The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-10
MARKET SUMMARY.

CHICAGO. Aug. 9.-Both bears and bulls
had a turn in the wheat market today and
the bulls came out on top. The reappearance
of the crowd known as the July clique on
the long side was the principle feature OF
the day. September wheat gained 1AQ1$sc.
Corn received some help, too, and advanced
14c. Oats were heavy and lost 4sc. Pro-
visions were dull and featureless. Pork de-
clined 715c and ribs sc; lard unchanged.
Wheat opened firm today, 18q$sc higher
than it closed Saturday. Notwithstanding ed
decline at Liverpool to begin with. Paris
was higher, however, and mail advices from
the Northwest were not so rose-colored as
they were, and generally the news of the
day favored buying rather than selling. The
visible decreased 164 OO0 blu, notwithstanding
the heavy receipts of the last week at the
primary markets. In connection with the
visible supply statement the fact of the Kan
sas City and Toledo having decreased, not
w:thstanding heavy receipts at both cities
last week, was a subject of general remark.
A fair cash business was done both here and
at the seaboard. Chicago receipts were 1913
cars and closing cables reported Liverpool
lower. Paris centimes higher for near
and so centimes lower for later deliveries.
1t was generally supposed. however, that the
quotation for the November term at Paris
Saturday was quoted in error l franc too
high, and that instead of so confines decline
the price cabled today was 60 centimes higher
than the true closing price of last week. The
general tendency of prices was downward
up to about Il O'Clock, about which time
the buIlsh sentiment began to assert itself.
Bears, meantime, had parted with a good deal
of wheat. The price of September, which
had sold early at 76c, declined to 1850 Out
side markets were strong and the bulls took
hold with renewed courage. Chicago ship
mnets amounting to over $4,000 Blu was the
strongest bull factor and was used in putting
the price of September to 771sc with a rush.
September opened Kos higher at 1874 @76c,
767sQ77c.
Corn was dull and inclined to droop until
wheat showed so much recuperat:ve strength.
Encouraged by the latter it recovered a slight
loss made in the forenoon, and closed for
the day with gain of Nc per blu. Receipts
large.
The number inspected in stock was l. 4OS
cars and the out inspection 400 900 bu. The
VISIBLE increased 1884, 600 blu, and now amounts
to 1851 600 Blu, against II 1SS, 600 blu a year
ago. The amount on ocean passage increased
100000 bu. Exports from Atlantic ports
were 1885, 46 blu. September opened unchanged
to shade lower at 26N@263sc, sold between
26Ac and 26Ac, closing at 265sc bid, an ad-
vance of nc.
Trading in oats was dull, fluctuations fol-
lowing corn The heavy receipts, 1000 cars,
caused the weakness, in the cash article and
Influenced speculation.
The visible supply showed an increase of
1900 bu. September opened &c lower, at
1612d169sc, sold at 1612c and 1910. closing at
1850 bid.
Trading in provisions was on a limited
scale
The run of hogs was $1,000, and prices
were &C higher. The packers sold moderately
on the opening advances and established a
slight reaction in pork and ribs. Lard held
steady. September pork opened 21Ac higher
at $7.SOG7.S5, sold off to $7.65, reacting to
$40. September lard opened &c higher at
$432, sold off to $4.25, closing with buyers
at that price. September ribs opened &c
higher at $3.50, declined to $4.67@4.7O, closing
at $40
275 cars; corn, 1,15O cars; oats, 700 cars; hogs,
II, GOO head.
The leading futures ranged as follows: