The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-16
WHEAT CLOSED HIGHER
SHARP ADVANCE AT LIVERPOOL
AND DEMAND FOR CASH GRAIN
THE CAUSE
CORN AND OATS SYMPATHIZED
Liverpool wheat Shorts Were Evil
IDENTIFY Alarmed, as the Close
There Was Much Higher-The
Anxiety Abroad Was Quickly
IativeIy Inclined.

CHICAGO, Sept. ia sharp advance at
Liverpool today and a pressing demand for
the cash article here and in the Northwest
at an increased premium caused decided
rally in wheat. September closed 17sc higher
and December rose %@kc. Corn left off un-
changed to sc up. Oats are unchanged TO
1kc higher Pork declined 121a0l5c, lard 15c
and ribs 7i2c.
Liverpool wheat shorts were evidently very
much alarmed as September delivery of the
article there was l7sd higher than 1t closed
yesterday before trading commenced here.
Their alarm communicated itself to the spec
ulative brethren of the same kind in Chi
cage. the consequence of which was rise
in December of sc per bu at the start and
l2c more in the next fifteen minutes Sep
TENDER shorts were cruelty dealt with having
TO pay from lie to 2Ac over last nights close
during the time Of the above named advance
in December.
Duluth was the only one of the Western
primary markets that received anything like
what might be considered heavy receipts
The daily repetition of very small receipts
however, outside of Duluth, had at length lac
Grated the feelings OF the bears to a point
they could no longer stand The foreign de-
mand for American -four was active, and
brokers reported everything offered to the
continent accepted, and Minneapolis miIlers
also reported heavy sales. New York re-
ported heavy acceptanceS of wheat offered
from there and the shipping inquiry here
showed an Improvement. Minneapolis cash
wheat advanced 2l4c per bu. and cash wheat
pool kept adding TO the early advance in
September, and finally closed with a gain
for the day Of $3.50 per GENITAL or the eQuva-
lent OF 3lsc a bu. Chicago receipts were 1888
cars. against pol last year, and at Mnneap-
Oils and Duluth 944, compared with 9O1 a
year ago
Advices from Minneapolis were to the effect
that heavy rains of the last few days would
cause smaller receipts at country stations
Tor time. The total at all Western pri-
mary markets was Ill 600 bu. compared with
hrT fho 1fyz,r Z
Gus year. Atlantic port clearances were co.,
600 bu. The Indifference of Paris and Ant
werp as shown by quotations they cabled to
the exaggerated bullishness of Liverpool and
Chicago, somewhat cooled the ardor of the
bulls here for a time, but there remained so
much desire among shorts TO buy on every
little concession that reactions following the
moderate declines were quick during the en-
September wheat was difficult to buy and
advanced during the day from 65A at the
6i3sc yesterday. December opened hiqher
at from 63 to 63lsc, rose irregularly to 63Ac,
and closed at 634c sellers.
Corn was in disgruntled and unresponsve
mood to the encouragement it might have as
simulated from the strength in wheat. Spec
ulators who for months had tried TO coax
corr to advance were disguised at their poor
success. and appeared to contemplate the
abandonment OF a market obdurately bear
ish In the face of so many good arguments
for its being otherwise. December started
1sc higher at 2912@295sc; advanced to 295s0
29%c, sold off to 291ac, and closed at 2Sih
Q29ssc.
fairly active cash demand, together with
the rally in wheat steadied oats. The buy
ing enthusiasm however, offset by the
Indifference of corn. May began unchanged
- 1sc higher, at 22lsc; improved to 22Ac, off
to 22isc, and closed at 22lsc, sellers.
Large hog receipts and lower prices at the
yards sealed the fate of provisions for the
day. Prices were at stiff decline to begin
with and made the matter worse as the
session progressed. The latest trading was
at practically bottom prices of the day. De-
eember pork opened sc lower, at $S.571b
weakened to $S.4712, and left off at $S.47190
and sold off to $4.821a buyers, the closing
price. December ribs began 71Ac lower, at
$47712, and declined to S4.75 the resting
figure.
Estimated receipts for tomorrow: Wheat.
157 cars; corn, $40; oats, ESQ; hogs, q, 900
head.
The leading futures ranged as follows: