The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-25
WHEAT SHORTS COVER
ADVANCE OCCURS IN ALL THE
GRAIN PITS
Reports Of Anglo Russian Disagreement
* Cause Prices to Administrations
Weak and Liquidation Prevalent at the
Opening

q CHICAGO, Sept 24.-Unconfrmed re-
ports of strained relations between Great
of short sales. of wheat here today. AT
the close May wheat showed gain Of
49, Corn. also IS up C. Oats show an
advance OF Nc. Provisions are 4@1214c
The failure of foreign grain markets
to respond to, the sharp advance here yes
the Wheat pit here when trading began
Sentiment was quite weak. Initial quota
lions on December We're off u M%c to "
sgIssc at.;.1 .l212IgI &c. May was q
slsl41s. Shorts took advantage of the
break and covered freely forcing prices
up to about last nights. closing figures.
EDeeember selling up to N.13S and May
toTa$l IA. The advance was, not held,
however, renewed profit taking causing a
moderate reaction In addition there was
some selling on a denial of the rumor
that the French government contemplated
reducing the import duty on wheat. A re-
port OF the Canadian minister of the in
terror also had a depressing influence. Ac-
cording to that official the crop damage
stories regarding the situation in the Ca
madam Northwest We're grossly exagger--
the Northwest territories, it was claimed,
will aggregate from 55, 600 900 bu to Co.
000; 900 bu Of good quality wheat.
Toward the latter part of the session
sentiment suddenly veered to the bull side.
An unconfrmed rumor of possible compli-
cations In the war situation, involving
SItdt BrltdIn and Russia, started cover
ing by shorts Offerings at the time were
hight and in consequence prices advanced
rapidly, December selling up to 81 .14% q
1.14%. May rallied to 81. ia. An adj
vance of over Sc in the price of the De-
cember delivery at ST. Louis and reported
sales there of cash wheat at 81. 20 bushel
had considerable effect on speculative
trading here. Reports of good -four sales
in the Northwest also We're an additional
bull factor. During the last half hour
much of the gain was lost, renewed profit
fealyr 1aIs Tyl--
close, however, was firm, with December
May were 81. 15A @1 1875.
+ ClearanceS of wheat and flour were
equal to $4,000 blu. Primary receipts were
l, 10000 bu,. compared with /, 10000 bu a
year ago. Minneapolis, Duluth and Chi
699 cars last week and SIT cars a year
ago.
Wheat Turns Strong
In sympathy. with the early break il,
wheat prices the corn market was weak
during the first half of the session. There
was no great amount of selling, however,
wet weather throughout the West furnish
ing encouragement to the holder The
the day on bullish report of well
known crop expert making a still further
reduction in the total yield. The close
eember opened n @Dssc to g @1ac lower at
49R g50c; sold up. to 51Ac and closed at
A@5lAc. Local receipts were 21S cars,
with Il OF contract grade.
The action of the corn market was
the controlling factor. in trading in oats.
An easier tone prevailed early in the SEES
sion, later became firmer, the marked
closing. near the highest price of the day
EDecember opened unchanged to &c high
er at 39R Oslo; ranged between 301ac and
ceipts were 142 cars
The feature of trading in provisions was
+ theIchang1ng from October to January
products. Small receipts OF hogs and
I higher prices at the yards had strength
E emng effect. At the close January pork
was up 10@121sc at s13 %. Lard and ribs
respectively. 49,. ~
:, Estimated receipts for Monday: Wheat
% cars; corn, 264 cars; oats, 129 cars;
hogs, g. 900 head.
/ Range Of Quotations
The leading futures ranged as follows: