The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-31
MARKET SUMMARY.
FINANCIAL.

CHICAGO. July 3O.-Bullish foreign news
predominated over big receipts in the wheat
market today, and the price OF that cereal
at one time showed an advance from yester-
day of 2Ac. Heavy realizing by the bulls. in
both July and September, broke prices 112c
from the top and reduced the net gain for
the day to sc Corn also suffered from liqui-
dation. but closed sc higher. Oats unchang-
ed. Provisions were moderately active, and
gained 5d10c.
Wheat commenced with great demand for
September at from IA TO 1859. Very little
was secured at 74c at the opening. During
the following two hours the price advanced
to 747sc. reacted irregularly to 1850, and rose
again about 11:20 o'clock to the former high
est point. The trade in the pit during the
time of these fluctuations was both active
and heavy. The Liverpool market was firm
and Paris strong. New York wired early in
the day that the continent was buying wheat
and Liverpool selling it. Cablegrams said
the continent was having heavy rains. and,
as the wheat harvest was in progress, that
construed bulliShly. The receipts here
were 231 cars, 1870 of which new, and
10000 bu were inspected out. Last year the
total number of cars was $50 of which 1872
were new. Minneapolis and Duluth reported
3O1 cars, against 2S9 year ago. The primary
market receipts amounted to $4,000 blu,
against $4,000 on the corresponding day Of
the year before Kansas City receipts to-
day were 231, COO a year ago they were 49,,
600 blu. The clearances from Atlantic ports
were equal in wheat and flour to $4,000 bu.
Great preparations are, however, being made
for foreign shipment, according to New York
adviceS, where it was said forty steamers
had been chartered yesterday, having ca:ac-
ity of 4,0G0 GOO bu, to load grain at the various
Atlantic shipping por.s. How much of thai is
for wheat was not specified. Antwerp showed
an advance of 2712 cenGmes for American red,
which is equal to &c per bu. Paris, for near
delivery. was higher by 25sc per bu, and
41ac per bu for the MISUNDERSTANDING term.
On the bulge to 75A@75%c, the offerings
grew amazingly large, and September drop
ped to 74Ac, rallying only &c. The big bull
interest in July, which has been the subject
Of much speculation, was announced as finally
closed today, the last holdings having been
dumped on the swell to 75&4c. Plenty of Sep
TENDER wheat was also thrown over. Septem-
Der wheat opened 9s@%c higher at 74@74asc,
sold to 747sc, to 1850, up to 75a4975Ac, down
to 74Ac, and closed at 7412c, a net gain of
&c.
The trade in corn was very heavy and the
market strong until within thirty minutes of
the close. One firm bought and another sold
$4,000 blu. The demand was because of
widespread belief in considerable damage
to the crop in Kansas and Nebraska, but re-
ports from these states were very conflicting.
September started about 26%4c, and kept grad
TALLY rising until about an hour from the
close, by which time it had reached 2S@2S1sc.
From that it fell of gradually to 275s@2734c,
and closed at 27%c.. Receipts were 1850 cars.
Oats ruled firm, because wheat and corn
did. Prices covered a slightly higher range
during the greater part of the session, but
fell backward toward the close and finished
just where they did yesterday. September
opened unchanged at 1734c, touched 173sc,
and sold up to 18c, and back to 175s@17%c,
which price was bid at the close. Provisions
ruled strong, and trade was active on run
of 10000 hogs at an advance of 1Oc. Sep
TENDER pork opened 211@5c higher at $7.75,
advanced to $7.95, and closed Toe higher at
S7.90G7.921a. September lard opened 212c high
er at $4.271h and closed at $43212 an advance
of nc. September ribs opened at 81. 82Q4.S5,
and closed with sellers at the opening price
Estimates: Wheat, 1853; corn, go; oats, 1885,
hogs, $1,000.
The leading futures ranged as follows: