The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-25
MARKET SUMMARY.

CHICAGO. July 24.-Wheat closed strong to-
day at an advance of 1hc. There was Meth
ing made public that suggested any radical
change in the situation, although claims were
made of serious damage TO the spring wheat
crop by excessive rains. Corn was strong
throughout on hot winds West and light
country offerings, gaining &c. Oats also i'm
proved sc. Provisions were dull, but SYM
path!zett with the strength in the cereals and
gained 21a@10c. The Liverpool market de-
clined I'D for the September future. but
quoted spot wheat unchanged, showing q
much smaller decline than had taken place
here On the two preceding days. This re-
vived the dropping spirits of the bull crowd
and was the chief reason for the first squirt
in the price. Continental houses were good
buyers of December. A number of complaints
were received from the Northwest of excess
sive moisture injuring wheat and of it's bay-
ing flooded lands. Chicago receipts We're ISL
cars, of which III were new, and 112 ,0CO blu
were inspected out. A year ago, 164 carloads
We're inspected 159 CT which were new. Min
reapolis and Duluth received today 442 cars,
against 800 the corresponding day of the year
before. The clearances of wheat and -four for
beth coasts for the week were 1878 S2S bu
or about 10000 bu more than last week, and
compared with 3,073, COO blu on the similar
week of the previous year. The worlds
shipments to Europe for the week were esti-
mated at about 4,SGO.COo bu. The ciearancas
from the four principal Atlantic ports were
liberal, being equal to 100000 bu, 453, 900 CT
which were in the raw grain. Wheat opened
with a very general demand for September
at shaCe over The price it Closed at yes er-
day. The first buying very general
among commission houses, local spectators
and scaipers, but the buying rush quickly
subsded and the bear raid brought smart
reaction from 717sc for September to 71Bc,
which proved to be the low point CT the ses-
sion. There was a quick rally to 71hc and
a leisurely advance of &c more, followed by
a few swift bounds that took it to 729sc 1t
reacted from that to 72Ac, and then took an
other squirt to 721sc. After that the bears
were too much demoralized to do anything
The scare lasted to the close Of the session,
and September touched 73c. September OPEN
cd b@14c higher at 71lkc. sold between us
@73c, Closing at 72A@727sc.se 49,
The market for corn was excited through
out. Damage reports from the Southwest
were accompanied. by substantial backing in
the share of buying orders and prices ad-
vanced steadily until the closing Sep.em-
Der corn opened Ac higher at 267sc. sold at
26ac and advanced to 275sc, sing fh3ds
from the top. The strength of the corn mar
ket rather tended to stir up the short ele-
ment on cats. September opened unchanged
at from 177s to TIC, sold to 17Bc and was
offered at the price at the close, which shows
gain of 15@9sc since yesterday. The cash
department held steady. Receipts were 275
cars. Shipments were $4,000 bu. Provisions
were firm. September pork closed at $7.75;
lard. $4.17@4.2O: ribs at $3.50. Estimated re-
725 cars; cats, 800 cars: hogs. $4,000 head.
The leading futures ranged as follows: