St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-05
CORN GOES HIGHER.
Advance OF 5-Se, Making a
Rise of 5 5-8e for the
Week.
LONG WHEAT CAME OUT,
But After the First Decline
the Market Stiifen ed
Slightly.
OATS CLOSED UNCHANGED,
And Provisions Slightly
LoWer--Stoeks Decidedly
Stronger.

CHICAGO, Aug. 4.-The end of an
exciting week in the corn pit leaves the
price 53sc higher for September and &c
higher for May than those deliveries
were worth at the close of the preced-
ing week. The opening today was easy,
but it recovered and became very
strong, winding UP at higher price
than the closing quotations of any
previous session, closing &c higher.
Wheat was inclined to heaviness early.
but recovered on very heavy ciearances
from the seaboard, and in sympathy
with corn, and closed unchanged.
Oats nnished unchanged for May, and
provisions closed slightly lower.
There was not much doing in wheat
and fluctuations limited to 16@56c
range. Opening trades were at $3.50
September, $5915c decline, and sold
off a traction more, rallied 5S(0%c,
eased off little. ruled steady and
closed at $3.50 September. Some "long
wheat" came out early, but after the
the first decline offerings became small
er and demand little larger. The
market was affected mainly by the
heavy receipts, 723 cars, whereas 663
were predicted, and Mondays esti-
mates were placed at 100 cars. There
was good deal of changing going on.
buying September and selling Decem-
Der. Another large increase in the Wis
ible is expected, ond this acted as de-
pressing influence. The market was
helped toward the close by the heavy
clearings. the total wheat and flour foot
ing up 100000 bu. Dealers are figur-
ing on an increase in the visible supply
of 100000 to $500. 900 bu and heavy ip-
creases here.
Corn-Moderately active within mar
rover limits. The feeling continues
little mixed, the tone at the start being
easy, and tirmer later, the closing being
steady at &c advance for September,
and at 5s@$lc advance for May. There
Was an inclination on the part or hold.
ers to sell at the opening. and Initial
trades were at 1890 September, A0
&c decline, and after ruling steady for
while advanced 5s@3lc. eased off &c,
rallied M9Kc, and closed at 49%c Sep
TENDER. The weather map showed no
rain IN the corn belt, but temperatures
were cooler, and no frost was noticeable.
The early sellers found offerings quite
readily taken. and prices were we'll sup
ported. selling up later, being helped by
the rather nnpromis.ng predictions by
the signal service, which indicated no
rain, but, OH the contrary, clear and
warmer conditions. There was little
rain in the lower Mississippi valley, but
dry elsewhere. Receipts were smaller
than anticipated. only 2l3 cars coming
in, while the Withdrawals from store
were again very heavy at 2S4. 37S bu.
III oats there was fair trade within
narrow range. Prices did not vary
more than &c and at the close showed
a shade below yesterday. There was
good selling of September by the lead
ing buyers of yesterday and buying of
September and selling of May by the
elevator interests. The market acted
independent of other grains and showed
a good deal of strength. Receipts were
256 cars, all but one car being new.
The provision market was quiet and
prices steady, sc covering the fluctua-
tons i'll September pork and 215c those
III lard and ribs.
ErelghtS were firmer at re for wheat
and corn to Buffalo and &c tor wheat to
Milwaukee.
The leading futuresrangeda follows: