, January lard
sc lower, and Janua ry ribs 10c lower.
Freights-Corn and oats, Buffalo, at
&c, or &c better for oats; wheat, Csc
to Kingston, and load of oats 10 Port
Huron, &c.
The leading futures ranged as follows: