The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-17


CHICAGO, Sept. 1s.-Grain trade today
was irregular. In the main, conditions
were against high prices. The fine wealth
er brought about natural selling In both
corn and wheat, with some activity on the
bulgeS. Doubt over frost damage, now
ever, and the possibility that the North
west would use much of it's wheat in
stead of moving it, helped to retard losses
the selling as well as the later futures,
and in the end September wheat closed
&c lower, December wheat %c down,
'''io owe lo' September an Der oats &c off and
December oats so Ac down: January
provisions closed a1sc to 171z@2oc down.
Wheat started out weak on cables, that
did not respond to yesterdays local adj
vance, and on the warm weather and
prospects of better Northwestern receipts.
The, weather in particular was bearish,
spring wheat. Offerings, however, Were
light. Trade at times was very dull, but
long holders sold a good deal of stuff to
scalpers, who in turn dumped 1t on the
further
Prediction of Rains.
There was good cash demand, rains
were predicted and the estimated receipts
for tomorrow were much curtailed from
the receipts today. This stopped selling
check came the advice that the North
west did not intend selling much stuff
here. Trade was not large in the aggre-
gate and the late scattering purchases
helped matters. There was still some
fear over the result of the decision in
the oats Injunction cases and long Sep
TENDER wheat came out.
September opened &c off at 73c, sold at
73Ac and closed weak "a C off at 72%c
December sold from 6S%c to 6S5sc, .ad-
vanced to 9Ac, and closed easy &c lower
at 6SBc Local receipts, were Az cars,
Duluth reported LOGO cars, making a total
for the three points Of 1,4S1 cars, against
l,215 cars last week and ,S41 q year year ago
against 2,066 900 blu last year. Seaboard
clearances in wheat and flour equaled
424000 bu. Bradstreet's reported the
visible supply increased 2,198,0O0 blu.
Bull Feature In Corn.
Damage fear was practically the only
bullish feature of the corn market, for
receipts were improved, the weather was
favorable to movement and to the crop
and the cables were Indifferent. The gov
eminent Drop report indicated damage in
rains were predicted to hurt the crop
still further. Offerings were light until
late in the session, when there was a
drive In September which pressed prices
down.
In spot the market showed activity and
there We're occasional hard points; in the
main, however, it was a waiting market
for accurate estimates on crop damage
Some points in Iowa reported as high as
SO per cent damage and Nebraska as
high as rs per cent. September closed
7sc down at 5Sc December sold from
1875, to 4394 @ 9as and closed weak
A@3sc off. at 1875 @43Rc. Receipts were
4S0 cars, 108 Of contract grade.
Oats and Provisions.
Trade. in oats fell off to an almost i'm
percepaole volume. Price fluctuations
were very narrow and there was no con-
spicuous buying or selling. Receiving
houses let go Of some stuff on the warmer
weather and September closed weak, 5ac
off, at S3!sc. December sold between
So%c - and 3 SlAc and closed weaker. 20
Provisions were only fairly active at
times. Hogs ruled lower at the stock
yards and Influenced products bearishly.
The outside made some sharp selling
raids raids; at the Prices The, result was q
off at s$15; January lard 15@l71ac down
at SIS. 50@S. 521A, and January ribs 121.c
Estimated receipts for tomorrow:
Wheat, 1875 cars; corn, 160 cars; oats 16O
cars; hogs, $4,000 head
The leading futures ranged as follows: