The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-24

CHICAGO, Sept. 2S.-Wheat today aoated
a good deal of its recent bullishness ana
closed at a decline OF about Ac IN December
Talk of increased receipts in the Northwest
and Southwest and estimates of heaVy
worlds crop promoted active selllhS on .ne
part of recent buyers and kept Tue ni@ In, me-
weak most OF the session. Corn ana oals W.
sympathetically weak corn closing &c lo~e'
and oats CSC lower. Provislors were lLue
pendenty strong and closed 't2VlVc nIsLea,
Weakness was shown by wheat right from
the start. Prices at Liverpool were olsap-
pcintment to traders, that market resPon na
ing feebly to yesterdays sharp ADVANCE hSle'
Northwest markets opened at lower prices.
Opening trades for December were MADE AT
64a64Ac, compared with yesterdays closing
price of 6412G645sc. There was goSd deal VI
realizing at the start, by Weakened holaers'
which made the market rather woooly ior d
time. An undertone of strength soon deVel-
oped however. when later adVices showed an
Improvement in prices both in the NorthWgst
markets and at Liverpool, but when the
Northwest again began TO decline, Whch II
soon did the price slid of again, and to lower
CAS- 0641ac to 637sc. The decline was gradual
for some time as buyers were present Ill
sufficient numbers to take care OF the o1er-
ings. Reports of freer country offerings
which came from all over the West was re-
sponsbe for a good deal of selling Bullsh
news not lacking. Dry weather was re-
ported in Argentina with wheat threatened by
locusts Drought was said TO prevail IN some
parts of Russia, preventing seeding opera
tons Minneapolis and Duluth received s55
cars. compared with 1099 last week, and
1,00l a year ago. Chicago receipts were zls
cars.
The break of the day came when Beer
bolms estimate the worlds wheat crop
was received from Liverpool 1t put the total
at $50. 600 900 bu, which very much
higher than any estimate heretofore MADE
and 500, 600 GOO bu over last years estimate
This brought all classes OF holders onto the
market and buyers were flooded with offer
ings. December reached 631Ac before the DOT
tom was reached, and though covering by
shorts became fairly Heavy at that price, the
market recovered very little. Late in the
session cables showing strong continental
markets stopped the liquidation in degree,
and from then to the close the market was
steader. Paris showed an advance OF 80
centimes and Amsterdam and Berlin also
showed good advances. Seaboard claimed 40
loads for export. December advanced irregu-
lary to 637sc, and closed at that price bid.
Corn was slow all day. There a fair
amount of buying of December against cash
sales, but not sufficient to sustain the mar
ket prices ruling slightly lower all day.
sympathy with wheat the principal fac
tor. Receipts were liberal-S54 cars. Export
sales were reported at 60 loads Country Of
ferings to arrive were light. December rang
ed from 29A d29Bc to 299sc, and closed 40
Nc lower, at 1880.
Oats were dull and weak. Attempts to take
profits and poor demand caused a material
decline In prices. Weakness Of wheat
responsible for good deal of selling. There
was a good cash inquiry and clearances were
large Receipts 404 cars May ranged
from 227sc to 225sc, and closed 229s@2294c.
Provisions showed independence of grain
market, and though the market was inactive,
with the exception of short time before the
closing, prices were well sustained. Yellow
fever talk apparently had no effect Packers
were good buyers of ribs. Trading was main
ly local December pork closed TIC higher
at SS.2S1A. December lard, 1Oc higher, at
A.S5, and January ribs, TIC higher. at $4.771k.
Estimated receipts Saturday: Wheat, 225
ears; corn, 500; oats, $50; hogs, 1900 head.
The leading futures ranged as follows: