St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-13
GOVERNMENT CROP REPORT
INTERPRETED AGAINST THE
BULLS.
TWO PENNIES OFF WHEAT.
REPORTS OF GOLD SHIPMENTS
HELP THE DOWNWARD
TENDENCY.
VISIBLE MATERIALLY LARGER
Cables Quiet and Unimportant-
Corn and Oats in the Down
Hill Procession.

CHICAGO He Ill, Aug. 12.IThe graf. grain
Corn led the bear dance with
a 23sc decline, wheat was a good sec
ond with loss of &c, and oats did its
best for a weakling, winding up at
191sc per bu for September, or 11sc
lower than it closed on Saturday.
Initial trading was at 14c advance, but
the market gradually sold off 13sc, raj
lied A@3sc, declined 1Ac, ruled steady
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 a
crop Of 170,696,09 blu, which, with the
winter, wheat-223, 94O, coo bu-makes the
total crop 1874, 6S5, 000 blu, against 46O,267,
COO blu 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 more liberal
movement in the Northwest. The In
dia shipments were also large at 1885,,
0C0 blu. The worlds shipments were
said to be a little over 5,GG0,0G0 bu.
There was a good-sized increase in the
visible-67S, 900 blu, against an increase
same week last year of 1920: 600 blu.
coo blu. The total quantity now in
sight is 37,S59,0G0 bu, against 62,321, 600
blu a year back. Local stocks decreased
191, 600 blu, and are now 15,37S,000 blu,
back. Gables were quiet and indiffer-
ent. The weather was fine, though
rain was reported in parts of the
Northwest, and cooler conditions are
ocean passage of 2,4SO,OOO blu, and the
English visible was SAID to have in
creased 1,2S0.0G0 blu. There was a good
cash demand here, with sales of round
lots aggregating 345,020 blu, Detroit TAX
ing $4,000 Blu and 10000 bu going for eX
port account. Last week there were
seventeen cargoes off the English coast
awaiting buyers, and this week only
one was reported. The action Of corn
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-
was confined to Shorts" and ship
pers. Initial trading was at 12@5sc
decline and gradually sold off 112c,
rallied 5s@Ac, declined 1ac and closed
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 1 was
1C2.5 per cent, against 1913 per cent last
year, and on an acreage of 81 800 500
acres would indicate yield of 2,375, Co.,
GCG bu. There was rain in the corn belt
and showers and warmer conditions in
dicated. Exports were smaller at 2,943
Blu, and the quantity on ocean passage
decreased $4,000 blu. Withdrawals from
store We're 339, AGA bu and charters
were made today for 100000 blu. There
was q decrease in the visible supply
of 1000 bu and the total quantity in
sight is now 4,613,00O blu, against $751;
0G0 bu a year ago. Local stock de-
creased 502, coo blu and the quantity on
hand is 1850 blu, against ], 445, COS
bu a year back.
Oats were active but weak and de-
cidedly lower in sympathy with wheat
and corn, and on good general selling
by the tired longs" and also a little
pressure from shorts" The best buy
ing was by the latter class, who con-
fined their attention chiefly to May.
The opening was weak and 1s03sc low
er and declined 7s01c and closed easy
at the bottom.
The provision trade was the leas.
speculative atmosphere. Prices de-
clined 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 sc lower. The receipts for to-
morrow are estimated at only 10000
head. The small receipts of hogs il,
the reason for the small amount OF
sympathy with the decline in grain:
Compared with Saturdays closins
prices, pork is 10c lower, lard SC and
ribs without change for September.
but January deliveries were relatively
weaker. the decline being in pork, 15c;
lard, TIC, 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 q
good demand for vessels, at 1ssc for
wheat and nc for corn to Buffalo, and
11ac for wheat to Detroit.
The leading futures ranged as fol-
lows.