The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-18

CHICAGO, Sept. lit was a day OF lqul-
daton and short selling in all the grain pits
today. Corn suffered the worst, not even the
frosts reported having sufficient influence to
stop the decline, Corn closed 1Ad1%c lower.
Wheat followed closely with a 11sc Decline
while oats broke 12c. The provision market
was a shining exception to the general rule,
closing prices showing 712@10c advance
This was one of the days that the open
ing quotations from Liverpool had some eff
feet upon the wheat market at the start. The
traders who bought wheat on an advance at
Liverpool of 1ad per GENITAL as that market
was quoted before business commenced here
paid about nc more for it than 1t was
selling for at the close the day before, De-
cember starting at 935s@9334c. There was
some suspicion at the start that the Liver
pool market was being manipulated, and this
caused a monetary reaction to 9314c, but
the market quickly reacted again to $3.50.
For more than an hour the buying, induced
by the strength at Liverpool, was SUI
ficient to maintain the price at or above the
opening figures The English market kept
gaining till it's close when it reached from
q to I'D improvement for the day. While
that advance was in progress the market
here, though quite dull, was firm, but after
all the cables were in it began to weaken.
Liverpool was the only foreign market to
show improvement, and advices from there
explained it by telling of intense heat and
locusts in Argentine Paris closed at re-
duction equal to 1ac, and Antwerp at reduc-
ton of 25 confines, equivalent to 11ac. London
also sent bearish cablegram to the effect
that there were re-sellers Of cargoes at less
money than was being asked for fresh ship
ments from here.
The price of December gradually declined
until about II o'clock it was quoted at 9212c.
Chicago receipts were 27S cars, "a cars Of
which were No. 2 spring. Minneapolis and
Duluth received lob cars, against 496 week
ago, and ,023 last year. The stocks for the
week at Minneapolis are estimated to show
a decrease of 600, 900 blu; Duluth an increase
of 100000 bu. The export clearances from
the seaboard were equal in wheat and flour
to 34S, 900 bu. Exporters here had orders for
No. red wheat for the United Kingdom,
but could find none for sale within &c of their
limits. There were export orders for No.
2 Kansas hard for export, which could be
bought &c under December, but that was
said to have still left the price &c above a
working basis, when December was 9212c.
The market had no support near the end
and the price dropped to 92c. December was
selling at 92Q928c at the close.
Corn was uncompromisingly heavy. The
frosts reportd had no influence in stemming
the bearish current, and the price after the
first few minutes kept a steady decline.
The continued heavy receipts are at length
having their effect. large and influential
interest pounded the market persstently all
day, and there was general bull liquida-
ton. The cash demand slow. Receipts
were 81 cars. Atlantic clearances were 799, Coz
bu. December opened Ac higher at $3.50
31%c, sold down to zoe, and recovered tc
31Ac, where 1t closed. Oats were very slow
and weak, influenced by the corn and wheat
decline. Lack of speculation was also a
weakening factor. A good cash demand ex-
listed early in the day, which held prices
comparatively firm for a time, but the weak
ness of other grain markets finally had its
effect. New York was a good buyer of De
cember. Receipts were 337 cars Clearances
692 900 bu. December ranged from 2l1sc tt
201ac, closing 203sc, or 12c under yesterday
Provisions were remarkably firm, consid-
ering the. weakness of the grain markets
The provision crowd was evidently over lis
yellow fever scare and shorts were eager
buyers of all products. feature was the
large European demand for lard. Part OF
the early advance was lost on realizing by
scalpers. At the close December pork was
7lac higher at $S.3213 December lard, 10C
higher at $4.67kG4.7O, and December ribs
712c higher at $4.S712. Estimated rece:prs
Saturday Wheat go cars; corn, $40 cars
oats, $50 cars; hogs, 1000 head
The leading futures ranged as follows: