The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-19
PROPS DESERT WHEAT
PRICES CLOSED AT THE LOWEST
POINT, FOUR CENTS DOWN
Fine Weather Continues, Cables Are Low
er and Shipments From Australia In
cresse-corn Also Declines
CHICAGO. Sent

CHICAGO. Sept. 17-Continuation OF
e1ceHent weather conditions knocked the
iast props from under the wheat mar
k ias today. grecipita ting prices cents be-
low yesterdays final quotations. The
market closed practically at the lowest
point OF the day. Corn IS OF &C. Oats are
down nc and provisions 5D7Tc.
The opening In wheat was weak. the
~ geSeemDer option being down H@Hc to
A@Ac at $I.12x TO 81 Is. MAY was on
7 = g4t ;,t to A@Ms at 81 .l4A to 81: 14lk
WEAKNESS were numerous. The most
prominent factors. however, were lower
caa ,., big increase in shipments from
Australia and continued fine weather
throughout the wheat growing sections of
the United States and Canada No news
OF poor threshing returns was in evil
orders there was apparently nothing for
the market to do except decline The oft
neraided free movement In the country
Northwest seemed to have begun in
ruth today being much heavier than for
the corresponding days last week and
year ago AS result Of the more lib
erai arrivals, the Northwestern markets
We're weaker. Lower prices in those mar
kets added downward impetus to the de-
Ginning prices here. From the start there
was a lot OF long wheat for sale and
commission houses had numerous stop
loss orders to execute. A little demand
from shorts was totally inadequate to
stem the receaing prices. the market be
u.
During the final hour of trading the de-
sire to sell became intense and prices
bp a sharpy The low point on Deeem
to fill. Closing quotations on Deem
per were at $l.0s@L0Sh. May closed at
: Ciearances of wheat : and flour were
equal to 79. 500 bushels Primary receipts.
were 929, 500 bushels. compared with $685.
i00 pusheis year ago. Minneapolis, Du-
luth and Chicago receipts were 709 cars,
aga INST 33S last nd rove
year ago.
Not a Good Day for Corn
; Good maturing weather, lower cables, a
continued heavy movement of the old
crop and the break In wheat tell the story
of weak corn market. Private messages
from the country regarding the condition
OF the new crop were decidedly bearish,
fully 80 per cent Of the crop being re-
ported safe from damage by frost There
entire session. Buying was largely by
shorts. December opened Ac to &c low
er at 5o1kc to 5ozsc, sold Off to Soc and
cars, with "a of contract grade
Considering the weakness Of wheat and
corn. the oats market held remarkably
steady. There was only moderate profit
taking, while a fair demand was mani
tested the entire session. December open
ed &c to Y csc lower at .321k @32ssc to
closed at S2ssc. Local receipts were 17S
cars -
The bulk OF trading in provisions was
in the way OF changing from the October
to the January delivery. Prices were a
trif1e lower in sympathy with the weak
ness of wheat and corn. At the close jan
uary pork and lard were each down INC
at So .675z and 7.02 and 81 .05 respective
~ Ribs We're off &c at S. 6U@6. 625k
Estimated receipts for Monday: Wheat.
53 cars: corn. 535 cars: oats, 40 cars;
hogs. %, 600 head.
Range Of Quotations
The leading futures ranged as follows:
Omen I High 1 .nU | .CylaSfa