St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-08-03
Boom in Corn Continued Yes
tepday With a Rise Of
1873 Cents,
WITH NO SIGN OF BREAK.
Wheat SIS Cent Stronger in
Sympathy With the Ad-
vance in Corn.
BROUGHT DID THE WORK.
Stronger Markets in Oats
and Provisions Also Re-
ported.

CHICAGO, Aug. 9. The dry, hot
weather is still doing its destructive
work TO corn, and with prospect IN.
relieved by any sign of Immediate gen
eral rains. a consequent advance to-
day of 80 in wheat and 9Sc in Septem-
Der corn, with stronger markets also for
oats and provisions, resulted.
Wheat more active, prices covering
lie range. The feeling was stronger,
and higher prices prevailed. The
better feeling was attributed to the
action of corn, the higher cables, re-
ports of wet weather aboard. and buy
ing orders here for foreign account.
The smaller arrivals and falling off in
receipts att primary markets were also
something of factor. Another factor
was that operators were less disposed
TO sell short, AMI also a feeling in same
quarters that the markets had turned
and it would be difficult to keep the
price down. The market opened With
an Sc &c advance, with September at
$3.50, and sold down &c. advanced
84@5sc, declined s5@Hc, rallied $l@Xc.
eased off re, changed some. ruled
steady and closed at 54]5c. for Septem-
Der. The export clearanceS were large.
Selling at the advance caused temporary
declines. but the close was only &c
from the days top figures.
Corn was excited, and the market
wide. The Telling prevalent was con-
tinuation OF that of yesterday, and
prices again scared higher. September
Nj hao
alarmed at the situation, and covered
freely. resulting in sharp advance,
and May sold up III sympathy. The
small receipts, light stocks. good cash
demand, with the bulk of the regular
corn supposed to be held largely by one
Interest, created considerable OF a stir
among local shorts, who were anxious to
cover, and found very little for sale at
this. local professionals being less dis
posed to trade In that future. and the
most OF the business was in May. The
market opened from &c under to a
tritie over the final figures of yesterday,
with September at 473<c and May at
G7c, and gradually advanced SIC for
September and 1$lc for Nay; eased &c.
rallied I@1c, changed some, rule1 firm.
and closed at 1890 for September and
4S@5c for May. The weather map
showed the raining area is extending,
but Iowa and Nebraska have practically
had no relief as yet. and in many cases
the Iowa crop is past the help of rain.
Outside markets were all higher, and
quotations from cables came in quoting
an advance. The Washington forecast
for the next thirty-six hours was not
very encouraging to shorts, indicating
dry and warm conditions for Iowa and
Nebraska.
Oats were active and stronger on good
demand, scarce offerings and the bulge
in corn. The range for September
was &c.
Provisions were lower at the start on
liberal live hog receipts. but tirmed up
on the advance in corn, and closed near
the top. Trading was light. Compared
with last night, September pork is 1910
higher, September lard &c higher and
September ribs 719c higher.
Vessel room for wheat and corn to
Buffalo al &c.
Theleadlng futures ranged as follows: