The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-26
CORN is The LEADER
OTHER GRAIN PITS NEARLY DE.
SERTED BECAUSE OF DULLNESs
Buliish Factors Consist of Congestion In
September Corn, Decreases In Stocks
and Fears of Natural corner-ciose
Well up-ot1er Grains Advance Also.

CHICAGO, Aug. 25.-Corn led all other
grains In the point of activity and price
advances today. Other markets were in
cllned toward dullness and at times almost
no one was In the pits. Congestion in Sep
temper corn, with big decreases in local
STOCKS and fears Of a natural corner were
the bullish factors. After an idle hour the
other grains advanced in sympathy, and
at the close September corn was IL G up.
september wheat u @Hc higher, and Sep
TENDER oats Bc advanced. Provisions
closed 2@12&c higher.
Corn was very erratie, the opening In
dlcated possible bad slump on the offer
ing OF a small quantity of September and
p on ealriy good crop crop reports Gables,
kets, especially st. Louis, were higher on
rain reports from Iowa and heavy buying
ny prominent elevator interests followed.
The market gained strength rapidly on the
continued small receipts and poor grading,
only to lose part of the advance again
as soon as the longs wanted to take a
decreased rapidly during the past week,
until today there were only zoos, 900 bush
els on hand.
Prices May Jump.
The general gossip was that if any Of
the big shorts started to cover their lines
with this, prices would jump. Naturally
following such a condition, the market
nervously responded to every bid or sale.
September opened steady at 58A @58hc,
dipped to $3.50, advanced to 59Ac, lost
nearly lie again, rallied briskly and closed
S6fohg, I1sc up, at 591ac. Receipts were
% cars, 8 of contract grade.
Wheat was only fairly active at odd
moments. Gables were lower, and the
weather Northwest was favorable The
entirely by conditions in the spring har-
vests, but the very poor grading pre-
vented them from selling much. Septem-
Der was hard to buy and was taken free
~ There was no good advance, how
ever, until corn showed good strength and
the cash demand was reported improved.
Later the Northwest bought fairly and
then. on excellent seaboard cIearances,
prices made good gains. Outside markets
showed better tone and the Southwest
had good sample trade Duluth sold for
export.
September started 1sc lower to &c up.
at 71k@7iAc, and after selling at 721kc,
closed strong, A@Bc higher at 1925 q
721ec. Local receipts were 26T cars, only
two of contract grade; Minneapolis and
Duluth reported 406 cars, making a total
for the three points of 673 cars, against
shipments were bullishly smaller than ex-
pected at S,635.000 bushels, against 9,743,-
geo bushels last year. The visible supply
increased 100000 bushels. Primary re
1853, 900 bushels last year. Seaboard
clearances in wheat and flour equaled 749,-
600 bushels. Breadstuffs on passage in
creased 100000 bushels.
Oats and Provisions. ..
Oats were weak early in the day on fair
selling. Trade was dull but when corn
advanced the bullish factor of very light
grading had its effect and the prices ad-
yaneed. The outside did some buying.
Crop prospects were good. September
sold from 1914 @333s, to 32Ac, rallied to
81 &c, and closed stronger. sc up, at 33Ac.
Receipts were 296 cars, only eight Of con-
tract grade.
Provisions were fairly strong Higher
prices for hogs on a very small run and
good support early by packers were the
bullish influences. Toward the close profit
Ftaking brought a slight dip, but September
pork, closed Ac up at SIS. 921s, Septem-
Der lard, 21ac up, at $40. 871s, and Sep
TENDER ribs, 10c up, at SO. 20.
The estimated receipts for tomorrow
are: Wheat, 400 cars; corn, rs cars; oats,
$50 cars, and $4,000 head of hogs.
me leading futures ranged as follows:
Omen | Hief, | oru 1 61il-r,