St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-09

FRACTION GAINED.
WHEAT LOSES SEVERAL POINTS,
RUT SCORES a STRONG
RALLA.
CORN TAKES QUITE A DROP.
ONE MILLION OF SEPTEMBER
THROWN ON THE
MARKET.
CORN TAKES QUITE A DR0P.
Disappointing Exports and North
western Receipts Affect the
Prices.

CHICAGO, Aug. S-The wheat mar
ket today was battered with statistics
regarding the shortage of the worlds
crops until it was knocked clean of
ITS feet. 1t was revived and set up
again by the taking OF about 10000 bu
Tor shipment, an extraordinary feat
ure OF which was that 72,G90 Blu of the
amount was for Toledo. At the close
an early decline of &c had been re-
covered from, and the price was left at
4sc higher than it closed yesterday
Corn vas knocked out Of its gait by
the falling down of q, Boston firm,
which was said to be long about 1000 900
bu Tor September, the selling out of
which for the account caused a de-
cline OF 11sc per Blu from the highest
point. May was unaffected and closed
1sc higher Provisions were firm after
early weakness, the close showing ad-
vanceS of 15c each in pork, lard and
ribs
First trades in wheat showed 1s614c
loss. and sold off a. fraction more, rail-
lied 7sc, eased off 114c, advanced lie.
changed some, ruled steady, and closed
as stated. The early show OF weakness
was due largely to the fact that the
receipts at St. Louis showed considera-
Die increase, and then cables were in
dlnerenL New York reported the cash
demand slow, and this cost the price
something. The English visible was
the other hand, the Price Current was
a little 'bullish' in its remarks on
winter wheat, and then, too, the wealth
er in the Northwest was not so favor
able as OF late, too much rain occurring
in that section, and showers and cooler
| conditions We're predicted.
Certain professionals were inclined to
favor the long side, and the buying
80 Id l.
| the early decline. The disappointing
! exports, the total clearings or wheat
| and flour being but 1900 Blu, of which
| 1850 bu was in Hour, started the reac-
| thing OF a factor. The small trade
was against the price also. Northwest
| ern receipts were much smaller than
| year ago. Local arrivals were about
| one-fourth of those a year ago. The
| London Times was reported as making
| the English crop % per cent below last
| years yield. The official crop of India
was said to be 20, s0O,0 600 blu, or about
! 100000 bu less than reprted one year
ago.
Corn was fairly active and rather
| firIner early, bur broke later, rallied
some and closed with a loss of 34@7sc
| for September, sc decline for October,
! December down 1sc and May up 1sc.
| The early strength was due in meas
ure to the talk Of cold weather and
room traders were rather disposed to
favor the long side for turn. Ini-
| tial trades were at 1sG5zc decline and
| soon sold up sc, broke nc, rallied sc,
! changed some, ruled steady and closed
/ as stated. The break was attributed
| some to the selling out of considerable
+ long property for a Boston concern,
which was said to be in trouble, and
! the decline which followed caught
many stop loss orders, the executing
| OF which carried September down to
39c. The talk of liberal receipts was
! also factor-425 cars being estimated
! for tomorrow, with 800 cars in today.
! The weather was good West, but cool
er conditions were indicated for the
/ Northwest. The Price Current stated
rain would soon be needed in some sec
! tons.
Oats were quiet and steady. Fluctu-
| atoms Were confined to CSC, and closed
] without important changes from yes
terday. Shorts We're fair buyers early
and The market followed corn to a
moderate extent
/ Provisions opened weak and closed
! firm, making the following gains COM
! pared with the closing prices of the
! OF pork, 1712c higher; lard and ribs.
each 15c higher. Shorts were the chief
buyers, but it was claimed that con-
! siderable quantity of meats had been
/ taken for shipments. The Price Cur
rent makes the week. packing in the
! West only 10000, compared with 800, 900
a year ago. Hog receipts today were
$4,000, and 1900 estimated for tomor-
| row.
Freights were firm, with charters for
wheat to Buffalo at 112c and corn at
! 1Ac.
The leading futures ranged as fol-
| lows: