The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-16
SHORTS ARE SQUEEZED
MANIPULATION AND WEATHER
BRINGS GOOD BULeEs TO GRAIN
Most OF the Conditions Are Against An
UptuEn and RecessIons Follow the Push
Ing Up of Prices-Wheat and Oats Close
Higher and Corn Unchanged.

!, CHICAGO Aug. 15.-Manipulation and
ine weather started good bulges in grains
Iooay, and as result September shorts
were ,,e squeezed once more. Contract wheat
was scarce, and there was some conges-
tlon in corn and oats. Other conditions
however, We're all against an upturn. AZ
.ei the manipulators had pushed up
prices well, liquidation from the same
aands brought recessions. In the end
September wheat closed 1c up; September
corn unchanged and September oats IN
nigner. PROVISIONS closed sc lower to sc
higher.
Wheat spurted early on the fears of
Snorts and rains in the spring harvests.
Congestion in contract stocks was marked
with one house practically in control The
opening was somewhat wild with every
Dody wanting stuff and offerings very
ngnt That manipulation was practically
the entire cause for. the upturn seemed
reasonable from the fact that receipts
primary, local, Northwest and South
West-Were much heavier; that Argentine
garian and Roumanian crops were large
ana that exports offered freely with few
takers.
Profit In December.
Although September was the manipulate
ed month, December profited today At
holders unloaded in September and I'M
straddled their spreads by taking on De-
eember. Still December held to its dis
count sec It OF + over cents September started
<
70 70 IlAc. There was a drop to 705sc but
september closed firm, lie up, at 7Ozsc
Local receipts were 31S cars, one of con-
tract grade; Minneapolis and Duluth
reported 126 cars, making total for the
three points of 444 cars, against 298 last
week and 442 a year ago. Primary re-
pu last year Seaboard clearances in
wheat and flour equaled 283, 900 blu. Ar
genuine shipments equaled 24O, 900 bu.
against $4,000 bu last week.
Corn hnlnA6 w no c,tr ~
wheat Trade was not especially act
I've, yet there was good volume. The
general commission house demand was
very good. Small receipts at 32 cars and
rain helped the bulls somewhat Local
shorts and the Southwest covered brisk
~ Tor time, especially in December
orally, and prices slumped off, Cables
We're lower. There was no conspicuous
selling. The cash demand was fair, but
1ne crop prospects. We're still excellent
closed steady unchanged, at 515gc.
Oats and Provisions.
Rains and the manipulation by bulls
IN september options lifted oats prices
with some early show of excitement
Ihere was a good demand in September
ing Stuff was hard to buy and the cash
demand was brisk. There was some late
%as1 sa on the bulge, but prices held
33c, and closed strong, Nc up. at 32Mc
Grading was retarded by the rains: Of
2l2 cars received today, only % were of
contract grade
Provisions were irregular and dull. Hogs
were lower on liberal receipts There
was some strength in distant options
put the nearby futures were iquidated
again. Some support came, especially in
pork. September pork closed sc UP at
$1,000; September lard. &c off, at SO Is,
The estimated receipts for tomorrow ov
are: Wheat, 300 cars; corn. AZ cars; oats,
220 care, and $4,000 head of hogs.
me leading futures ranged as follows: