The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-15

CHICAGO, Sept H.-Heavy primary
ceipts and indications everywhere of a
rush of wheat this way took the life out
of wheat bulls today and depressed prices
about nc. The impression prevailed that
there had been private settlements of all
important September shorts. September
corn was firm and closed 1sc higher, but
later deliveries were heavy. Oats closed
unchanged and provisions unchanged to
TIC lower.
Uncertainty in regard to the September
wheat situation made wheat rather fever
tsh at the opening, and for a short time
really large business was done. Gables
were strong and higher, and this and yes
terdays bulge in September, due to the
elevator fight gave a tone of bullishness
to trading that was reflected in slight
opening advances. in the deferred flu
lures. The bullishness gradually disap-
peared when Weare, who was so promi-
nent in yesterdays September DEAL was
seen to have considerable September to
sell. This at once relieved the tension in
that direction. and the premium over De-
cember gradually disappeared altogether
RUmors O. private settlement Of Septem-
Der amon5 big shorts were current, and
that gave rise to the belief that the con-
gestiOn had been relieved. The inclina-
ton among local professionals was ap-
parently to sell, and support came prin-
cipally from the outside most of the
commission houses having buying orders
early The September tension once re-
heved, the market became exceedingly
dun.
New York reported good acceptances
OF last nights cable offers, and the
Northwest reported an excellent cash de-
mand, but the market in a general way
showed heaviness until the primary re-
ceipts were posted, when positive weak
ness developed. Total primary receipts
amounted to 1871, 900 bu, more than were
received a year ago by about $4,000.
Weakness was Increased when Minneap-
oils and Toledo reported Chicago ee-
vator people buyers of cash wheat in
those markets, a1dSI during the latter
part of the session a good deal of long
wheat came onto the market. Minneap-
oils and Duluth receipts were $40 cars,
against 739 last week and PA year ago.
Chicago receipts, 147 cars, only one of
contract grade. New York reported thir-
ty loads taken for export. Atlantic port
clearances of wheat and flour amounted
to 100000 bu. There was little shipping
demand for wheat here
December opened Il shade higher, at
T15sGn12c. 1t advanced to 71Ac, then
sold down to 70%c. closing at 7OMG707sc.
September opened at 72@72Ac and de-
clined to 707sc, closing 12c lower, at 703sc.
Weare was bidder for September late in
the session, which caused the rally in
that option. Large purchases of wheat
at Southwestern points for shipment to
Chicago were reported.
Corn was irregular and fairly active A
feature was the strength of September,
growing out of the recent strength of
September wheat and the small stock of
corn, which made shorts inclined to get
out Prices advanced sharply, but heavy
liquidation by longs followed nearly all
the advance being lost. The market was
rather easy late in the session following
wheat Receipts We're $50 cars. The cash
demand was poor, business being restrict
ed by the high lake rate. December
ranged from 2S1ac to 2S24@2S7sc and closed
a shade lower, at 2S1k @2S5sc. September
sold as high as 32Ac and closed Ac high
er, at 313lc.
Oats were dull and Independent fea-
lures were lacking. Prices were up 80
&c at one time, in sympathy with other
grain markets, but later this was lost.
Receipts, 316 cars. December ranged
at 2G7sc September sold at 211ac and
closed unchanged at 211ac.
The market for provisions was neglect
ed. There was some firmness early with
the higher hog market and the good cash
demand but the market sympathized
with the late weakness OF wheat and corn
and the slight advance was lost. At the
close January pork was a shade lower,
at $9.5212G9.55; January lard unchanged,
at $5.471A, and January ribs shade low
er, at s495.
Estimates Friday: Wheat, 125; corn,
g75; oats, 3S5; hogs, $4,000 head.
The leading futures ranged as follows:
IOpen-fHigh-I I,oW-I Clos