The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-17

CHICAGO, Aug. 16.-Unexpectedlv firm
foreign markets today and indications
of revival in the cash demand advance
ed prices for wheat here &c Corn closed
unchanged to Bc higher; oats advanced
&c, and provisions closed irregular, sc
lower to sc higher.
Wheat opened firm at a small improve
ment over yesterdays prices. September
starting AQ3sc higher at 7O24G7O7sc. Liv-
elpool was again the motive AS was
the case yesterday the English market
ignored the action of wheat here in
stead of following yesterdays decline.
showed loss of but 1ld, and soon re-
covered this Considerable selling was
done late in yesterdays session on the
belief that Liverpool would be lower to-
day. and the afirmness5 caused a mild
scurrying among shorts When this de-
mand was satisfied prices sagged The
market was exceedingly dull during the
rest of'the morning, but >stubbornIy re-
sisted several attempts to raid prices
and acted a good deal as If 1t had been
oversold, An explanation of the firm
ness of foreign markets came in dis
patches from London to the effect that
although some rain had fallen in India
the precipitation was altogether insult
ficient to relieve the draught. and fam
Inc was threatened in many districts.
Western primary receipts We're again
smaller than last year, the total being
put at 479,C00 blu, compa, ed with 49,, 900
year ago. Minneapolis and Duluth re-
ceipts were 1874 cars, against 121 last
week, and 1874 a year ago. Chicago re-
ceipts We're 81 cars, s of contract grade.
Atlantic port clearances amounted to
10000 blu. There were indicatio of a
revival in the cash business. Several
bids for August delivery were made, and
though not much actual cash business
was reported it stimulated speculative
buying
The export demand continued light,
the seaboard reporting but II loads en-
gagged for export. Ocean freights were
easier, and there was expected to have
favorable influence on the foreign de-
mand.
In the afternoon the market became
much more active. New York and ST.
Louis sent liberal buying orders, and
this demand brought shorts into the
market again and resulted in a steady
advance in the September price from
70l4 G70$sc Ito 71M71lSe. This was above
call pricie, and selling against those
privileges and a moderate amount of
realizing caused a reaction to 70A@707sc.
The close was firm at that figure De-
cember exhibited more strength than
September, though trading in that fu-
ture was comparatively small. 1t adj
vanced to 75nc, ard closed &c higher at
751l @733sC.
Corn was devoid of special features
and prices kept within a narrow range.
Crop conditions continued favorable, and
some cutting of corn was reported from
Kansas, but the strength of wheat pre-
vented any decline. Receipts, 2O6 cars.
September ranged from 302sc to 305sc,
and closed unchanged at 3012c.
Oats were firm with wheat and on the
better shipping demand, sales of 100000
bu being reported here. Receipts were
32S cars. September ranged from 1870
1880 to 1854 ll197Sc, and closed &c higher
at 19h@193sc.
Provisions were dull and irregular.
During the morning prices declined all
around on general liquidation, following
a sharp break in hog prices, pork being
especially weak. The shipping demand
was good, and this and the strength
of wheat brought about rally later in
the day Septembr pork closed sc lower
at $50; September lard PIC higher at
silly; September ribs, 214G5c higher at
$5d$5.02I@.
Estimates for tomorrow: Wheat, Is
cars; corn, $50 cars; oats, 40 cars; hogs,
1000.
folIo1