The representative. [volume] (St. Paul, Minn.) 1893-1901, 1899-09-14
CHICAGO GRAIN.

CHICAGO. Sept. 1s.-The government crop re-
but p W wheat t
in the session A large increase in the world $
cember closed unchanged and septe aaia n &c
higher; corn closed without material change.
cned 5G1oc. "' NC
At the immediate opening in wheat Monday $
bullish government crop report did not have any
appreciable effect on prices. On the contrary
the market inclined toward weakness the
bears taking for their cue the heavy Northwest
receipts offering wheat in considerable quaint
ties. The result was small declines in every
thing. 1t was evident that the government re-
port. which indicated a total crop of soms-
thing like 4s7 900 bu was not so lightly re-
garded in the country. for outside buying orders
began to stream in shortly after the opening
The buying was SO brisk in comparison with the
recent dizziness that for the time being it took
the breath away from the professional bears
rapidity. December opened a shade lower at 7IeS
INC, and reached 715sc before realizing became
SEPTEMBER opened A@Ac lower at 7o sss1ask
and advanced to 7lhc. December then reacted
prices good business done. The tone Of
the floor gradually became decidedly bullsh, the
buying and shorts covered freely. Prices kept
on ont the up grade until within 80 minutes of the
December advancing to nN@72c and September
to 7l!kc This was well in call figures but no
reaction Of Importance took place until the
posting of Bradstreet's figures the worlds
visible. showing an increase of 4ss5 600 bu. This
had an immediate effect. In the meantime shorts
had covered generally, and the selling move
ment which started found little opposition.
close, though September was given better sup
port than the distant futures. December
was the object of a determined raid by profess
sional bears and at the close all of the earlier
advance had disappeared. Minneapolis and Du-
luth receipts were 1S62 cars, including two days
receipts at .oI Duluth. compared with LAPS last
23S cars, II Of contract grade.
Total primary receipts were 400, 900 blu, against
14s2 900 bu last year Atlantic port clearances of
wheat and flour amounted to $4,000 bu. There
was no shipping demand here, but New York
reported 45 loads for export. December declined
to 71@71hc and was bringing that price at the
at that price.
Corn was fairly active and irregular The mar
ket early felt the government report, consider
able outside buying being DONE especially In
deferred futures The strength of wheat also
had its effect. Later in the day the market be-
came weak and all the advance was lost. Weak
offerings Of Kansas corn for shipment via
gulf ports. Receipts were heavy LOSS cars
The export demand was good. December ranged
from 26A @26asc to 2SSs@2SAc and closed shade
higher at 2sss@2Sisc. September closed shade
lower at 31@31hc.
Oats firm and higher. though not MAIN
port and the early advance wheat and corn
stimulated buying and caused good advances all
around The late break in other grains had
some effect but the market was steady at the
close. Receipts 522 The shipping
demand only fair December ranged from
20Ac to 21c and closed hMAc higher at 20h@D21c
bottom of a substantial decline. Hog prices
were lower and yellow fever dis
quieting. The strength Of grain markets prob
ably prevented a larger decline: At the close
October pork Zoe lower at $500: October lard
SC lower at 5221s; October ribs 5@7lsc lower at
Estimated receipts for Wednesday: Wheat 10
cars; corn. 500 cars; oats, 2eO cars; hogs 900
head.