The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-26
The Wheat Markets.

CHICAGO. Aug. 25.-Shorts in wheat took
renewed alarm today at the continued meagre
receipts, After an early decline September
clcsed Ss0Ac higher, and December gained
Pork and lard declined PFC each. Ribs ad-
Ranced 212c. Lower Liverpool cables, the
SEtinued liberal receipts in the Northwest
ana t5e Yak sentiment carried over from
yesterday started wheat lower September,
which closed last niNlt with buyers at 69Bc
started with sellers vt from 627sc down to
62iac. Not much could be secured at the
lower figures, nor could much be disposed at
the higher quotation, but the market soon
improved, and went to shade above the
Prise it closed at Wednesday, reaching 63A
Q65Ac about an hour after the start. The
chief recovery for the recovery from opening
be2rishness was of long standing. The
shorts fer September delivery gave further
expression to their nervousness concerning
the very small quantity in sight that was
received 100 cars compared with 2S5 the
previous year, but only 10 car loads were of
contract grade. The Northwestern receipts
numbered 491 cars against 1876 the cor
responding day of the year before Trading
in September was much smaller than in De-
cember, with indications that the short in
teroSt in September had been reduced to
quite slender proportions. Shorts in Septem-
Der, however, continued to take offerings on
al! soft spots and at times were anxious
enough to pay sellers their asking price The
general result was that September ruled
strong after the first five minutes and latter
~, made an improvement on yesterdays cos
vance correspondingy, although 1t recovered
esc from the initial decline A strong cash
market at Duluth was an additional bullish
feature near the end. The best prices here
We're near the close. The aggregate of re-
ceipts at Western primary markets was $751;
GOO bu. compared with $4,000 blu year ago.
Atlantic port cearances of wheat and flour
were equal to $4,000 blu.
September opened AQ5sc lower, at 621h@
e27sc; rose to $3.50 and Closed at 6324 @63Ac
December started AQ2sc down at 611s@613sc
up TO 617sc and left off at 61A6617hc
Corn started weak, but turned around when
wheat showed in the lead in an upward di-
rectton. Crop reports were generally of a
bullish tenor but there were others that
mentioned the crop prospects in a most
board was good and cash corn was worth a
small premium over September for shipping
lots. September opened Nc lower at from
29i2c to 29@sc. 1t rose to 29Ac dropped back
TO 2S9sc, and from that rallied to soc, the
closing price.
Oats were active and prices held fairly
well Trading of an individual character
and centered chiefly in the May option
September opened unchanged to nc lower.
at 1890, weakened to 1912q199sc, advanced to
1880, then settled back to 1890, the closing
price.
Provisions were dull and a shade easier.
The speculative business was to some extent
transferring of September trades to later de-
hveries. Commission houses were sellers
cary in the day and shorts covered. English
September pork opened &c lower at S. So
declined to sS.S212; frmed up to $3.50, reacted
to $SS712 at the coles. The range in lard
and ribs was small. Estimated receipts for
tomorrow are: Wheat. 200 cars; corn, SEQ;
oats, 40; hogs, 10000 head.
The leading futures ranged as follows:
Open High Low Clos
oct