The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-13

CHICAGO, Sept. PA killing frost in
half the corn belt ruled the grain pits to-
DAY. While corn shorts We're largely pre-
pared for this sort of news. there was
good upturn in the coarser grain early
and good and active business was done.
Principally in sympathy with the corn
advance wheat made fair early gains. The
outside situation, however, was weak,
and warmer weather was predicted; and
while some of the corn was reported dam
aged 90 per cent, longs in general took
and wheat under pressure closed weak.
In the end September and December
wheat both lost &c, September and De-
cember corn gained Nc and December
20@22c higher
So much precautionary buying in of
short corn had been done in anticipation
of the frosts that the market was be-
reft of the exciting feature that other
wise would have characterized the open
ing.
Where Frost Occurred.
Killing frosts were reported in the Da-
kotas, Minnesota, Iowa and Nebraska and
lighter frosts in Southern Kansas. At
spencer, Iowa, the damage was estimated
at b0 per cent. What was missed in last
nights frostS bids fair to be nipped to-
night big buying business started
early, led by commission houses. The
local crowd was somewhat against the
price and sold, but the demand was good,
and fair advances were registered early.
Local receipts were improved both In
quality and quantity and cables turned a
trifle better.
While most of the local crowd wanted
early profits, it was nearly midseason
when the outside began to be affected by
the advances. and that time highest prices
were reached. However, the late lfauida-
ton and predictions for warmer weather
after tonight's probable frosts Topped off
much Of the corn gain. May was strong
The nearer options We're supplied to the
shorts in sufficient demand, and with the
belief that the frost scare was passed
firm figures. September sold as high as
6O1sc and closed Nc up at Coo; December
sold so1 at Age and closed Nc higher at
contract grade.
Trade In Wheat.
Wheat made. some advances early in the
day in sympathy with the corn bulge, but
after fairly heavy business the pit
turned heavy and the close was weak.
At the outset buying was general under
mission houses. The frosts Northwest,
the continuation of the small spring move
ment and good clearances were the other
bullish incentives. After the initial up
ers and all the gain and more besides was
lost English cables were lower, but the
continent held firm. st. Louis was a
fair buyer here. Inasmuch as the corn
in wheat was ATTRIBUTABLE to some extent
to the late ease in corn.
December opened 1s@Kc to s@1Sc up
at 695sc to 69Ac, sold at &C. and closed
weak sc lower at 69@69hc. September
sold from 74ac down to weak close, &c
off at 731sc. Local receipts were 256 cars,
Z of contract grade; Minneapolis and Du-
luth reported 631 cars, making a total for
the three points of S87 cars, against 558
last week and 1,144 a year ago. Sea-
board clearances in wheat and flour
equaled 900 blu. Primary receipts were
], I12,O 900 bu, compared to AIS, 900 bu last
year.
Te~o~ oats and Provisions.
Oats had only small share of the in
terest today, corn detracting largely from
this pit. There were no prominent feat
ureS and the small early advances were
purely sympathetic There was a small
demand for cash stuff. Scattered selling
took away the slight early Improvement
and prices closed easy. December sold
between 31Bc and the close which was
1sc down, at 311ac. Receipts were 21s
cars Of contract grade
Provisions ruled strong under the inf1u-
ence of the advancing hog market. On
the rise there was considerable selling,
which caused some reactions. The pit,
however, was bullish on the cold weather
and higher corn. The trade was good at
times,f though it was principally local.
January pork closed at 20@225sc up at
SIS .221a; January lard 15c higher at
$S62A; and January ribs 5@759c up at
$7.971a.
Estimated receipts for tomorrow
Wheat. IT'S cars; corn, 215; oats. 1876; hogs,
10000 head
The leading futures ranged as follows: