The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-10

IHa
CHICAGO. Sept. 9.-Cereals acted bull
ish today. The often%-predicted big move
ment OF wheat in the Northwest failed to
appear, the weather worked against the
maturing corn and stocks of grains gem
efaily were decreasing to q bulliSh de-
gree: With these conditions and more
outside business developing the bull value
OF tne market spread, and after early dips
up, December wheat K@Mc higher, Sep
tember corn &c higher, December corn
4sg1zc up, September oats $@hc higher
ana december nray,I;es oats M@5%c higher. ian
higher.
Wheat passed a feverish moment early
IN the trading before an end of the bearish
market that has prevailed for several
days. Tn cause was probably the dip in
corn. Soon, however, several very good
pull arguments We're considered, and, al
strong, yet the session ended with good
advances. Gables We're Unexpectedly
firmer, and the big receipts heralded for
the Northwest dwindled down to insigni-
Hcance Wnen the figures were put on pa
per-. A leading elevator house started a
GOOD buying movement and gradually
most Of the crowd followed after. Statis-
Tics were somewhat bulliSh.
Wheat Stocks Decrease.
The Northwestern wheat stocks have
running much under last years figures.
although locally there was an improve
ment today The worlds visible supply
quality in receipts did much to counter
act any bearish influence from that quar-
Ter. mere was some disposition to sell
May stuff, but in spite of the dull spots in
the market. the general sentiment fa-.
Vored buying and was augmented late In
the day by an excellent export demand.
me Weather in the, spring country, which
September wheat started NC to &c lower
at Tic to 70Bc, reacted to 71%c and
closed firm, %c up. at 71%c. December
sold from CSC to 675sc, reacted to $3.50
Local receipts Were SOB cars, only 3 of
contract grade. Minneapolis and Duluth
reported only 712 cars, making a total for
1855 last week and 1,7O7 a year g Fri
mary receipts were 1,325, 900 bu, compared
to !, 683, 900 blu last year. Seaboard clear
ances IN wheat and flour .equaled 701, 900
bu. The seaboard reported 70 loads taken
for export.
Light Frosts In cornfieIds.
Corn ruled firm, but the market showed
no great change. in prices. AT the outset
prices fell off because the light frosts in
NEBRASKA and Iowa We're not of the dam
aging Kind. Further, there was a strong
early drive by prominent bears to break
pr1ces-something that has occurred reg
uiariy Tor several days past. The weak
herent strength in the corn situation
started good buying and there was rapid
absorption of offerings. The principal
bullish incentives were decreased country
offerings, firm cables and reduced stocks.
All the news was not ,bullish, for the
Southwest was expecting an increased
movement soon and warmer weather was
predicted.
Leaders felt, however, that the cold
weather. and rains, even without frost,
We're against the hardening of the corn.
Iowa especially has had too much rain.
December sold off early to 42Ac on short
driving, but closed firm. %@Kc up, at
43@43Kc; September sold between 56Ac
and 57Bc and closed sc up at 575ac. Re-
ceipts were liberal at 279 cars, 48 of con-
tract grade.
Trade in oats was light, but prices adj
vanced with other grains. Early offerings
brought slight dips. Standard oats in
store increased SO, 900 bu, but, all told,
there were only 100, 600 blu of this grade
here. Iowa crops were reported hurt to
some extent by rains. September sold
from 33Ac to a firm close, "a @hc higher,
at 34% @34hc. December sold early at
30Sc, advanced to 31Hc and closed firm,
k@Bc up, at 31%c. Receipts were liberal
at 476 cars, but only 6 were Of contract
grade.
Provisions ruled dull and slightly firmer
with hogs. Fluctuations were very mar
row. January pork closed Sc up at $14. 95;
January lard SC higher at $40, and Jan
uary ribs 2hc higher at $7.S5.
m receipts for tomorrow:
Wheat, 1875 cars; corn, so cars; oats, 100;
hogs, $4,000.
The leading futures ranged as follows: