St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-27
LOSING IT'S GAINS.
| WHEAT OPENS HIGHER, But
soon TAKES A DOWNWARD
COURSE.
FOREIGN MARKETS FIRM.
WEAKNESS AT HOME CONTINUES
UNTIL SEPTEMBER DROPS
TO 50 Is.
CORN SPECULATION WEAK, TOO.
Oats Active in the Morning, but
Quiet Lnter-Preyision Mar
ket Heavy.
FOREIGN MARKETS FIRM.
CORN SPECULATION WEAK, TOO.

CHICAGO, July 26.-Because of the
Indications for a heavy spring crop,
wheat gOt another section of Wednes-
DAY heavy rise taken off today The
decline at one time amounted to 1$4c
per DuShel, and at the close the price
was still 14c lower than at the CORE
spending time of the day before Corn
was weak, and closed 1ac lower for
September, and September oats lost
1sc. Provisions declined also although
hog receipts were very small. Owing
to unexpected firmnesS in LIVERPOOL
the wheat market here started at an
advance of from 1sc to 2sc over the
closing price Of the day before. The
nrst trades were at from lie to 7114c for
September, and in the time referred
to the price had tumbled to 69kc The
principal cause of the early break was
circulation Of an extract of an article
IN me Clnclnnati Price Current. The
particulars CT the days receipts of
wheat at primary markets, compared
with those Of the year before, were as
bullish as ever. TIE export clearanceS
from the Atlantic seaports We're small.
The inspection into store here was 50
carloads, of which 9 were No. red.
On the corresponding day a year ago
4S3 cars were received, of which 4G8
We're OF the contract grade. Primary
market receipts were 114,G00 bushels,
against ,C64, 900 bushels a year ago.
OF 16S, OOG bushels received at Toledo TO-
day, ia 900 bushels were from CHICAGO.
The export clearances OF wheat and
Hour amounted to 10000 bushels. Spot
wheat in Liverpool was Id higher at
the opening, indicating present scar
city. although SO much is being said
Of the heavy shipments from Russia
and elsewhere. A St. Louis dispatch
said three mills had shut down on ac-
count Of poor demand for -four, and
that was one of the clubs used to
pound the market here. The closing
cables We're generally lower, doubtless
because of the decline here this morn
ing, but they had a reaction in prices
September got down TO 691s @6914c. 1t
recovered again to $3.50, but closed at
$3.50. after another decline to 6914c.
Corn was weak, and although Sep,
TENDER declined about 1c per bushel
the trade was not very active. The
cash purchases for shipment today
amounted to go, 0GO bushels. The break
in wheat had influence in the drop
which occurred in corn. September
1880 at the close yesterday. 1t worked
gradually down to 423s042s4c, but re-
covered toward the close to 431sc.
Oats were fairly active during the
early part of the session, but slackenel
feeling was easier during the greater
part of the session almost entirely
through sympathy with wheat and
corn. September opened at 223sc, sold
down to 2214 G223sc, and closed at 221ac.
The provision market was lifeless
and heavy. The receipts Of hogs were
quite light, but the market appears
to be suffering from the liberal re,
ceipts earlier in the season, and the
consequent accumulation of manu-
featured goods. Pork, compared with
its closing price yesterday, is ne low
er; lard and ribs each 212c lower.
Estimates for aturday-Wheat, 100
cars; corn, $50 cars; oats, 1876 cars; hogs,
5000.
The leading futures ranged as fo,-
lows: