The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-26
WHEAT IS AGAIN FIRNER
BIG SHIPPING SALES CAME TO
RELIEF OF THE BULL
ELEMENT
CASH DEMAND GREW HEAVY
French Crop Estimates Also Had Eff
feet Upon Trend of the Market
Fine Weather Caused Fur
Their Decline in Corn.
CASH DEMAND GREW HEAVY

CHICAGO, July 25.-Big shipping sales
bnd "a reduction in the estimated French
g.eld, came to the aid Of the previously
weak wheat, market today and Septem-
Der closed AQ3sc over yesterday Corn
closed &c lower and oats &c down At
ne close the provision market showed
212Ql5c decline
September wheat started out 1ka1hc
over the previous close al Isle to 753sc
5calpers buying on hall hearted hope of
a rally following the recent heavy de-
cline Fheir hopes We're blasted in short
order. however, for tlere was no sun
port at that time. Gables were weak,
weather in the Northwest was faVora b.
Tor harvesting, and outside people appar-
emily did not know there was such a
thing as g. wheat market
The market naturally began to decline,
and. as it went down. stop orders were
canght, and the liquidation helped the
slumping along. Liverpool said that Ar
gentine wheat was being offered cheap
and that the England talent expected lib
eraE arrivals from Russia. 8.
Not tn September bumped up against
7435c, the bottom Of the present decline,
did the market receive much support
Soon after the cash part of the market
began TO attract attention. Cash people
sold between 100000 and 500 COO bu, most
of it hard Kansas, and We're covering in
the pit Shorts were further jolted by a
cable announcing reduction in the eSti-
mate of the French crop from $40, 600 900
TO 2S0.G0O GOO blu. Trading became active
and September rallied steadily to 757sc,
and closed soon after in a firm condi-
ton. September AQ3sc over yesterday at
7512@755sc.
New York reported 81 loads taken for
export and of the cash sales here 100000
bu were reported sold direct to the other
side. Seaboard clearances in wheat and
flour were equal to 100000 blu. Primary
receipts aggregated $4,000 blu, compared
with $4,000 bu last year. MINNEAPOLIS
and Duluth reported 251 cars, against 1S1
cars last week and 3S5 cars a year ago.
Local receipts numbered $50 cars, "a of
contract grade.
area ever planted, giving promise of a
better crop, caused a further decline in
corn, although weak Liverpool cables
were also an influence in this direction
Liquidation was renewed early and the
price fell over cent. There was still a
good cash demand but the smallness of
country offerings made it hard to find
ton in wheat caused 4 partial recovery
later Trade was quiet. September sold
between SS14c and 371sc, closing &c under
yesterday at 37%c. Receipts were 29S cars.
Oats were quit. The market felt the
heaviness in wheat and corn early, but
at no time was there such general sell
ing a s had been experienced in the corn
TENDER sold between 231sc and 224c, clos
ing 1Bc under yesterday at 23c.
Provisions were dull and tluctuated I'M
der the guidance of wheat and corn The
shipping demand for produce was fair,
but the outside trade was Indifferent. The
close, however, was steady. September
option closed: Pork. 15c down at $l1.H12;
a at ss.s5 7's' down at 500 riOS' DC lower
Estimates tomorrow: Wheat, $50 cars;
corn, $50 cars; oats, 100 cars; hogs, q, 600.
Tne ivdulng futures ranged as follows: