The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-06
RAINS CHECKED 4 BULGE
HIGHER MARKET IN LIVERPOOL
CAUSED A SHARP
ADVANCE
BULLS WERE IN HAPPY MOOD
One Long UnIOaded Good Line,
Said to BE Three-Quarters of IL
Million BusheIs-August Closed
II Shade Higher-COrn Active.
BULLS WERE IN HAPPY MOO

CHICAGO, July 5-A higher market at
Liverpool resulted in bulge early to-
day, but the market reacted because Of
rains in the Northwest, closing steady,
August a shade under Tuesday Corn
closed a shade lower and closed 1sc down.
Provisions closed steady and but little
changed
The opening chorus in wheat was a
lad bull refrain concerning a Id adj
vance at Liverpool, the extreme gravity
Of the Chinese situation, and little later
1t sweled out into a choral welcome to
a I'd bulge accomplished by the big grain
center of the tight little island" Au-
gust opened 1A@3sc to 11243sc over Tues
day at SU340gSlc. One long seized this OPP
pOrtunity to unload a good line, said to
have been 750 900 bu, and another chorus
Of traders, in voices of various strength,
entered singing of the gentle rains which
fell yesterday in the Northwest, just as
they have been doing for some days. AS
they sang they sold, and the market was
gradually forced down. At S01Sc which
was touched during the forenoon, the
market received some support from Tor-
eign shorts whose eyes were on the Chi
nese situation, and recovery to S012c
followed.
The bears found the bulge more of an
1nducement to continue their selling, and
Jumped onto the price, hammering it
down to 791sd79lAc. The close showed the
bulge and shade more gone. The mar
ket had steadied, however, and the wind
up was over The bottom, August at 1870.
New York reported y loads taken for
export. Clearances at the sea board in
wheat and -four were equal to 554, UO0 bu.
Primary receipts aggregated 42SG coo blu,
compared with 10000 bu last year. Min
Heapoiis and Duluth reported 299 cars,
against S5S last week and 5N a year ago.
Local receipts were l20 cars, one of con-
tract grade
There was a fairly active market in
corn. The best prices of the day came
early in sympathy with the wheat bulge
and higher cables from Liverpool. The
dry winds which furnished bull motive
Tuesday were displaced by rains today,
all of which traders took into considera,
ton The wheat decline from the top
also proved 9n influence later as it had
early, and the best prices did not hold.
There was 81 big cash business, however,
and the close, although a shade under
Saturday, was steady. August sold be
tween 4534c and 42a4c and closed at 4S1sc
1t was the strength of the cash situation
which was mainly instrumental in caus-
Ing reaction from the bottom towards
the end. Receipts were 573 cars Coun-
try offerings were irregulaT-large in
some cases and small in others.
oats opened strong in sympathy with
wheat and corn, which, as hereinbefore
mentioned, showed strength at that time.
A good speculative business was done,
and, although the market eased off from
the top In sympathy with the latter
maneuVers of the other grains, the mar
ket On the Whole was a steady one. Re
Celpts were 236 cars. August sold be-
tween 24c and 234c, and closed 7sc lower
at 23Bc.
Provisions were quiet The market
opened strong on moderate hog receipts,
higher prices at the yards and IN SYM
pathy with wheat and corn. The reaction
in grains, the weakening Of the hog mar
ket later and desire for profits led to a
reaction from the best prices, but the
close found the market fairly steady
September pork sold between $f305 and
$3.50. and closed a shade over Tuesday
at $l2.90a12.92 September lard being 81
6lG.9212, closing 215c higher at $685., and
September ribs between $71715 and $755,
with the close a shade down at a.0z1bGD
TO.
Estimated receipts tomorrow: Wheat.
1S5 cars; corn, 1040 cars; oats, AIS cars,
hogs q 900 head
The leading futures ranged az folInua.