The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-09-02
CHICAGO GRAIN.

CHICAGO, Aug. 3.-Large Danub:an
shipments and an increase in the worlds
visible supply where a decrease was ex-
nected, were sufficiently depressing TO
wheat today to cause a decline of sc in
December. Corn and oats shared in the
depression and closed asMAc lower respect
lively.
provisions suffered from too much hog
and closed 5u121ac lower
w neat at the opening was rather weak
because or a reminder in the cabled in
FORMATION regarding the worlds shipments
that they We're about 7OOOO 600 bushels last
week, as compared with about 5000 900 BUSH
els the previous seven days The heavy
nnportations of gold which had been pro-
Vlded for and the steadiness of the foreign
market Notwithstanding the heavy ship
ments OF wheat and flour last week, stead
lea the price at about &c decline of Satur-
days closing figures. The absence of any
Iresh buying orders from abroad or &C
ceplance or offers cabled from this side
on saturday, brought the trade face to face
with the fact that under present circum-
stances the price is more than usually de-
pendent upon what foreigners are willing
to pay.
December started at from 6O1sc to Coo,
ana gradually worked down to 59&c but
was fairly steady again at about 6Oc at IL
O'CLOCK. The receipts here were POS cars
OF which were contracts. Minneapolis
ana Duluth receipts were 1854 cars; owing to
the corresponding day of last year having
peen a holiday, no comparison Of the two
days receipts can be instituted. The At
lantlc port clearances of wheat and flour
reported since Saturday was equal to 248-
NV pu. The visible supply statement was a
great disappointment to the bulls, and
prices were Immediately affected 1t showed
an increase of 3S5,OOO bu, where decrease
or that much more had been expected
Inc total in sight is 45574,OOO blu. against
30, 43oOO0 bu a year ago,
Of WI
passage increased 100000 bu India only
contributed 5000 blu to the weeks ship
ments
The Danubian countries however, gave
credence of having had good crop. Their
ehipments were 100000 bushels compared
with $4,000 bushels on the previous week
home inquiry for cash wheat for shipment
developed during the day, but the elevator
people had evidently more use for it in store
than for sale to shippers rs those of them
VINO named a price asked / cent per bushel
IN store over the September price for No. 2
spring The market was rather heavier
near the end December stopped off quickly
TO 5912c but recovered Ac again and closed
at 5s%c Corn was slow and weak all day.
Favorable weather, exceptionally heavy
local receipts and the action of wheat were
all depressing features about the only sus-
tanning influence and being decrease In the
visible Of $4,000 bushels, and shipments of
100000 bushels. September opened nc lower
a. -oNc, uecilneu 10 ZOHs ana closed easy at
Vac Oats were slow and easy, but the
decline was slight. The general dullness in
trade and the weakness in corn had de-
pressing effect. Business was mainly in the
way OF exchanging September. September
opened about &c lower at 15A@16 declined
TO l5Ac and reacted to 1880 where it closed
PROVISIONS were handicapped from the
start by the enormous run Of hogs which
were 1900 more than was estimated This
started prices at a sharp break. This was
mostly recovered later. but another break
occurred near the Close and final figures
were the lowest of the day. The weakness
OF grain market was still a factor Septem-
per pork closed 10c lower at $552h.
September lard &c lower at $780, September
ribs 12l2c lower at $3O71k.