The Saint Paul globe., 1898-09-17
The Wheat Markets.

CHICAGO. Sept 16.-Increased receipts and
an absence of cash demand today were the
main causes for "a setback in wheat Septem-
lost %QBc. Corn is unchanged Oats de-
clined 1sc. Pork left off 5@71Sc lower; lard
212G5c and ribs sc.
Anxious shorts in wheat covered yester-
day, SO that there was no further alarm
created when Liverpool, before the opening
here. reported an additional sensational jump
OF Esd fer September delivery. If Liverpool
December wheat had done proportionately as
well as September the effect upon specula-
tive sentiment in Chicago would doubtlss
nave been different but 1t showed a de-
cline of I'D so that September strength was
concluded TO arise from a mere squeeze on
the other side. which had no significance for
any one outside of the ranks of Liverpool
shorts On that account the start here was
at lie decline for September and 1@1hc for
December.
usual and there was no change in the cor
responding lightness of the winter wheat re-
ceipts. Chicago received 1862 cars, against
ZfS a year ago. and the Northwest 1,099, COM
pared with 1,103 the year before. Spring and
winter wheat receipts together at all Western
primary markets We're 1,30S 900 bu, which
ceived the similar day of the previous year.
Atlantic port exports OF wheat and -four
were equal to $4,000 bu.
Soon after the opening Duluth showed &c
ou advance in price Of cash wheat and
some little strength was thereby impaired to
the market here, but not long thereafter
cash wheat, and that put damper on bull
ish sentiment Later in the day Mime
apolis dropped 1c for spot wheat and weak
ness mere became more pronounced Sep
tember opened 1c lower at 65c sold sparingly
at 66c, and was inclined downward most
OF 90t1 the time after that; December started
HgAc down at 6S6631sc. recovered
to 6S1s963hc and from that 1t grad
ually declined until about an hour from
the c-ose it was down to 6212c.
An advance OF Is centimes at Paris and
5O centimes for American red wheat at Ant
in the last hour Of the session had apparent
ly become weak to stay. The absence of
demand for cash wheat, in any quantity at
least and reported delivery here and at To-
ledo OF spot wheat for September contract.
created heavy feeling near the end and
caused further declines September got down
TO 6lc and closed at 65Ac. December to 62Ac
and closed with trading at 62ss6621bc
Inc corn experience was just the reverse
from Yesterday, the market being strong,
whiIe Wheat was weak. December began un-
changed at 29hc rose to 297bc, declined to
29%@291Ac, and closed at 2916c, buyers.
Oats struggled along in the wake of corn
May opened unchanged to 16c lower at 220
Zlsc, held steady for a time at 221Ac de-
clined to 21BG22c, and irmed up to 22c buy
ers, at the close.
Provisions ruled weak, suffering from
pressure Of hogs. December pork opened
l0Gl2l3c down at $S.77h. advanced to sS.45,
then weakened to $S421R the closing price
December lard started unchanged to 2kc
lower at $4:9O@tS21R sold off to $477h and
21@c off at S4.7213. declined to S4671h and
rallied to $40 the closing price
ESTIMATED receipts for tomorrow: Wheat
i40 cars corn, 42O cars; oats, 260 cars; hogs
is 000 head. O9N'
The leading futures ranged as follows: