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

. CHICAGO, Sept. Several bearish
factors factor combined today to press grain
near futures declined to some extent.
Spectators In general, however, were in
cllned to the belief that the far deliveries
S 9uence in those months the bulls had a
little the better of the argument. Sep
tember wheat closed a shade lower. De-
cember wheat nc down, September corn
and September oats kc higher January
provisions closed 21a @71sc lower.
Weather was the principal factor in
s segq n,f wheat prices Washington
morning would see frosts Northwest This
held prices steady for a few moments.
traders then became convinced that the
weather map showing fairly warm and
dry weather was just what was wanted
to start the heavy spring heat move
ment and began selling freely of Septem-
heavy, especially from Russia, and prices
slumped off rapidly.
-FIuctuate at Low Level.
Trade early was active but soon lapsed
dull and prices fuctuated idly at low level
for some time. On the decline an excel
lent export business developed, the sea-
board reported 81 loads taken and Du-
luth shipped 20 direct. This together
with the fact that regardless of heavy
movement, expected receipts Northwest
Were only about half last years futures
and grading was still poor started re-
action. September started &c lower to
Ac up at 71kc to 711ac. and fell off to
loAc. December opened A@Ac to
to 67asc. In the late rally that followed
December received more support than
September and closed steady shade
DOWN 1fo at 67Ae G. September closed weak,
Local receipts were 2S6 cars. one of
contract grade; Minneapolis and Duluth
reported 617 cars, making total for the
cars last year. Primary receipts, 1878, :
900 bushels, against 100000 bushels a
year ago. Seaboard clearances in wheat
and flour equaled 42S.000 bushels. World s
shipments We're II, 900 bushels, against
7,47S000 bushels last year. Breadstuffs
on passage increased $500, 900 bushels.
Warm Weather for Corn.
The corn belt had warm weather yes
terday. This was particularly significant
TO the bears who at once sold stuff freely
and prices declined. September develop
ed nervous weakness and sold off PIC
at one time, regardless of the fact, how
ever, that ten days more will put the
bulls saw in the lower prices and free
offerings an opportunity for additional
profits. While September ruled weak, the
other months, especially December, re-
the opening. hour, was not active, but
everything that was offered at low prices
was taken in quickly.
The bears argued weak cables, increas-
ed receipts and good weather conditions
Against these factors were arrayed cash
corn at zoe premium over December
stocks lowest on record, a country side
swept clean of merchantable corn, a late
harvest and hogs selling at prices which
makes 1t profitable to feed 60-cent corn
rather than to sell it. September started
Nc to nc down at STAG to 57Ac. dipped
to BIC and closed weak, 1Ac off at STAG
December sold at 42c, but rallied to
firm close, A@Ac up at 425sc Receipts
were l20 cars, 10 of contract grade.
Oats and Provisions.
Oats were sold freely at the opening in
sympathy with other grains. Receipts
were liberal at 400 cars, but the grading
was SO poor only 27 cars, as to induce
caution in selling after other grains
steadied. Trade in general was uninter-
esting. December sold at 30hc and
closed A@ssc down at 20% @2O%c. Sep
TENDER opened W. lower to unchanged at
SAC to 33Bc, dipped to 33Hc, but closed
STEADY, 1sc up at 34c.
provisions were dull and tame, prices
ruled steady most of the day, with very
narrow fluctuations. Lower prices for
hogs and the break in grains caused
some early selling, which was offset at
once by a fair support. The close. how
ever, was weak January pork, TIC off
at $14. 80, January lard sc down at $685.,
and January ribs, 211c lower at $7S7h
rs tirnated receipts for tomorrow:
Wheat, 400 cars; corn, 200 cars; oats. $50
cars; hogs, IL 900 head
The leading futures ranged as follows: