The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-18

CHICAGO, Aug. T.-Strong cables and
a big cash demand kept wheat on the
road toward higher prices today, and
caused an advance of 5sc in leading fu-
lures. Corn and oats sympathized, corn
closing &c higher and oats a shade high
er. Provisions advanced 21A071ac.
The opening in wheat was marked by
good deal of strength and a decidedly
small amount of trading. Spectators
were again Influenced by the action of the
Liverpool market, which showed an ad-
vance of %@7sd, and opening prices for
September here were 12Q3sc higher, at
71Ac. Besides the frmness of Liverpool
the market had for a support reports Of
heavy rains in some sections of the
Northwest with consequent damage to
wheat uncut and in the shock. There
was a moderate demand from shorts who
feared the opening advance would be
followed by still higher prices. Offerings
were small and September advanced to
call price, 71$s@713hc, before any infuen-
tiaI selling was done. A reaction to INC
followed, but the decline was stubbornly
fought, and as soon as realizing was over
the price shot upward in hurry. touch
ing 71$1c before the balance of trading
was again in favor Of the sellers.
The market in the main was dull dur
ing the morning, with occasional lively
spots Several reactions occurred, but
in the afternoon the rapidly increasing
cash business injected life into the mar
ket and made it much broader The
total cash business reported here was
$50 600 bushels. The seaboard was lead
ing buyer, and engagements for export Of
abdat thirty loads were reported.
Primary receipts were again consider
ably lighter than last year, today's total
being 562 600 against 683,000 a year ago.
Chicago receipts, 66 cars twenty-five of
contract grade. Atlantic port clearances
of wheat and -four amounted to 365,UOO
Shorts covered literally late in the SEES
sion, but st. Louis and local longs were
apparently satisfied with their profits and
let go of enough wheat to more than
satisfy the demand. The close was hrm,
at 713E @711hc for September.
Corn was firm and closed at slight
advance, though best prices were not
maintained. Receipts were moderate, and
the cash and export market were good
and the strength of wheat were the IN
fuenccs. Receipts were 2S1 cars. The
weather continued favorable for corn.
Shorts covered literally. September
ranged from 1912 to '3O7Sc, and closed Is
@ll4c higher at 303sG3O34c.
Oats as usual were very dull, but firm
in the main being Influenced by wheat
and corn. There was a good demand for
cash with 10000 bushels reported taken
for shipments Receipts were 413 cars.
There was some selling of May. Septem-
Der ranged from 1874 to 1890, and closed
a shade lower, at 1890
Provisions were dull, but ffrmer all
around, although a decline was reported
In hogs. The cash demand showed mark
ed Improvement, which was apparently
the basis for the better feeling in the
speculative market. Packers bought lib
orally At the close September pork was
nc higher, at $S2712; September lard
214c higher, at $500 and September ribs
bQ715c higher, at $5O712.
Estimates tomorrow Wheat, SIS cars;
corn, 800 cars; oats, SOC cars; hogs, 49,
900 head.
The leading futures ranged as follows:
lOpan- oh .OyU-l Clos