St. Paul daily globe., 1895-08-13
OF BEAR FLAVOR.
GOVERNMENT CROP REPORT
INTERPRETED AGAINST THE
BULLS.
TWO PENNIES OFF WHEAT.
REPORTS OF GOLD SHIPMENTS
HELP THE DOWNWARD
TENDENCY.
TWO PENNIES OFF WHEAT.
Cables Quiet and Unimportant-
Corn and Oats in the Down
Hill Procession.

CHICAGO, Ill, Aug. 12.-The grain
Corn led the bear dance with
23sc decline, wheat was a good sec
best for weakling, winding up at
191sc per bu for September, or 11sc
lower than it closed on Saturday.
Initial trading was at Ac advance, but
lied A@3sc, declined 134c, ruled steady
and closed as mentioned. St. Louis
was very weak early, and the trade
evidently placed a "bearish" construc-
ton on the government report. The
condition of the spring wheat was low
cred 6.3 points to 95.9, and indicates
crop of $685. 60 bu, which, with the
winter wheat-223, $40, coo bu-makes the
total crop 1874, eco bu, against 1925
COO bu a year ago. There was, however,
a good deal of ''bull' news at hand,
but it did not appear to have any par
ticular effect on values. Among other
bear" news was the talk of further
gold shipments and a more liberal
dia shipments were also large at 1885,
0C0 bu. The worlds shipments were
said to be a little over 5,CO0,00O bu.
There was a good-sized increase in the
same week last year of 2,3D. OO0 bu.
The total quantity now in sight is 2,320,-
coo bu. The total quantity now IN
sight is 1884, eco bu, against 62,321, GOO
Du d cetI DoCh. lAOCdl SIOCAS uCCl edSCu
191, coo bu. and are now coo bu,
against 20, 325, 0C0 bu same date a year
back. Gables were quiet and indiffer-
ent. The weather was fine, though
rain was reported in parts of the
Northwest, and cooler conditions are
indicated. There was a decrease OH
ocean passage of 2,4S0, 900 bu, and the
English visible was sad to have in
creased 1,2S0.0 Geo bu. There was good
cash demand here, with sales of round
n k
ing 60,C0G bu and 10000 bu going for eX-
port account. Last week there We're
seventeen cargoes off the English coast
awaiting buyers, and this week only
was no doubt a factor, and cost the
price something.
In corn the chief bear factors were
the weather and the government crop
report, which caused renewed and free
selling, commission houses and pro-
fessionals leading while the demand
was confined to Shorts and ship
pers. Initial trading was at 1a@3sc
decline and gradually sold off 112c,
rallied 5s@34c, declined 1ac and closed
as stated. Receipts were large, 525
cars, and $50 cars estimated for to-
morrow. All outside markets We're
weak and lower, and cables easy. Ac-
cording to the government report the
condition of corn on August l was
1C2.5 per cent, against 1913 per cent last
year, and on an acreage of 81 $3.50, 500
acres would indicate yield Of 2,375, 000,-
GCG bu. There was rain in the corn belt
and showers and warmer conditions in
dicated: Exports were smaller at 2943
bu, and the quantity on ocean passage
decreased $4,000 bu. Withdrawals from
store were $780, AGA bu and charters
were made today for 100000 bu. There
was q decrease in the visible supply
of 81 900 bu and the total quantity in
sight is now 4,613,000 bu, against 3,164,-
OG3 bu year ago. Local stock de-
creased $4,000 bu and the quantity on
hand is l. 335, ,O10 .bu, against l, AZ. COS
bu a year back.
Oats We're active but weak and de-
cidedly lower in sympathy with wheat
and corn, and on good general selling
by the tired "longs and also little
ing was by the latter class, who cons
fined their attention chiefly to MAJ.
The opening was weak and 1$03sc low
er and declined 7s@1c and closed easy
at the bottom.
The provision trade was the least
affected by the heaviness of the
speculative atmosphere. Prices de-
chned but not to any great extent
considering that corn-the basis of
future supplies Of the raw materials
was so extremely weak. The days run
of hogs was 10000 and their price was
reported &c lower. The receipts for to-
morrow are estimated at only 10000
head. The small receipts of hogs il.
the reason for the small amount or
sympathy with the decline in grain.
Compared with Saturdays closins
prices, pork is 1Oc lower, lard sc and
ribs without change for September.
but January deliveries were relatively
weaker, the decline being in pork, 15c:
lard. 715c, and ribs, 71ac
The receipts for tomorrow were es-
timated as follows: Wheat, 12O cars;
corn, $50 cars: oats, 375 cars, and H.
coo hogs. Freights We're firm, with e
good demand for vessels, at 1ssc for
wheat and 114c for corn to Buffalo, and
112c for wheat to Detroit.
The leading futures ranged as fol-
lows: