The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-31
MARKET SUMMARY.
FINANCIAL.

CHICAGO Aug. 30-Corn was the leading
market on change today. 1t closed at 12c
advance, something remarkable in view OF the
enormous receipts. September wheat was
radically weak on the almost total abandon
1nent Of their lines of that option by the
heaviest holders and the taking up OF De-
cember. September wheat closed 31Ac lower.
While December was only sc lower at the
c.ose. Oats and provision were both bene-
flied by corn Oats advancing Sc and pro-
visions 5G1212c.
Wheat started rather weak. Liverpool open
ed with a decline of 34d and had made
further drop of sd, or 1l2d in all, before the
business of the day commenced here. Paris
was reported as showing the equivalent Of
nc per bu advance at the opening, but
the Liverpool decline received the greater
consideration and caused December wheat to
open here, at a decline Of 1q1Ac per bu
The moment was seized upon as a good OPP
portunity to take profits. Bulls who had sold
out the week before took new lines, and
the result was a gradual improvement. De-
comber started at SS&4 qS9c, or 1Q1Ac below
Saturdays close, and had advanced to $3.50,
when heavy decrease in the visible was an
nounced This caused renewed buying, the
price reaching 903lc for moment. Following
that came the closing cables which showed
material declines at all the chief foreign mar
kets. This created a revulsion of feeling, and
by 11:30 the price back to S912c. The
decline for the day at Liverpool was from
12id to 2l2d per GENITAL; Paris showed q
franc or &c a bu decline for August, but
an advance equivalent to &c a Blu for
November February Antwerp declined 62A
centimes or sec a blu.
These declines put a Quietus on the rather
alarming statements of crop damage put
forth nv y-ariOuS foreign authorities nOt3h 1V
the Austrian minister of agriculture. Chicago
receipts were 545 cars; at Minneapolis and
Duluth, $40 cars were received, compared with
S39 on the corresponding day of 1896. The
clearances of wheat and flour from Atlantic
ports since Saturday, inclusive of those from
New Orleans and Newport News, amounted
TO the unusually heavy quantity of 1880
bu, of which $4,000 blu was in the
shape of wheat. The visible decreased 1885,
COO Blu, and the total is now reduced to 49,
473,OOO bu against At, 574 coo blu a year ago.
The worlds shipments to Europe last week
aggregated 600 blu. The English visible
decreased 1,1S6,OOO bu, the amount on ocean
passage increased L. ESQ., 600 bu.
One pronounced feature of the market was
the almost complete abandonment of Septem-
Der wheat by the parties who held by far
the largest line of it. The dumping of Sep
TENDER for December commenced at the
opening and within an hour the 21ac differ
ence which existed between the two options
Saturday had disappeared, and the eagerness
with which exchange was made at even
figures proved additional source of weak
ness, and ultimately put the price of Septem-
Der below December figures. The market
ruled dull during the closing hour, with De-
cember lowering around 9912c The closing
prices were S93sc for December, and sec for
September.
Corn very active market. With the
exception of a slight feeling of nervousness
at the opening, the market was astonishingly
strong, considering the receipts, 1851 cars
the largest on record. Elevator people led the
buying and reported a great falling off in
country acceptances, farmers evidently hold
ing back for better prices. There was also
good deal of covering by scalping shorts.
Only slight traces of rain were reported from
the corn belt, and drought damage claims
were numerous. The visible supply increased
5,911, eco blu. Ciearances were 404 goo blu. De-
cember opened 1s@5sc lower at 31@311Ac. 1t
advanced to 32Ac, and closed at 321Ac. The
bulk of the business in oats was in the way
OF exchanging. Fluctuations ruled al
most entirely by corn, and the tendency was
generally upward. The visible supply in
creased l, PAS, 900 bu. December opened I'M
changed at 1890, advanced to 203sc and closed
at 20Ac asked. Provisions started weak on
the break in yard prices and liberal hog
receipts. The opening decline, however, was
slight and sharp advance soon took place.
which was undoubtedly caused by the strength
Der pork and lard by the Cudahy's and the
selling of October and December by the same
people. Closing prices were close to the best
Of the day. AT the close December pork was
1215c higher at $9.O215. December lard, 71ac
higher at $4.95, and December ribs nc high
er at $50 Estimated receipts Tuesday:
Wheat, 500 cars: corn, 1,900 oats, 600 cars;
hogs, 10000 head.
ne Leading futures TanCPd folInwa,