The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-08

CHICAGO. Sept. 7.-EXpectations of big re-
ceipts. together with a declining corn mar
ket today weakened wheat. After an early
rally September closed 1sc lower, and De-
cember la0esc. Corn lost asqAc. Oats de-
clined Ag%sc. Provisions ruled strong, pork
advancing 2l2c; lard declined loo and ribs 10
Wi252c.
Liverpool cables were rather disappointing
and that, together with the weakness DIS
played by corn, started wheat lower. The
receipts in the Northwest were smaller and
the markets in that quarter were firm. That
resulted In a gradual change OF sentiment
here and there was some buying for the long
account which finally started shorts cover
Ing and materially helped the price The
feeling among the bulls generally was that
the market had had nearly everything against
Il Of late and yet had been so stubborn as
10 indicate that it possessed a good deal of
inherent strength. They argued that prices
We're more likely to rally than to meet with
as a rule took the long side. Advices from
Minneapolis said the movement there for
the next three months would be on an in
creased scale. That, in addition to the declin-
ing corn market resulted in cooling the ardor
OF the bulls and under realizing and short
selling the price generally declined until the
early gain was more than lost The market
closed near the low point for the day. There
was very little demand for spring parcels
here, and such bids as came to hand were
at reductions and unavoidable.
Minneapolis and Duluth reported $50 cars
received, compared with 512 the correspond
,sng day Of the year before. Total Of the
Ne-lAS 1T " e5leTD primary markets was 10TH,
go Du, against ,563 900 blu last year. EX-
ports from Atlantic ports were equal to 490,
900 bu-
September opened Ac down, at 61%4c ad-
vanced to CSC, sold off to 615sc, and closed at
6lSc buyers. December started AQ3sc lower,
at 60laq603sc; rose to 607sq61c reacted to sos
G60hc, and closed at 60AG6O9sc
The failure of anything like damaging
frosts to make an appearance in the corn
belt last night and predictions Of generally
warm weather weakened prices in the corn
pit. Shorts who had covered up yesterday
serious one resold and there was q good deal
Of liquidation of long property. Prices con-
tnued to sag all day, and the close was near
the bottom point Of the session. December
opened &c lower, at 30M G30hc; declined to
soc. and closed at BOISE sellers.
There was a good bushes done in oats at
lower prices Corn was followed almost all
the time, but the losses were not nearly 50
large. May started unchanged at 21A@22c
and declined to H9sc buyers, the closing fig
ure.
Good general buying by packers, with the
English concerns leading strengthened pro-
visions The cash demand continued good
for all descriptions Of hog products. Deem
Der pork opened unchanged at S8.S7h ad-
Tanced to $3.50 and reacted to $40, the clos
ing price. October lard began unchanged at
S47215, weakened to $4.6740470 improved to
$4S5 and closed at $4.S2h sellers. October
ribs closed at $5.15.
Estimated receipts for tomorrow are:
Wheat; 200 cars; corn, S75; oats, 300; hogs.
&c 600 head.
The leading futures ranged as follows: