St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-07
FOREIGNERS QUIET
LACK OF DEMAND FROM ABROAD
AFFECTS WHEAT VERY
BADLY.
SEVERAL POINTS DROPPED.
1T OPENED WITH A GOOD TONE,
BUT IN A SHORT TIME
LOST 1T.
CORN WEAK FROM THE START.
Weeks Movement From, EXPORT
ing Countries-Good BUSH
ness ia Oats.

CHICAGO, Aug. 6.-Tne markets on
change were all weak today. Wheat
p1ned for want of a foreign demand,
and all the other markets took theil
cue from the prospects for an i'm
mense corn crop. September wheat
closed &c lower; September corn, &c;
september oats, &c lower, and pro
visions at declines. The spectators il:
wheat received their inspiratio at the
start from the firm tenor of the for
elgn advices. Liverpool quoted I'D az
vance. Paris came from centimes to
~ cenumes better, and Berlin q marks
higher at the opening. The effect OF
these marked rises was to make sales,
OF September wheat possible in some
instances at 6S$4c, but buyers at that
price We're in a minority, and heav1-
ness soon became the most prominent
characteristic of the trading. A de-
cine to 6Sc took place, before the
movement changed. 1t had recovered
to 6S94c, when the later cablesra ms,
began to come in, and as they were
weak, compared with the earlier re.
ports, the market had sick spell.
Inc Chicago receipts were again il,
violent contrast with those OF the wear
before. In the inspection returns
twelve cars OF new sprn:g Inquired. So
OF tnsM being No. =. The probability
OF the future Chicago receipts he.
coming larger considerably within =
Snort period was a, corrective of the
erect OF the small total as compared
with that at the corresponding tins,
OF last year. OF 102 cars Of new REQ
winter only three cars were No. :.
one year ago the receipts numbered
"a carloads, Of Which $50 were CT con-
uact quality. The total receipts az
Western primary markets was AZ. COS.
against 1,0if,G90 bu last year. Once
more the export clearances from ti,.
hoo
SPECTATORS that they were running the
markets In this city in indeuendent
isolation from the values prevailing
elsewhere in the world. The four CHIEF
Atlantic ports shipped only 20 coo bI.
Of wheat and 26,GG0 bbls of flour. The
market received the support OF a goo,r
deal that was bullish in connection.
with the weeks movement from all
ported to have shipped only 2,S2 900
bu last week, and India 32S000 Tn,
quantity On ocean passage shows a re,
auction since last week of 3,S40, coo and
me I5 world visible stocks, according to
Bradstreets, decreased 1921 ,Oe0 BIZ,
without taking account of the stocks
on the Pacific slope in this country.
the returns from which were not re.
ported. A belief in a spring wheat
quite generally expressed and did mucn
to keep bullish sentiment in check. Tho,
price did not get cut of the range OF
6Se to 6SAc. Trading was light ana
opinion too evenly divided to bring on.
much speculation.
The corn market opened without
change in price, but at once became
very weak, especially for September.
and May, and remained heavy during
the greater part of the forenoon.
Later in the day it developed that the
demand for spot corn for shipment
was very good, from 12c to- &c premium,
over September being obtaina bile for
handy parcels. The shorts were NOT
hard to convince that under such cor,
ditions there might be some trouble in
finding sellers later on when they
state of affairs by taking some on thu.
decline this morning. The CLOSING,
weakness in wheat encouraged some,
selling again near the end, which left
the price at a decline of Sac for SEN
TENDER. but May shows a loss of only
l-l6c The opening quotation for Sep
temberswas 41c and for May 3324c Th;.
former declined to 4Oasc, rose again to
4lc, then dropped to 4O1ac. rose again
as low as 33Ac and closed at $500
S3'Ac. The receipts at Chicago were 592
cars, but for tomorrow the estimates
are 308 cars.
day, there was a fine business trans
acted. The activity was mostly at the
start when prices declined and short.
We're buying. stuff in. Other buying
W 40 ehA7O SOou. Il were rul6G
to great extent by corn. September
opened at 2024c. sold down to 2OA6
202kc. UP to 2Oa4@21c and closed at 2O5sc.
The provision market preserved itc
downward course in, the end, although
at one time it looked as if the worn,
was about to turn. 1t did, in fact.
turn, but did not get far before il
was sent once more in a downward
direction and was as completely under
bear control as ever before the season
ended. AT the close the declines for
| the day We're 71ac in pork and SC in
lard and ribs
Hogs received, only 1000 head. and a.
0CO head is the estimated number for
tomorrow.
Estimates for Wednesday: Wheat. 81
cars: corn. 30S cars: oats, 140 cars.
The leading futures ranged as fol-
lows: