St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-08-01
TOOK 4 BAD TURN
WHEAT FEELS A WEAK SPELL,
; AND DROPS QUITE A FEW
POINTS.
EXPORT DEMAND LIGHTER.
OTHER FEATURES WE'RE BULL
IsH, BUT THE PRICE
FELL OFF.
CORN DULL, BUT QUITE STEADY.
Crop Promises Unimpaired, and
Futures u Little Bit
Lower.
EXPORT DEMAND LIGHTER.
CORN DULL, BUT QUITE STEADY

CHICAGO, July 31-Principally be-
cause of the lack of export demand
wheat was decidedly weak today, clos
ing 11ac lower for September. Septem-
Der corn lost CSC, May oats closed &c
lower and provisions finished at de-
clineS. In an hour from the opening
September wheat, which closed yeSter-
day worth 11sc, had declined to $3.50,
being a drop of 1%c per bu in that
short time. The foreign markets, with
the exception of Berlin, were fairly
steady at the opening and the domes-
tic situation was no less bullish than
before as regards the small deliveries
of winter wheat from farmers and the
poor quality of the little they were
selling. The trading was similar in its
local character to that of the previous
few days. The bulls who sold out on
the last bulge took some wheat on the
early decline and sold it out again,
when they found their action was nos
well seconded. From 69asc September
recovered to zoe and after fuctuatins
for over an hour between that ana
6Sa4c, it took another dip to 6915c. Whe,,
BradStreetS statement of the visible
was given at q decrease for the WorlG
OF 2,425,000 blu. A year ago the stocks,
IN similar positions increased 3OoU U0o
bu. The following exhibit of the wheat
movement for tWenty-four hours suS-
geStS no explanation of the weakness,
or the market, except as to such part
OF 1t as relates to the exports. Chicago
receipts were SeVenty-fVe cars, sewers
ty-tnree Of which were new red and OF
these two only were UP to the stand
ara or the contract grade. A year ago
Chicago received $50 carloads, of which
5S6 were contract. The total receipts
at Western primary markets amounted
to 46l,GOO bu, against 1,225, GOO blu on the
corresponding day Of last year. Min
neapolis and Duluth received 1877 car
loads, compared with ia the previous
year. Atlantic port exports comprised
60,96 bu of wheat and 1908 bbls OF
HoGr- The market ruled very weak,
ana without support from the heavier.
class of the bull operators the price
went in the afternoon d shade lower
than the lowest point it reached on tho
early break September closed at $3.50.
The market was dull in its specuia,
tive features, and futures were shade,
lower. The, promise for the next crop
was in no degree impaired. The COM
parative steadiness of the market
arose from the good demand for cash
corn. Carloads brought half a cent
over September for No. to go &c
store, and &c premium was paid for
round lots for shipment. Receipts to-
Gay were "a cars; September opened
at from 43c to 1880 sellers, and sold at
42%c in the first minute of the ses-
sion. 1t kept between 427sc and 43c
sellers during a great part of the day,
touching 425sc for a moment under
the influence of a weak spell in wheat.
It was fairly firm near the end at
429sQt42$4c and closed at that. May sold
at from 353sc to 3512QS55sc and closed
:: at 353s@3512c.
Oats opened fairly steady at a slight
decline in prices. There was no inde-
pendence to the market and fuctua-
tons were ruled entirely by wheat
and corn. July sold from 225sc to 222sc
| and closed Ac lower at the latter
! price. May ranged from 25s40257sc to
251ac, and closed at the latter price
The, bulls in provisions appeared to
F., have thrown up the SPONGE. The hog
| receipts are as light as expected, bu;
/ the price is not governed at present by
the comparatively light supply of the
| raw material but by the light demand
! for the manufactured article of which
| the stocks are ample. The receipts OF
hogs today were 1900 head. Business
was not brisk but enough was offered
| on a market devoid of buying spirit
! to knock 40c per Dbl off the price OF
| pork, 10c per hundred pounds off lard
| and zoe off ribs
Estimates for Thursday: Wheat, Y
cars; corn. 3S5 cars; oats, 21O cars;
| hogs, 1900 head
| Inc leading futures ranged as foi-
| lows: