St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-07-13
SEPTEMBER WHEAT ADVANCES
STEADILY, GAINING 3-Sc
IN THREE DAYS.
STRONG FROM THE START.
a SLIGHT REACTION, FOLLOWED
BY A RECOVERY THAT
HELD GOOD.
FOREIGN QUOTATIONS HIGHER
Crop News From the Northwest
Reiterates the Reports of Ma
terial Damage.

CHICAGO, July u. - Wheat was
strong again today on a continuation
of reports of damage to spring wheat
and light receipts at winter wheat mar
kets. a lot of $1,000 bu of red winter
wheat was sold here for shipment to
millers in Ohio. An advance of an
other one cent per bushel since yes
terday was the consequence. Corn ad-
vanced 1Ac per bushel for September
and declined 1sc for May delivery, and
oats closed &c lower. Provisions were
weak in the end, Notwithstanding light
receipts of hogs. The wheat market
opened very strong at from 673sc to
673scfor September, and it took only
about fifteen minutes continuance of
the opening push" to get the prices
up to 6S7sc, or 63sc per bushel recovery
from the lowest point it touched SO
RECENTLY as ON Tuesday last All the
reports of threshing returns con-
firmed the worst which has been said
of the thorough destruction wrought
by heat, dry weather and insects in the
winter wheat country. Fairly liberal
deliveries of winter wheat were looked
for as soon as threShing should fairly
get under way, even if the crop was
small, but there has now been ample
time for the farmers to get their wheat
in and it does not come 1t now ap-
pears probable that, no matter what
may be the outcome to the spring
wheat, the deliveries from the new
winter are likely to be so small as to
insure a weekly reduction in the Wis
ible until the new spring wheat is
ready for delivery. Farmers have had
their wheat ready for a month, and
yet the aggregate today received at
st. Louis, Kansas City, Toledo and
Detroit was only 100000 Blu, compared
with 10000 blu ait the same place a.
year ago, and the crop at this time last
year was only beginning to be
threshed. The foreign markets were
higher. Liverpool was up I'D at the
opening, Paris 10 centimes and Berlin
from 8 marks to 81 marks The Lon
don Times estimates the condition of
the wheat in the United Kingdom at
1913 on an area Of 20 per cent smaller
than that of the year before Export
clearanceS were small, only $4,000 bu
of wheat being reported as shipped
from the four principal Atlantic ports.
Chicago received 40 cars, 81 of which
were new and of the latter We're No.
red. Minneapolis and Duluth report
ed "A carloads, against 1877 cars on the
corresponding day last year. The ear
" advance to 677sc was followed by
downward react ton to 6719c, but fresh
buying gave it another upturn to
around 6S12c, all those fluctuations oc-
curing between the opsning and 12:15
p. m. The news of damage from the
Northwest was sufficiently convincing
to keep the market firm in the after
noon at from Csc to 6S5ac. More pos
itiveneSS was given to the latter dis
patches, which also gave details of the
extent of the country injured, and the
general opinion was by that time more
inclined to belief in considerable
damage. The seaboard reported no
demand for export, and Baltimore said
new wheat receipts were increasing
without any outlet for the stuff. The
latest trading here was at 6S14c.
Corn was very strong for September
and weak for May delivery. The fea-
ture of the trade was the covering of
September shorts, which was sufficient
1y general to accomplish, without other
assistance or influence, the advance re-
ferred to. The weather conditions were
perfect for growing corn, and that
prevented May from joining September
in the advance. The demand for cash
corn was choked off by the advance in
September and October Receipts were
17S cars and the shipments 10000 Blu.
Estimated receipts for tomorrow are
250 cars. Atlantic port clearances We're
10000 bu only. September opened 1sc
higher. at 443sc, ranged from 441ac to
445sc, and closed at 4534c.
Oats were featureless. The market
did not respond to the f1rmness dis
played in wheat and corn. September
ranged from 2311ac to 231sQ234c, and
closed at 233sc. Small receipts of hogs
had only a very limited and temporary
influence on provisions. They caused
an advance in pork in the first ten
minutes Of the session to S11.55, as COM
pared with S11.321a at the close yester-
day. After that the price tumbled to
$11.1212 and recovered to $11.2715 at the
close. Lard rose 715c at the start,
dropped PFC, afterward recovered PFC,
leaving the days decline at 21ac. Ribs
pursued a similar course to the others.
gaining TIC shortly after the opening,
dropping 15c and then recovering nc
leaving sc as the days loss. Liberal
selling on the hard spots caused the
easier feeling.
Estimates for Saturday: Wheat, So;
corn, $50; oats, 215; hogs, 5000
The leading futures ranged as foi.
lows: