The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-07


CHICAGO, Sept. 6.-After a week of
great weather uncertainty during which
frost scareS put good strength into grain
prices, spectators today settled down to
the belief that the warm and dry weather
at hand was enough to allay all fears OF
crop damage. AS result of this bear
1sh factor. and that of an expected big
movement in the Northwestern spring
slumped off and closed weak. December
wheat, 1c lower, December corn Bc down,
September oats INC depressed and De-
cember oats Nc down. Provisions closed
27ac higher to 211c lower.
There was a fair array of bearish in
f1uences at work in the wheat pit at the
opening. Cables were declining and gave
the advice that worlds shipments. total
sian offerings in Liverpool were the
causes. Warm, dry weather was reported
over much OF the wheat region in this
country.
Northwest Turns BearIsh.
The Northwest turned bearish and sold
Northwest Minneapolis slulnped 1hc,
and, although in seeming contradiction to
the reports that next week would see
the biggest movement in wheat in long
time, cash prices advanced &c. The
crowd of local spectators was bearishly
inclined and heavy selling by prominent
longs, both in December and May, pressed
knocked off, There were very few items
of comfort for the bulls in the days news.
Grading continued very poor and North
western and primary receipts were lighter
than last year by almost nc. Seaboard
clearances in wheat and flour were heavy
at 1,050,000 bu. These influences, how
ever, had little or not effect, save possibly
started M@Ac to a shade lower at $3.50
to 6SAc, declined to 67Mc and closed
weak. lie down. at 67N @67%c. Local re-
ce1pts were 1872 cars, none of contract
$50 cars: making total for the three
points of 572 cars, against. 594 last week
and LIP a year ago. Primary receipts
We're $4,000 blu, compared to l,S43,000 bu
last year.
The failure Of frost predicted .yester-
day, to materialize today put the crowd
in selling mood in the corn pit. With
warmer weather at hand fears for the
prices fell Of
Poor CS-tract Grading.
September was not inclined to weaken
as badly as December because of the
short interest in the current month. Con-
tract grading was still very poor, but to-
irving, with 35 pf contract grade. De-
cember opened h@Ac, a shade off, at
431sc to 43Ac, fell off 1c to 42Ac and
closed weak. Mc down, at 42as @421ac; .
induced by liberal receipts and the de-
preston in other grains. September was
sold most freely, partly because, al
though contract corn was small today,
drying was going on at a liberal rate.
Poor weather conditions In Iowa were In
fluential in holding up deferred futures.
September started unchanged to nc lower
at 35S @34%c, dropped TO 331sc and closed
weak, nc off, at 33%c. December sold
between 1880 and Bic, and closed easy,
Nc down, at 3f5Ac. Receipts were 1884
cars, Of contract grade. :.
Provisions were dull and somewhat ir-
Advancing nriCal
early upturn, which was lost, however,
on fair liquidation and Saturday evening
up. January pork closed 21sc lower at
$14. 9715; January lard unchanged at So. 40,
The estimated receipts for Monday are:
Wheat, 240 cars; corn, 115 cars; oats, $40
cars, and 21.000 head of hogs.
The leading futures ranged as follows: