St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-29
BEARS OUT IN FORCE.
Wheat Market Weak, the De-
preston Caused by Heavy 8.
Receipts. -
7.
TRADING WAS LIMITED.
Quotations a Shade Lower on
All Grains--ProvisiOnS
Strong.
-
QUIET DAY ON THE STREET.
A Period Of Dizziness After
Mondays Exciting
Trades.
TRADING WAS LIMITED
QUIET DAY ON THE STREET.

CHICAGO, Aug. %. The bears were
out in today's battle in the grain mar.
kets. Lower cables and heavy receipts
weakened wheat, and December closed
&c lower. May corn closed &c lower.
and September oats sc lower. Provi-
sions finished higher all around.
The wheat market opened weak, and
continued SO during the entire fore
noon. The depression was caused
chiefly by the heavy receipts at Duluth.
Minneapolis reported 191 cars and Du-'
luth Cos, making total of SS4. compared
with 1874 at the two places on the CORE
spending day of last year. The Chicago
inspection showed 464 car loads here,
against $50 estimated In addition to
the heavy receipts the foreign markets
were quoted lower. Liverpool was
given at from 76d to I'D low
er. The shipments from the prin-
cipal exporting countries of the world
last week were reported at 3,Sl6,000 bu.
and the total put afioat for the import
ing countries reached the aggregate of
1000. 1000 blu. The total receipts at our
Western primary markets for the day
were again in excess of 100000 bu.
The only news Of bullish character
in the forenoon was the liberal clear
ances for twenry-fOur hours from the
Atlantic ports. which in wheat and flour
amounted to $4,000 blu. There was
steady sagging of the price here from
5736c for December at the opening to
56Xc about IL o'clock. The weakness
Increased near the end OF the session,
and December finished at 56&@56Tc.
Corn was rather easy, not from any
change in its speculative condition, but
principally due to the Impotence of
some rather heavy local operators who.
in the absence of much outside support,
thought they could make their own
bearish views prevail. They succeeded
to only moderate extent. The reports
from the drought districts were as bad
as ever. The days receipts were 342
cars. Boyden Il Co., Henry Parker,
Bartiett-Frazier and a few others Of
fered good deal OF corn for sale. May
was irregular at the start at from 521ac,
down to 531ac, with very little bought Or
sold at the extremes at that time. The
general trading was at from 52s4c to
525sc. 1t sold at $3.50 later, recovered
to 5255sc. and closed offered at that. J,
Trading in oats was limited and con-
hnsd almost entirely to local dealers.
Prices were shade lower. in sympathy
with corn. September opened at 1890
sold at 29slc, and at noon was selling
again at 1890, closing at 29Ic. 4
Provisions were strong. The packers
are revising and amending their previous
opinions regarding the probable i'm
mediate effect upon the run of hogs of
the damage to the corn crop. September
and October shorts were good buyers of
those deliveries. and a good many mod
crate sized orders for January were
received from the country. January
pork closed TIC higher than OH the day
before. Lard is also I0c higher for Sep
TENDER and IKE higher for January.
Ribs gained only 212c each for Sep
TENDER and January.
Freights-Corn to Buffalo, Ike, and
oats, 117sc.