The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-08-10

CHICAGO, Aug. 9.-This was a day of
covering by shorts in wheat and the
suit was an advance of Loose in Septem-
Der and almost as much in the distant
futures. Strong cables, disappointing
threshing returns and expectations of a
bullish government report were factors.
Coarse grains were also strong, corn and
oats each advancing about sc. Provisions
lost an early advance, and closed 212@10c
lower.
Aided by an entirely unlocked for adj
vance of SD at Liverpool, and by some
bullish domestic news, wheat started
strong at an advance of about1bc, Septem-
Der at 6S24 Q6S7sc. During the first hour
there was considerable buying by out
siders through commission houses and
covering by local shorts, and September
advanced to $3.50 before the turning point
was reached. Beside the strength at Liv-
erpool buyers, had to help the small
Northwest receipts, Minneapolis and Du-
luth reporting but 121 cars, against 237
last week, and So a year ago. good
many reports came in from the North
west of heavy rains retarding the ripen-
Ing of wheat and harvesting operations.
Some complaints of unsatisfactory thresh-
ing returns were received. The cash de-
mand showed signs Of Improvement, bids
for hard winter being half cent better
than yesterday in some cases. There was
lllS usual dIlIOuuI Vi ISdllZlIS OH The dO-
vance and a reaction during the morning
carried the price back to 6S7sc, but dur
ing the afternoon the market again be-
came strong and most Of the original adj
vance was recovered.
Shows crop report estimated a drop of
about per cent in the government re-
port tomorrow In the condition of spring
wheat This would suggest a crop of
abont 257, 900 Atlantic port clearances
wheat and HOIr cd
Chicago receipts were 14S cars, 80 of con-
tract grade. September advanced to $50
$3.50 shortly before the close, but reacted
on profit taking to 691sc.
Corn was strong and quite active Sym
pathy with wheat was a factor but the
main reason for the strength shown was
continued excellent cash and shipping de-
mand and the small country offerings
Receipts were light, 2SS cars. COMPETE
ton was sharp for the little corn offer
ing. Shorts covered freely, and a good
advance was scored. September ranged
from 307sc to 31ssc, and closed &c higher
at 31kc
There was an improved trade in oats
and the market was strong from the
start There was some suggestion Of
September manipulation and this and the
small stocks and the good shipping de-
mand caused free covering by shorts.
The selling was in the way of realizing
and by scalping longs. Receipts ga cars.
September ranged from 195s@19a4c to 201sc,
and closed sc higher, at $4,000.
Provisions were erratic. The market
opened steady and unchanged. Sympathy
with the grain markets and a natural re-
action from Tuesdays decline caused a
good advance during the morning, but
there was d general selling movement
on the rally, and during the afternoon
prices tended steadily downward. Pack
ers We're free sellers. The cash demand
for meats was poor At the close Sep
TENDER pork 73zd1Oc lower, at $S.250S. 2719:
September lard 5@715c lower, at 5000
b22R, and September ribs a shade lower
at $50212.
Estimates tomorrow: Wheat, 76; corn,
$40; oats, 2S5; hogs, %, 600.
The leading futures ranged as follows:
low, Hitch I 7 ou,-t Clre-