The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-11
MARKET SUMMARY.
FINANCIAL.

CHICAGO Sept. 10.-September wheat sold
at a dollar today December came within
&c of that figure at one time. but declined
before the close to csc, an advance OF 4c
since yesterday. September closed at 9312c.
Strong foreign markets, seaboard engage
ments and rumOrs of reduction In the
French wheat tariff were the bulish features,
the reaction being caused By realizing sales.
Corn declined A@3sc, and oats 1sc. Pro-
visions closed 502212c lower on the renewal
OF yellow fever scare in the South.
Wheat was in good demand at the start
at about 1ac improvement over yesterdays
closing price for December and 1c for Sep
TENDER. For a supposedly defunct deal Sep
TENDER exhibited a surprising degree of ac-
tivity and climbed up to 81 within minute
or two of the opening, when the price was
9919c December was decidedly erratic. From
1915 to 9SAc to begin with, it rose to 992sc
turned around and fell back again to 9S1sc
Then it dropped to 97asc and rose from that
in a gradual way to 97Ac. From the lat
ter point to 99Hc was the work of about 90
minutes, and those fluctuations were all within
the first two hours OF the session. The rally
was caused primarily by an advance of 2-Sc
in the price of Liverpool at the opening. Paris
started 10 confines lower, but that market
closed at an advance of 10 centimes, while
Antwerp gained p centmes. cablegram
stated there were good prospects of a re
duction of , france in the duty on French
wheat This was disputed later but in the
meantime it had caused December to jump
to 99Hc.
Chicago receipts were 269 cars. only - of
them contract. Minneapolis and Duluth re-
ceipts were 1876 cars, against 1,143 the corre-
spending day of the year before. Atlantic
port clearances of wheat and -four were equal
to about 100000 bu Primary market re-
ceipts 1861 bu, compared with 1,019.-
1877 blu the similar day of last year AS was
the case in the recent boom in September
wheat the market had to take great deal
of long grain when he price approached the
dollar mark. At 99Hc, offerings very
free. much more liberal than the limited
demand could absorb and the consequence was
a gradual but steady decline December fin
ally sold down to CSC. where it closed. Sep
TENDER closed at 9S@c. >
Corn was rather easy The market opened
firm at slight improvement the strength
of wheat and some bad state crop reports
encouraged buyers. but the strength was only
temporary. The crowd feared that tie gov
eminent crop figures might look high when
issued tonight which caused considerable SELL
ing. The non-appeaTance of frost in the corn
belt also had weakening influence, but pros
ably the chief reason for the weakness was
ceipts ,316 cars were received today and
freer country offerings reported. Atlantic
port clearances were 929 900 bu. Liverpool
cables were firm and Esd higher. The range
for December was between 1885 and 33c; the
closing being 391sc asked. Oats. were firm,
Notwithstanding the declining tendency for
corn. There was an enormous cash business,
and this with large export business, served
to sustain prices. December ranged from
213sc to 211sc, closing at 211s021Ac, shade
under yesterday.
The appearance of new yellow fever cases
at New Orleans made a weak provision mar
ket. Liquidation free and stop-loss or
ders appeared on the market. The decline
was stopped by support by Swift and other
packers, and the close was a little over the
bottom. Weakness of corn had some nflu-
ence At the close December pork was 221ac
lower at $S.47h; December lard, 10c lower
at $4.75, and December ribs &c lower at $3.50.
Estimated receipts Saturday: Wheat. 315 cars;
corn. $50 cars; oats, SO cars; hogs, 1900
head.
The leading futures ranged as follows: