The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-17
WEAKNESS ] IN WHEAT
THIS IS THE CONDITION FROM START
ToFINisH
Warmer Weather and. Lower Prices
Abroad induce Heavy Liquidation, Eci-
lowed by Break of Two cents-cor
Also Declines

~ CHICAGO, Sept. ia break of q cents
occurred IN wheat prices here today as a
result of heavy liquidation due to warmer
Weatner and TO lower prices In foreign
gram markets. The market closed almost
az the lowest point Corn was down 10
= &c oats were shade higher and pro-
Visions Se unchanged to s@75sc lower. !.
was characterized by extreme wea kuess
A belief that the present bull campaign
na ID reached its zenith apparenf1y pre-.
varied quite generally in the pit and as a,
result Ihes market was subjected to heavy
realizing sales throughout the entire ses-
sion; Warmer weather in the West and
tial factor affecting the market The inn
proyement in weather conditions together
with lower cables. caused liberal selling
AT the opening initial sales were made
closing quotations. December being down
q % &c to ss@Ac at 81 AN to. Sf.15 Il
y 3sH opened n A9c to Sg4e lower at
Cured soon after the opening on covering
by shorts, the May option advancing to
III 10y. The rally was only monenfaEy,
however, the market soon weakening again
under free offerings. The weakness INF
the wheat markets in the Northwest was
a powerful influence in the situation here
during the latter part OF the day. A de-
cline of cents in cash prices at Duluth
and sharp break in values at Mime
apoi1s seemed to presages a more liberal
country movement in that section Are
strued as bearish, the announcement being
made that weather conditions were. lex.
tremely favorable for seeding operations
and that large acreage was assured. Be
fore the declining tendency was checked
prices were fully cents below the high
point OF the day. December sold off to
liz and May to 81 14A. Final Quota
/. Maysclesed at SI.14M @1. 15
Clearanees of wheat and flour were
equal to- a, 500 bushels. Exports for the
week according to Bradstreet. We're equal
Ito 1885, bushels. Primary receipts were
952. 500, compared with 1165. 00e bushels
a year ago. Minneapolis, Duluth and Chi
cago reported receipts of STA cars. against
! 429 last week and 7s9 a year ago.
Prospects of better weather continued
large. primary receipts and the slump in
wheat were the. factors that accounted
for break Of cent in the price of corn.
crop Is now practically out of frost dam
ger. Longs were liberal sellers through
out the entire day. December opened u "a
!, Ae to A@&c lower at Size to SIC, held
151 1sc. Local receipts were sos cars with
3S iof contract grade
In spite of the weakness of wheat and
corn, the oats market held steady. Tire
volume of business was light, trading be-
Ing confined mainly to local traders De-
cember opened Ne lower at 32x @325Sc C.,
sold up to S2Mc and closed at the top.
Local receipts We're 112 cars.
: influenced by the weakness of corn and
by the continued liquidation of October
holdings, the provision market had an
the close January pork was down 25s@5c
at, $t2s75. Lard was off 5073sc at 81. 10
@a. Is7s. Ribs were unchanged at Sc 65@
- Estimated receipts for tomorrow .
Wheat. "a cars: corn sos cars; oats, I39
cars; hogs, II. eco head
Range of Quotations
The leading futures ranged as follows: