The Saint Paul globe., 1898-09-13

December rose k@%c. Corn lost sc. Oats
gained &c. Provisions unchanged.
Lower Liverpool cables, big receipts in
the Northwest and the increase in the worlds
shipments, especially the Increase in the
shipments from Russia, which seemed to dis
credit the reported crop disaster In that coun-
try started wheat a trife lower. The corn
market was also weak and had depress-
ing influence on wheat. Trade was dull and
longs liquidated freely from the start, with
good sprinkling of selling orders from the
outside. Later, however, 1t was found tha
the Northwestern markets We're holding
strong and higher in spite of bis receipts
there, and that both cash and futures were
advancing. That together with light specu-
lative offerings here, alarmed the early sell
a time, which turned prices upward.
Chicago received only 235 carloads, against
55S year ago, while Minneapolis and Du-
luth's arrivals were LAS cars, as compared
year. The sum total of Western primary
market receipts was 1,644,000 bu, or 25200)
bu less than for the similar day the year
before. The amount of wheat and flour on
ocean passage showed a decrease for the
week of 24O,O0O bu, compared with 1000 900
bu increase the same week last year The
English visible decreased 65l OO9 bu. against
529, 600 bu decrease a year ago. The increase
in the domestic visible was 2590OO bu,
increase of 1,75OO00 bu. Such great array
OF bulish statistics had its natural effect
and was largely instrumental in keeping the
price on the advance, as they severally came
to the knowledge of the traders There was
a good demand for shippers from the sea-
board on basis of &c premium in store here
over September price.
September opened h@&c lower at 621A1
62%c, held at 62hc for time then rose grad
ually to 641sc and reacted 10 6S9sc, the clos
COZ G6lc, weakened to 60Ss@60%c flrmed up
TO &C and declined to 619sc buyers, at the
close.
Warm weather, large receipts and an in
crease in the visible supply weakened corn.
The government report was also a disappoint-
ment to the bulls, as II showed less reduc-
ton in the condition of the crop than had
a general disposition to sell out long prop
erty and such was the inclination manifested
more or less throughout the session. The pit
sentiment was very bearish. and there was
few buyers on hand to take the offerings. AS
a result feeling of extreme depression
settled over the market. Buying by shorts
to secure profits when prices rested at bot
tom figures occasioned slight rallies but the
underlying tendency remained downward. De
cember opened 12Q&sc lower at 29s4 6297sc
rose to SOC, back again to 29}4 0297sc, and
closed at 3Oc sellers.
Oats held firm under good demand from
shippers for September Trade wss active
ter May began unchanged to 1sc down at
NAc dec ined to 215sc, then rose to 21%D
22c, the closing price.
Provisions were firm on excellent cash
demand, together with heavy buying Of lard
and ribs. December pork opened &c lower
at $3.50 sold up to SS.621A, then reacted to
$S.55, the closing figure The range in lard
and ribs was narrow.
Estimated receipts for tomorrow are:
Wheat, 400 cars; corn, 1,050 cars; oats, $40
cars; hogs. $4,000 head.
The leading futures ranged as follows: