The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-02
The Wheat Markets.

CHICAGO, Sept. bad reports from Ne
braska strengthened corn today. That
aroused the sympathes of traders in wheat
and was the principal reason for advance of
3sQ1ac. At the close December corn showed
an advance of AQ%c. Oats are unchanged
10 sc higher; Pork advanced 71ac; lard, 215c
ana ribs 541l2c
a rather urgent demand from shorts lust
at the opening, owing to continued hot
weather and lighter receipts than expected
advanced the price of corn &c over the close
yesterday on the initial transactions The
condition of the crop in Nebraska, however.
appeared 70 be the chief consideration with
tIaders. Kansas corn was in as bad or worse
cohdltion than that in Nebraska, but the
trade here had already accepted the damage
reports from Kansas and did some buying
because OF them during the last short bull
1t needed another big corn state to be
heard from d.scouragingly- as to its crop pros
br&skas great disappointment ass compared
with her early prospects for big crop came
opportunity and the chief incentive to the
The market had no decided set back ex-
cept Immediately following the opening
bulge, and again after December had risen
12c above the previous days closing price
whence II had 4 reaction. December opened
A0$sc up at 314311sc; declined to 30lb6305I g
Improved to 3lA, then reacted to 31631Ac at
the close. -
Chicago received 1873 cars of wheat. against
NV as expected The weather was hot and
considered unfavorable for corn and that
q hNAS NdS SLIOlS dL the commencement of
the session. There was general feeling Of
confidence expressed on the curb that under
present circumstances December wheat was
Tow enough. In consequence the opening
trades We're at about &c Improvement over
closing prices of last night
no wheat had been rendered on September
contracts before the. opening. This fact
helped in the formation Of the slightiv hill
Ism tone with which trading started On the
other hand Liverpool came A@&sd lower,
While Minneapolis and Duluth receipts were
612 cars, compared with 314 the corresponding
cay year ago. Corn soon began to dron q
few siXteenths Of lis early advance. and thai
with the decline at Liverpool and heavy
Northwestern receipts had to receive the cor
sllaeTatlon 1t was entitled to at the hands Of
the wheat spectators. AS a result the small
advance at the start was lost Business wac
small and the heat too oppressive for
any one to mix himself in the swelterine
TO the market.
During the last part of the session corn
grew strong again and wheat responded
syMPatheucally, The aggregate of the days
preliminary western market receipts was
lC26,GO0 blu, against 914, 900 bu year ago
ana 1t now appears as IL the movement for
the present season having at length caught
up on that of the year before wac oettino
into shape to beat it. The export cIearancas
IRON Atlantic and gulf ports were canal In
wheat and flour to 10000.
September. opened h0Ac up at 64c and
aver declining to 635sc, advanced to 6ALS;
64%sc at the close December started 1I6aLC
higher, ct 61Bq621sc; sold down TO 6I5IG
6lMc; then frmed up to 62ac, and closed a.
6216462Ac sellers. 81
Oats were easy early, but toward the close
the strength displayed by corn was felt and
the market closed steady. The principal mart
OF the business done was changing from
Septenper TO December. December opened
unchanged at 1880 up to zoe; weakened tc
1s1SQl9Hc, and closed at 1873 acc.
PROVISIONS were depressed al the start from
'ne knowledge that about 1900 tierces of lard