The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-16
MARKET SUMMARY.

CHICAGO, Sept. 15.-Wheat acted for a
long time today as if the bull clique had
lost its grip on the market Seaboard en-
gagements came to the rescue however. and
after selling 17sc below yesterdays price De-
cember rallied and closed where it left off
the day before. Sharp bear raiding in corn
resulted n a AG3sc decline in that market.
Oats closed unchanged and provisions IN
changed for lard and ribs to Zoe lower for
pork
Wheat was a puzzle at the opening. 1t was
difficult to account for the Ac advanee with
which the market started, the Liverpool mar
ket, which usually influences the opening
tone here showing declines of 1b@%d. 1t
was claimed i'll a dispatch from Minneapolis
that the threatening returns in the Dakotas
and Minnesota indicated crop for the three
states of not to exceed 1875 900 bu but
there was not much confidence here in such
low estimate. Paris was reported from 10 to
Is centimes higher at the opening, and the
advance here was ascribed by some people
to that But the opening strength quickly
faded. December, which closed yesterday at
941@q9455c, started today at 944@947sc, but in
two minutes it was down to 94Ac. There was
ne statistical reason for the decline. 1t was
due apparently to a total lack of support,
scarcely any demand appearing until 94Ac
had been touched. A recovery to 95c then
ensued. But the next two hours the bear
tshness that succeeded the momentary open
Ing bulge became more pronounced, and the
price suffered accordingly. The market
broadencd as the price sank, and with such
evidence before them that the bull clique had
lost its grip the short sellers became
more courageous ard pressed their advan-
taGe.
Chicago received 270 car loads, of which 29
were contract. The quantity inspected out of
store was $3.50 blu. Minneapolis and Duluth
received SIS cars. compared with 932 the cor
responding day Of the year before. Antwerp
showed weakness, with a decline Of S71bc or
equal to &c per bu, and Liverpool closed at
net decline for the day of I'D per Genital
for futures, but unchanged for spot. About
noon the market grew strong. The price of
December had in the meantime declined to
92Ac, but from there it picked Itself up and
rose steadily to 94hQ94ssc The recovery
was due TO the enormous amount of the wait
ing orders for wheat for export that were un-
covered by the early decline. New York va
ried in the reports Of the actual quantity sold
for export al the way from 76 to 200 boat
loads. The close was firm at 945sc.
Corn lost all the bullishness it displayed
yesterday: and ruled lower al day. Various
1nfueEces combined to cause the weakness.
The brtak in wheat had some effect. Rain
belt, and more with cooler weather was
promised. Cakes ware 4s011sd lower Re-
cs1pts, $50 cars, overran the estimate De-
cemher started 1sQAc lower, at 31BGs2cs 1t
sold down gradually uader vigorous bear
raiding to 3las 3S1Rc, when the revival in
wheat set il, and December corn recovered
to S1Afs17sc, where it closed A sale of
100000 BIZ for export from here was reported.
Oats were dull and vri-tIut special incident.
AT the opening the market was weak with
corn, and Il remained so for some time 1t
nXPa'lpnf S6lnntny and
and closed firm. Receipts were posted at 296
ss5s c RsiR0S Sna 5angd At 9 saA
ProTisicrs again succeed from the yellow
fever news frcm the South. Prices ruled
lower all around for most of tire session.
with good deal Of stop-loss selling. On
the break there was good covering, and a
general recovery ensuei. Nevertheless the
market was weak at the close December
closed 1Oc lower at SS.15 for pork; December
lard unchanged at $3.50, and December ribs
unchanged, at $3.50. Estimated receipts
Thursday: Wheat, 300 cars; corn, 300 cars;
oats 300 na-a: hogs 10000 head.
The leading futures ranged as follows: