The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-05
GRAIN PRICES REGEDE
THIS is BECAUSE THE FRosTs WERE
NOT HARD ENOUGH
Furthermore, Warm Weather May Be
Near-Trade In Wheat Only Fair and
the Sentiment In Corn Bearish-Littie Of
Interest Marks the Trading In Oats.

CHICAGO, Sept. 1.-The grain trade
was OF an Irregular and haggling nature
CT the eXre ctation of frosts, but today.
When the frosts were reported, prices
Tended toward recessions because the
frosss Were iiot hard enough and because
warm weather might be near. There
was sood suEEort in wheat for a time
by a big elevator house, which helped
near futures somewhat.
crop nrosnects however, worked against
prices for new gram and at the close Sep
TENDER wheat was &c up, December 40
&c down, September corn &c higher,
lower. and December &c off. Provisions
closed 2hc higher to SC lower.
Trade In Wheat Only Fair.
There was only a fair trade in wheat.
Early prices were rather steady but
when it was learned that the frosts that
extended as far south last night as Sioux
firmer than December ali day. Cables
We're only a little higher and showed
scanty response to Yesterdays local bulge.
market lost much of the gain made by
good elevator buying and the falling off
OF receipts. Grading of spring wheat
TOT. there being no contract stuff re-
ce1ved here today, a condition that has
prevailed for several days. The North
west complained of slow movement be-
0to WOdlllCI QCOIlUlllOIlS. az
September started A@Ac lower to a
shade higher at 71%@T1Mc, and on Dur.
cnases OF over ], 200, 900 of December for
elevators advanced to 72%c. The close,
at 1l% @7lAc. December sold from 67%6
CSC to 6S%c and closed weak, N@%c
down, at Csc. Local receipts were 245
cars; Minneapolis and Duluth reported 266
ears, making a total for the three points
OF oil cars, against 555 last week and
I,VSI cars q year ago. Primary receipts
We're SOLO 0 bu, compared with i, 1854 600
bu a year ago. Seaboard clearances In
wheat m flour equaled 766, 900 bu.
Corn Unexpectedly Weak.
Corn started out much weaker than
mad been expected ins consideration Of the
colder weather. Sentiment was bearish,
the distant futures being sold for profits
on crop prospects. September dipped
early, but soon ruled stronger on a small
demand: 1t seemed that much of the ap-
prehens1on damage from frosts was offset
yesterday. September sold yesterday at
5akc, U aided by wheat, advanced to
69c. December fell from 43Mc to 42% "a
42Ac and closed weak, &c off. September
held Its firm tone and closed &c up at
$3.50. Receipts Were 81 cars, s Of con-
tract grade.
Oats ruled lower, with little of interest
TO mark trading. A leading bull house
let go of a considerable quantity, senti-
was only scattered. This induced lower
prices and September fell from 35%c to
$3.50 and closed weak, &c lower, at 34hc.
December sold from 91Mc to a weak close,
Mc down. at Sic. Receipts were 289 cars,
only 5 of standard grade.
Provisions were dull and somewhat
steady, Lard was sold freely and was
about the only feature. Weakness of hogs
influenced a dip in all products, but sup
port of the nearer options held prices firm.
January pork closed 2Hc up at s14 80;
October lard &c down at SO. 67k, and Oc.
tober ribs 21ac up at $50.
The estimated receipts for tomorrow
are: Wheat, 40 cars; corn, 55c; oats, $50
cars and 1000 head of hogs.
The leading futures ranged as follows: