The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-20
The Wheat Markets.
WHEAT SUMMARY.

CHICAGO, Sept. 19-Heavy receipts and a
large increase in the visible supply had
depressing effect on wheat today, and result
ed in decline of re in both September and
December offerings. Corn was heavy with
wheat and declined Ac. Oats closed prac-
tically unchanged after an exceptionally dull
session. Provisions were weak throughout,
and closed 5@71Ac lower.
Wheat exhibited some hestancy during the
Northwest were exceptionally heavy Mime
apolis and Duluth reporting 1883 cars,
against I,131 year ago, and though the
crowd was in a measure prepared for this
yet enough liquidation and short selling
suited to cause prices to sag for time, De-
cember which opened at 625s@6224c, declining
temporary however. Notwithstanding the
heavy Northwest receipts, prices at Duluth,
especially for cash wheat. were firm, and
this fact caused a bullish feeling to gradual
ly develop. Besides the firmness of the
northern market prices here were helped to
a certain extent by the small Russian ship
here and at New York of numerous foreign
buying orders. Many of the early sellers
turned buyers. and in the absence OF any
particular selling pressure, December soon
recovered It's early loss, advancing to 627sc
before the demand satisfied. For some
time after that price was reached the mar
ket was dull, but was steady until after the
visible supply statement was completed. This
showed an Increase Of 17S2,O00 bu, making
the total 1O1 900 bu, compared with 17,140,-
600 blu year ago. The figures were dis
tnct disappointment to bull traders as an
increase Of not over 500 900 was looked for
and the market was affected at once Under
the liquidation that resulted, the price for
December sagged to 62Hc. Afternoon the
market was became very dull again, and
continued until the close. The price in
the meantime dropped to &c and hung around
that point, the lowest of the day for some
time. little better feeling developed late
In the session, and December recovered to
62Ac, which was the closing price Not much
was done in September. The price ranged be-
tween 65R and 64Nc and closed at the low
point.
Corn was dull and inclined for the most
part to follow wheat. 1t was firm early, due
partly to light receipts, 521 cars, but when
wheat turned weak, corn did likewise. Ship
ping demand was moderate. The visible
increase was 1,S67,000 bu, somewhat more
than expected. December ranged from 22%
2912c, and closed Ac lower at 291bc
Oats were very dull Considering the weak
ness of other grain markets, however oats
held very steady There was q very good
cash demand. The market was uninteresting
throughout, trading being almost entirely of
light scalping nature. May ranged from
22k G221Ec and closed a shade lower at the
latter figure. September and December showed
no shange.
The market for provisions was weak from
the start, and substantial declines took place
due principally to the yellow fever reports
from the South. Speculative market was
moderately active but each trade was light.
Hog receipts at all points were liberal. De-
cember pork closed 12kc lower at 1925; De-
cember lard 712c lower at $4721kG4 rs;
January ribs, 21kc lower at $470
Estimated receipts for Tuesday: Wheat
Sl5 cars; corn, $50 cars; oats. $50 cars; hogs,
$4,000 head.
The leading futures ranged as follows: