The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-22

CHICAGO, Aug. H.-This was a day of
liquidation and short selling il. wheat.
Improvement in domestic crop conditions,
large Russian shipments and poor cash
demand made the weaker kneed longs I'M
load III considerable quantities. Corn
dropped %@1sc for September on the i'm
proved crop conditions, deferred futures
We're not so weak. Oats declined 3sc and
provisions 21@ TO PFC
Wheat started weak at n decline of
about re for both the s ptcmher and De-
cernber options between which trading
was about equally divided. Foreign
markets were higher, though they hardly
showed the advances expected. But h1s-
sIa, the wheat crop of which country was
reported Saturday to have suffered 50
much as to preclude the possibility of eX-
ports, reported shipments of over a mill
lion bushels. Domestic crop conditions
showed a big Improvement, and this more
than anything else influenced for the
time being the action of the market.
The Northwes ,Crn rains had ceased, and
the weather vas reported ideal for the
crop. AS great deal Of buying was done
last week. on account of the apprehen-
son of damage from the rains. The
changed conditions brought wheat onto
the market in large quantities at around
the opening, and resulted iE more or less
statement showed a disappointingly small
decrease, 5000 bushels, instead of the
LOCO 900 expected. The general cash bust
hess was so small as to affect the specu-
lative market, though bids were altOgeth-
er out of the way, as was shown by the
working Of about forty thousand bushels
Kansas wheat and by reports of other
small lots worked.
The seaboard reported 20 loads worked
{n,. 10 on,
enlargement from comparison of primary
receipts with last years. Minneapolis
and Duluth receipts We're 1856 cars cOmpar-
ed with 231 last week, and $50 a year ago.
Chicago receipts Were 135 cars, 90 of con-
tract grace. Total primary receipts were
722,009 bushels, against 100000 bushels
last year. A good deal of selling was
done by the Northwest, due to expected
heavier receipts and this affected local
traders. The market met stop loss or
ders when 1t got below puts and though
there was considerable covering at the
decline, the market responded Slowly to
the buying, and ruled heavy to the end.
september opened sc lower at 723sc 1t
held around nc for a time, then slowly
settled to 112c, closing at 7!5sc. Decem-
Der opened &c lower at 741k@%c, and de-
clined to 7S1zaAs. closing at 7S%c.
Corn was quite active and weak Crop
COHuIllOnS were 1dcal, and country ac-
ceptances of Saturdays offers were so
free as to demcralize the longs, bids for
the cash article being way out of line
September was particularly weak Re
ceipts, 1856 cars. September ranged
B1{QAc to 3214c and closed s4Q5sc lower
at S1Q$sc.
Oats were quiet and weak The sit
uation was much the same as in corn
Receipts were III cars September
ranged 1874 to 2OAc, closed &c lower at
1G7kc
Provisions were quiet aud easy with
business largely in the way of chang
ing. The cash demands fer meats was
light IT the close September pork was
5000. e21a; September Iard st$S17ls6
$40, and September ribs $5.071a@5iO
Estimates tomorrow: Wheat s., ccrn
5FO oats $40, hogs 1900
The leading futures ranged as follows.