The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-01

CHICAGO, July 31.-Yellow fever in the
United States demoralized the provision
market today and caused a break that has
not been equalled in many months PORK
declined 571kc, lard 17A@20c. and ribs ESQ
271bc Grain mrkets were all weak on
favorable crop conditions, wheat declin-
ing IAc, corn 1a@5sc, and oats 1sc for Sep
TENDER July oats, alleged to be corner
ed, showed a decline If 512c for this the
last day of the month.
With almost everything favoring lower
prices at the opening, wheat started at
decline of full cent for September, that
option opening a 697s@70c In the course
of the first half hours trading a further
slight decline took place, September
touching 69340697sc Liverpool showed a
decline of about Id, while continental
markets all showed weakness Foreign ad-
vices all told of favorable crop conditions
throughout Europe. Domestic conditions
We're also favorable. Frost had been APP
pretended in the Northwest, but the
weather was reported as exceptionally ia
vorable, with crops in many localities al
ready out of danger.
Worlds shipments were put at 1850, 600
bushels, compared with 100000 a year
ago. These heavy figures proved an ad-
ditonal incentive to short selling North
west receipts continued liberal, Mime
apclis and Duluth reporting 535 cars,
dSdtISl 900 last week, anu az d year dSO
Chicago receipts 102 cars, seven of con-
tract grade The selling, however, was
confined almost entirely to shorts and
stop loss orders through commission
houses. The market was extremely weak
at first, but it soon became apparent that
longs were disposing of little of their
holdings and when the visible figures
were announced, showing an Unexpectedly
small increase of 5000 bushels, the market
hpOaO CT
to 7015c taking place in September. The
rally did not hold long. Export demand
was light, New York putting the en-
gagements at but fifteen loads. Total
primary receipts were put at 972 900
bushels. Atlantic port clearances equaled
49,, 900 bushels
During the afternoon the market be-
came very weak again on remarkably
small amount Of trading. Longs who had
withstood the pressure during the morn
Ing weakened when the price again got
below zoe, and offerings from that source
caused a gradual decline to $3.50 The
close was weak at 695sQ6934c for Sep
tember
Corn In the main followed wheat and
acted weak all day, closing at the better.
News was bearish, crop conditions being
favorable, receipts large, and foreign
markets weak. There was scattered liq-
uidation all day. Receipts, 3S1 cars. The
seabcard reported engagements of fifty
loads September ranged from 3034c to
S16c, and closed CSC lower at 30Ac
Interest in oats was centered in the July
deal and heavy selling by elevator inter
ests and country receivers, caused a
steady decline in the option alleged to
have been cornered, the close showing a
loss of SIC. Shorts were the only buyers,
and they took hold sparingly. Receipts
were liberal, 1874 cars, 317 cars of con
tract grade. Distant options were weak
In sympathy, but so little traded in that
only slight declines resulted. There was
good cash demand. July opened 1c
lower at 25c, and closed at 201bc Sep
TENDER ranged from 19c to 191kc. and
closed 1sc lower at 1870
A yellow fever panic ragged in the pro-
vision pit, and the market was In a badly
demoralfzed condition all day All classes
Of holders sold at the best prices thew
could get. and as the demand was light
at all ipes, prices melted away with re-
markable rapidity. The market opened
weak and lower for all commodities. and
under steady selling pressure ruled weak
TO the close. Liquidation was mostly
from the outside, commission men lead.
ing In the selling. At the close Septem-
Der pork was 5714c lower at $8.25; Sep.
TENDER lard 1712Q20c lower at Sc. 221b. AND
September ribs 25Q27c lower at $3.50.
Estimated receipts for tomorrow
Wheat, 100 ears; corn, 725 cars; oats. 5Ot
cars; hogs, $4,000 head
The leading futures ranged as follows