The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-10
WHEAT is UNCHANGED
TRADERS FEAR GOVERNMENT RE
PORT WILL BE REARlSH
Therefore Many Dispose OF Their Hold
inas Giving Prices Lower Tendency
The Close Is at the Same Figure as
Thursday

, CHICAGO, Sept. 9.-Fearing that the
government crop bulletin to be issued to-
morrow would not confirm in entirety the
numerous recent damage reports many
traders disposed of their holdings OF
wheat today. As result prices had q
lower tendency. Final quotations ON De-
cember wheat. however, were exactly at
yesterdays closing figures. Corn was off
Ac: Oats were down k@hc. Pro-
visions closed practically unchanged
AT the opening of the wheat market
out the spring wheat country counter
balanced the effects of higher cables
causing a somewhat easier tone Initial
quotations on December were unchanged
70 se lower at $1.08A to $1.083s. Imme-
d1ately after the opening the market ex-
perlenced sudden advance as result
OF a Ialr general demand for May. On the
upturn December rose to $i.0SN but the
higher prices brought out liberal realizing
sales:s The consequent decline was as
abrupt as had been the previous advance
During the first half Of the session the
price OF the December option lowered
around s1.es. Although crop news from
the Northwest today was as buliish as
ever the demand lacked fhe energy mani
tors. who had recently been supporting
the market had considerable wheat for
SALE The selling by these big people was
lasseiy IA preparation for possible sur
prise. when the government figures on the
crop are given out tomorrow, Saturdays
short session being usually considered a
poor day on which to sell large lines
Toward the noon hour the market reached
the low level with December. selling at
N.07A. Some recovery was made on buy
ing due to small primary receipts. the
Clearances of wheat and -four were
equal to 14s;6e0 bushels. Exports of
wheat and -four for the week as shown
by by adstreet's We're equal to 1886. 900
bushels, compared with 1.16S, 800 bushels
q year ago. Minneapolis, Duluth and Chi
cago reported receipts of 424 cars, against
BAT cars last week and BOT cars a year
ago.
Corn is Off
the crop was perhaps the main cause of
a decline of nearly cent in the price
OF corn. Another factor bearing on the
situation was the Intimate that the
would be of bearish character. Several
large commission houses were persistent
sellers. The market closed almost at
shade shigher to MON lower at 52Ac to
52ho1s sold between 52ssc and 5dk c and
closed at 51k@5l%c: Local receipts
were 749 cars, with II cars of contract
grade.
For brief period at the opening the
oats market showed some ffrmness, but
soon weakened IN Sympathy with other
day trading was of light volume. December
opened a shade higher at .33c, sold off to
S21ke and closed at the bottom. Local
receipts We're 174 cars
Provisions opened firm on buying for
outside account, but later selling of pork
by Pite traders caused an easier tone
At the close. January pork was off Sc at
$12.525s. Lard closed unchanged at $7.17k
Ribs were a shade lower at $3.50
Estimated receipts for tomorrow:
Wheat. 70 cars; corn, 563 cars; oats, I65
cars; hogs II, 600 head.
Range Of Quotations
The leading futures ranged as follows: