The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-06

CHICAGO, Sept. 5.-Grain SPECTATORS
became excited today over the possibil "
OF rain in the unripe grains tomorrow, in
spite of the fact that the weather map
indications were very favorable While
conservative traders scoffed at the incon-
sistency with which the markets rallied
today, whereas yesterday they slumped
when frost was on the ground the result
OF the days trading was good gain all
around. The probable reason for this was
that the bulls did have very. good plank
grading of receipts at this point. At the
close December wheat closed a4@Mc up;
December corn 7a@9sc higher and De-
cember oats ssc up. Provisions closed
There was brisk demand early in the
wheat pit, largely from the outside. Com
mission houses bought literally and there
was good support under December OPP
lions.
More Frost Talk.
Much of the. talk on the bull side was
Of the fear of frosts in the Northwest.
This was supposed to be the principal
cause of the up-turn, but steady cables
lighter receipts and bad grading helped
was bullish and there was no selling
pressure present. After the early bulge
the market was inclined to dullness, and
prices Huetuated very narrowly. Sep
TENDER sold from nc to 72a4c and closed
Bc higher at 721s @725sc. December start
ed nc to sc up at 6SA @683sc, and sold
to TO-, 69c. : closing strong. y @%c higher at
6SA @eS%c. Local receipts were 15S cars,
Duluth reported 400 cars. making a total
for the three points of 558 cars, against
6l7 last week and 1,oS0 last year; Pri-
compared with 1,426, 900 bushels last year.
Seaboard clearances in wheat and flour
equaled 500. 900 bushels. Argentine ship
ments duplicated last weeks at $4,000
bushels, compared to $4,000 bushels a
year ago.
Corn had a large trade early and the
market advanced strongly on general de-
Shorts wanted stuff, the outside was on
the bull side of the market and for a time
business was brisk. Some reports had
it, however that there was NOT much
first. quick up-turn the demand fell off.
locals offered freely and prices dipped
back somewhat.
Favorable Weather Map.
Gables were steady and the weather
map was favorable for today. September
had fair advance, but not much of
trade Late business was poor at a fair
advance from yesterday. September sold
at $3.50 and closed a trif1e firm at nc
ADVANCE at CSC. December sold from 42%c
70 43Sc and closed firm, *@%c up at
43A @43Sc.. Receipts were poor at Sc
cars, only four of contract grade
Oats We're influenced largely by the
same conditions that helped other grains
AAiOt pio eilAiOuSiy lOI september early
on the very poor quality of receipts. Prof
it-taking late in the day brought recess
sions, but the close was firm. Septem-
351sc. December sold from 31Ac to 315ac
and closed firm, &c up at 313sc Re-
celpts were 292 cars, five of standard
grade.
Provisions felt the strengthening inf1u-
ence of sharp up-turn in hog prices.
Receipts were also a bullish factor. Trade
was fairly active early, but a little SELL
gains. January pork closed Toe up at
Sl5; October lard and ribs both closed 1Oc
UP at respectively S9.771a and $500
The estimated receipts for tomorrow
are: Wheat, 200 cars; corn 1856 cars; oats.
$50 cars, and 5000 head of hogs.
The leading futures ranged as follows: