The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-14

CHICAGO, Sept. 15.-The features of
todays trading in wheat was the scram-
bic for September, in which big elevator
firms were involved, and which sent the
price at one time nearly &c above yester-
days close. 1t closed at an advance
Shorts in December and May took fright
al the September strength and advanced
these futures case. Corn was sympa-
theucally strong and closed lose higher
fer September and A@asc for December.
Oats closed a shade lower and provisions
advanced 212Q10c
Wheat opened dull and weak, Septem-
her at CSC decline and December 12c be-
low yesterdays close. The bullishness
caused by the government report had en-
tire1y disappeared. Foreign markets were
weakly and lower and local and North
west receipts were heavy. The market
with those conditions prevailing was APP
parently in Tor a session of dullness and
further declsAe. But shortly after the
opening some sharp bidding for Septen-
Der brought to light a condition of affairs
Ia that option that indicated war among
prominent elevator interests for cash
wheat, with the Weares and Peavey OH
one side and Armour on the other. In
August, when September was 23s0215c I'M
der December, Weare and Peavey are
said to have changed a large line, sell
Ing December and buying September.
Armour held the bulk OF the cash wheat
and is said to have sold out in the eXpec-
tatiOn of getting larger carrying charge
later Instead, however, the difference
has steadily narrowed, and efforts today
on the part of shorts to cover a rather
small line were unsuccessful. Then prices
began to jump The market suddenly
became very active, with big and little
shorts bidding for September wheat, hut
securing little until the price had been
Jumped from the opening figure of 7012c
to I212Q72Ssc. At that price elevator .peo-
pie holding the wheat let go in sufficient
quantities to relieve the pressure, but the
evident unwillingness of longs to sell eX-
cept at enhanced values made shorts de-
cidedly nervous and kept the market
stirred up during the entire session. The
strength Of September put shorts in the
more deferred futures on the anxious
seat, also, and business in December and
May was active all Gay, with a steady ad-
vance in values.
Minneapolis and Duluth receipts were
Dit cars, against TAO last week and 91S a
year ago. Chicago receipts were 1877 cars,
ii Of contract grade. Total primary re-
ce.pts were 1.327,000, against 900 a
year ago Atlantic port clearances of
wheat and flour amounted to 565,OO0 The
seabcard reported 10 loads engaged for
export.
September reacted to 711sc and closed at
that price. December opened at 1910
f38c and advanced to 75sc, where it clos
ed.
Germ was strong, though not especially
active. The strength of wheat was a fac
tor early, and later the good cash demand
and some prospects of frost tonight stiff
eped the market still more September
was especially strong. Shorts were good
buyers. Receipts, sos cars. December
ranged from 2S3sc to 2S5sQ2Ss4c, and closed
1a@14c higher at 2S9sc.
Oats declined slightly on heavy selling
by longs. The market early was firm,
with other grains, but liquidation, which
became general, made a heavy market
later. Receipts, $50 cars. December rang
ed from 207sc to Elise and closed a shade
lower at 2075c.
Provisions were weak early on a fairly
liberal run of hogs but rallied later on
the strength of wheat and on the excel
lent cash dlmand. At the close October
pork was sc higher at $S.O5; October lard
Toe higher at 1921; October ribs 21a05c
higher at $5.22E.
ESJimates for tomorrow: Wheat 1875;
corn, SOC; oats, 235; hogs, $4,000.
The leading futures ranged as follows: