The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-16
MARKET SUMMARY,

CHICAGO, July 15.-Wheat today opened
at a sc advance and added another 5sc to
the price before the session was over. 1t was
the same story of strong cables and Aght
new wheat arrivals and soft spots in the
market were few and far between. The line
weather was too much for corn and oats
declines of about sc each being the result OF
the days trading in those staples. ProVls-
ions closed at a small advance all around.
In wheat the Liverpool market again sent
higher quotations, much as 1850 per cell
tai advance before trading started here. mat
was the principal reason for September open
ing &c over the closing price of the day be-
fore. Another element of strength was found
in the receipts of new wheat, which were
light; today Chicago got only cars OF the
new crop. against 246 cars last year, and st.
Louis received only q 600 bu. Since the 1st
of July Chicago has received in the aggre-
gate only IS cars Of new wheat. against l,2o2
cars the corresponding time last year. Sep
TENDER opened at from 679sc to 61%c and
did not sell below these figures until after
nearly TWO hours trading, and meantime, 1t
sold up to Csc. Business in September was
good, but confined largely to the operations
of the local scalpers and spectators. Mime
apons and Duluth received 259 cars, against
2S2 a year ago. The aggregate of the days
receipts at Chicago, St. Louis Toledo, De-
troit and Kansas City as 1000 bu, against
256 coo bu last year. New York export houses
had acceptances from the United Kingdom
of offers cabled last night and houses here
that do a foreign business had their limits
for cash purchases raised today from lie to
115c per bu. The Atlantic port clearances
were equal in wheat and -four to 277,0 900 blu.
The buying of seed wheat for Argentine at
New York, and a cablegram reporting firm
ness in Russian markets and small offerings
from the interior contributed to the strength
which this market displayed in the last hour
of the session, and closed it up with a snap
at 6S14c, the top price of the day.
Corn was exceptionally dull all day. The
market. with the exception of a few minutes
after the opening when little strength was
shown in sympathy with wheat, was weak.
Fine weather and liberal coutry offerings
caused more liquidation than the dull market
could stand and prices gradually slid off.
The final bulge in wheat caused some recov-
cry. Local receipts were 4S6 cars. Septem-
Der opened at 269sc, declined to 261s026Ac,
and reacted to 263sd, where it closed. Oats
were slow and without independent feature
prices following the fluctuations Of corn.
There was considerable selling for country
account. A poor export demand was reported
Local receipts We're 294 cars September
opened at 1ShG1SAc. declined to 17a4c, and
reacted to 177sc, which was the Closing price.
Provisions were strong early on the Light
hog receipts and improved yard prices. A
decline followed on selling by packers and
general realizing. but later this was recov-
cred, the best prices Of the day ruling at
the close. The cash trade was the largest
in a number of days. AZ the close September
pork was $3.50; September lard, 50 921@@3. 3d.
and September ribs, A.S2l2. Estimates-
Wheat. u cars; corn, 40; oats, 295; hogs,
q. go iead.