The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-22

CHICAGO, Sept. 2.-Wheat was strong to-
day at the opening and weak at the close.
Heavy outside buying and large export sales
were sustaining influences, but realizing by
professional local holders proved too much
for the market to stand up under. Decem-
Der closed at Hc Decline and September %c
lower. Corn was easy, but lost only a small
fraction. Oats were strong under covering
by shorts, and advanced 1s@2sc. Provisions
were dull and weak, closing 2h910c lower.
Wheat strong at the opening. Decem-
Der which closed yesterday at $3.50, started
today at 632s06Sl3. and advanced in a few
minutes to 6S5sQ63%c. A slight reaction then
took place, the price dropping to 63AQ637sc,
but the market almost Immediately turned
strong again, before selling became
heavy enough 20 affect prices December had
advanced TO 6S7sc. September, though mac
tive was also very strong, opening 12c high
er at SIC, and advancing to 6712c higher at
&c. and advancing to 67Rc.
The main feature of the strength was the
heavy buying of prominent st. Louis spec
ulator, his purchases during the first hours
trading being estimated at 100000 Blu. The
character of the new rather encouraging
to buyers. Minneapolis and Duluth receipts
were 912 cars, against 91S last week and $50
a year ago. Chicago receipts were PIP cars.
Liverpool cables showed strength in that
market, and strong continental demand for
wheat was reported at prices higher. Duluth
reported cash wheat in good demand and 12c
higher.
After the first hours trading the market
began to weaken. Offerings became much
heavier and general. nearly all of the local
hOlderS who have been buying for several
days putting wheat the market. Later
Liverpool cables showed some of the advance
TO be lost. Atlantic port clearings were mod
crate. $4,000 bu, compared with yesterdays
heavy clearings this amount not very
encouraging. gradual decline took pace
December getting down to 633sc Here an
other buying furry developed sending the
price back to 6S7sc, but bidders at that price
were deluged with offerings, and the price
quickly broke TO 63lsc
For some time the market 1uctuated zap
idly within a narrow range under active
scalping, but did not develop any real
strength again until near the close when
wheat had been worked for export rallied the
December price suddenly to 6314c. 1t dropped
again to 6S4c, and closed rather nervous at
that figure September sold as low as 66hc,
and closed at 66l2c.
Corn was dull and heavy. The market
showed strength around the opening but this
was largely in sympathy with wheat. There
was some changing from September to De-
cember. The country reported selling new
corn to arrive in November and receipts
were 4S9 cars. Clearances were small and
cash demand slack. Market became easier
late in the day and closed rather weak. De-
cember ranged from 29%c TO 295sc, ard closed
= shade lower at 295s6294c.
Oats were strong, notably for Septem-
ber and the volume of trading was consid-
one or two leading commission houses and
offerings were light Cazh demand was god.
Receipts were 272 cars Market felt the late
wheat break, and best prices were not main
tanned. May ranged from 225sc to 223sc, and
closed 15c higher az 2112c September closed
&c higher at 211ie.
Provisions were again very dull, and with
the exception OF slight show of strength
cary in the session, rather weak. Cash de-
mand was good, but yellow fever talk had
a depressing effect Packers were moderate
sellers OF ribs. Speculative demand was
light. December pork closed loo lower at
$.l1l2; december lard sc lower at $4.72KGD
4.75, and January ribs 21ac lower at $4.67L.
Estimated receipts Thursday: Wheat zoo
cars; corn: $50 cars; oats, 300 cars; hogs,
$1,000 head.
The leading futures ranged as follows
Open. High Low Clos