The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-05

CHICAGO, Oct 4-Delay in the eN-
pecred outbreak of hostilities il the
Transvaal fiauened the wheat market
badly, today, and was mainly responsible
for the decline Of sole, which marked
the close Failing off in the export de-
mand was also a feature. Coarse grains
were affected somewhat by high ocean
freights, corn closing lsG3ac lower, and
oats 1lG3sc lower. Provisions declined
about 2G5c.
Weakness marked the opening in wheat.
There was a sharp drop in the Liverpool
market, consCls were up Is of a point,
while the delay in the expected on +. eak
Of hostiiities between the British and the
Beers, which has been the main pull fac
tor in this market for several days. was
taken to Indicate that a peaceful settle
ment was not altogether improbable.
This resulted in Q very appreciate d.
intuition of the outside demand, and also
shook out considerable long wheat which
had been bought On prospects Of war.
December opened at 13SsW13l2c, decline
of 5sc from yesterdays closing price.
This was we'll into put price and con-
siderable buying against those privileges
resulted. This and a certain amount of
buying by scalpers constituted about ali
the support the market received and
though it was heavy enough at first TO
as sc The market became very heavy as
soon as the demand from that source had
been satisfied and prices declined slowly
but steadily.
There was scYne selling in this market
by seaboaTd operators indicating q let
NJ in the foreign demand for wheat, and
this increased the heaViness. The mar
ket was at It's weakest toward The close,
more or account of lack Of demand than
from selling pressure, as shorts were ap-
pGrentiy adverse to pushing their ad-
vantage in the face OF so sudden and
material { decline.
Minneapolis ard Duluth receipts 92G
cars against loo year ago. Chicago
receipts We're lG1 cars, 8 contract grade.
Total primary receipts 1,SI1C00, compared
with l,9i6.G0G a ye2r ago Atlantic port
cle&rGnces of wheat and -four amounted
10 4S7, 900. The seab0ard reported 80 loads
taken for export
December declined 10 73c, ard closed
weak at .3kc. Not much was done in
May. 1t follow ed December in the de.
cline ard closed sole lower.
Corn was iuil and rather weak, and
prices ruled slightly lower. There was
some sympathy with wheat The advance
in ocean freight rates was expected TO
initiate against export business and had
It's effect on the speculative market Re
NCiPlo HtIC 4-Slil; OCV telI -, anu ItpOil Us
of diminishing supplies in the country
served to support the market to some
extent December ranged from 30 to 3)l+c
and closed &c lower at 2O030%c May
was sold freely by recent purchasers and
was weaker than December.
Oats were slow and weak. The advance
in ocean freight rates affecting the cash
business and sympathy with ether grain
markets were The factors and prices ruled
lower from the start. There was con-
siderable Dr0fit-Iaking by recent purchas-
ers. December ranged from 2z7sc to so
231sc and closed re lower at 227B023c
Provisions we're slow and heavy within
narrow limits. The hog market was
weak and there was seine sympathy with
the grain weakness. Packers were mod
crate sellers eli Gay. About the only
support the market received was from
shorts. At the close January pork was
PIC lower ct $9.75; January lard sc lower
at $5.5714Gl5.h). and January ribs a shade
lower at $5.O71AG5.1O.
Estimates Thursday: Wheat, lis; corn,
$50 oats, $50; hogs, $1,000.
The leading futures ranged as follows: