The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-23

CHICAGO, Aug. 22.-Septembar Iiouida-
non was the feature of wheat trading to-
DAY. 1t was heavy enough to cause an
eaIly decline of $4e at one time, but re-
newed rains in the Northwest accelerated
covering movement, which resulted in
the recovery of al but &c of the decline
December was finer and closed nc high
er. Country liquidation cut 4c off the
prlce OF corn. Oats held up We'll and clos
ed about sc higher. Provisions made I'M
important changes both ways
Some weakness was shown at the OPEN
Ing in wheat, both September and Deem
Der options opening about 1Sc lower and
showing declining tendency. The weak
ness was not so much the result of bear
news as of the general apathy of trad
ing. Spectators appeared 20 be in the
market more from a sense of duty than
from the hope of securing profits or saw
ing losses, ard the first half hours trading
was remarkably small. Then a pronounC-
ed September liquidating movement set
in, which lasted well into the afternoon,
and which resulted in widening the
spread between the September and De
cember options to 2$sQ212c. A good deal
OF this selling Of September was done by
the Northwest, apparently against liberal
country receipts, and though primary re-
celpts continued to be smaller in amount
than those of last year, expectations of
ulatqTs and broadened the liquidation.
Attention was also directed to the rela-
lively greater weakness of wheat at New
York than here. There were some bids
for cash wheat here, but prices We're
about &c out of line, as a rule, and but
little business was done.
The seaboard reported only moderate
engagements for export ClearanceS We're
100 Geo. Minneapolis and Duluth receipts
were rs cars, against 20S last week and
574 year ago. Chicago receipts We're 1A
cars, four of contract grade. Total pri-
mary receipts were 534, 000, against $50, coo
last year. During the afternoon the tone
of the market changed. The September
price has been forced below put figures
and the tendency to cover shorts was
strengthened by reports of renewed rains
in the Northwest and foreign advices
that tie drought in India was worse than
ever. September liquidation ceased and
the market took on considerable strength
late in the session, resulting in q recov-
cry of nearly all the early loss. Brad
streets reported the worlds visible de-
crease at 1,755,000 The seaboard late in
the day reported fifty-two loads for eX-
pert. This helped the advance. Septem-
Der opened at 712sc, it declined to 70Bc
and reacted to 7112c, where it closed. De-
cember opened at 733sQ7334c, declined to
731sc and reacted to and closed at 1880,
Corn was weak, especially so for Sep
TENDER, in which there was a good deal
of important liquidation. Elevator peo-
pie and receiving houses generally were
sellers, against liberal country accept
aEces. Western crop advices We're favor
able and local receipts We're large, SIS
cars. There was a good rally from the
bottom on covering by shorts and in sym
pathy with the late flrmness of wheat
September ranged from 303sc to 3114c and
colsed &c lower at S11sc. December clos
ed unchanged at 289sc.
Oats were firm considering the decline
in other grain markets and the unfavor-
able conditions affecting oats. Receipts
were heavy, S31 cars, and country offer
tngs We're liberal. September ranged from
1890 to 197sG20c and closed a shade high
er at 197sQ20c.
Provisions were extremely dull and
prices chSnged but little. The tendency
during most of the session was down
ward, the result of lower hog prices.
There was a moderate amount of Septem-
Der liquidation done. Prices firmed up
during the afternoon, the market closing
steady for pork and lard and a little cas-
fer for ribs. September pork closed a
shade higher at $S.221h; September lard a
shade higher at $500 and September ribs
a shade lower at $5.07l2.
Estimates tomorrow: Wheat So; corn,
225; cats, 305; hogs, 2400O.
The leading futures ranged as follows: