The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-25
The Wheat Markets.

CHICAGO, Aug. 24;-Heavy foreign markets
caused robust bearshness in wheat today.
After an early advance September left off
sc lower, and December declined %@1Ac.
Corn lost hQ&sc. Oats are unchanged to sc
higher. Pork closed sc lower, lard gained
2l@a5c and ribs rose sc.
The Liverpool market instead of showing
sympathy with yesterdays strength was
lower by I'D for September and I'D for De-
slight decline here at the start. The de-
Preston did not last long, and in a short
tine from the opening the market became
quite strong, September rising 9sc above the
previous days closing price. London report
ca GOOD demand for cargoes on passage, and
that helped things a little, but the chief
reason for the strength that so quickly sue
ceeded the first decline was the nervousness
OF September shorts on account of the small
stocks mere and the slight prospects for their
speedy increase. Chicago received 154 cars
and only two car loads of the days arrivals
were contract. Minneapolis and Duluth re-
celVed 40 cars, compared with ia a year
ago.
Advices from the spring wheat region
favored the expectations of continued liberal
receipts. Some reports were to the effect that
the results OF threshing We're disappointing
but such reports did not disturb the general
impression that a spring wheat crop has
been raised exceeding in bulk the crop of any
former season.
The aggregate receipts at Western primary
markets was $4,000 bu, against $50, 900 bu on
the corresponding day OF 1897. Export clear
ances OF wheat and -four from Atlantic and
gu!I ports were equal to $4,000 bu, or about
nan what they were yesterday. The firm
ness in futures was well maintained until
the Paris and Antwerp markets reported for
the day: The continental quotations ended
the bullishness here for the rest of the Sos
sion. Paris quoted November and FEBRUARY
wheat 50 centimes, equal to 4Hc bu
;oEser anu antwerp showed a loss Of lie a
September, which had sold as high as e4ssc
In the forenoon, broke on the weakness
abroad to 6Sc, but frmed up fraction just
The Corn Trade News was credited with
caDIhg that Australian crop prospects were
favorable and that official Russian reports
we're favorable for a full average Weld
Weather in France was said to be exceedingly
hot. September opened AG3sc lower, at $685.
A635zc; rose to 64asc; fell to 63c and closed
at 6S1sc asked. December started AG3c
down at G15s@612ic, advanced to 62A 0662ssc
declined to 6lA and closed at 61h6615sc bid
corn, at the start, acted in a way to make
around and rended them. The early advance
was due to heavy buying by shorts and ele-
vator interests, on damage claims from Kan
sas and Nebraska. Later, however those re-
ports were emphatically denied and together
with the large, estimates for tomorrow in
clined everybody. to the selling side. The
closing. prices at the low point of the day
September opened unchanged at S0lhc ad.
Hanc ee to SoSsc and declined to 29A@29Mc
The frmness of oats was attributed to re-
ports OF considerable damage to that grain
from the heavy rains. September began IIc
higher, at 1889; sold up to 201sc and weak
ened to 193IGl9%c the closing figure.
Provisions ruled strong because of disan-
Pointingly small run of hogs. Packers
bought literally of lard and ribs. septembeS
pork opened 10c up at s9.O5; declined tn sS *
and closed at $3.50. September lard BEGAN
2l@c, higher, at $5.0715, rose to s5.15 and
weakened to $50 asked the closing nr dna
September ribs started TIC better, at S. M
sH!d of to $o121a, rallied to So. Is bid at the
Estimated receipts for tomorrow: Wheat
2l0 cars; corn, 200; oats, 400; hogs, %, Co0o
The leading futures ranged as follows.