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

CHICAGO, Sept. 8.-Wheat was heavy
today for the deferred futures and COM
paratively steady for September. Ele-
vator competition helped the latter,
while futures declined A@asc on the
heavy receipts and light demand. The
break in the drought cut 14c off the price
of corn. Oats closed about 1sc lower and
provisions 5Q15c lower.
Heavy receipts in the Northwest and
Indifference of foreign buyers were influ-
ences at the opening in wheat which
caused an initial decline of AQ3sc, and
which resulted In a heavy market
throughout the entire session. Early
Liverpool cables showed about 1sc de-
cline and reported very slack cash de-
mand there. Heavy receipts at Russian
ports were also reported and Argentine
shipments were liberal. The fact that
the Transvaal situation did not improve
the foreign demand apparently brought
traders back to the old basis Of supply
and demand, and the continued large re,
ceipts at primary points and the small
cash demand here resulted in more or
less liquidation by longs in all the de-
ferred futures September, however,
was in good demand from elevator PEG,
pie. At times there was brisk competi-
ton from that source, and prices were
steadily maintained
Shortly before noon a more rosy as.
pect was given the Situation by reports
of good export engagements at New
York, and by the more serious tone OF
Transvaal advices. This resulted in
contradiction Of the selling movement
and induced some covering by shorts, a
slight rally in prices resulting, but by
noon the market had fallen back into
its old rut and the slight advantage was
soon lost. The real feature of trading
was it's extreme narrowness. Prices all
day kept within 1ac range, and trading
was almost entirely at a standsttll.
Heaviness prevailed to the end.
Minneapolis and Duluth receipts were
S25 cars, against 565 last week and S44 a
year ago. Chicago receipts were 81
cars, two of contract grade. Total pri-
mary receipts were 10 900 bushels, COM
pared with 1,35100O a year ago. Atlantic
port clearances of wheat and flour ag-
gregated $4,000 bushels. New York late
in the afternoon reported rs loads for ex-
port. During the latter part Of the ses-
sion about the only support the market
received was buying against puts, which
were touched early in the day. Decem-
Der opened A@3sc lower at Those. 1t
declined to 71@11sc, reacted to 711Ac, and
declined again to 71A@3sc, where 1t
closed. September sold as high as
T05sc and closed unchanged at 70sc.
ing of the drought throughout the corn
belt and cooler weather helped the
bears, and brought considerable long
corn onto the market, resulting in a
gradual decline in prices. Receipts. 600
cars. December ranged from 2S1a928Bc,
and closed sc lower at 2S3sc.
Oats acted Independent of other grain
markets. Some easiness was shown in
September, but deferred futures were
steady and in good demand. Receipts,
1923 cars. December ranged from 20H0
203sc to 2O1202O5sc, and closed shade
lower at 2O3SQ2O11c September closed
1sc lower at 21Ac.
Provisions were slow and weak. There
was steadiness early on the firm hog
market and on the continued cash de-
mand, but later In the session there was
quite general realizing and prices de-
clined all around. The close was heavy;
October pork 15c lower at sS.O71a; Octo-
Der lard 71ac lower at $5.2712, and October
ribs 5@711c lower at $5.2714@5.3O.
Estimates Saturday: Wheat, 100; corn,
lis; oats, $50; hogs. 1900.
The leading futures ranged as follows:
IOpen- High Low-I Clos