The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-09-23

CHICAGO. Sept. Z2.-Todays wheat
market showed the effect of yesterday
failure OF u lea4ing bear HrIn Rehef
from the heavy selling pressure from
that source was a big factcr in the al
vance Of 115c, which marked the close
in Dece rnber. September closed &c higher.
Higher cables ard & Big export demand
were influential in the advance. Corn was
strong on a big export demand and
c-osed sage higher. Oats advanced asW
&c and provisions closed sc lower to 112c
higher.
" neat opened firm at shade over
yestctGay's closing price for December
-cu4h there were periods of reac-
ton. the gen nral tendency of the mar
ket was up1 ard to the close. AT The
start bushes. was rather SLOW, but with
buyers in the majority Liverpool was
up sad, pal tly en- the good spot &c
maud 1T that market, and partly on the
critical state OF fairs in the Transvaal.
Primary receipts were large, but clear
ances were also heavy, and early i'll the
s, seicn 4 good export business was indl-
Gated. The main feature Of the strength,
however, was the elimination OF the
heavy selling pressure pat on the market
by the firm whose suspension was an
nounced yestei day. a good deal of
strength was suggested by the great
amount Of wheat the market had hb-
sorhad from that source without any ma
teriaI decire, and Il impressed 5pecu-
latCrs to considerable degree. Good
buying was done by the local crowd, but
outside supp ,ort WIS also prominent.
The strength shown by tie coarse grain
markets also made its Influence felt later
in the session. Trading gradually broad
ened, and during the afternoon was quite
active, with prices steadily advancing.
The market Cot considerably over call
price, and there was Il good deal Of sell
ing against those privileges. but every
thing offered vas IeadiIy absorbed. One
OF he largest eXpor, houses in New York
reported that the general acceptdnces Of
offers of wheat to foreign points were
better than at any time since the Letter
deal. That any offers were still some
what under the market was shown by
export ems agements of but 90 loads.
Most of The statistical news was bear
ieh, but i. had little effect on the mar
lct. Argentine shipments were large
1852 600 by Minneapolis and Duluth re-
ceived 94S Iars, against 1.022 last week
and 955 yea1 ago. Chicago receipts
were 145 Jars, q of contract grade.
Total pria airy receipts were 1892 900 bu,
compared with 1,O69;O00 bu year ago.
Atlantic Tort clcarances of wheat and
-four ametmted to 600 bu. December
opened al 717sG72c. 1t sold at 1AQ71%c
Immediately after the opening, then ad-
vanced steadily to 73c and closed firm and
101ikc his her at 727sGt73c. Almost nothing
was done in September Offerings We're
light and but few bids were necessary to
advance the price &c. 1t closed at 74c.
Minneapolis reported more -four sold this
week than has been sold recently In a
month.
n lott
Brokers were all we'll supplied with buy
ing orders, and prices advanced sharply,
with December in the lead. The cash de-
mand was large, with foreigners accept
Ing literally for shipment of the new
CROP. The wet weather was expected to
restrict country movement, and stocks of
cd corn vera reported low The sea-
beard reported nearly 100 loads taken for
export. Shorts were largo buyers on the
rally. Receipts were 7S3 cars. December
ranged from 2@Ac to 301sc, and closed at
G0lsc, &c higher.
Oats followed the lead of other grains.
The market was strong all day, with a
good general demand and shorts covering
freely. A good cash demand was re-
ported. Receipts were 2SG cars. Deoem-
Der ranged from 22lec to 222ic, and closed
&c HE her at 22%c.
Provisions were rather dull but steady.
ne hdfhet WAS helped by the strength
of grain markets and sharp advance
In meat prices abroad, and prices aver
aged little higher. English houses sold
lard moderately. at the close January
pork was 71lc higher at s57 .Ianna,H,
lard 21ac lower at $5.521k and January ribs
shade higher at $5.05
Estimated receipts Saturday: Wheat
1S5 cars; corn, 500: oats, 325; hogs 1900
The leading futures ranged as follows.
Open High Iow-i Clos
ing est oct 49,