The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-08-11
WHEAT WAS LOWER.
PreGOminatinS Influence Is the I'm
niense Yield Promised in
America.
WHEAT SUMMARY.

encouraged by, magic crop prospects, wiped
oui an early bulge in wheat. September
lost ls@Ac, oats declined IL; p-ov.s ons
closed strong at 321ac advance for pork, 1871
Gl5c lard, and 15c for ribs.
Liverpool opened I'd higher for ptemter
but had moderated its bullishness to Id BE-
fore trading commenced on this side. The
Liverpool news was enough to cause an adj
vance of 1kc Blu here in S ptember 1t
was not sufficient, however, to min. ain the
markets hsH-hearted sympathy very long.
The heavy traders fixed their attention on
the promised abundance of home crops. Tn "
treated the small current rec5ipts and rep rs
of unfayorable weather with supreme ind f.
ference, and in some instances expr; ssed
their undisguised contempt for any cons d.
Grafton outside OF the alleged c. that this
seasons harvest in the United States would
yield 700, 600 600 bu, and that Europe would
need less of it than usual. The Northwest m
grain men appeared similarly impress and
were advising their friends here of the near
approach Of liberal receipts which had been
temporarily arrested by the wet weather of
a week ago. THE various influences changed
the markets strength into demonstrative
weakness before the session was half over
September, which started at 667sc, with a
sale or two at &c. had declined to 65xc by
the time referred to.
Receipts at primary markets were conspic-
uously small Chicago received 112 cars, and
Minneapolis and Duluth S. against 231 last
year. The aggregate at the principal West
ern markets was 81, coo bu, whereas on tha
corresponding day a year ago it was 7fO 0o1
Blu. In connection with reports of small re-
cep-s, some bulls took notice of the liberal
c!earances from Atlantic seaparss which in
wheat and flour amounted to AIS 900 Blu. IN
shipping demand was active at SIC premium
over September for No. red. In view a.
the latter features of the situation, the d.
cline a surprise to the bulls who were
forced in instances of insufficient margins, Or
from motives of prudence, to abandon prop
erty that they considered dirt cheap at the
price they were compelled to part with it.
-September opened hose. higher at s6M@
&c, declined to $3.50. and closed at 65a4c bid
December began ss@1kc up at G5k9e55sc
weakened to 641sc, and recovered to 64$s iIac
at the close.
Light receipts and a good cash demand
started corn higher. The market soon be-
came heavy, however, on the continued fine
growing weather, and in sympathy with this
decline in wheat The unc rial, ty Of this
government report restricted trade. Septem-
Der opened 1s@Ac up at 331sd33Ac, d cline1
to 322ic, and closed at 32s4 @327sc sellers.
Oats ruled easier with the other grains
There was some inquiry for cash. but bids
fell short of holders views: S ptemter BE-.
gan 1sc higher at 21c, scld off to 20a62OAc
and closed at 2024c bid.
lent, and speculative buying by packers wa:
heavy. The market opened at moderate
advance, which was well maintained and In
the end received a respectable addition tn :
latest trading being ct top prices of the day
September pork opened TIC higher at SS92,A
declined to $3.50, and rose to s9.171e, the clos.
Ing price. September lard bsgan 21sc up al
ing figure. September ribs started 21kc bet
ter at $500, sold down to $5.17ls, and frmed
UP to S5.32 bid at the close
Estimated receipts for tomorrow are: Wheat