The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-14

CHICAGO, Sept 13.-The weakness OF wheat
Saturday was renewed today, and for the
same reason, weak foreign markets and Dull
liquidation, December closed at decline
Corn was weak all day, but recovered all
the decline later. Oats were shade higher
at the close Provisions, like corn, started
very weak, but changed and by closing time
advances of 5010c had been recorded.
Wheat opened heavy and without any
special activity. The opening trades were
at from &c to 1c per blu below the Saturday
closing price December started at 95Bq959sc
against Saturdays closing price of $3.50. The
tendency for the next hour was to recover
little of the first loss, but at the END OF
that time the first thought of the raiders come
back to them and a still lower price than
the lowest point of the opening range was
brought around without much business pass
ing The Liverpool market was from 10
to 11hd lower, the receipts were heavy, 55S
cars at Chicago and ,052 at Minneapolis and
Duluth, the quantity on ocean passage was
sec, 900 blu larger for the week, and an in
crease of somewhere around 900 bu in
the visible was looked for, and the eXpecta-
ton was subsequently fulfilled.
Out of the 55S corloads received at Chicago,
only 50 were contract and only IS cars of 47O
received at Minneapolis were No. 1 northern.
After the receipts of the visible supply fig
ures. which showed 949, 900 bu increase, al
though that was about what had been looked
for, the market had very severe weak spell,
December recovered to 95$4c during the first
hour. 1t futtered uneasily for some time
between 959s and $3.50 and until near the
time for the announcement of the visible fig
ures, it gave no evidence of further weakness.
Then, however, it became very weak and the
price dropped down to 93hc, like the hammer
of a pile driver. Closing cables reported
Paris from 15c to zoe lower, and Antwerp
unchanged. The report of 80 loads being
taken for export and claims of damage to
Argentina crops by locusts tended to bring
about rally later in the session, and under
covering by early sellers December recovered
to 941s@94Ac where it closed.
Corn participated to a very slight degree
in. the weakness with which wheat was affect
ed. For a time after the opening the mar
ket was easier at a small decline. This
was caused by heavy receipts and phenome-
nal opening break in provisions, which start
ed liquidation by timid holders. The visible
supply increased 1874 900 bu, and local stocks
increased 2O11 900 bu. Notwithstanding this
there was good buying, the market being
helped perhaps by the hot weather West and
all the decline was finally recovered. Re
ceipts were 1851 cars. December ranged from
32@321sc to 311@d317sc, closing unchanged al
S1%c.
Oats were influenced somewhat by corn
during the morning. Later in the day good
cash inquiry was reported, which caused {
firmer feeling. The spread between May an(
December was narrowed. Receipts were 81
cars Visible supply increased $4,000 blu
December ranged from Il to 2O5sc, clos
Iprr or chodo OH Col 1rda
was a very well developed yellow fevel
scare at the opening in provisions. Liquida
ton on fear of further spread of the pesti
lence caused a sharp opening break, bu
prominent packer, who has been a FREE
seller, later bought heavily and prices quick
ly reacted. Trading dropped off later, bu
prices remained strong. At the close De
cember pork was sc higher at $S.3212; Deem
Der lard 1Oc higher, at $4.55, and Decembe
ribs TIC higher, at $4.S5 Estimated receipts
Tuesday: Wheat 426 cars; corn, 1900; oats
a20; hogs, 10000 head.
The leading futures ranged as follows: