The representative. [volume] (St. Paul, Minn.) 1893-1901, 1899-08-17
CHICAGO GRAIN.


CHICAGO Aug. 16.-Weak cables, absence Of
cash demand ana good spring wheat crop pros
September price down INC from Monday. while
deferred futures were even weaker. Coarse
zc and csts A sn declined sa
Wheat opened at sharp decline. September
pres q e f1be with ,a decline closing sao
place in the next hour. but selling, though con-
tnuous. was not especially heavy during the
morning. and intermittent covering suffced to
cause a number of small rallies. The main
factor was the weak character of Liverpool.
The market not only ignored the advance here
Monday. but showed an early decline Of va.
which was increased to I'D before the day was
over A good many bad threshing reports were
received from the Northwest. but notwithstand-
ing estimates on the spring wheat crop put the
total at 1917, ooo, 900 blu for the three big wheat
states. AS the government estimate was but
1863. 0Oo, 900 bu this had good deal Of effect.
belt. and this made sellers Of the Northwest
crowd. The decline was rendered the more
Vance shorts had generally Covered and bulls
loaded up, and In consequence attempts to
wa on Se
big holders until late in the afternoon. The
price meanwhile ian gradually declined to 7ossc;
themselves in the shape of poor cash demand
here and equally poor export demand at the sea-
board. The continued apathy of foreigners
caused more and more effect the local mar
ket. An aggressive bear movement was started,
until 7Ohc for September had been reached,
when liquidation dropped off to considerable
SNleAt. OIAuotIcel Lepoae SAoWeu NlSlDie ue-
Of 1861. 900 blu. but these large figures
had little effect. Minneapolis and Duluth re-
ported receipts Of 2oS scars, compared with 1879
last week and 245 a year ago. Chicago receipts
were 50 cars four Of contract grade. Total
primary receipts amounted to $4,000, against
$50. 600. Atlantic port clearances of wheat and
flour amounted to 265, 600. There some SELL
ing by room traders expectation of lower
cables today. September rallied to 7OHc and
closed with sellers at that price.
Corn showed some steadness early, though
opening lower with wheat A good demand for
September from shippers against sales of cash
for immediate shipment supported the market.
The cash business reported around COZ, 900
export Crop prospects very favorable
and cables lower. The market broke readily
when wheat showed extreme weakness prices
for all options declining Receipts were 487
cars September ranged from 30sc to 30Ac and
closed Nc lower at 3O1sc.
Oats were dull, speculatively with narrow
range Of prices. Prices in the main tended to-
ward lower level In sympathy with other
grain markets. Elevator people sellers.
The cash demand was poor. Heavy receipts 657
cars had some effect. September ranged from
19hc to 19ss@19Ac and closed h1Hc net lower
at 191sD19stc
Provisions were fairly active and weak There
extensive September liquidation mostly
by longs, while October ribs sold heavily.
The demand was largely from shorts, and buying
from that class of traders caused some
action from the bottom. At the close September
pork was &c lower at s.. 25 September lard SD
TIC lower at $5.15, and September ribs 712c
lower at N.97hc.
Estimated receipts Wednesday, Wheat, So
corn. go: oats. 80; hogs, 600 head