The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-09
WHEAT Was HIGHER
BAD REPORTS or RUSSIAN CROP
HELPED THE BULLS MA
TEREAI4LY
CORN LOST AND OATS GAINED
Heavy NCrthVvestern Receipts
Served Toward NeutrnIizing TIE
FIrnncSs with which Wheat
Started in Observation-Disclosures
ness of Corn shipping Demand
Weakened That Cereal.

CHICAGO Sept. S.-Bai reports of the Rus
sian wheat crop and heavy export shipments
for the day, together with fresh sales Tor
export at New York gave strong closing to-
day TO a generally firm wheat market. sep
tCmEer leU off 5slQ@4c higher, and December
Iose So c. Corn lest 1sc, oats are up &c.
Provisions firm, Fork advanced zoe, Ian ll12c
and ribs lie.
Heavy Northwestern receipts of wheat, a
knowledge Of which was in possession OF the
traders before the session opened, went
long way toward neutralizing the hrmness
with which wheat started at Liverpool. Re-
cent heavy and quite steady decline and COM
paIatiyely low price 10 which wheat had al
ready sunk, howe er, apparently made friends
Tor the ain, and restricted the ardor or the
bears. Chicago received 227 cars, against 255
a year ago, while the receipts at Minneapolis
and Duluth were go carloads, compared with
6l2 ears last year. Liverpool, notwthstand-
ing yesterdays decline here, was I'D higher
for September, and 1sd lower for December
reports concerning the Russian wheat crop
were quite bulliSh from a market point Of
view, as disappointing harvests were the gen.
er5I tenor. So far this season the movement
OF new wheat in Russia has been small
CROUCH to give what appears TO be corrobOra-
ton Of the poor crop reports from that coun-
try.
Wheat futures were additionally strength
eHed near the close by a dispatch from New
York TO the effect that Russian grain eXpor-
tiers who had sold " heat for shipment in Sep
tcmber to the United kingdom, were trying to
have the contracts cancelled, presumably be-
cause of difficulty in getting the grain. 1t
was also stated that 80 boatloads had been
worked for export at New York and 1000 bu
were sold fer shipment from here. Receipts
at Western primary markt Is were 1,154, 600 bu,
compared with 2>9,O00 the previous year.
September opened lsc higher at &c, weak
ened TO 6l7sc, improved 10 623s, and closed at
62l@G5sc. december started unchanged to 1sc
up at GQ%c sold off to 60G1sc rose to 60& q
&c and closed at 6024c sellers.
Spectators in corn were for the most part
bearish on account of the listlessness of the
shipping demand. Prices were steadied some
what by the stIeIg, h of wheat and predictions
of frost in Iowa tonight. The market rul-
cd heavy, however the se5mir ely strong sFots
in it proving to be only a delusion and a
snare for the bulls. The small receipts, COM
and heavy shipments from the seabOard were
equally disregaTded. December started
changed al S01sc, sold up TO 30AGAc, weaken
ed to $3.50, and closed at soc buyers.
Oats followed wheat. There fair
amount of business transacted, but the range
inquiry for cash but bids were just enough
CUT of line TO hinder The working of any lines.
May opened unchanged to 1sc higher at 215sO
&c; declined TO 2Il2c, then frmed up to 21Ac,
the closing figure.
Provisions made further recovery from the
effects Of Tuesdays yellow fever shake-out,
and ruled strong. The strength was founded
On the healthy legitimate basis of an excellent
demand for the cash ari1lS. December pork
opened sc higher at $S45 and advanced to
IS GO, the closing figure. Dec 2mber lard start
Cd unchanged at 81 S7l2 and sold UP to $5.C5
at the close. October ribs began DC up at
500, weakened to $5.l5, then rallied to So. 30
sellers, the closing fgCre.
Estimate receipts for tomorrow are: Wheat,
$50 cars; corn, go cars; oats, $50 cars hogs,
1900 heI d.
The leading futures ranged as follows: