The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-16
OFTT1E DAYS TRANSACTIONS INTfIE MAPKETS
WHEAT ! 4 TURNS UP AGAIN
SNOW IN THE CANADIAN NORTH.
WEST Is BASIS OF STRENGTH
Sentiment at the Outset Is Weak on Nom
Appearances Of Frost-Prices Turn on
Reported Decrease In Russian Crop

CHICAGO, Sept. 15.-Snow in the Cana
dian Northwest and reported decrease
m the total Russian crop were eonspic-
the wheat market upward. At the close
the december option showed q gain of
ISgIikc. Corn is down &c. Oats are
OH 3Gtp zsc. provisions are steady.
AT the outset sentiment in the wheat
pit was weak. largely in sympathy with
sharp break In corn prices. the non-ap-
the depressing influence affecting = the
corn market. Some OF the initial weak
ness was possibly traceable to the esti-
mated. size OF the crop as given out by
two well known trade Journals. The fig
hEes in both instances made the total
yield about s40. 00e, 600 bushels. an amount
considerably larger than several previous
gan lot Of long wheat was thrown upon
the market causing an opening loss in
December Of A@Mcs first sales being
oa aas a e - owea at Ny r.
After December had sold off to s1.13 Is and
May to $1.15B. the market rallied on
covering by shorts. Before the end of the
first half hour all of the opening loss had
been Tegained. For time trading was
rather quiet at fairly steady prices. Later
In the day there were advices from Win
semi official report from Russia indicated
crop of spring wheat 20 per cent lighter
than the one Of last year. News from
covering by shorts. .9' who oA held further further
motive in decreased primary receipts.
Winter weather in the extreme Northwest
On the improved demand prices rose rap
idly, December advancing to $1.16B
May sold up to s1.17ss. The market was
nervous late in. the day Bearish Argen-
which resulted in a moderate reaction.
The close was firm with December at
5S@1.15k. May closed at $1.16%@
LIZ gain of &c compared with last
nights final figures.
Clearances of wheat and flour were
equal to $1,000 bushels. Primary re-
bushels year ago. Minneapolis, Duluth
and Chicago reported receipts of 459 cars.
compared with 791 cars last week and 656
year ago.
Corn Declines
A precipitous decline in corn prices oc-
realizing sales The cause Of the active
selling movement was general belief for
the second time the crop had escaped
serious damage by frost. reports from
had been. done during the night. Cover
ing by shorts caused a temporary rally
toward the middle of the session, but the
advance was not held, further profit tax
ing sending prices down near the low
point. Primary receipts continue heavy.
December opened b@Ac to IA @1asc low
range, closing at 521@ @52Ac. Local re-
ceipts- Were 1913 cars, with % Of contract
grade.
The demand for oats was small and
values We're a shade lower. The market
was Influenced by the weakness in corn.
December opened k@Ac. lower, at BPS @
3sc. sold between 3211ac and 33c, and clos
ed at 32A@32%e. Local receipts were
1015 cars.
Selling by pit traders on the break in
corn prices caused an easier feeling in
provisions The volume of trading was
small. At the close January pork was
up 5@71kc at $12.7714 OIL. so. Lard and
ribs were each shade lower at 81 III
and Sc 1905. 671h respectively. $50
+ Estimated receipts for tomorrow:
Wheat, 80 cars; corn, 533 cars; oats, 131
cars; hogs, $1,000 head.
Range of Quotations
The leading futures ranged as follows
| Omen. High I Law. I Close