St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-25
BEARISH ion WHEAT.
On Claims That the Surplus
Will Exceed Foreign
Demand.
GRAIN MARKETS ALL WEAK.
In Sympathy Corn and Oats
Both Closing Fractions
Lower. =
WHISKY = STOCK ACTIVE.
ia
hi
Heavy Transactions in Wall
WHISKY STOCK ACTIVE.
Heavy Transactions in Wall
Street Led by the Trust,
Shares. 60 =

CHICAGO, Aug. 24.-All the specula-
tive markets were weak, and wheat was
the weakest Of them. What the country
millers do not need anu the hogs don't
want still leaves enough, 1t is claimed,
to supply all the foreign demand. with a
respectable surplus besides to swell the
visible supply. and that feature of the
situation caused the weakness. Wheat
and corn closed &c lower, oats &c lower
and provisions moderately below yes
terday's value.
Wheat wasqulet at lower prices. with
the trade mainly local, and fluctuations
were frequent and confined within &c
range. The feeling was easier, the most
OF the news at hand being in the main
of a bearish character. The market
started out easy, with 1s@4c decline,
at 544@54119c for September. with
the trade very light, there being
general lack of outside orders, which
was one of the bearish features. The
price gradually receded 14(@9sc. rallied
4@ssc. changed some. and closed with
September at 5414c. The lower cables
and more favorable weather abroad
were influences which started the bear
ish sentiment, and the market was fur
Their depressed by the large arrivals in
the Northwest, which were over double
those last year, and were said to con-
sist of three-quarterS of new wheat. II
was this larger movement, which is ex-
pected to increase the next two days,
which was the principal Dearish factor.
Arrivals at primary points were mate
rally increased, and this and the small
exports were also influences which
tended to increase offerings. North
western markets held steady early in
spite of the large receipts there, and
outside markets were also fairly steady.
weak, with the United Kingdom de-
pressed. Minneapolis wired that the
movement there would show a large
increase i'll the near future.
Corn was weak. There were reports
OF likelihood of an increase in the re-
ceipts in the near future, which received
partial confirmation In the eStimatesvf
$50 carloads for Chicago tomorrow. Re-
celpts Today exceeded yesterdays esti-
mate by twenty-one cars. Business In
the pit was very dull. May opened at
524c, or &c lower than 1t closed yesJer-
day. 1t sold sparingly at 521ac. and on
the receipt OF the estimate of tUmorrow's
receipts 1t dropped to 51%c. September
from 53$4e declined to $3.50, then recey-
cred to 5415c. after which it again sold
down to 553sc, reacting at close to 5411lc.
The StoporderS that were eXpectedktO
become operative when May should he
depressed TO SIC did not materialike.
On the contrary. there appeared to be
few buying orders awaiting such de-
cline, and slight reaction took plaee.d
Inc session in oats was not marked
with any large trades, but fair bust
hess was transacted Notwithstanding
that local traders we're about the only
active spectators. Prices were lower,
principally IN sympathy with corn Sep.
TENDER started sc under Yesterdays
closing price at 3UI9c, and sold down to
soc.
The close showed the market at 3O11c
bid, after having touched 1890. The
provision market started firm and a
shade over yesterdays closing prices
OH account of receipts of only $1,000
hogs. The weakness which developed
III corn and wheat caused provisions to
sympathize, aud they left Off at a de-
cline as compared with the last prices
yesterday. January pork closed 15c
lower. lard TIC lower, and ribs nc
lower.
Freight rates quotable at 1@lHc for
round and I75@I4c for small lots of
wheat and corn to Buffalo. Oats to Port
Huron, 1c. and wheat to Kingston. 24c.
The leading futures ranged as follows