The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-01
Y OF THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT MAKES GAIN
RETURNS POOR AND
. NORTHWESTERN WEATHER uN-
FAVORABLE
Slight Advance Occurs at the Opening,
Which Leads to Liberal Selling and In
stitutes Weak Tone-Strength Fol-
(. lows :

s CHICAGO, Aug. 31.-The influence Of
poor threshing returns and unfavorable
weather in the Northwest finally gained
The ascendancy over liberal primary re-
celpts today, and as a result the wheat
market closed firm, with December up
9sqg1sc. Corn also was up %@kc. Oats
showed a gain of zee. Provisions were
weak. closing. with a loss of 71a@30c.
Heavy rains in Manitoba and the Da-
kotas impaired some firmness to wheat
at the opening, December being nc lower
IossHc higher at $1.O7% to 81 081h. On
the slight advance there was liberal SELL
ing by some Of the recent bulls who were
peslnnlng to fear that there might soon
pc receipts of new shipping wheat In Suf
Helent quantity to cause temporary de-
preston, at least, in the market. Com
mission houses were fair buyers, but the
demand Was not sufficient to absorb all the
offerings. AS result a weak tone de-
Eeioped, December declining to 81 OK.
Inc weather bureau prediction of contin-
t usu rain poth In the wheat and corn re-
gions revived the enthusiasm of the bull
ieaaefS With the aid of shorts who
mao TAKEN advantage. of the break to COW
81 bac ceeeiy, the market soon became strong,
same time reports of poor threshing re-
turns had some influence on trading. An
esttmate of 570. 100000 bu as the total yield
od ~. ~n ,,e Ter the United States and Can
a9a. MADE by a Canada crop expert also
alalng IN Forcing up September prices. AS
an offSet to these builiSh influences how
ever the Southwest reported a decided
increase. in primary receipts. arrivals at
st. Louis and Kansas CITY being N e0l
pu more than the corresponding day last
year. During the latter part of the ses-
sion Trading was light most of the busi-
t ness bel, BENG ;chhanging from September to
Saovance was lost. but the market closed
b bern rs Men December december up @@Mc septem
''9 Gear at 81. eS%, net gain of INC.
eq pda to q, 400 blu. Primary receipts were
i,Os0,460 bu. compared with 744 400 bu a
year ago. Minneapolis, Duluth and Chi
sage sag reported receipts of 294 cars, against
ago. oaiS q year
Corn Is Up Likewise
strength of the cash grain and re-
ports OF the backward conditions of the
gga ETY. ti crop were, the main factors that
neid the corn market firm at a fair AID
vance The volume of trading was only
aa11oeoeerate December opened k@Kc to
r. fse II re higher at 51kc to 51%c sold up
, 70 &c ana closed at 51%c Local receipts
0stS Sou e ears; with Sd of contract grade
ot;a IS were hrm as result mainly of the
aetlon Of corn. Trading was ieht After
opening Unchanged to hc higher at a3%c
e 90 S5c, december ranged between 32A
Local receipts We're 200 cars. q 90 t.
:. Indications of more serious cornnJ;ca-
LUIS IN the strike situation caused free
el weak OF pr all hog products resulting in
october pork showed a loss Of s7iL @Sac
maj figures being Sill .121h@I1 Is. f,ard
was g. do v, i211sc at 81. Ribs were off TIC
Estimated receipts for tomorrow.
Wheat. So cars; corn. $50 cars: oats aoS
cars hogs. $4,000 head. w
Range of Quotations
: zine leading futures ranged as follows:
Omen HicI oxrr I (yIco--