The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-07-30
THE BULLS HAD THINGS TO THEM
SELVES IN THE CHICAGO
PIT.
ADVANCE IN BREADsTUFFs.
UPWARD MOVEMENT FROM
THE START.
Corn Went Up and Provisions Were
SympatheticaIIy Influenced
by Bu1Iish News.

CHICAGO, July 29-Crop failures in
Russia and damage to harvested wheat
in Ohio, Indiana and Michigan caused
that cereal to advance 112c on an active
speculative business for the Septem-
Der option today. Corn recovered 19c
per bushel on covering by shorts, and
oats were strong because of the bad
reports concerning the crops. Provi-
sions rose alphabetically with grain
There was good trade and fairly
active market in wheat, prices chang
ing quite frequently within 11ac range.
The feeling displayed was somewhat
stronger and slightly higher prices
ruled, the close showing a gain of
IL @1asc. The early strength apparent
ly came from the foreign situation.
Liverpool cables showed no change in
prices, which in the face of the break
here yesterday was taken as an in
dication of firmness and was said to
be due to bad weather on the other
side.
London advices reported the crop in
Southern Russia damaged, and, though
reports of this character were in cir
culatlon two days ago, it added some
thing to the price today. The falling off
in the local movements and the reports
or light acceptances to last nights bids
by the country was also something of
SlIeHS lHeulLS influence. Ddmdg o
claims to wheat in shock were numer-
Gus and was something of a factor
The market during the early part of
the day acted as if a little oversold
yesterday, and many of the recent SELL
erS were fairly active buyers The
weather in England was reported I'M
settled. The map on this side showed
favorable conditions. Second cables
came little easier and caused a
moderate decline, which was helped
along by professional selling Brad
streets showed a decrease last week
in the worlds available supply of 740,-
COO bushels, the decrease for the same
period last year being 4,254, 900 bushels
Paris quoted wheat 10@2O centimes
off. Berlin was 11a@A marks lower, and
Antwerp was unchanged There was
good advance in corn, the bulk Of
which took place during the first two
hours Of the session. and the feeling
developed was somewhat firmer, there
being a natural reaction after the late
continual decline, and final figures
showed %@1ac- advance There was
free and active buying by several Of
the more prominent shorts who have
sold literally Of late and the same was
supplied by the elevator and receiving
interests Oats were active, stronger
and higher, with an advance of 12@Mc
which was maintained at the close
Opening prices were the lowest and
there were few reactions on the way
up. The features were the confirmation
of the crop damage by the weather
bulletins, the damage in Iowa being
especially significant Parties in the
interior who have made sales to ar
rive, have been unable to get the oats
owing to the crop damage and the
rains retarding the threshing and have
cancelled their contracts. This neces-
STATED free buying in Of September by
commission houses. Estimates: Wheat
IS cars; corn $50 cars; oats 12O cars;
hogs 900 head.
Provisions were fairly steady during
the forenoon and active and advancing
near the end of the session September
pork opened at $6.05, declined to Sc. O2.
worked gradually up to $6.10 and near
the close had a rapid bulge to 1925,
with $500 the final price. That shows
an advance for the day of 15c and Jan,
pork advanced TIC. Similarly, Septem-
Der lard gained 5@712c, while January
only advanced 21Ac, and September ribs
TIC, while January was advancing Sc
The leading futures ranged as follows