The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-03
The Wheat Markets.

CHICAGO, Sept. r2.-The Northwestern re-
celptS today, together with prediction of
large yield in Nebraska, forced prices lower
IN the WIeat pit. September closed 1H01Mc
down, and December lost sc. Corn declined
iSI1sc. oats are Ac lower. Pork left off
Iz52c down; lard 7KQ10c and ribs 712c.
In the hguTat!ve language of wheat
spectators, the heavy receipts at Minnearolis
and Duluth gave bullsh feeling a black eve
IL dld not matter that Liverpool reported I'd
ADVANCE IN the prce of futures or that New
York sent word of numerous acceptances of
iast nights offers and that France was again
bidding for wheat. The market here found
sellers IN the majority at the opening and
generally throughout the forenoon. Septem-
Der wheat had sunk into the restful condition
usual with active trading month that has
0utilVed Its best days and entered the thirty
last days of its earthly career. 1t was heard
from only at long intervals, and chiefly owed
It's occasional awakening to some eIevator
mans broker offeIi@g it for sale as a bedSe
against wheat bought in the country. CHI
caeo receipts were only 176 cars and only
were contract H,c The Northwest, however, re-
ceINeu 546 cars against 46S a year ago and
the aggregate at Western primary markets
was ever 200,000 bu in excess of those on the
corresponding day a year ago.
a Nebraska grain dealer association issuad
a circular making an estimate of from As OlO.-
OsO 10 9o,tOOC0 as the size of tie wheat cron
crop a heavy one but according 10 the CO..
ernment report the Nebraska wheat cro5 op
1sg! was only 27.45),CO0 blu. VI
Iouays estimate gave the market another
black eye. so that both optics got damaped
during the ses zion. Saptemb oIennd se at
64Ac, decli5ed to 63 and closed at e33sc Inv
ers' december sarted unchanged to &c lower
at 62Kc flImed up to 6ZAc, gradu9Ily de-
cllned to 6lHc, and closed 61AG6l%c.
Corn rather impressed its own cherac+or
upon the wheat market yesterday but to1av
cond lions were reversed. Wheat being beavVy
II weighed upon corn and helped to cause tbee
heayineSs shown by the latter. Some of the
leading longs in corn appeared to see reasons
Independent of the weakness in wheat wbI
corn was no longer the valuable commoIity
in their eyes 1T appeared to be YESTERDAY
good many dumped their holdings and Of
course there were several watchfuI hears
around tie Fit ready to take advsntaee Of
wavering in the ranks of their oppo9ents
December opened unchanged at 31m911Lc.
held steady for a few minut S at S1Ic tb hsu,
began to drop. and continued on the dow
grade to the close by which time il was
30IAc bid. " was
Oats dragged along after corn and wboo+
going down the ladder step by step until near
the close, wren there was a droD of 9 Or .
rounds az once. There was a battar cssb
demand and larger lots were bsing worIad
May oats opened unchanged at 22K declined
to 213sc and closed at pc.
Provisions yielded some with grain. The
decrease in the stock of lard Is 0CO tterces
was disappointingly small. The mafket snf,
fered somewhat for lack Of orders, the pubi'c
taking very little interest. Decemb-r rort
opened 21zc down at $SS7b rose ia e. co
OFF to 1915 and closed at SIS. 77b. October lara
began 2iAe off at $5.07l505.10 up to s. 1917
then weakened to $5.02R buyers the CLOSING
pr,ce' october ribs stared unche ngel at
$S.Ss.13 improved to $5.371aq5.4O, and declined
10 $3.50 BUYERS at the close.
ESTIMATED receipts for tomorrow are