St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-08
WEAK AND LOWER.
WHEAT LOSES A FEW POINTS
ON DEPRESSING CON-
OPTIONS.
INJURED BY GOLD NEWS.
SEABOARD SALES OF WHEAT
MIXED WITH THOSE OF
CORN.
FOREIGN MARKETS DROPPING.
Corn, Oats and Provisions All
Follow the Tendency of the
Dealings.

Tic Seduodru caused the tOn1ng up OF
very weak market today. September,
which half an hour from the opening
had declined on reported gold exports.
from Csc at the close yesterday to 667sc.
recovered to 6724c and closed at 675sc.
Corn ruled heavy and closed at a
loss Tor the day Of s4c per bushel. Pro-
visions, after a weak start. beca me-
nrst firm, recovering some loss and
closing at moderate advances. The
shipments of gold came to the front
again as depressing factor in the
wheat market when, previous to the
opening OF the session, dispatches from
New York had already been received
announcing S1.000,000 gold would be
shipped tomorrow on the steamer Au-
gusta Victoria. The main features
previous to these influencing conditions
were unchanged. The opening price
for September was 673sc, as against Csc
at the close of yesterdays session. In
exactly thirty minutes from the start
the price had declined to e67sc. being a
loss Of 11sc per blu in that short time
outside markets declined with appar-
ent reluctance. The movement of Win
ter wheat gave no Indication of in
creaslng. Chicago receipts were, ac-
corning TO the inspection sheet 7S
cars, and 1888 bu by canal. Of the
railroad receipts 81 cars were merely
transferred from irregular TO regular
city houses. OF the total received *
cars We're new red winter, of which only
were No. =. The total receipts at all
primary Western markets We're 3OS OOO
bu, compared with $4,000 bu at the
same places year ago. Minneapolis
and Duluth received 81 cars, against
147 last year The exports from the
Atlantic Seaboard We're of the same
meager proportions as for some time
1za -
shipped $1,000 blu and of -four u 600 bbls.
New York reported the taking early in
the day of twenty boat1oads of wheat
Tor export, but that did not create de-
mand enough for futures to lift the
market out of its dependency. Tele-
graphic orders on either side of the
market were scarce, and even local
ScalperS were aVerse to back their
opinions by trade. The price kept
close down around &c, until about an
hour from the close the sea board sent
reports OF increased export demand,
and that caused an advance to 6715c
at that time. The takings at Baltimore
and New York were saiQ. TO amount to
nifty boatloadS up to 12:15 p. m, one
half at each place. The sales of wheat
at the seaboard appeared to have be-
come mixed with those of corn, and
II was discovered that while export
sales Of the lattep<yere fifty loads of
wheat, only twenty boatloads were sold
at New York, eight loads at Baltimore
and fifteen at Montreal. The closing
cables We're very weak. Liverpool not
ing sd decline; Paris came from 30
confines to 60 centiInes lower for -four
and from 10 centimes to 80 confines
lower for wheat, and Berlin reported
a drop of 3$4 marks, or about equal to
212c per bu. The price kept steady
around Size up to about fifteen min
uteS of the close; the latest trading
was at 675sc, after some sales at 673zc.
The export business was affecting the
10 VIZ h111 DC q
was ending.
The trade in corn was fair in amount
at another decline in price. The fine
crop prospect was unimpaired and that
was again the governing influence. At
sc decline in September a better de-
mand was uncovered, but il came from
those who were short The pressure or
long corn appears to have eXhauStedit-
self, and was quite noticeable less today
than for some time. New York re-
ported better demand for export than
has been seen there for a long time
and advised sales of 80 boat loads.
The receipts were 272 cars, and $40 are
the estimated receipts for tomorrow.
September, which closed yesterday at
405sc, opened this morning at from 4Gc
to 40Ac only, one lot fetching the
higher figure; 1t declined to o9a4c, and
down, at 1880, declined to 32Bc, and
closed at 331sc.
The market for oats was fairly &C
tive The feeilng early was weaker
and prices declined. A big lot was
offered and that with the influence OF
wheat and corn caused the decline.
The urgent demand for stuff was the
promoter of the advance which fol-
lowed, but yesterdays closings were
4c to A61sc higher than those of to-
day. September started at from 20Ac
to 20ssc, sold up to 2012c, and closed
at posse.
The provision market was weaker
than ever at the start, but toward the
middle of the day it was discovered
that some of the people who have
hitherto been the most prominent sell
ers were taking the offerings Of others
very freely and a general desire to
take the same side resulted in a ma
terial recovery from the prices ruling
in the forenoon. September pork,
from 1920 to 1915 at the start, rose to
and closed at S95212. or Zoe above yes
terdays final rates. Lard was COM
paratively steady, declining to S5.92115
at the opening, then recovering to
SS.0212 at the close, compared with $3.50
yesterday. Ribs made sc decline early,
but had recovered that and 212c more
in the end.
Estimated receipts for tomorrow.
Wheat, 10 cars: corn $40 cars; oats,
205 cars; hogs, 1900.
The leading futures ranged as fol-
lows: