The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-05
MARKET SUMMARY.

CHICAGO, Aug 4.-The foreign demand
for American wheat today took on the APP
pearance of panicky apprehension OF made
Quate supplies. Exporters reported sales of
about 100000 bu here and at the seaboard.
This market closed 111c higher. The advance
was checked by the marketing of long line
estimated at 5000, 600 bu. Liverpool advanced
an equivalent of 21hc, Paris 29sc, and Ant
werp &c per blu. Corn yielded &c per bu
on timely rains in the West. Provisions
were active, advancing 171a@25c, the latter
in pork.
1t was again an advance at Liverpool that
supplied the motive for fresh rise in wheat
at the start September, which yesterday
closed at nc opened irregulariy from 777s9
771kc, the offers at the lower quotation being
trihing, however and very little changing
hands below the higher figure. These were
quickly added to by an energetic jump of &c.
1t dropped again suddenly to 777sc, and as
quickly rose again, that time to 7SAc. The
Liverpool advance before trading started here
was Pad per GENITAL, about the equivalent
of 2%c per bu. The great export business
done yesterday and numerous acceptances of
cargoes and smaller parcels offered by cable
yesterday afternoon from Chicago and the
seaboard, was, of course, element of the
influences at work that created the tardy
strength. The feverish fluctuations at the
same time gave an exact Interpretation Of the
unsettled feelirg among the spectators. The
price had another break to 1850 before the
expiration of the first hour OF the session,
and a rally to 77Bc.
Germany accepted everything offered last
night. and the United Kingdom bought what
No. 2 Chicago spring had been offered. 1t
was still claimed, however, that seaboard ex-
porters were having much trouble in getting
the Kansas hard wheat they had already
sold TO go abroad. Chicago receipts were 1856
cars, against IA a year ago. of which 1876
were new. Primary Western market receipts
were 776.750 bu, against $50, 140 bu the cor
responding day of 1896. The clearances for
export from the Atlantic ports We're very
liberal, the wheat alone being Ala, 922 blu. The
amount of export takings reported by New
York had swelled to 100 boat loads, and 25
loads, or 2OO0 900 hu, were reported done from
here direct. The latter was No. l northern
spring and No. spring. The latter grade
sold in considerable quantities between local
dealers at premiums over September prices,
ranging according to deSirabiity Of sample
from Il to 15sc per bu. AS indication Of
the demand still existing among country mill
ers for spring wheat 1t may be mentioned
that carload brought sc per blu premium.
The latest sensation in the shape of market
information was the closing quotations from
foreign markets. Liverpool wound up with a
gain for the day equal to 212c per bu, Paris
25sc, and Antwerp 4c per bu. Prices reached
reacting only &c. September opened 1A@Bc
higher at 7712G77Bc, sold between 1878 and
7S&c, closing with buyers at 7Shc.
Rains in Kansas, more particularly, but
also in other important sections of the corn
belt where moisture needed, created a
desire to sell out long corn. 1t came out
in great chunks, GOO blu lots were being
offered nearly all forenoon, and $4,000 blu
lots changed hands freely. Country offerings
ware very heavy because of the improved
prospects for the crop owing to the general
rains. The elevator peCp-e, who are in clos
est touch with the country dealers, were the
freest sellers. September opened at $3.50
2SS4c sold from 2Sss down to 271a@275sc, ad-
vanced to 2S1sc in sympathy with wheat, and
closed at 2Slsc bid. Oats opened heavy with
corn. Prices fell off a shade, but recovered
later under good buying by shorts. Septem-
Der opened at 17Ac, sold at 175s@17Ac, ad-
vanced to 1Sc, closing at 177s@1Sc. Provi-
siOns opened strong and higher, but became
easier for a time and then once more start
ed into activity and increased strength Ar
mours name was given up near the middle
of the day on a considerable amount Of
lard and ribs that had been bought carrier
and that was the signal for a general demand
that started and lasted throughout the re-
mainder of the session. September pork
closed at $780, September lard, s4.55; Sep
TENDER ribs, $497R Estimates: Wheat, IT'S
cars; corn, $50 cars; oats, 500 cars; hogs,
5000 head.
The leading futures ranged as follows: