The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-14
MARKET SUMMARY.

CHICAGO. Aug. 13.-Selling to secure prohts
caused a setback in the grain markets TO-DAY.
Wheat for September closed 13sc lower. Inc
cash demand fell off preceptibly and cables
failed TO respond to yesterdays advance here.
Corn advanced early, but closed on reaction
and unchanged. Oats lost Ac. PROVISIONS
were fairly active. Pork gained lOc, lard
&c and ribs 712c.
Wheat opened not far from prices current
at the end of the previous session, ana 1or
an hour the range of fluctuations in the lead
ing future was confined to 1c per bu, very
different state of affairs from the first hours
violent eccentricities on the day before. The
foreign markets were less excited than they
were yesterday with some disposition 10
weakness. AT the opening Liverpool quoted
a rise of Id but while the next dispatch from
there showed a further slight gain, the latest
prices were at a slight reduction from the
first Paris was zoe lower at the opening,
and Berlin the equivalent of &c lower. CaSh
wheat was offered here at less premium than
was offered for it during the previous two
days. September rallied early to S3l2c, de-
clned to SIC, rallied again to S312c, and then
turned very weak, stopping only at Sl12c
a Sc decline from the high price Of yesterday.
1t recovered again by u o'clock TO around
S2Ac where it hung Hstlessly and without
much business passing for half an hour. The
lower quotations from Paris were made much
of by the bears. Antwerp was unchanged
and Liverpool closed from Id to I'd higher for
cash wheat than it did yesterday and Ad
higher for September. The decline, which
took September to Size, was helped along
by a break in prices at St. Louis during its
progress Minneapolis and Duluth stocks Of
wheat were reported to indicate reduction for
the week of 100000 blu, and as Chicago
stocks should show about 100000 bu de-
crease, the visible supply ought to show
something like 100O,0 600 bu decrease, allowing
for some increase at the seabOard. Chicago
receipts were 139 cars, and $50 were the re-
ceipts the corresponding day the year be-
fore The quantity inspected out of store
was III 600 blu. Minneapolis and Duluth re-
ceived PCS cars, against APO year ago. The
reaction from the first decline to S112 carried
the price back to S234, but the market weak
ened again on renewed liquidation and sold
off rapidly to S0bc, recovering to S15sc on
shorts covering. December averaged at a
discount of &c. The early dealings in corn
did not sympathize with the weakness in
wheat. Fears Of early frost were evident in
the minds Of late bull leaders in wheat and
they took about 100000 blu during the fist h W.
The days receipts were 1856 cars,
and seaboard clearances footed up 536 900 bu.
The decline in price of wheat began to have
more effect toward the end of the session
and lowest prices were prevailing in the last
20 minutes. September opened at 2S1sc, sold
at 2Sc, recovered 281ac, then gradually sold
down to 277sc, closing at 277sG2S
Oats were active and firm early, but broke
with the other cereals toward the end. Sep
TENDER opened at 1734c, sold between 171a and
1Sc closing at 171AQ179sc.
Provisions ruled firm and trading was fairly
active. The cash demand was stronger than
for a long time. Hog receipts were only
-, 0G0. At the close the September option
stood: Pork, IS; lard, S4.4O; ribs, s4.9O.
Estimates Wheat. 300; corn, 1,005 oats,
705; hogs, II coo.
The leading futures ranged as follows: