The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-23
SUMMARY OF THE DAYS TRANSACTIONS IN THE MARKETS.
WHEAT IS A GAMER
IMPROVED DEMAND FOR FLOUR IN
sTHE NORTHWEST BOOSTS
Market Opens Somewhat Easier and
: 4 iauidatien induces Further Decline
Il Then 7uI'ish Conditions Appear-corn
Is Lower

:. CHICAGO, Sept. 22.-Improved demand
for -four in the Northwest was largely re-
sponsible for strength in wheat here to-
day. Another vital factor was cash grain
in southwestern markets. AT the close
December and September deliveries of
wheat showed a gain Of 1910. Corn is
off NW3sc Oats are down A@1zc. Pro-
visions are steady.
Under the influence of lower cables and
favorable weather throughout the corn belt
wheat opened trifie easier, December
and May each being unchanged to nc
lover at 81 .087s to 81 .09 and 81. 18ss to
81 .D& respectively. Moderate nquida-
tienal decline, December selling off to
81 085s and May to 81. 103s @1 .16!s. The
decline apparently was due more to a
session advanced trading became more
brisk. prospects OF rainy weather in the
Northwest bringing out "a number Of buy
ing orders from commission houses
ing credited to the leaders of the bull
clique. The market gradually assumed a
strong undertone which developed into de-
situation in the Northwest was perhaps
the most prominent factor that contrib
;uted to the improved feeling in the wheat
dicating decidedly increased demand
News from the Southwest also was bull
lSh, a private message from st. Louis
predicting radical falling off in wheat
ment. however, was largely offset by the
days total primary receipts which were
considerably in excess of those of a year
ago. An advance of 8 cents in the price
of cash wheat at Kansas City accounted
for much of the late bullishness in spec
sulative trading here. The market closed
PRACTICALLY at the highest price, of the
reached at .$1.105s and final figures were
at 81 .101a May closed at 81 .12A.
eoua "a e S bushels MaSt and P ery
ceipts Were 1.152,600 bushels, compared
with $4,000 bushels year ago. Mime
agolts pu ast and Chicago reported re-
week and 115 cars year ago.
Corn Is Off Again
2 Higher temperatures throughout the
West were the main factor in producing
a weak corn market. A report of a Gin
cinnati trade journal, however, had much
Ito do with the general liquidation that
The report claimed that 80 per cent of the
corn crop. Is now safe from frost. thus
in SUI ing to a. certainty a total yield Of
weak from start to finish. December
opened a shade to 14@Tc lower at soc to
1so54c, sold between 4sssc and 5o14e and and
e1ssd with Il s. OF e sss fe gTaae were $50
Heavy selling by cash houses and
liquidation by local longs caused weak
ness in oats The declining tendency. Of
class oats were factors that could not
be resisted. December opened unchanged
to 1sc lower at 31s4c to 31Bc, sold be-
tween 31Ac and 315sc and closed at 31as
@3111c. Local receipts were $50 cars.
: Provisions were steady in sympathy
with hogs. Owing to a strong cash Sit
uation there was considerable bullish talk
on LARD, and this had some. effect on the
induced little liquidation BY outside
holders At the close January pork was
up 21se. at $13.1211a Lard was off 11kc at
81 .212.s Ribs We're a shade higher at
: Sc. 80.
Estimated receipts for tomorrow:
Wheat, 81 cars; corn, 354 cars; oats, 176
cars; hogs, $4,000 head.
Range of Quotations
Theeleading futures ranged as follows: