The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-04

CHICAGO, Sept. 3.-Wheat today suffered
in sympathy with a decline in foreign mar
kets, December closing 1a4c below the level
of yesterdays final figures. Other markets
were also afflicted more or less with that
tired feeling" corn closing 2s@12c lower,
and oats h@Ac. Pork lost sc, and lard
71AG1Oc. Ribs were unchanged.
Wheat started weak The opening prices
at Liverpool were at a decline of 1Ad, and
the start here was In accordance with the
bearshness denoted at the English market
December was offered at the opening from
CSC to 931hc, or 11ac under yesterdays close
The bulk of the first transactions were at
from 1880 to 931Ac, and fluctuations were
close around the opening figures for three
or four minutes. Following that, for half
an hour, there was a gradual improvement
until 943sc, or within 7sc of yesterday
closing price, avs reached. A dispatch from
New York, reporting 47G,0OO bu of wheat
taken for export yesterday afternoon, was
given as the reason for the f1rmness shown
in the recovery referred to. The very slight
addition to the contract wheat here, out
of the 57S carloads inspected into store
since yesterday morning, was perhaps IN the
minds of the spectators. Only six carloads
were contract, and of these five were NO. z
spring. a grade that cannot be delivered on
contracts made today for any delivery be-
yond the present month. Minneapolis and
Duluth received ASS cars, against 84S on the
corresponding day of the year before. The
advance reached 94Bc and then 1c of it
was dropped in a few minues 937sc being
the next stage of the fuctuations then up
again to 945sc in an equally sudden man
ner, and back once more, slowly this time,
to 1890.
The fluctuations, although sudden, were
not accompanied by much trading, Scalpers
were startled by the sudden changes, and
withdrew from the market, and their absence
added to the difficulty commission houses eX-
perenced in finding buyers or sellers when
they had orders 10 execute. New York wired
early in the day that the foreign demand
was renewed and Is loads taken by 10
O'Clock. The Atlantic port clearances Of
wheat and flour were once more very heavy,
the total being $685. 900 bu, in wheat and
-four, 681 700 blu of it being in the shape of
wheat. The market became very weak near
the close, and while the scalpers would not
touch it earlier in the day, except in the
most tmid and gingerly manner, they quick
ly caught on to the fact that it was not
being adequately supported near the end,
and sold freely. December declined to 92asc,
and closed at 92&4c. The closing cables had
much to do with the weakness displayed late
in the session, Liverpool closing 1@13sd
lower and Paris the equivalent of &G1Bc
Antwerp was unchanged
Trade In corn was less active, and the
volume of business was much smaller. The
feeling early was weak, due largely to the
lower cables the weakness Of wheat at the
start and to liquidation by recent buyers.
Offerings, however. were not large, and
were we'll taken, several of the larger COM
mission houses leading in the buying. The
market eased off later expectations Of
heavy receipts early next week, the decline
being accelerated by the late slump in wheat
Atlantic port clearances were 9SS, 4l6 blu.
December opened A@12c lower 1t ranged
fair trade done in oats. At the open
ing the market was weak, in common with
corn This feeling was changed to frmness
later, only to grow weak again toward the
c.ose. There was good buying on the ad-
vance, about the only time the market
showed activity. The tone was entirely de-
pendent on corn throughout. Local receipts
were S52 cars. December opened 1s0Ac
lower at 20Ac, sold up to 205sc, and down
to 201sc, closing at 20ls@20Ac. Trade was
quite active in provisions during the curly
part of the day. Offerings were quite free,
in view of the weakness in hog and grain
markets, while the demand was only mod
crate. An easy feeling prevailed, and prices
ruled lower around the opening. Later the
ment followed. which was lost when wheat
and corn went down Packers were all good
sellers at the close. December pork was sc
lower at IS .9712; DecembeE lard 7lA@10c low
er at $4.S5@D4. S7h, and December ribs I'M
changed at $50. Estimates-Wheat, AIS
cars; corn, 1870 cars; oats, 420 cars; hogs,
10000,
rta 1a,5Jng P,t+uras rapoed &C follows.