The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-04
MARKET SUMMARY.

CHICAGO. Aug. S.-Wheat h~esitated for
half an hour at the opening this morning,
and then under the incentive of immense
foreign buying of the cash article, began
4 steady climb. closing 112c higher. Corn
gained 2sGl2c; oats B@Ac. Provisions were
animated and gained 1212Q25c, the latter in
pork.
AS has been the regular custom of late
wheat started strong at an advance over
The previous days closing price, and for
The same reason as on former occasions-the
strength OF some one or the other of the
foreign markets. This morning 1t was Liver
pool, which before trading commenced here
reported an advance of 2lzd per GENITAL for
September delivery. or the equivalent of
three cents per bushel since Friday last.
The advance here in the same time, taking 76c
rs the price this morning, has been 11c per
bu. just one half that at Liverpool. The first
traders in September were at 76c, with a
few as high as 76Ac, but the advance brought
out very heavy offerings, and a quick break
at 1850 resulted. 1t soon recovered to 76c.
and during the next hour it 1uctuated be-
tween 1874 and 76Bc. The Russian sh p
mepts to Europe last week were much
heavier than had been looked for, and made
the total from the chief shipping Countries
TO Europe SOB. 600 blu against 1851, 900 bu the
week previous. The quantity on ocean passage
Increased 1000 blu. Chicago receipts were
331 cars of which 81 were from this years
crop. Minneapolis and Duluth reported 81
car loads received, against 400 the year be-
fore. Liverpool stocks of wheat have teen
reduced 1876, 600 bu since July l. DISPATCHES
from New York kept increasing the number
Of boat loads bought for export there until
at u O'Clock the number had risen to 119,
and they claimed 10Q worEed yacfardo-. wal
Ing PIG for two days, or the equivalent of
1880 Blu. Some Of that business was
wheat bought fol shipment at Chicago. The
bulk of the export takings were credited to
the continent. but the United Kingdom was
likewise in the market and took spring wheat
here. The closing cabiegrams were strong
Farls ~ centimes higher for flour, and from
10 to % confines for wheat, while Antwerp
showed another 25 confines rise for American
red wheat and Liverpool closed with a net
gain of I'd per GENITAL. The primary Western
receipts were 795, 600 bu, against 595, 511 blu a
year ago. Bradstreets made the worlds Wis
!ble $1,000 blu more than it was last week
but to that has to be added an increase ON
The Pacific coast during July of !, 135 600 bu.
Export OF wheat and -four from Atlantic ports
for the day were equal to $40, coo bu. Toward
the end the amount of business done for ex-
BON No0 PolOI " y DOdl lOduS dl the
seaboard, according to some reports. and to
$4,000 bu here, which merely gives an in
clcation of the vast demand as it appeared
TO the majority. Forty or fifty boat loads
more or less cut no figure. September touched
the highest figure for scnle time, react ng
only Ac. September opened 12@Ac higher
at 76Ac; sold off to 7512@Bc, advanced to77Ac.
and closed with sellers at nc.
Corn continued to- rule stronger, Influenced
py the advance in wheat and the dry. no.
Weather that still prevailed in Kansas. Tho
mars crop report for the month was mlde
pqbhc early in the session. but it's estimate
OF a prospective yield of 2,627, 900, 900 blu was
conSldered so excessive as to be altogeter
rId.cuIous. The general opinion of it was that
II was only the triiing quantity of 800, 600. 900
ou too high. 1t was ignored by the traders
as IS obvious from the days advance in
price. September opened k@Ac higher, at
from 28h42SAc, sold for a while between
Ze2 and 2S5sc, and worked stronger as the
session progressed. After advancing to 29c.
the market closed at 28Bc. Oats were not
as active as expected. There was quite a
good independent inquiry from the outside
as well as local people. Sympathy with wheat
heIped considerably in the advance. Septem-
Der opened unchanged at from 17%617%c
sold at 1SG1Skc, and closed with se-Ie.s at 1Sc''
Provisions opened strong at 1Oc, advance
each Tor pork and lard and 72c for ribs, due,
II was said, to hog receipts being 2 90 head
less than estimated Receipts West were
liberal, however. The strength of wheat
caused some buying by local operators. A
Dig line OF September ribs was sold ouc earlv
but taken back later at higher prices. Sen.
Ic higher, at S437; RIBS 1212c higher, at 81 so.
Es1mates-Wheat 1856; corn, 1000; oats, 365;
hogs, $4,000 head. wv
The leading futures ranged as follows.