The Saint Paul globe., 1898-09-14

CHICAGO, Sept. 13-An excellent cash
wheat business for export today was the basis
for Improvement in the price of futures.
September closed 9sc higher, and December
rose l2Q5sc. Corn lost 1sqAc. Oats are un-
changed to sc up. Pork and ribs improved
1Oc and lard 212C.
Liverpool was again in full sympathy with
Chicago, reporting l1sd advance in Septcm-
Der wheat AMI Id in December before trad
ing commenced here. There was one comfort
ing item TO the bears who were short wheat
here, Duluth receipts being known before the
opening 10 number ! 42S carloads. Those
who built hopes Of lower prices, on that
however, were overcome with d'sapp0At-
ment when they found at the start buyers
Of December wheat at from 621sc to G2}sc,
whereas yesterday at the close 619sc was
the trading figure. 1t was soon discovered
that in order to make the big showing Of re-
ceipts at Duluth it had been necessary 10
rob Minneapolis of its due proportion, the
latter place getting only 322 ears.
Not long after the opening II was seen that
Notwithstanding the heavy receipts in the
Northwest the competition among buyers to
secure them was such that they were paying
lie over the price current there at the close
last night That showing Of the supreme
need Of wheat for immediate use oblterated
for time all show of beaTiSh tendency in the
speculative crowd here and added to the
opening advance. Chicago received 357 cars
Of wheat against 81 year ago and the
Western primary market receipts all told
were l. 492 600 bu, against l, ,90 900 bu the cor
responding day the year before. Liverpool
made further gain, and in the end was from
l9Sd 10 lAu nlgher tnan II cIOSeu yesterday.
New York reported numerous acceptances OF
last nights cable offers, and during the fore
noon put the export taklngS at forty-fve boat
loads. 1t VIII be seen from the foregoing
that there was much cause for trmneStS in the
market. and it was firm.
December started i20Ac up, at from &c
to 62lsc rose to 629sQ621@c, reacted to 62Q
62lsc, and then worked gradually up again
Until it wanted for brief space at G29sQ
6224c.
New York near the end reported the days
export trade at 100 boat loads, but it came
624c for December the current price at
the close.
September opened sqa4c higher, at 649
64isc; advanced 70 641Rc, and sold OF TO 64c,
the closing figure.
Corn was strong early with wheat, but had
a sudden collapse near the end that converted
&c advance into nearly that much decline.
Offerings Of September did the business for
the othere futures and brought about the
general downfall. December opened kc
dropped to 2994c, and closed at 294Q29Bc
buyers.
The buying of September by shorts on &C
count of the small contract stocks strength
helped somewhat by the strength Of wheat.
May opened l4c up, at 221sc advanced to
R2Ac, weakened to 217sc, and closed at 22c.
an excellent cash demand and strong price
Gcr hogs at the yards held provisions steady.
December pork opened sc higher, at $S 60
price. December lard started 21ac better,
a. $4.95; rose to $4.97I2, declined to $4.921R,
and closed at $4.95. December ribs began &c
mp, at $3.50, and rose to $4.S74a, and closed at
Estimated receipts for tomorrow: Wheat,
200 cars; corn, 550; oats, 500; hogs, $4,000
head
The leading futures ranged as follows: