The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-01

CHICAGO, Sept 3o-September wheat
today sold at the highest price recorded
on the board of trade since the famous
Letter deal in 1898, the price reaching
csc, and but for the leniency of the longs
the price might have been advanced in
definitely. as all the available supply was
practically, in the hands Of one ne. or Two ?
a gain of 71ac, while December closed Is %
nc lower. December corn closed B@Ac
higher, with oats down Il @Ac. January
provisions closed from -21s to 71ac lower.
The all-absorbing feature to trading in
wheat today was the alleged corner In the
September delivery. Early in the session
there were sufficient shorts who had neg
the price from S7bc to soc, but at this
figure there was lull in proceedings, due
to rumors of injunctions similar to the one
secured in the oat corner recently. AS
the session advanced and nothing of this
nature materialized, shorts decided further
parleying was useless, and there was a
grand rush to cover. The result was the
price advanced from soc to 95c, with
Buy Wheat at csc.
At 95c shorts were able to secure all
the necessary stuff to satisfy their cred
Armour & Co.. who have been leaders in
the bull movement. The opening was Is
@5sc higher at SSc to SS1Ac. After selling
up to 90c there was reaction to SO &c.
Then on renewed covering the price adj
vanced rapidly to 95c and the close was
at the top notch at gain Of 71sc over
yesterdays. close, Future deliveries were
listless and inclined to weakness. De-
cember open unchanged at 68%e, sold
down to 6SAc, but rallied slightly toward
the close, which was Is @Ae lower, at
trading, the feature was the buying of
May and selling of December. Statistics
were against the market, and as a result
there was weak undertone.
1c,tr. nntt NN.,fol
worlds visible of 100000 blu, against an
increase last year of 3,419,0 600 bu. Clear
ances of wheat and flour were equal to
406, 600 blu. Primary receipts were 1,S93,-
600 blu, against 1,697,0 900 blu a year ago.
Minneapolis and Duluth reported receipts
Of 1,070 cars, which, with local receipts of
80! cars, made total receipts for the three
points of 1,427 cars, against 1.479 cars last
week and 1888 cars a year ago.
Strong Feeling In Corn.
Corn was traded in but moderately, but
there was a strong feeling prevalent
cables and reports Of damage to the crop
in Iowa from excessive moisture We're the
main bull factors. December opened un-
changed to Nc higher at 1875 @45Mc and
on selling by commission houses there was
a reaction to 1890, but prices soon adj
yanced again with the top price at Acc.
The close was 1s@Ac higher at ASH q
455sc Local receipts We're $40 cars with
81 cars of contract grade.
Oats were dull with prices about steady
The feature was the liberal receipts with
poor grading. The weather was unfavor-
able for the movement, which was rail-
lying factor. The close was slightly low
er than yesterdays final figures De-
cember opened unchanged at 30&c and
sold down to 301sc but rallied to 3OZs oslo.
The close was ff1@Ac lower at 307s @30%c.
Local receipts were 230 cars.
The feature of the provision trade was
the buying of nearby products and the
selling of futures. The opening was easier
with considerable January pork for sale.
Outsiders were the best buyers, with
commission houses sellers. January pork
closed 71Ac lower at $1510. January lard
was Sc lower at 1855 and ribs 21ac lower
at $8.05.
The estimated receipts for tomorrow
are: Wheat, 100 cars; corn, 80 cars; oats,
100 cars; hogs, $4,000 head.
Stocks.