The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-29

CHICAGO. Aug. ga heavy increase
ir the arrivals of new wheat in the
Northwest was taken advantage of by
elevator people and professional bears
tcAay to force wheat down, and the mar
Ks. closed weak at about &c decline.
September corn was weak on renewed
liquidation. More distant futures closed
about &c lower Oats declined &c for
December, but closed unchanged for Sep
teinbeT. Provisions closed unchanged to
nc higher.
For good part of the morning wheat
was fairly firm at a slight advance in
prices. Liverpool showed small opening
decline, and before the close fully recov-
cred this. A more important considera-
ton was the small worlds shipments,
and more particularly those from Russia,
whose large exports last week we're an
important factor in causing a downward
turn to the market. Russia this week
reported shipments of $4,000 blu, the totaF
worlds shipments being 5,739000.
Northwest receipts were somewhat
larger, but not enough so 20 bearishly
affect the market Minneapolis ard Du-
lGth reported arrivals of 399 cars, against
327 last week, and SIS a year ago. Chi
cagO receipts were 116 cars, % of contract
grade. Northwest and other outside mar
kets were weaker than this, and pressure
was put on the market by professional
and elevator people for this reason, which
caused a temporary decline. September
opened AGl3sc higher at 707sc, and de-
clined to 7012c; December opened 3s012c
higher at 727s@73c, and eased off to 1850
721ac.
The decline was stopped the an
<uncement that the visible supply had
decreased 1,5l7000 blu, and the Stacking
in the selling pressure coming at time
when shorts were covering, prices adj
Vanced again, September getting to 701s
ale, and December to 73c This proved
the high points of the day. a period Of
comparative inactivity followed, but be-
fore noon the market turned decidedly
weak on the reported arrival of 300 cars
of new wheat at Duluth and by much
more favorable threshing returns from
the Northwest. Elevator people and pro-
fessional bears were not slow to take
advantage of this and pounded the mar
ket persistently from then until the end
of the session. December finally declined
to 717ac, and September to zoe. There was
a tendency on the part of shorts to cover
at those figures, and a slight rally &C.
Cured but the general feeling was weak
TO the close.
The seaboard reported a large export
business on the break, but the cash mar
ket here was poor. Atlantic ports cleared
26SO00 blu. Total primary receipts were
77o 600 bu, compared with 1,2S1,00O last
ments at q loads. December closed at
Tkc bid.
Corn was weak for September, but
steady for December and May. There
was scattered liquidation of September
all day, but most Of the selling was done
by elevator firms, which was taken to
indicate heavier country offerings. Sep
TENDER ranged from 8O7s@31c to S19s@31a4c,
Gnd closed sc lower at Sic sellers.
The speculative market for oats was al
most at a standstill. The market was a
little easier, in sympathy with corn, but
the trade was too small to admit Of ma
terial changes in value. September clos
ed unchanged at 2O1sc; December closed
1sc lower at 1880.
The market for provisions was Arm,
but dull Packers were good buyers of
lard and ribs. At the close September
pork was unchanged at 1925; September
lard, TIC higher at $5.25, and September
ribs nc higher at $500.
Estimated receipts: Wheat, 12O cars;
corn, $40 cars; oats, TAO cars; hogs, 1900.
The leading futures ranged as follows: