The Saint Paul globe., 1899-07-14
Close. day.
September wheat, Mini polls 7O7s 7Oas- IL
September wheat, Chicago ..7S$s-h 1878
September wheat, New Y .7S12 1875
September wheat, Duluth. ..7S12 1873

CHICAGO, July 13.-The absence of de-
mand for cash wheat and heavy grain
arrivals from Russia was the principal
factors for the decline in wheat today.
Corn and oats suffered from good crop
prospects, corn closing sc lower and oats
1sc lower. Heavy realizing in provisions
caused closing decline OF 212@5c.
Wheat opened weak and lower at 1910
7S5sc for September, compared with yes
terday's closing price of 73Bc. Consider
able disappointment was shown over the
Indifferent tone of foreign cable to yes
terday's advance here. This, with large
movement of wheat in the Northwest,
seasonable weather and rather bearish
summary of the Price Current caused
considerable liquidation and further de-
cline to 1850 occurred. This was around
put price and buying against those privi-
legeS arrested further decline. Some sec
tions, of the Northwest reported too much
rain; others excessive heat, while North
Dakota reported grasshoppers doing con-
siderable damage to the wheat fields This
started a buying movement both from
local operators and the outside, and the
highest price of the day resulting, Sep
tember reaching 7415c and held for some
time at about that figure.
The absence of demand for cash wheat,
unnoticed during the morning, became
a decidedly weakening feature in the sit
uation in the afternoon. Berlin advices
were to the effect that Russia was Of
fering rye and barley heavily for fall
shipment. AS this was contrary to pre-
vious Russian advices, the news was rather
discouraging to holdings and started liq-
uidation which became heavy toward the
close September gradually declined to
F314@733sc, but rallied under shorts COW
ering to 731bc, which was the closing price.
Minneapolis and Duluth received Ala
cars compared with 81 the year before.
Chicago receipts were S4. Aggregate re-
ceipts at Western primary points amount
ed to $4,000 bu, compared with 175,000 a
Year ago Seaboard clearances Of wheat
and flour were equal to 773.
Corn was moderately active and weak,
following closely the fluctuations of
wheat: There was free selling by elevator
interests and scattered realizing by out
side interests. Buying was scattered and
mostly local. Weather was favorable, and
the receipts continued large. The ship
ping demand was good, but New York
bids were mostly at unworkable prices.
Local receipts 614 cars. September rang
ed from 34c to 343sd3414c, and closed ga
12c lower, at 34c.
Oats were firm and higher early, a good
cash demand sustaining prices in the face
of decline in other grain markets. Later
the market weakened somewhat In sym
pathy, but support was good, and the de-
cline was slight Crop reports were fav-
orable. Local receipts were 221 cars. Sep
tember ranged from 2O2sc to 2034 @cO7sc,
and closed 1sc lower, at 2012c.
Provisions were active and irregular.
The market advanced sharply early on
a good general demand owing to mod
crate hog receipts and higher yard prices.
Later a heavy realizing movement car
ried the prices steadily downward. The
close was steady at slight declines, Sep
tember pork 21hc lower, at 1920; Septem-
Der lard PIC. at $3.50; September ribs SC
lower, at $5.25.
Estimates tomorrow: Wheat 90 cars
corn, $50 cars; oats 225 cars; hogs, 24,OO(
head.
The leading futures ranged as follows: