St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-02
GINNING STRENGTH
WHEAT SPECULATION OPENED
WEAK, CLOSED STRONG AMI
HIGHER
ADVANCE OF A FRACTION.
REPORTS OF EXPORT DEMAND
KEPT THE MARKET
STEADY,
ADVANCE OF A FRACTION.
FOREIGN MARKETS sTEADrER.
Corn Speculation Unsettled. Ow-
ing to the Strength OF the
September Future.

CHICAGO, Aug. l. - Wheat opened
weak and closed strong today. At The
commencement of the session there
was a loss OF nc per Blu, which was all
recovered, and 1sc Of gain added at the
close, owing to reported sales for ex-
port. Corn had a, momentarily easy
spell at the opening, followed by a live
~ advance, which eliminated at the
close in an advance for the day Of
17sc per bu in September, ard &c in
May. Provisions opened weak and
closed steady about at the same price
as On the day before, and September
oats finished &c higher Wheat
opened practically 1c lower than il
closed yesterday, without other reason
than a change in general sentiment
Foreign markets were comparatively
steady in the face of yesterdays weak
ness here. Liverpool was quoted I'D
lower and Berlin q mark higher. Re
ceipts at Western primary markets
were smaller than on the day before
and the same poor condition was OBJ
servable in the grading. At Chicago,
out Of 49 carloads of new wheat re-
ceived, only ! was I'D TO the contract
quality. Toledo Jared but slightly bet
ter, for out of 96 carloads received there
this morning, only were No. . The
total quantity received at primary
Western markets was AGO. 00 bu. COM
pared with $50, 0G0 blu on the correspond
ing day Of the year before Minneapo-
lis and Duluth received POI carloads.
compared with 159 a year ago The
opening for September wheat was ir-
regular, from SOC down to 6S5sc, and
il touched 6S2sc before il reacted. No
abiding strength was observa bic until
Baltimore sent a dispatch here stating
that there was a, fair inquiry for wheat
for export, with some sales early in
the day, s boatIoads being taken for
shipment to Liverpool. The price here
rose 10 694sc when the Baltimore sales
for export became generally known.
The Baltimore export business was
supplemented by report that the state
agricultural society in California pro-
nounced this years product OF wheat
there the smallest in twenty-one years.
And the market was strengthened by
a good demand here from Ohio and
Michigan millers That caused Sep
TENDER TO rise 10 699sc, and after a
reaction to 697sc, TO advance once more,
the last time to 697se, with 69a4c the
last trading price.
The corn traders were all torn I'D and
unsettled owing to the unexpected
strength of the SepIenbe future. The
market is a narrow one and a few
leading firms are able to exercise an
influence quite disproportionate to the
amount OF their dealings. There is q
good shipping demand and only mod
crate receipts, and there are inpor-
tant aids to the bull manipulators- Re
ceipts today we're $40 cars. ST. Louis
is credited with being short consider
able corn in this market. The sales
OF cash corn for shipment from here
are reported at over $4,000 bu. Sep
TENDER started at 1850, ranged from
that up to 1874 G43zsc, and in the end
was bringing the outside price. Nav
ranged from 3514935$sc up to 355sc. the
last being the closing value The in
terest was conferred in the oats mar
ket- The feeling was firmer, influenced
entirely by the advance in corn. Sep
TENDER opened at 223sc, sold down 10
2274c, up to 227ac and closed at that
price.
Provisions started and continued
very weak for the greater part of the
! DAY, owing to the weak live hog mar
ket, but near the end there was some
buying, induced by the strength in
corn The latter was the cause of q
recovery to about the level of yester-
days closing prices. Hog receipts TO-
day were 1900. Receipts of hogs for
the month were So, $50, compared with
S79, zS3 in July, 1894.
Estimated receipts for Friday:
Wheat, Sc; corn, 80; oats. 213: hogs
10000.
The leading futures ranger es I'm.
lows: