The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-09-14
BIG SLUMpS IN GRAIN
COURT DECISION AGAINST CORNERS
CAUSES HEAVY DECLINES
Frosts Have No Effect Upon Prices,
Being Considered Harmess-corn
Starts Off Better Than the Friday
Closing, But Soon Loses-Wheat Does
Not Maintain SteadIness Long.

CHICAGO, Sept. 13-Frosts of reported
prices of grains today. Expert corn
shorts, after analyzing the situation, de,
Semblance of firmness, and when it be-
came known that Judge Chytraus had rul-
ed against the board and its members
who were defending the July oats corner
cases, general slumps followed. AT the
close September wheat was &c off, De-
cember wheat %@Ac lower, September
" corn 1c down, December corn &@Mc,
depressed, and December oats &c off.
January provisions closed unchanged to
loo lower.
8 Corn started trife better than it
!. left off last night. The frost was the
steadying influence; Reports, however,
conflicting as to the damage. especially
that the crop was hurt 80 to so per cent,
while others said the damage was slight.
Outside orders were light and the crowd
y SOON turned toward the selling side.
. Warmer weather predictions had much
to do with the change in sentiment, but in
this as in every other pit on the floor,
the board Of trade directory to enforce
its rulings on marginal deposits had a
depressing effect. Receipts showed some
increase as well as a greater percentage
of contract grading than for some time
past. The best prices of the day were
made at the start, although an excellent
started at 44kc and slumped lie to
weak close, p @%c down, at 4S1sc Sep
TENDER sold from 60c to 60Hc, and broke
to a weak close 1c off, at Soc Receipts
were 205 cars, sc OF contract grade.
The Wheat Trading.
Wheat opened without much change in
price, but did not long maintain its
,steadineSS. There was a feeling early
that the further frosts last night would
brace UP corn to such an extent that
wheat, would be drawn after. When
ing of some fairly bearish features and
a dip resulted. Receipts Northwest gave
unmistakable signs of an increase in the
further aid in that respect. Gables were
lower, the sentiment bearish and there
was some selling on stop orders. Large
estimates of worlds shipments-over 10
900, 900 bu for the week-had it's weaken
ing influence, as did the talk of quiet
selling by heavy holder of long wheat.
to 72Bc, and rallied fairly, although the
close was weak, Sc lower, at 72%c. De-
cember started shade up to shade
Tfice, %@%c lower, at 6S9sc. Local re-
ceipts were 1872 cars, none of contract
Grade; Minneapolis and Duluth reported
points rSI of 962 cars, against 572 last week
This day last year was a holiday Pri-
mary receipts were l,169,OO0 blu. Sea-
board clearances in wheat and flour equal
ed So, 600 blu. The seaboard reported 80
to 80 loads taken for export.
0dLS TTONlSIOIlS'
Oats showed even less animation than
Yesterday, prices moving only &c. Weak
ness in other pits and the oats corner
decision were the factors in a depression
that lost Nc for December options in the
days business. A fair demand developed
on the slight breaks thus checking a
further decline. Trade was principally
local and largely of a scalping nature.
December sold between 31Ac and S1hc.
and closed at S1Ac. Receipts We're 1874
cars IL of contract grade.
3 Provisions, eased off after there had
iSet influence, from the effect of offerings
in January pork. There was considerable
covering later and the nearby months
although trade was dull. Lower grain
prices had some effect, and January pro-
ducts closed weak, pork loo lower, at
SIS. I21s; lard, 21sc down, at $50, and
ribs unchanged, at &.971s.
ESTIMATED receipts for Monday: Wheat,
235 cars; corn, 265 cars; oats, 225 cars;
hogs. 81 900 head.
The leading futures ranged as follows: