The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-29
GRAIN DIPPING AGAIN
BRIGHT WEATHER GIVES ENcoUR-
AGEMENT TO THE BEARS
Free and General Liquidation by Longs
Puts Prices Demonstrating Of a Re-
action Follows, but the Close Is Weak
Wheat and Corn Lower-oats Higher.

CHICAGO, Aug. 2s.-Bright weather
generally was the bearish factor in grains
To-Day; All cereals suffered recessions at
by longs and for some time bears had free
rem. Later there was something of nat
ural reaction, especially in oats. The
Slose, however, was weak in the main,
September wheat s@1c down. September
corn lac lower and September oats &c
to 3212c off.
IN spots. With lower cables and weather
the best that could be desired there was a
constant talk of big movement of spring
wheat soon and good prospects for a lit
tie better grading. Active threshing of the
new wheat was reported under way. Fol-
loving week adverse weather the sun
s illi Ell, turned all the crowd to the bear
lsh view and stop-loss selling orders came
OUT After the break, however, there was
good buying at times. September felt the
l nasS Strain because OF poor support Later
cash business was fair and the seaboad
reported SO 'o~ds taken fol export.
Longs Are Tired.
In general the aspect of the wheat mar
ket indicated that the big longs wanted
TO get out of the market before it found
lower level, and the support was large
Ie1nDer started A@Ac lower at 7Oasc to
t01sc, dipped to 69Ac. and then fiuctuate
very n al owl closing weak and y @1c
239 cars, 2 of contract grade; MINNEAPOLIS
and Duluth reported 316 cars, making a
TOTAL Tor the three points of 555 cars,
against 800 last week and 789 year ago.
Primary receipts were 936. 900 bu. against
], 243.000 bu last year. Seaboard clear
ances In wheat and -four equaled SOC. 900
Corn Ielt tie effects Of fine a;catner
lower cables and reports of freer offerings.
receipts were still light at 20 cars !
ei Ion, eonbfa hg grade, but promises were for
d iilucn better showing. The crowd turn
ca uniformly bearish at the opening, and
on the initial slump September was at
one tlIne &c lower Almost everyone in the
PIT nad STUN for sale. In general the
SPECTATORS in this pit thought manipula-
ZION IN September was at an end. but a
latent rear that such might prove the
cdSeT neld THIS option somewhat nervous
ana subject to quick fluctuations on any
defin1te news. Kansas City sent out con-
Ihl M reports that plenty of corn would
Oct 10. There was no doubt. however
InaI there was selling pressure on the
oeeutnWessern markets, because of news
September sold from SIC to 55kc in the
nrSt few minutes of trade but rallied to
Soasc OF. on fairly good covering. Late
closed weak, 1Bc lower, at $3.50.
Oats and Provisions.
Oats displayed the best strength of the
grams and ruled strong after an early
dlp, The opening break was in sympathy
WI Win the other grains and on fine weather.
excellent buying by cereal concerns. how
ever, put fine tone in the pit Shorts
covered to some extent, and prices react
321sc early. advanced to 335sc, and closed
Irn9, tsc up, at $3.50. Receipts were lib
eraI at 263 cars.
Weakness in the hog and grain mar
kets worked against provisions. Early
In the day there was an effort on the
part of packers to support the market,
put free offerings resulted from the gen
tfv7NO ~
there were marked slumps all along the
Inc nl September pork, which sold at
Sll. l112, closed 15c down at $16.95; Sep
tember lard lost 325ac and closed at SO so,
and az j. September ribs closed 221zc off at
The estimated receipts for tomorrow
are: Wheat 275 cars; corn, so cars; oats.
320 cars, and 21,000 head of hogs.
The leading futures ranged as follows: