The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-24
MARKET SUMMARY.

CHICAGO. July 23.-Wheat was extremely
weak throughout today's session, closing at
the bottom at 27sdSc decline for Septem-
her since Wednesday. Liquidation was heavy
and a reaction in consequence occurred corn
was firm, closing a shade lower oats lost
1s6Lc. Provisions were weak early, out
reacted. Pork closed unchanged Lara ana
ribs declined 2lAc and 5Q712c respectively.
The first quotations made in Liverpool for
wheat this morning was at 11sd decline but
before trading commenced here it had re-
covered the loss and had something to the
good That caused the opening here to show
some Improvement over the lowest prices made
on the curb yesterday. First prices for Sep
TENDER were from 1874 to 1880, but selling
became too heavy to maintain the ngures, anu
1t weakened and sold down irregularly to
T29sc in the course of the first forty minutes
of the session During widespread intervals
July was heard from at about &c premium
over September Chicago receipts since
Wednesday morning were 141 cars, le1 OF
them new. Last year for the two correspond
ing days 291 cars were received, 27O of which
were new wheat Minneapolis and Duluth
received since yesterday morning S69 cars,
against 3D. a week ago and 2S6 the year
before. Crop reports were most favorable.
ThreshingS in Kansas are giving yields that
vary from 16 blu minimum to 4S bu maximum
per acre. Reports from Europe about Rus
sia's present offerings were contradictory.
One dispatch from Berlin said they were
increasing; while Antwerp reported no in
crease in Russian offerings and none ex
peCted before September. The closing cables
gave Paris at about &c per blu decline, but
Antwerp at a considerable advance-equal TO
&c for American red winter and &c per blu
for Walla Walla. Liverpool closed at an ad-
vance for spot wheat of 112d and of Id for
July and sd September. The resell!ng here
of a cargo Of wheat previously bought for
export one of the weakening factors and
the receipt of 900 Blu at Kansas City like
wise had a bearish influence. Clearances of
wheat and -four from Atlantic ports since
Wednesday were equal to $4,000 blu. Long
wheat came out at every resting place, and
1t is safe to say that one house that has
been prominently identified with the buying
during the recent advance disposed Of.
through their own and other brokers, up
ward of 600 Blu. The price got lower
and lower as the session progressed, and
closed only shade above the bottom. Sep
TENDER opened BQ1c lower, at T3A@73asc,
declined with slight reactions to 71hc, clos
ing at 71A0n2sc.
Corn was remarkably strong, considering
the break in wheat. The receipts were
LOCI cars. September opened a shade lower
at 269sc and sold sparingly at 1-16c below that
before it rose to 267sc. The effect of the con-
unued decline in wheat could not be entire
ly ignored. however, and it reacted to 265sc
and closed at that price bid. Oats displayed an
easy tone all day. September opened 1s@Ac
lower, at 1712Q175sc, sold up to 175sG17Ac,
off to 17l2c and closed with sellers at 171A@
173sc. Provisions acted heavy during the
greater part of the session and trade was
not very brisk at any time. Pork for Sep
TENDER opened 1OG12c lower, s7.6O07.62, rallied
and closed unchanged at SIP. Lard opened
nc lower at $40, sold at $4.0712@412k
closing 712c lower at $4.10. Ribs opened
71@c lower at $4.45, rallied closing 21kc lower
at $3.50 Estimated receipts for tomorrow:
Wheat, ITO cars; corn, GOO cars; oats, $40
cars; hogs, $4,000.
The loading futures ranged as follows: