The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-15
MARKET SUMMARY.

CHICAGO, July Alt was a contest in
wheat today between small exports and the
weakness of the minor markets on the one
side and strong cables, small new wheat ar
rivals, and a large visible decrease on the
other. The result was a drawn battle Sep
TENDER wheat closing exactly where it rested
yesterday. The other markets did not fare
so well, corn declining &c, and oats about
the same Provisions closed unchanged to
1OQ121Ac lower.
Wheat opened strong at an improvement
Of from 4c to 12c per bushel under the in
luence of an advance of from sd to sd at
Liverpool before trading commenced there.
There was a good deal for sale at the ad-
vance, and the marketing of wheat caused
the price to drop back to a shade below the
rate current at the close yesterday. Open
ing sales of September were made at 67A@
673sc, compared with yesterdays closing
price of &c. 1t was sod almost immedi-
ately to 6712c and then long irregular de-
cline ensued, the market resting at 5000
663sc at about II o'clock. The advance at
Liverpool was not the only encouragement
the bulls had to start with. The days sta
tistical developments helped them also. Chi
cago received carloads of wheat, five of
which were new, against 102 carloads of
new the same time year ago; Minneapolis
and Duluth got 1874 cars, compared with 273
the same day of last year. The aggregate
of receipts at Kansas City, st. Louis, Toledo,
Detroit and Chicago was 103,800 bu, COM
pared with 262,OOO Blu last year. The
clearance Of wheat and -four from Atlantic
seaports were again small, equal to III 900
Blu. The market here rallied easily from
breaks, and broke again with nearly equal
facility, but efforts 70 get the price perma-
nently below yesterdays closing figures were
unavailing. After its final decline Septem-
Der rallied again to a shade over &c, and
was 671sc when Bradstreet's visible was
made known. That showed a decrease in
Europe and aloat of 35C0,O0O blu, and
in this country of 1,446,OOO blu, or within
a trife of 100000 blu. The total de-
crease caused a quick recovery to 671kc, but
1t dropped again to SIC in the following ten
minutes That was the price asked at the
close.
In corn the favorable weather caused spec
ulative sentiment to incline toward the SELL
ing side, and caused a &c decline during
the morning. The firmness of wheat how
ever, acted as a constant restraint on short
selling, and the market recovered part of
the loss later in the day, following the gen
eral Improvement. The trading throughout
was light and mostly professional Local re-
celpts amounted to Ala cars September
opened unchanged at 26Ac, declined to 26$sc,
and recovered to 2612c, where it closed The
market for oats was dull and inclined TO
sympathize with corn. Most of the crop re-
ports were bearish, although there were some
conflicting statements. The cash demand was
good. Local receipts were III cars. Septem-
Der opened unchanged at 1SAc, and gradu-
ally declined to 1Sc closing at 1Sd1S1hc.
provisions started steady, but soon became
radically weak. The break in corn started
short selling, and offerings soon became
more liberal than the limited demand could
ABSORB, snort break in prices resulting.
Buying orders became heavier when whest
recovered late in the day, and part of the
loss was recovered. The closing was easy.
September pork, 10d12hc lower, at 7.4215 a
!.45; september lard about unchanged AT
500, and September ribs, 21hc lower at
$42712. Estimates: Wheat, y; corn. 40,
oats, 260; hogs, 81. 900 head NV
The leading futures ranged as follows.