St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-23
DECLINE ALL AROUND,
Wheat Down 7-8 Cent, Corn
1-2 Cent. Oats and Pro-
visions Little Changed.
OFFERINGS WERE HEAVY
Russian Crop News Had a
BeariSh Effect On
Wheat.
OFFERINGS WERE HEAVY
STOCKS TAKE AN ADVANCE.
Market Was Active but r.
regular and Fluctu- ~
ating. f

CHICAGO. Aug. %. Business was no.
brisk i'll any of the speculative markets.
although an unsettled feeling caused a
good many rapid fluctuations. Ilr grain
the final outcome of the days trading
was decline of &c in wheat and 11c in
corn, with oats and provisions practi-
cally unchanged. Selling on tine hard
spots was responsible for the decline,
holders realizing at the higher prices.
Wheat ruled fairly active. the range
for the day being 5000. First trades
were at 19@5sc decline, at SOC for
September, and sold off a fraction more,
rallied Ss(9$lc, eased off &c. advanced
18@14c. became steady after changing
some and closed at 54s4c for September.
The market started out weak, not
outstanding the small receipts, the
local cables apparently having more in
f1uencs, and local room trade sold quite
freely for while. The sentiment
changed and the prices suddenly ad .
vanced on foreign news. The weather
was reported as again cold and rainy on
the continent, and private cables gave a
bulllsh official Russian crop re-
port. but without details. New
York led in the advance. SELL
ing up before the turn here.
nd was also something of a factor.
At the advance there was quite little
realizing, and prominent local con.
Germ with elevator interests was sup
posed to have sold freely. New York
lost most of the strength and also re-
acted. The falling off in local receipts
no doubt caused outside buying. There
was rather free liquidation in Septem-
Der, selling that delivery and buying
December, the premium widening to
about SIC. Operators evidently over
bought themselves OH the Russian crop
news, and in selling out the price re-
coded to about the inside figureO of the
day.
Corn ruled fairly active, and f1uctua-
lions covered X@l15c range. The feel
ing was again nervous and rather I'M
settled. with the market sensitive and
subject to sudden turns either way.
The sentiment at the start was little
bearish, and offerings were quite liberal
at the time, Influenced by the various
weather and crop bulletins being
more favorable than expected, and
also to the fact that the market
closed near the top yesterday
and some reaction was anticipated to.
day. Early offerings were quite readily
absorbed, and a few orders quickly
coming on the market checked the de-
cline, with the early sellers turning
buyers and finding little for sale. A
firm tone then prevailed, but outside
figures were not maintained, material
reaction setting III, and final quotations
showed loss for September or 15035c,
and 4@5sc for May. There was
moderate country buying and
some realizing for interior holders
around outside prices. Opening trades
were 15@Ic loss, at soc for September,
and after holding steady for while, ac-
vanced%@Xc. eased back 4QQssc. raj
lied some. declined &c, changed some,
and closed with September at sac.
While there was no independence what
ever i'll regard to tine fluctuations of the
oats market, quite good business was
transacted and the market was active
during the greater part of the session.
September opened at Solc, sold off to
302sc, up to Sic. and closed at 30%c.
Provisions were firm without much
activity. Very few orders were on the
market from outside, the packers placed
solitaire. Armour Il Co. sold some ribs
for January. The Chicago Packing
company. who bought quite freely of
September ribs yesterday, were the
most liberal sellers today. The tiuctua-
tions i'll pork followed the changes of
corn to moderate extent.
Closing prices for January are very
little changed; Pork closed at s13.57%,
or 21l3c higher. and lard and ribs at yes
terday's final prices.
Freights-Wheat at 14c and cargo
of corn lc to Buffalo.
The leading futures ranged as follows