The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-03
GRAIN PRICES co DOWN
6EARisH WHEAT CROP ADvIcEs
HAVE THEIR EFFECT
Wetness IN the Northwest Causes Firm
ness at the Start, but Unresponslve Ca
bies and Other Things Inspire De-
cline


CHICAGO, Sept. 3.--Unresponsive cables
and bearish crop advices resulted In a set
Dack In wheat prices here today, the De-
cemper option closing with loss of %
Wi11c- Corn was down k@Mc. Oats
showed loss of Nc. Provisions declined
215c to 10c.
Continued wet weather in the North
west caused firmness in wheat at the
opening, December being up shade to
A@ssc at $1.091s to s1.09ss. Foreign
gram markets, however, failed to respond
TO the strength manifested here yesterday
and this indifference soon made itself felt
among pit traders here. On the slight
Initial advance there was. considerable
proht taking which quickly dissipated all
trading. which was of much smaller vol
ume than for some time was. an absence of
business for outside account, Several
prominent longs were moderate sellers, and
there was also fair selling by smaller
holders. The short session of the board
tomorrow followed by holiday on Mon
day was responsible for much of the sell
ing pressure. The market was further
weakened later in the day by revised
estimate of the total yield of wheat for
minnesota and the Dakotas made by
well known Minneapolis crop expert,
whose figures showed a slight increase in
the crop compared with a previous state
ment. According to this authority the
total yield of the three states would APP
proximate 49,, 900, 600 bushels. The fact
that country elevator stocks in the North
west were easing also had depress-
ing influence. A report Of st. Louis
trade journal stating that the weather in
ing was another bear factor. The market
continued weak the rena inder of the
day, the close being at the low point. with
We're $4,000 bushels. compared with
equal to 59, 600 bushels. Exports of wheat
and flour for the week as shown
by Bradstreet's, were equal to
1,S31 600 bushels. Primary receipts
Clearances of wheat and flour were
apolis, Duluth and Chicago reported re-
ceipts of BAT cars, against Sol cars last
week and 333 a year ago.
Corn Likewise Droops
Sentiment in the corn pit was affected
by large local and primary receipts. The
weakness of wheat also had depressing
session. Trading was Of small volume.
The market closed near the lowest point OF
the day. December opened Ac to- Nc
higher at 525sc to 52%c, declined to 51Ac
and closed at 51M @52c. Local receipts
Trading in oats was exceedingly quiet.
The market was influenced mainly by
the action Of corn. December opened a
shade lower to &c higher at 1885 @33Zc
to 33Ac. sold off to 3SAe, and closed at
SO &c Local receipts were 27S cars.
B Provisions were weak largely as re-
suit of a lack of demand, trading IN nog
products being almost at a standst1a The
decline in grains also had some effect. &c,
tober pork closed with net loss of POO
221scs at s11.Q75z oil. 10. Lard was down
2h @5c at $7.071z @7.10. Ribs were off
;10c, closing at $7-321R.
Estimated receipts for to I'm OF sSs
Wheat, 70 cars; corn, BAL cars; oats, $50
cars; hogs, 10000 head.
Range of Quotations
The leading futures ranged as follows:
IterJ,l IL /