The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-30
MARKET SUMMARY.

CHICAGO. July 29.-Markets were general
" strong on the board of trade today wheat
opened buoyant and after an intervening
weak spell closed 114c higher. Corn gained
SIC and cats sc. Provisions were 1alrly
active and higher. Pork gained lOc laro lec
and ribs &c.
Tivernool opened this morning steady in
the face Of Chicagos decline the DAY oelore'
That with a firmness at Paris and the large
export purchases at New York yesterday
swept away the bearishness that had overcast
the last hour of the previous session. Sep
TENDER opened at from 7S4@7S9sc, a rise OF
ahout II Der bu A good deal was oftereo at
the advance for minute or two, but when
about five minutes from the start the price
touched 731kc, sellers became scarce, and the
price was rushed up TO 7Sl2c. A caple from
Paris estimated that France would have TO
import 100 900 900 blu wheat this crop year a
sale of 900 blu No. Kansas hard wheat
for export was made here yesterday afternoon.
All those matters became known shortly after
the opening, and, taken altogether, appear
quite sufficient to explain the strength OF the
early trading Chicago receipts were 172 cars,
of which 116 were new. The Minneapolis and
Duluth receipts were S73 cars, against 81
cars the wear before. The total receipts at
urinary markets were $4,000 bu, compared
with 565 600 bu last year. The excess of the
primary market receipts Is not very great
considering the estimated much larger crop
this year, but such preponderance as there
is this eason is all the bears have to sell
wheat on.
The price of September dropped at one
period of the session to 727sc and July, which
sold as high as TIC fell to 7594c The market
was steadied at the decline by New York
kilograms saying that % boat loads offered to
4ba had Tod
wired to the same effect, export house
there reporting all accepted they had offered
10 the continent Reports from the North
west were more hopeful about spring wheat
prospects. The Price Current estimated the
spring wheat crop at 225, 900, 900 blu, and the
winter at S25, 100000 Blu, making a total of
50,00O 600 Blu. The buying fever broke out
afresh and the high price of the session was
paid near the close. An advance Of &c at st.
Louis and very bullish messages from that
point were being talked of during the closing
squirt. September opened at 73Ac, sold at
731zc off to 725sc, rallied slowly to 7Sa4c, clos
Ing at 1850 bid.
Corn opened firm with wheat, but there
was an undercurrent of confidence in pres
ent prices quite independent of the wheat
market. The Price Current reported the gen.
eral prospect unchanged since week ago.
Of the Kansas crop taken as a whole, some
well informed people believe 1t to be giving
the year before. The receipts were ISL cars
and the quantity inspected out of store $685. 600
bu. Export clearances from Atlantic ports
were 1874, 900 blu. September opened 1sc high
er at 271sc, and gradually gained strength
until it reached 27as@2712c. 1t fell back 40
&c from that point, but became strong, and
again, with wheat near the close advanced
to 275sc and closed with sellers at that. The
market for oats was without important feat
ures. Shorts bought early and helped the
firm feeling which existed. Sympathy with
corn, however, the most influential item.
September opened unchanged at from 175sG
171zd175sc, sold up to 174s@1724c, and closed
at that price bid. Receipts were 1913 cars.
The provision market was firm on very
moderate amount of trading. September pork
opened at $7.721a, and later rose another &c,
and the close added 212c more. The
days gain was 12c. September lard started
at S4.20 being bid at the opening. Near the
end it rose to S4.25, and that was the closing
price. September ribs opened at $4.62k bid.
1t touched $4.6O94.621a a few moments later
and after that rose to $4.65. The closing price
was S4.671a, the last 21Ac being
added as the session was coming to an end
Estimated receipts tomorrow: Wheat, 25f
cars: corn, LIS cars; oats, 3S9 cars; hogs
a, 600 head.
The leading futures ranged as follows: