The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-27
DEALERS ON THE RIGHT SIDE OK
THE GRAIN MARKET REAPED
THEIR HARVEST
WHEAT OPENED UNCHANGED
Trading Was Light at First, With
the Professional Element Inclined
TO Sell on the Theory Tint the
Recent Advance Had About
Reached Its Climax-COrn Was
Quite Active-Oats Followed.

CHICAGO. Sept 26.-Profit-taking was
the main feature in wheat today. Corn
closed &c lower Provisions closed with
Insignificant changes both ways
Opening prices in wheat showed practi-
cally no change from yesterdays closing
figures. Trading was light al first, with
The professional element inclined to sell
On the theory that the recent advance
had about reached its climax, while COM
mission houses had fair buying orders
from the country Early statistical news
was decidedly bullish and soon after the
opening a marked falling off in offerings
took place, with an increase in the do
mand and fair advance resulted. Some
nervousness was shown by September
shorts, and the spread between Septem-
Der and December widened at one time to
l5sc. Rumors were current of a squeeze
In September and an increase of only
$4,000 in the contract stocks tended to in
crease the uneasiness of shorts. Never
theless the professional element continued
to sell, and though offerings were we'll
absorbed for some time the short selling
and proft-taking ultimately weighted
down the market and in the afternoon
prices slowly declined.
Minneapolis and Duluth receipts were
1929 cars, against 1885 last week and LIS
a year ago Chicago receipts were 25S
cars, s Of contract grade. Primary to-
tai receipts were 1,196,000 blu, COM
pared with 1,727,OG0 bu a year ago.
Atlantic port clearances of wheat
and -four aggregated $4,000 bu. The sea-
board reported 800 loads taken for export.
Bradstreet's report on the worlds visible
made the increase 3,354,000 bu. This was
much larger than looked for, and the
market soon after its announcement, be
came weak with increased general sell
ing Liverpool was strong and 3s02sd
higher. This had considerable influence
on early strength. December opened
shade lower, at 7314G73$sc 1t advanced
rregularly to 7334c and later declined to
7Sc, closing at that price. September sold
between 74c and 759sc and closed at 74c.
Corn was quite active The market
early was strong, principally in sympa-
thv with wheat There was plenty Of
long corn for sale, holders of December
and May especially taking profits. Sep
TENDER was offered literally at 36c by
concerns supposed to be big holders. The
market was heavy late In the session,
with prices gradually declining under lib
eral selling Receipts were LIS cars.
December ranged from 30c to 3O9sc and
closed 1sc lower, at 3Oc. September ranged
from 34c to 35c and closed 13c lower, at
341Rc.
Oats, in general way, followed other
markets with a good sized trade. Early
a good advance took place on good gen
eral buying, but later profit-taking, which
started with other markets, resulted in a
loss of all the advance. Receipts, 21S
cars. The cash demand was good, and
200 600 bu were taken here for shipment.
Provisions in the main were firm, with
fair trade Heavy sales of lard for ex-
port were reported, which made packers
arge buyers Of October product and re-
suited in a steady market all around.
There was a disposition to sell January
on the small rallies. At the close Janu-
l,y pork was unchanged, at 1915; Janu-
,rv lard. 21b@5c higher. at S. 55@5 571b;
January ribs, 219c lower. at $50.
Estimates for Wednesday: Wheat. 1853;
corn. $50; oats, 223; hogs. 49, 600 head
The leading futures ranged as follows:
Open HIGH Low Clos