The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-05

CHICAGO, Aug. 4-Corn and provis-
ions cut out the pace on change today.
A heavy cash demand for corn result
ed in a complete recovery of an early
decline, the market closing 1sGAc. higher
than yesterday. Provisions closed at ad-
vances of from 121502Oc. Wheat, weak
early, recovered with corn and closed
&c. higher. Oats closed a shade higher.
The Liverpool market was the guild
ing star of wheat traders at the opening.
The usual surprise came from the Eng
lish market quota tons there being about
I'D higher, a condition not looked for
in view of the decline here yesterday.
This was afterwards explained on the
ground of advanced ocean freight rates,
but it had its effect on opening prices
here, September starting at 695sc., an ad-
vance of Nc A mOmentary dip to 6912c
followed, but good buying by shorts re-
suited in gradual advance to 69%@7sc,
the highest point reached during the
session. Besides the strength shown at
Liverpool, prospective buyers were en-
couraged by continued crop damage re-
ports from the northwest and by Shows
crop summary, which made the con-
dition of spring wheat S. or points less
than July 1. This indicated a total crop
of about 275, 0G0, 900 bushels. But inter-
est in the market soon died out. The
cash demand was almost nothing hare
and only a moderate demand was re-
ported from the seaboard. The north
west, which was seller in this market,
reported the flour trade quiet and the
first rush of winter wheat apparently
over.
The buying demand dwind1ed to almost
nothing during the middle of the ses-
sion and attempts to realize on earlier
purchases were attended with consider
able difficulty. September slowly de-
clined to 69G691sc., and hung around
that price until about noon, when the
sudden strength of corn put some life
into wheat and resulted in a steady ad-
vance, which was continued to the close,
Northwest receipts were 3O5 cars
against 500 last week, and 20 year ago
Chicago receipts were 122 cars, 16 of con-
tract grade. The proportion of new
wheat was much smaller than at this
time a year ago Total primary re-
ceipts were $4,000 bushels. Atlantic port
clearances of wheat and -four aggregat-
Ed N9,OO0 bushels. A visible decrease of
about 100000 in northwest stocks for the
week was looked for. September ad-
Vanced 20 693s@6934c, and closed at 695sc.
an advance of nc
Corn was fairly active. At the open-
ing the market was firm and higher on
continued hot weather damage reports
weakness soon developed on reports of
ram IN Iowa and Nebraska and predic-
lions of cooler weather, with liberal re.
eelpts, AZ cars. The cash demand was
excellent, 100000 bushels being renorted
disposed of here and the seaboard re-,
ported 10 loads taken for export. The
market turned strong near the end. and
was also helped by the advance in nro.
N+siohs- country acceptanceS were light
september ranged from 3OA63O7kc.. and
closed 4s9Ac- higher, at 3O5sG3Okc.
oats were quiet and fairly steady In
sympathy with other grain. Tradino
was entirely local, and fluctuations small
There was some buying on the wet
Weat her, which is not desirable at this
period Receipts We're 474 cars. The sea.
BOARD reported good export demand
september ranged from 19A0195kc. ana
closed a shade higher at 1910.
provisions We're strong and active nh
yellow fever situation was more favorao
pie out the strength came mostly from,
sharp advance in hog prices. Ruvine-
VI an products was general and nricae
advanced steadily, the close being 81
about the top At the close SenteT,,, "a.
pork was Zoe higher, at $S.62Ib: Sen
teinber lard PFC higher, at s.. 4565 az
$500 5iiei' at $S'I'@
estimates Saturday: Wheat. 10. corn
'Oo' oats AS; hogs, 1900 head.
Inc leading futures ranged as roI,o,,s.