The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-06
GRAIN LEVEL is LOWER
INCREASED RUSSIAN SHIPMENTS
HAVE A eEARIsH EFFECT
Trading in Wheat Is of Only Moderate
Volume and the Undertone Is One of
Weakness-increased Receipts In the
Northwest Add to the Depression.

CHICAGO, Oct. 5.-The marked increase
IN shipments from Russia and the Danu-
Dian provinces exerted q distinct bearish
TTHiluence on the wheat trade here today,
LecemDer closing with a net loss of q "a
sc. december corn closed 3ac under.
saturday and December oats shade de-
pressed. January provisions finished the
Jay practically unchanged
Inere was only a moderate volume of
tradirg IN wheat and the undertone was
Oh decidedly weak nature. The news in
markets being lower ON larger worlds
shipments than had been expected. and
on the flood of Russian and Danubian
y Mheat winch Is being thrown upon the
european markets These influences
along with the Increased receipts in the
Northwest, caused weakness in this mar
ket at the start December opening An
&c to 1s@Mc lower at 76%c to TIC. The
break at St. Louis was another factor
IN discouraging holders, and more partic-
uiariy IN discouraging any active sup
port OF the market. There was heavy
selling during the opening hour by ST.
Louis houses and prices generally de-
clined, December selling off to 1850 be-
Iore the noon hour. A somewhat better
tone developed on partial recovery at
st. Louis, but the liberal increase in the
visible supply, amounting to $3.50, 900
bushels, with renewed weakness in the
Southwest caused another decline. and
December closed y q &c lower at 75Ac.
ClearanceS of wheat and flour were
equal to 40S,6 600 bushels The amount
ON passage increased 1872, 600 bushels. Pri-
against 1,406,600 bushels a year
ago. Minneapolis and Duluth re-
ported receipts of LBS cars, which with
grade, made total receipts for the three
points of 1,210 cars. against 964 cars last
week and 1858 cars year ago
Active Selling In Corn.
Corn experienced considerable weakness
at the opening on favorable weather. low
er cables and the decline in wheat. with
quite active selling by several prominent
houses. Shorts took advantage of the
break to secure profits and the buying
from this quarter caused a rally, but the
market eaSed off again with wheat. After
selling between 44c and 4tAc, December
closed &c lower at 44ssc. Local receipts
We're 476 cars, with 43 of contract grade
The weakness in wheat and corn had a
undertone was easier. Commission houses
and local traders sold moderately on the
Increased receipts and poor shipping de-
mand, while buying was mainly by
shorts. During the last fifteen minutes
of trading the market developed uneX-
pected steadiness and it looked as If
traders had oversold and were anxious to
reinstate their lines December closed
with loss of only a shade. at 35Ac, after
! selling between 35Hc and 35Bc. Local re-
ceiptS were 1T9 cars.
| Provisions were quiet and prices showed
little change throughout the session The
whole list was in fair demand early on
the theory that a big packer was buying
lard through brokers and prices We're firm,
early firmness. Pork closed unchanged at
$12 As; January lard was 21ac lower at
Sc. IS. while ribs were unchanged at
So 571k.
The estimated receipts for tomorrow
are: Wheat, 100 cars; corn, $50 cars; oats,
800 cars, and $4,000 head of hogs.
Range of Quotations.
The leading futures ranged as follows: