The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-04
WHEAT TOOK 4 SLUMP
REALIZING ON POSSIBLE WAR
IN TRANSVAAL
HOLDERS TOOK NO CHANCES
AS 81 Natural Sequence the Close
Was at Reduced Figures-C"bles
Were Disappointing, Liverpool
Being Up SightIy-There Were
Were Not Held Long.

CHICAGO. Oct 3.-Uncertainty as to
the TransvaaI situation kept grain mar
kets on the board of trade in a nervous
condition today and resulted Ill a good
deal of liquidation December wheat
closed 5sd$ic lower, May &c, December
corn 44c and May corn sc lower. oats
unchanged to shade higher. January
pork cIased &c lower, January lard 245c
under and January ribs &c lower.
Early T1ansvaal advices containing
nothing to increase the apprehension OF
war, wheat opened easier, December at
47h@41ssc and May at 77lsdW%sc. Those
who had rushed to cover during yester
days scare sold moderately.
Gables were a disappointment, Liver
rool up only Ad, while consols showed
an advance An advance set in following
a report that hostilities had already be-
gun There was a strong outside demand
and the early sellers again bought to
cover their first sales Under this I'M
pulse December assembled to 74124I49sc.
The advance was not held long. The ner-
vous feeling resulted in more selling and
the price slumped to opening figures. Inc
last advance of the day carried December
to 74S4c but this was also lost, the price
sliding back to 137sc, low mark for the
day and closed at 74c The break was
due largely to the big increase in North
vest elevator stocks, 100000 bushels
compared with 3,4990 900 increase in Sep
TENDER Of last year. The announcement
of this served as a signal for a lot OF
selling and the war news for the time
being was ignored May opened at 171sGD
77@sc ranged from 1864 1t761sc to 7734Q1t1sc
and closed at re.
Chicago received 1876 cars, eight of con-
tract grade. Minneapolis and Duluth re-
ceiNed 1,l5O cars, as compared with 92)
last week ana 1909 the corresponding day
Of last year Receipts at primary West
ern points We're 1,2S5009 bushels, de-
crease Of 100000 since last year. Atlantic
port clearances in wheat and flour were
equal to $4,000. New York reported thir-
ty-tWO loads taken for export.
Corn held strong the greater part Of
the day, affected principally by the
TIansvaal political crisis. At the opening
December corn was a shade under yes
terdays close at 1914 030ssc. The cereal
responded to the war bulge and sold for d
TINE at 1890, easing off in sympathy with
wheat and large receipts and an increase
for the week in contract stock of 1852. 600
bushels, closing at SO1sM3014c for Decem-
Der and Gysc for May. Receipts, l 1852
cars.
Oats held firm, Influenced less by the
war news and breaking less severely on
the turns December opened a shade
under yesterday at 25}sc and at one time
was 1@%5c over yesterdays close, but this
was lost and the close was unchanged
from the opening. The general demand
was good and deferred futures were es-
pecially strong. Receipts, 49, cars
Provisions We're dun market \ de-
crease in the stock Of lard and ribs early
caused some buying, 5ut the market cas-
cd of in sympathy with grain and pack
er5 sold. Hogs were down, $4,000 being.
received. January pork closed nc lowe,
al S&'1I2; January lard 21205c under at
S5,1zi- 4365, and January ribs sc lower at
S5.l0
Estimates tomorrow: Wheat, 1S5: corn.
6.5; OATS, go; hogs, 5000.
The ie21d-ns futures ranged as follows: