The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-30

CHICAGO, Aug. 29.-Frost scared the
grain shorts today, and as a result there
were 1alr advances all along the line AS
a a. matter OF fact, there We're no frosts in
the farm country, but the Northwest was
reporting such cool weather that speeu-
lators feared possible damage bull
factor was the likelihood that September
options We're overSold, especially in oats
At the close of rather dull trading sem
tenber wheat was %@hc higher, Sep
Iember corn &c up, and September oats
advanced September provisions
closed down to 271ze up.
wheat ruled strong after momentary
eas1nesS at the opening. Gables We're
weak on brilliant weather. and Minnedpo-
rs reported decline of 1c in spot Grad
ing OF new wheat receipts at that point
was also said to be splendid. Offerings
were very light, however, and the fears
or freezing weather brought sharp up
turn; Calgary reported the tempera ture
at 30. The local crowd showed no dispo-
sltlon to sell late IN the day save for
proHls- commission houses bought fairly.
Market oversoId.
The market appeared oversold from the
enects OF the bear movement during the
last Few days of fair weather Corn
strength had a stimulating effect Sep
tefnber started 1s@54c down to shade
up. az 6Ssl @70c. and advanced to 709sc.
Late there was an easing off on profit
taxing TO f0sc. The close was firm "a "a
&c up, at 70ssc. Trading was not heavy.
Local receipts were 261 cars none of CON
tract grade Minneapolis and Duluth re-
ported 356- cars, making total for the
three points of SIT cars, against SIT last
week and 795 year ago. Primary re-
celpts We're $4,000 bu, compared to 1, 1913,
O00 bu last year. Seaboard clearances m
wheat and flour equaled SIT 900 bu The
export.
Corn felt the effects of the ina ginary
froStS even more than wheat, although the
market was very irregular. At the start
fairly heavy selling movement DEVELOPED
and September broke from 562sc to 551sc-
Lower cables, favorable crop reports and
improving receipts were the causes. Then
came fears that the cold weather would
SWoop down on the green corn fields.
Shorts were frightened. For time every
body wanted to cover, and prices jumped
quickly to 81 sc. After that trade hung
rather narrow. The close for September
was strong, &c up, at 57sc. Receipts
were 40 cars, s Of contract grade.
Oats and Provisions.
Oats shorts were scared badly at the
opening Under the rule of the board
II takes white oats of certain weight to
I'LL new style contracts. Chicago has
practically nothing Of that grade Oats
were reported damaged by rains in ILL.,
noiS and Iowa, and this, together with
the cold-weather talk, sent the shorts
scrambi1ng for cover until September
jumped from S3Ac to 545sc. Other months
was fair realizing selling movement,
and prices eased off trif1e. September
closed strong, however, q up, at 341sc
Receipts Were liberal at 354 ears, but the
tract.
Provisions were manipulated for an up
turn. but with only measure Of success
to the packers Hogs and corn started
out weak, and the former sIumped bad
". To counterfeit this influence brokers
bought freely, and the whole list had good
advances. Late there was drive In lard,
and prices fell off somewhat to irregular
close September pork closed 1Oc up. at
S1705; September lard, 10c lower, at
$40. 40, and September ribs 2715c higher
at $10.25
The estimated receipts fer tomorrow
are: Wheat. 240 cars; corn, so cars; oats,
$50 cars, and $4,000 head of hogs.