The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-07
WHEAT LOSES THIS Time
HEAVY DECLINE Is MOSTLY OFFSET
by A RALLY
Increased Shipments From Foreign coun-
tries and Lower Cables Cause tieavy
LlaaldatIon-RevivaI Of Northwestern
Damage Reports Pulls Market Up
Established 1889.

CHICAGO, Sept. 6.-Heavy liquidation
resulting from lower cables and Increased
shipments from foreign countries caused
! Weakness In wheat today. Late in, the day
Northwest, however. nearly onset these
bearish Influences, the December deiiv-
Eek sSr eiesiag with a loss of only y cents
rs cent. Provisions Were 21b cents higher
to liz cents lower. 20 90 -
At the start the wheat market was de-
eaaediy weak. the December option being
sfSs The initial decline ei at WAS soe dse t to
general selling with only moderate de-
Shir Lower cables, heavy worlds
Northwest We're the influences that brought
on the selling pressure. Heavy offerings
Oy an influential operator was feature
parently disconnected by the action of of
the big holders and the result was quite
free, profit taking. Before the declining
tendency osf could co. be checked December sold
We're received from Minneapolis to the
erect that rains in the Northwest were
mucn more general than Indicated by the
tended TO check the downward trend of
prices. The weekly government report
a ahs3 was vas bullish the claim being made
harvesting and had injured the grain in
shock in Minnesota. In North Dakota
damage by rust and smut was becoming
more pronounced. partial confirmation
Of these bullish advances was the
strength at Minneapolis. During the last
hour OF trading most of the early loss
was, lsgained On covering by shorts, De-
-cemper advancing to $1065s. The market
closed firm, with December at 81. O6ss "a
1061s. s0o 70 y
Clearances of wheat and flour were
equal to 146,5O0 bushels The amount on
passage increased 1884, 900 bushels. while
the visible supply showed an increase of
81 o00 bushels. Primary receipts were
l,85S,50O bushels, compared with 2,4O4, 700
1.-TWO days. year ago. Minneapolis, Du-
luth and Chicago reported receipts of
1,00S cars, against 421 last week and
I,54l a year ago.
Corn Is a Bit Higher
!. During the first part of the session
+ weak undertone was manifested in
corn, the depressing influences being lib
eral receipts, lower cables and improved
weather conditions The weakness of
wheat also increased the selling. The
ing that Kansas and Missouri win not
raise half a crop. The weekly weather
bureau report was an additional bull
actor FAC f.. The market closed firm at about
Size sold between So5sc and I'd 'V 5f& a. a.
5eA, and closed 51Ac. Local receipts,
Oats hold steady within a small range.
Trading was light with some selling cred
tied to p big holder December opened I'M
Siidif6 Su " sc lower. at CSC 10 81 rs C,
RANGED between sex @s2Ae and 3313c''
and closed at 3Sc. Local receipts were
1856 cars.
Owing to break in the ranks of the
striking stock yards employees there was
more snap to trading in provisions than
had been manifested for some time The
market was firm early, but eased off on
realizing sales. At the close October
pork was down 171sc., at $10921k. Lard
was off 27a@5c at 81 .075a. Ribs were up
24c at 81 49,
Estimated receipts for tomorrow:
Wheat, LAT cars: corn. 1 ,119 cars; oats,
419 cars; hogs, q, 900 head.
Range of Quotations
The leading futures ranged as follows: