The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-20
Prey.

CHICAGO, Aug. 19.--Advances of INC
In September corn and %GD7sc in Septem-
Der wheat were the features OF today's
trading on the board of trade In corn
small receipts and large shipments drove
alarmed shorts to cover; In wheat damag-
ing rains in the Northwest and strong
foreign markets had a similar effect,
Oats advanced AQ2sc for September, and
provisions closed unchanged to PIC
higher
wheat opened strong at an improve
ment or 'sC over yesterdays latest prices
The advance had substantial backing
Foreign markets showed sharp advances.
Liverpool being up 2sQ%d ana London
12Q7ad. AdVfces in regard to the Russian
ana Roumanian crops were gloomy, and
this had considerable to do with the adj
vance at Liverpool and London. Domes
tic news was even more bullish in its
tone than foreign advices. Heavy and
continued rains were reported all over the
Northwest field and many complaints of
damage on that score were received. The
strength shown by corn was also notable
enough to affect shorts in wheat.
During the first hour of the short SEES
sion 8 trading the market was quite &C.
tive. September opened az 72A 172ssc, and
even at that price there was not much
wheat offered. Shorts were active bidders
for everything offered and the price got
to 72AsW72Rc before realizing was sufi-
Client 20 satisfy the demand. A short re-
action to 72t2c followed but the market
quickly recovered, and in the space Of
the next half hour touched 725sc The
market then Quoted down somewhat
there was good deal of selling against
weekly calls during the latter part of
the session and one or two slight reac-
tions resulted therefrom but the mar
ket had too much substantial support to
admit Of a material decline and shortly
before the close 725sc was again touched
Primary receipts were again much less
than last year, the total being 537, 900
bushels, against $4,000 bushels a year ago.
Minneapolis and Duluth receipts were 232
cars. against ABE a year ago. Chicago
receipts were 115 cars, IA of contract
grade. Clearancess however, were small,
ll5,0OO bushels. Foreign bids for wheat
were renewed, sbuti bids for shipments
were rs a rule cut-of line and not much
cash business was done. Liberal world 8
shipments were looked for and demand
selling was done on7the apprehension that
thy would unfa9orably affect the Liver
pool market Monday. A decrease of
about a million bushels in the visible was
looked for. September reacted to 721kc
and closed firm at that price.
Trading in corn was marked by great
activity and strength in September. Con,
tinued small receipts and heavy shipments
and decreasing stocks alarmed the large
short interest In that option, and resulted
in a rush for cover which advanced the
price materially. Deferred futures ad-
vanced a little in sympathy Receipts
were 29S cars Stocks here this week will
| decrease about 100000 bushels The sea-
board in two days has sold 1900, 900
bushels for export. Country offerings
were small. September ranged from 313a
to 32Ac, and closed 1bc higher at 32Hc
Oats were firm with corn. September
showed the most strength. The advance
was in spite of large receipts, S0S cars
Commission houses were moderate buy
ers and shorts covered to some extent.
The cash demand was moderately good
September ranged from zoe to 2O14c and
closed H@asc higher at 201lc.
Provisions were steady, but very dull.
business being mostly changing over. The
cash demand for meats was fair and this
and the strength of grain resulted in a
slight advance for most commodities
There was some little covering of sales
made early in the week. At the close
September pork was unchanged at IS 32Ia,
September lard PIC higher at $52S and
| September ribs shade higher at $5121h
Estimates Monday: Wheat, 140 cars;
corn, 390 cars; oats, Cos cars; hogs, Is, 600
The leading futures ranged as follows: