The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-04

CHICAGO, Aug. 3.-The influence Of
large primary receipts and lack of for
eign demand proved mightIer than the
reports of crop damage in wheat today
and caused a decline of 12Q5sc. Every
thing else on the floor showed some de-
gree of strength, corn and oats CLOSING
a shade higher and provisions 5ql212c
higher.
Longs in wheat struck a snag at the
beginning of trading, in the shape of
lower quotations from Liverpool. AS the
local market showed a substantial rally
yesterday, at least no weakness was
looked for in foreign markets and the
Liverpool decline, slight though it was
resulted in an initial loss here of about
&c, September starting at 6912Q697sc. Inc
absence of foreign demand for American
wheat was again noticeable, but after
the first selling movement had ceased
this was lost sight of. Reports of do
nestle crop damage which were so
serious as to cause the market to rally
to yesterdays closing price The damage
was reported as being particularly heavy
in thu Red River valley and estimates
placed the total area affected as high as
10000 acres, with probably $l,5OO,OO
worth of growing grain destroyed. Later
cables showed some rally in foreign mar
kets and this also encouraged buying.
neapolis and Duluth reporting arrivals
of 229 cars, against 1872 last week and II
q year ago. Chicago receipts were "a
cars, ten of contract grade. The total
of primary receipts, however, was large,
Cos, 0O0 compared with 354, 600 year ago.
Export clearances from Atlantic ports
were large, ZOE, 600. Previous to this an
nouncement the market had reacted
from &c, which point was reached short
1y after the opening to 691A@695sc, but
the liberal clearances caused a moderate
covering movement, which again sent the
price Up to about 69Ac.
There were many minor rallies and re-
actions, but during the afternoon the
market gradually tended downward. The
seaboard reported little foreign demand
and this, coupled with the continued large
primary receipts, apparently had a good
deal of influence on longs, for consid-
cradle wheat was put on the market
September declined to G9A@692sc, and
closed at 69Ac. Minneapolis wired that
new spring wheat was offered to arrive
there in two weeks.
Corn in the main was fairly active and
firm. Reports of damage by hot weather
in Kansas, firm cables and light receipts
caused a good rally early, shorts cover
ing freely. Clearances were large and
the cash demand good. The late weak
ness in wheat affected corn, and most of
the advance was lost, but the market
closed steady. Receipts were 34S cars
September ranged from 3O2s to &c, and
closed shade higher, at 3015c, Receivers
were the principal sellers.
The market for cats was dull and IN
interesting Prices were influenced al
most entirely by other grains, and the
range of prices was narrow Changing
from September to May was a feature.
May weakening slightly, under the SELL
ing, while September and December were
a shade higher. The country was a fair
seller. Shippers were buyers. Receipts
We're f72 cars. September ranged from
1SA@195sc, and closed a shade higher, at
1S7s@19i5c.
The improved yellow fever situation
caused better feeling in provisions and
the market was strong and fairly active
throughout. Opening at a slight advance,
a good rally followed On liberal buying
by shorts. The close was strong at or
near the best prices. There were indica-
lions OF renewed outside interest Sep
TENDER pork closed 1Kc higher, at 49, 421h;
September lard 5@71zc higher, at IS. 3212@
5.S5; September ribs, 714@1Oc higher at
$5.021z@505.
Estimates tomorrow: Wheat, 100; corn.
300; oats, 400; hogs, $4,000 head.
The leading futures ranged as follows:
Open High Low Clos