The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-22
RY OF THE DAYS TRANSACTIONS IN THE Markets
WEAKNESS IN WHEAT
WEATHER CONDITIONS IN THE
WEST ARE FAVORABLE
Easy Cables Have a Depressing influence
at the Opening Sentiment Temporarily
Turns Busiist,

CHICAGO, Sept. 21.-The grain mar
kets were weak today as result of IA
yorable weather conditions throughout
the West. AT the close December wheat
was of 71e. The May option closed at
loss of 40 Mc. Corn is 1c below yester
days closing figures. Oats are down 1sc
and provisions &c to 17Rc.
Easy cables, with weather favorable for
the maturing of the corn crop had
weakening influence on wheat at the
opening. The selling was quite general
IN character, a. lot of long wheat coming
out as soon as trading began. Initial
quotations on December were off 5sc to
Mc at $1.08ss to $1.0S%. May was down
Y @sBe to T@1e at 81 .10A to Sill. The
market received little support during the
first hour and in consequence prices de-
sclined still Further. December selling off
to s1.eSk and May at 81 less. Senti-
ment temporarily turned bufiish late in
the day under the influence of cable
dispatch from Paris giving private es
Innate On the French crop. According to
the authority quoted the total yield viii
show decrease Of 81, 600, 600 bushels com
pared with the official figures. About this
time the Paris- market showed an adj
vance equal to 11sc to 2Ac busheL The
strong front presented by the market
here was made more pronounced by ad-
vices from st. Louis, where an Improved
demand for flour had developed. The cash
Situat ton also at st. Louis was source
OF comfort to the bull element here.
prices being up from to 2 cents. One
of the most prominent operators in the
pit was credited with heavy purchases,
and this, in itself, had much to do with
the advance. On the bulge December
sold up to $1-10 and May to S1.11N. Late
In the day. however. the gain was all lost.
down almost to the lowest point Of the
session. The market closed weak. with
December at s1.09. May closed at
$I.10N
Clearances Of wheat and flour were
equal to g, 500 bushels. Primary receipts
were 1,o54, 500 bushels compared with 974.-
900 bushels year ago. Minneapolis. Duo
iuth and Chicago reported receipts of 678
cars, against 469 cars last week and lis
cars year ago.
Corn Is Weak
Reports of comparatively small damage
to the crop by frost during the previous
night and liberal primary receipts caused
quite general throughout the day, and the
buying was mainly by shorts. The market
closed weak and near the lowest price
%@% lower at 505sc to 59a4c, sold be
tween .5eAc and sic and closed at 50A q
5ossc., Local receipts, 237 cars, with u
OF contract grade.
pressing effect on the oats market. The
principal trading was IN the May delivery.
The market closed at the low point.
After opening B@Ac lower at 321ac to
32Mc. December ranged between 31kc
and 80 n @32 3sc, closing at 31Nc. Local
receipts were 80 cars.
- Laquida ton due to increased hog re-
sceipts and to the break in grain prices
caused weakness in provisions. The trad
Ing was fairly active with an increase of
outside business. The close of January
pork was down 174sc at S13 10. Lard was
off 5@71sc at 81. 80. Ribs closed at Sc so
-@6. S21a, a loss of TIC.
Estimated receipts for tomorrow:
Wheat 1874 cars; corn, 1856 cars; oats, I85
cars; hogs, 3,00o head.
Range of Quotations
The leading futures ranged as follows:
IOpen. High. [ Low. [ Close.