St. Paul daily globe., 1895-07-31
WEAK CABLES THE CHIEF IN
FLUENCE IN LOWERING
PRICES.
LOSS OF OVER ONE CENT.
SURPRISING SMALL DEMAND FOR
SPOT WHEAT IN LIVER
POOL.
A LITTLE BULL INFORMATION
Of the Northwest Crop 100000
600 Bushels Is Credited to
Minnesota.


c1paI articles dealt in on the board of
trade were easy today and closed low
er. Weak cables were the principal
influences in wheat, which shows. loss
Of 1Ac; corn is off 11sc in spite of threat
ened frost; oats a like amount; pork
421ac, in sympathy with the lower price
for hogs and on the light demands for
products; lard shows a decline of 1Oc,
and ribs are off 121hc. Lower quota
tlons from Liverpool, in the face of
yesterdays strength here and what ap-
peared to be heavy receipts at Duluth,
gave the wheat market very weak
start. The decline of &c at the OPEN
ing in the Liverpool was said to be
due to a disappointingIy small demand
for spot wheat. The heavy receipts at
Duluth were largely comprised, it was
said, of wheat sold at Minneapolis to
go East via the lake port, and of 345
cars reported at Duluth this morning.
25O cars We're from Minneapolis That
explanation did not have any effect,
however, in arresting the decline or
changing the bearish sentiment with
which the crowd commenced. Moth
ing occurred to disturb the serenity of
the short sellers until synopsis of the
Orange Judd Farmer report for the
crop was made public. On information
afforded by that the price of September
recovered from around 7G5sc to 711sc,
although quick advance at st. Louis
about the same time contributed to the
recovery. According to the agricultu-
raj publication referred to, the aver
age condition of spring wheat has been
reduced six points this month The
falling off in South Dakota is II points.
IN Washington 19 points, in Minnesota
points, and in North Dakota points.
Tha average condition indicates a crop
of about 165, ,000,000 bushels, of which
l2O,OCO,OO0 bushels is credited to Min
nesota and the DakotaS. The estimate
of the Pacific coast crop is reduced
from 100000 bushels to 10000, COO, and
the total winter wheat yield is tenta-
tIVeiy estimated at perhaps less than
ten bushels per acre. 1t estimates the
entire crop at 405, 600 600 bushels, as
against 420,0Q0,000 bushels on July l.
The Atlantic port clearances were
again disappointingly light, the wheat
amounting to only 20,181 bushels and
the hour to 1925 barrels. Primary
market receipts were rather heavier,
but still very much below last years
movements. The total received at
Western markets was 45S,C9O bushels,
against 239, 600 bushels a year ago. The
opening price for September was from
n3sc to 711sc, and after its early tum-
bic to 70asc, and subsequent recovery
to 7lzac, it kept within easy call of
Hc. The trade was light, and largely
on local account.
The corn market ruled lower today
but showed considerable amount of
firmness at the decline. The cool
weather prevailing here raised visions
of possible frost in the minds of the
n tt,n
tanning influence which prevented the
present prospect of crop of over
2,250, 100000 bushels, as estimated by the
Orange Judd Farmer, from causing
lative feature was early selling of a
rather aggressive character by Bart
lett, Frazier & Co., followed by equal
ly bold buying by Baldwin Farnum
business was on the whole light. Re-
ceipts for the day were Alt cars, but
for tomorrow the estimates are for
only 23S cars. September opened at
to 43G431sc, declined again to 4255s@42a4c,
and at the close was worth 43c. May
ranged from 353sc to 355s@35%c, and
closed at S55sc bid
Oats were dull and featureless. The
market followed the course laid out
| by wheat and corn, and while doing so
met with very few sales. The early
market was more active than later
| OIL III the S6SS-On. Inc lOT
| cash oats continued quite urgent, and
was the principal feature of the mar
| ket, and influenced a higher price for
| July.
| Provisions were dull, the market be.
ing dominated by the slackness Of the
cash demand and weakened by the
| lower prices for live hogs. A private
estimate of the stocks of provisions
shows remarkably little change for the
month. It makes pork stocks the same
as on July /, lard 1000 tierces less, and
ribs 2,Ge0,0O0 pounds less than month
ago. The opening prices were at re-
spective reductions from yesterday S
closing quotations in pork and lard
and ribs of 111Ac, 212c and PIC. Pork
| declined another Ice in the forenoon
and further 15c near the close.
Estimated receipts for tomorrow:
Wheat, 80 cars; corn, 2S8 cars; oats, los
cars; hogs, 1900.
Vessel rates were stronger, with a
good demand for room. Charters were
at 1Ac for wheat.
Ine leading futures ranged as fut~
| lows: