The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-06

CHICAGO, Aug. 5.-DulI and irregular
markets prevailed on the board of trade
today. Weakness of corn on favorable
crop conditions were features in a decline
OF AQ7sc in wheat. Coarse grains show
ed the most weakness in new crop fu-
lures, December corn closing H93sc lower,
September losing only a shade Septem-
Der oats closed a shade higher and De-
cember &c lower. Provisions declined
71z@1212c.
Opening trades in wheat, both for De-
cember and September, were at slight
declines from yesterdays prices, Septem-
Der starting hQAc lower, at $685. OSLO,
and in the next course Of the next hours
trading the price took a further drop to
69Ac English markets were closed, and
domestic news was more or less coIorless,
as a rule, and the interest in trading
was. small even at the opening Sellers
were In the majority, however The
weather in the Northwest was favorable
for harvesting operations, and the Kansas
state crop report predicted large crops
OF both wheat and corn, the condition of
the latter being put at 100 This de-
veloped weakness in corn, and the narrow
wheat market sympathized to some ex-
tent with the drop in the coarser grain
There was some selling by yesterdays
buyers, also on the favorable Northwest
crop conditions.
A feature which encouraged the bulls
was the continued small proportion of
new wheat arrivals, and the falling in re-
ce1pts In the Northwest. Minneapolis and
Duluth received 240 cars against 344 last
week, and So a year ago. Chicago recefpts
were 76 cars, twelve of contract grade
Total receipts at primary points were
6I5,oOO bushels A moderate covering move
ment started at the decline to $3.50 some
buying being done against weekly puts
and by IL o'clock the September price had
recovered to $3.50. The demand was bet
ter for the deferred futures than for
September, considerable changing being
done from September to December, but
In the last hour of the session, interest
almost died out, and prices dropped all
around. Atlantic port clearances equalled
$4,000. There was some demand for ex-
port, but little in that line was done Sep
TENDER gradually eased off to 69AQ69asc
and was bringing that price at the close
Corn was weak, though only moderately
active. There was general selling early
on much needed rains in the corn states
and the Kansas August crop report
which estimated the yield at 40O, 0OO, 900
bushels for the state. The good shipping
demand supported the market consider
ably, and the decline in consequence was
small. Receipts were BAL cars. Selling of
the new crop futures, December and
May was much heavier than of Septem-
Der, and those months Nere correspond
ingly weak. September ranged from 3O%
to 305sc, and closed a shade lower. at
3O5sc. December and May closed about
&c lower
Oats were dull and fairly steady. Weak
ness of wheat and corn was offset by the
rains IN the West, which were expected to
curtail the movement. Receipts were 355
cars. The cash demand was light Defer
red futures showed the most weakness
September ranged from 1917 @199s to 1880
1880, and closed a shade higher, at 1870
1880 December and May closed &c
lower.
Provisions were heavy and closed at
sharp declines. Hog prices were lower,
and this and the weakness of corn caused
liquidation by recent buyers. Packers
were free sellers, an additional source of
weakness. At the close September xxx
was 1212c lower, at $3.50; September lard
was 12c lower, at $5.S77a@5.4O, and Sep
TENDER ribs 1Oc lower, at. S5.O7h@5.1 10.
Estimates Monday: Wheat. 1875 cars.
corn: 42O cars; oats, $50 cars; hogs, a.
600 head.
The leading futures ranged as follows: