The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-15
? THE DAYS TRAN5ACTIONSINT THE Markets
WHEAT GOES OTHER way
LIQUIDATION RESULTS IN DECLINE
OF NEARLY TWO CENTS
Prices Abroad Are Lower and Market
Here Is Weak Most ct the Session, but
Is Relieved by One Good Bulge

CHICAGO. Sept. 14.-Lower prices in
foreign grain markets caused liberal hqui-!
dation OF wheat here TODAY. resulting in
declines Of nearly 2c.-s Corn also was weak,
the December option closing with loss of
%@kc. Oats are down nc Provisions
are up 211ke to TIC.
At the opening the wheat market ex-
perienced considerable weakness initial
quotations on December being off kc to
1c at $1.14A to 81 .15A May was down
4 q nc to @fc at SLY to ST. 175ss: The
values was the indifference of European
grain markets to the sensat ional advance
here yesterday, Liverpool reporting an
opening decline of sd to sd In the price
of wheat futures. From the start the
market was subjected to heavy realizing
sales A report that prominent buH
operator was selling freely induced con-
terests. The weakness of the grain mar
kets at minneapolis tended to bring out
increased offerings. Before the end of
the first half hour prices had dropped to
quotations, December declining to 81 IA.
May, sold off to 81. 16 II. On sudden
squirt In corn prices there was renewed
sp Iau OF wheat The Sresult was "a
SHARP bulge. December wheat advancing to
81 1914 and May to 81 .1SA- Small pri-
mary receipts and an active cash demand
aided in the upturn During the last half
hour the market weakened rapidly under
heavy realizing sales. The close was at:
the lowest point Of the day with Deeem
Der at S1.14, final quotations. on May; were
at 81 .16, a. net loss .ofss1A62c
Clearances of wheat and -four !. were
equal to So 200 bu. The worlds visible
SUPPLY, according to sBradstreets, showed
AN al. increase Of $50 300 bu. Primary re
4 a 900 bn year ago. Minneapolis. Du-
lufh and Chicago reported receipts of 469
cars. against Al cars last week and 7s9
cars year ago. *
Corn Also Loses s.a -stst
Weakness prevailed in the corn. market
early IN the session owing to the failure
ITO lnaterialize during the night of predict
ed frost. rains over the greater portion of
corn belt having protected the crop from
damage in that direction. The initial de-
nuence In the corn pit. Later in the day
the market suddenly turned strong the
Dull factor being a Minneapolis, crop #ex-
per5g estimate on the total yield, Ac-
ngures should be discounted by 800 &c.,
wv bu. The market again weakened Efte
IN the session under liberal liquidation,
the selling being a result of private adj
vices claiming little damage by frost to
the crop. Another bear factor was the
heavy, primary receipts. The close was
near the low point. December opened &c
10 9sc lower at 52Bc to 53Ac, sold be-
tween 52Ac and SAX C and closed at $50
% Bc. Local receipts We're $40 cars. with
SO of contract grade y
- Oats were largely governed NV the
course OF other grains Trading was LIGHT
as result Of small offerings December
opened Bc lower at 33Ac sold between
, &c and S3zs and closed at 33hc. Local
receipts were 81 cars ~ =
:! snaH receipts of hogs: and higher prices
a. the yards impaired a firm undetone to
the provision market. Trading was light
and confined mostly to pit traders A
-1eateEe or trading was the selling out .of
the October products. At the close Jan
nary pork was up. q V at 81. 7z5z. Lard
ana RIBS Were each up 2ak@5c at $7.17k@
~ and: $6s6fA, respectively. srsiist ,..si
f1stTmated - receipts for tomorrow
wheat, sP8 cars corn,-c436.- cars; oats, 100
cars and hogs. 900. =
Range of Quotations
. The leading f,,t,I..ss ,,ere.sl