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

CHICAGO. Sept S.-Wheat closed today at
q decline of Ac in December, the active. tu7
ture. The decline was due to short selling
and reclining. and was in the face OF avery
urgent export demand. Corn was weak at
about 1bc decline, the predicted break in the
long disastrous drought, injecting some ginger
into the bears. Oats declined sc; pork zoe,
and ribs 56712c. Lard was only a shade
lower.
Wheat opened strong at from 9614 to 9612c
for December, compared with 961Sc at the
.lose Yesterday. For twenty minutes it strug-
gled upward and at the end of the time 1t
had reached 96Bc At around $500 people
who had been selling for scalp were com
pelled to buy, but about that time heavy
holders of long wheat loaded the market
with all 1t could hold and continued selling
until the previous addition to the price had
been driven out and a decline of 12c estao-
lished, the price having receded from $3.50
to $3.50. Liverpool opened about 9sd higher
and somewhat later advances showed an
other lad advance That was the reason for
the opening strength. Paris also showed an
advance and foreign crop advances were all
of a gloomy tenor.
Chicago received $50 cars of wheat, Dut
only 10 of them were of contract quality ana
& of that small number was No. 2 spring
NSAAPNN -
with 92O the corresponding day of the pre-
vious year. The Atlantic port clearances of
wheat and flour were equal to $4,000 bu
Closing cablegrams reported material ad-
vances at Paris and Antwerp equal to from
25s@31sc per bushel at the former and to &c
per blu at the latter. The news from New
York about the foreign demand for wheat
was quite as strong as it was yesterday
Every one who offered wheat by cable last
night received acceptance and requests for
further offers. New York took all the cash
wheat offered from Detroit, according to a
dispatch from the latter city, and message
emanating from st. Louis said that Lon
don cablegram reported locusts in Santa Fe
province Argentine. The origin of the cable
gram being rather obscure, not much at
tention was paid to it, but the great foreign
demand for cash wheat and the strength of
the continental market renewed the bullish
feeling, and the decline that followed the
first advance was recovered, the price of
December once more reaching $3.50. At that
price realizing sales again became quite
heavy and the market gradually declined to
95Rc, where it closed
Corn was irregular. The market opened
firm on the dry, hot weather and continued
crop damage reports, the reports today being
the worst so far received. This caused some
was lost, however, when the weather bureau
predicted rains In the corn belt and general
break in the hot spell. A slight recovery
ensued with wheat. Atlantic port clearances
were 500, 900 blu and New York reported a
strong foreign demand and heavy sales for
export. Receipts were l. 1923 cars. December
ranged from 1891 to 3224 @327sc and closed at
3Sc bid, 12@5sc below yesterdays close. Oats
were relatively firm, almost holding their own
although there a break of &c in corn
at one time. The speculative trade was very
moderate and fluctuations were confined to
narrow range. The shipping demand was
large, sustaining factor. Local receipts
were 1854 cars. New York wired $4,000 bu
taken for export. December ranged between
205s and 21c, closing at 2O7sc asked an ad-
vance of &c. Provisions were very quiet.
The market ruled easy, the result of the
yellow fever scare. There was some support
but not energetic yesterday, the re-
suit being a gradual decline. The decline in
corn was weakening influence. At the close
December pork was zoe lower at $8.621a; De-
cember lard a shade lower at $685. and De-
cember ribs 5@712c lower at $4.9712@5 Esti-
mated receipts Thursday: Wheat, 400 cars;
corn, 1850; oats, 425 hogs. "a 900 head
The leading futures ranged as follows: