The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-30

CHICAGO, Aug. 29.-Wheat averaged
weak today, but closed at substantially
unchanged prices. Expectations of in
creased Northwest receipts We're still at
feCting the bulls, but shorts We're dis
posed to take profits. Other markets
were uninteresting. Corn closed &c low
er for September and unchanged for De-
cember oats declined sc in September,
but closed a shade higher for December.
Provisions closed unchanged to 21zc
lower
Weakness was shown by wheat at the
opening Of trading. Liverpool reported
decline of %d, while the Northwest adj
vices told of perfect weather for harvest
ing operations and also said that new
wheat would move freely from now on.
Longs were the principal sellers. They
were apparently afraid Of their position
under the favorable crop conditions and
liquidation from that source forced prices
downward slightly from the opening de-
cline.
The break in prices was taken adj
vantage of by shorts, who covered quite
freely, and slow recovery in prt;as en-
sued. the advance bringing both the Sep
t3rper and December options back fairly
within yesterdays closing prices. An in
terVal Of extreme duIlness followed and
prices FOR an hour or more varied but
little The general tendency was in the
main downward the speculative market
being Influenced to a certain degree by
the early slack cash demand
The weakness became mora pronounced
In the afternoon, though the declines
were small on account of the lack of
trading either way The Northwest was
weaker than the local market and some
selling came from that direction Late
IN the session the market was influenced
by the Hungarian minister's estimate on
vrha
amount at nearly ninety million bushels
under theoretical requirements fair
amount of buying followed this announce
ment and best prices of the dav were
reached. There were plenty of holders
wiling to part with their wheat at the
advance and the close found the market
STEADY, but on slight downward turn.
Bradsueets estimated the worlds yisi-
Bile decrease at 1922 900, about what was
expected. Minneapolis and Duluth re-
celpts were 5S1 cars, against 306 last week
end 99s year ago. Chicago receipts
were 696,0OG compared with zoos, 900 a wear
ago. Atlantic port clearances of wheat
and Hour amounted to 2SS,0GO The cash
demand here was slow and offerings gen.
eralIy !reer. New York put the export
engagements at Is locals September
opened 12c lower at 69l@ D6Szsc. declined to
699sc, during the first hour sold as high
as 1O1sc, and closed at zoe. December
closed at 72c.
Corn. was irregular. September was
weak carly with wheat and on the more
liberal country offerings, but rallied later
and closed about steady. New crop fu-
lures were steady all day. Local receipts
Pas cars. September ranged from 9O15c to
6C%Q31c, and closed 1sc lower at SOMc.
December closed at 281Ac
Oats in the main followed corn. Sep,
TENDER was weak early, but recovered
partly and closed fairly steady. Country
offerings We're freer and cash demand
not so good Receipts III cars. Septem-
Der ranged from 1870 to 19%Q2Oc and
closed sc lower at 197zQ20c December
closed shade higher at 195S@1SAc
Provisions were steady most of the
DAY. Weakness was shown at the OPEN
Ing, in sympathy with the grain markets,
Shorts were moderate, buying of Septern-
Der and with light offerings prices ruled
higher until near the close the demand
siackened and prices fell off. The close
was steady; September pork unchanged
at $S25; September lard SC lower at s.. 221b.
and September ribs 212c lower at IS. 171b.
ESTIMATED receipts tomorrow: Wheat.
corn and oats no estimates; hogs, 81 900.
The leading futures ranged as follows: