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

CHICAGO. Aug. 19.--Advances of Ike
IN September corn and %07sc in Septem-
Der wheat We're the features OF today's
tradlng 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 q similar effect.
Oats advanced AQ3sc for September, and
provisions closed unchanged to PIC
higher.
Wheat opened strong at an improve
ment OF 9sC over yesterdays latest prices.
Inc advance had substantial backing.
Foreign markets showed sharp advances.
Liverpool being up asQ%d, and London
12Q%4d. Advices in regard to the Russian
and Roumantan crops were gloomy. and
TINS had considerable to do with the adj
vance at Liverpool and London. Domes-
tic news was even more bul!ish 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.
slons trading the market was quite &C.
tive. September opened az 72A 072asc. and
even at that price there was not much
wheat offered. Shorts were active bidders
for everything offered and the price cot
to IzasW1212c before realizing was suffi-
Client 20 satisfy the demand A short re-
action to I217c followed, but the market
quickly recovered, and in the space of
the next half hour touched 723sc. The
market then Quoted down somewhat:
there was a good deal of selling against
weekly calls during the latter part of
the session and one or two slight reac-
lions resulted therefrom, but the mar
ket had too much substantial suDport to
admit of a material decline and shortly
before the close 725sc was again touched.
Primary receipts were again much less
IMAM last year, the total being 537, 900
bushels, against sos, 900 bushels a wear ago
Minneapolis and Duluth receipts were 232
cars, against 435 a year ago. Chicago
receipts were 115 cars, il of contract
grade. Clearances however, were small
Al5OOO bushels. Foreign bids for wheat
were renewed, but bids for shipments
were rs a rule cut of line and not much
cash business was done. Liberal world S
shipments We're looked for and demand
selling was done on the apprehension that
thy would uufavorably affect the Liver
pool market Monday. A decrease of
about million bushels in the visible was
looked for. September reacted to 72hc
and closed firm at that price
Trading in corn was marked by great
activity and strength in September. Con,
tnued small receipts and heavy shipments
and decreasing. stocks alarmed the large
short interest in that option, and resulted
in 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. 800
bushels for export. Country offerings
were small September ranged from 31%
to 3214c, and closed 11sc higher at 32kc
Oats were firm with corn. September
showed the most strength The advance
was In spite of large receipts, sos cars
commission houses were moderate buy
ers and shorts covered to some extent
The cash demand was moderately good
September ranged from zoe to POKE and
closed AQasc higher at 20Hc
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. 22Ib
September lard 21@c higher at $52S and
September ribs shade higher at S5121b
Estimates Monday: Wheat, 14O cars:
corn, $50 cars; oats, Cos cars; hogs, 2S,0OO
The leading futures ranged as follows: