The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-08

CHICAGO, Sept. Wheat is getting close
to the dollar mark again. December closed
today at 961sc, an advance Of PFC since Satur
day. Strong cables and a heavy export bust
ness started the market strong, and kept it
in that condition. Corn scored a lie advance
notwithstanding enormous receipts, and de-
mails of damage reports. Oats shared in the
prosperity to the extent of Sc advance.
Provisions were affected somewhat by the
yellow fever scare, but at the close showed
only 10c decline in pork and PFC in ribs,
while lard advanced Be.
The Liverpool wheat market had advanced
before trading commenced here the equiVa-
lent of 41sc per blu over the price it cosed at
on Saturday last, &c of that rise having oc-
CURED yesterday Paris was also quoted &c
per bu higher since Saturday. In sympathy
with the strength abroad, an advance OF
about &c inaugurated the days business mere,
December starting at from 9512Q95%4c, com
pared with Saturdays closing price of 1850
Local SPECTATORS who held long wheat over
from the end of the week before, seized the
opportupitv of reaping so material profit,
and their offerings caused the market TO
show a sagging tendency most of the fore
noon. December declining to 9412c before any
material rally occurred
The trade statistics Of last weeks move
ment of wheat in the direction OF consuming
countries were somewhat OF a drag 10 me
market. The weeks shipment of wheat and
-four from all sources to importing countries
of Europe were 9S12, 600 blu, against 7,454,OO0
bu the week before. and 7.513, 900 bu the cor
responding week Of 1896. The quantity on
ocean massage was thereby increased 2,OOO,O0O
hi Receipts of wheat at Chicago since Sat
urday morning were LOSS cars, but out OF
that great number SIS only came up to the
contract standard. The quantity shipped nom
here since Saturday morning was dlspropor-
tionately small compared to receipts, l45'UUO
blu comprising the total. Minneapolis anu
Duluth reported 1920 cars received, compared
with 2512 for the three corresponding Gays
of the previous year. Atlantic port ciearances
of wheat and -four since Saturday were equal
to 1.155. 900 bu The visible supply decreased
656 600 bu and the total is now down to H.
81 900 blu. A year ago the corresponding week
the total was 47,46 600 blu. Closing cables
did not vary much from these reporting the
opening quotations. 1t was difficult to get
information regarding the precise number OF
boatloads sold for export al New York and
elsewhere but it was very evident from what
could be learned, that 1000, 900 bu or more
had been disposed Of. That was the reason
why the market became once more very
strong, and was bringing 96Ac for December
about fifteen minutes after the close. The
final trading price was $3.50.
Trade in corn was active and much more
general than in wheat Strong cables and
very general damage reports from drouth
started the market very firm, but the enor-
nous receipts and visible increase, coupled
with some emphatic denials of any material
damage to the crop caused an easier 1eeiing
to prevail for some time in- nttIr
of wheat in the last hour, however, stare /
renewed buying, and closing prices were
about the highest of the day. Receipts since
Saturday were 3,737 cars. The visible in
creased 3,347 900 Blu. Charters were for 5,001
Blu. The shipping demand slow. De-
cember opened at from 33@333sc. against Sat
urdays close of 3212@323sc. More interest
was shown in oats. There was cons. derable
influential buying, and the market ruled firm
from the start. The strength of corn Was
apparently the principal factor The visible
supply increased $4,000 bu. Receipts for
three days were posted at $40 cars. Decem-
Der ranged between 20A@201zc, closing at the
top figure, an advance of &c for the day. A
yellow fever scare on mild scale struck the
provision market at the opening, provisions
suffering especially Packers, however, gave
the market vigorous support, and before the
close the market had steadied lard even
showing an advance. December pork closed
10c lower at $S.S21@GS.S5; December lard 2lb
d5c higher at $4.S5@4.S712, and December ribs
unchanged at $5.05. Estimated receipts
Wednesday: Wheat, 401 cars; corn, 450 cars:
oats, SIS cars; hogs, %, 900 head
q no fI,fII Po1IA