The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-20
WHEAT WAS FORCED Up
SEPTEMBER OPTION CLOSED AT
SEVEN-EIGHTHS TO A CENT
ADVANCE
NORTHWEST REPORTS DID IT
Shorts Scurried to Cover and the
Active Option Rose steadily
Corn Active and Stronger
Oats Quiet.
NORTHWEST REPORTS DID IT
Prev.

CHICAGO, July i9-Numerous denials
Of Improvement in the Northwest were IN
fluential in rescuing wheat from It's early
slump today, September closing 9s91c over
yesterday. Corn was firm on an excclLent
cash demand, closing &c higher. oats
closed unchanged, and provisions z12V0c
Wheat opened weak, under a combina-
ti6n of lower foreign markets and reiter-
elton by the Price Current of its opt1mls-
tic estimate of the seasons wheat pro
duction. Paris and Liverpool were both
very weak while the Price Current aver
red that the surplus this year would ex-
oeed the exports of any year. While con-
sidering these propositions, there We're
many traders Inclined to play for reac-
ton on general principles. September
opened 11sd11zc to 9sQMc lower at 73Q
701ac. Thereafter the market showed
strength which gradually increased as the
session progressed. In this the main fac
tor was to be found in numerous reports
denying recent assertions that the North
west crop had been vastly improved by
rains. These generally put the yield Of
the Dakotas and Minnesota at 1Oo, 900 coo.
New York bought, there was fair COM
mission house demand and purchasing by
scalperS. -.y
Shorts covered when they saw the way
things were going, and, as a result, Sep
TENDER steadily rose, and closed at the
top, 1sq1c over yesterday at 771sc.
Primary receipts were Gel, 900 bushels,
compared with $4,000 bushels the like day
last year. Minneapolis and Duluth report
ed 2S4 cars, against 1853 last week, and 3G6
year ago. Receipts here were lib cars,
q of contract grade. New York reported
Is loads taken for export. Seaboard clear
anceS equaled 403 900 bushels.
Corn was active, and after the early de-
preston strong under the firmneSS of the
cash situation. The market opened weak,
under the leadership Of the wheat dip
and discouraging cables, coupled with ex-
cellent weather in the West. Country Of
ferings were very small and some West
ern interest covered cash sales. The cash
business amounted to 100000 bushels. Sep
TENDER sold between 3715c and sec, closing
Csc over yesterday at 3SS@39c. Receipts
were 4l5 cars. New York reported 81 loads
taken for export
The oats market, as usual, attached It
self to corn, and In a quiet way followed
the bigger market throughout the ses-
sion. The Northwest was the best buyer,
and the shipping demand was good. Sep
TENDER sold between 23c and 23$sc, and
closed unchanged from yesterday at 23asc.
Receipts were 119 cars
The trade in provisions was a narrow,
dull affair, but the tone was steady on
fair, though scattered demand for cash.
September pork sold between 81. 6212 and
$1I.6712, and closed sc lower at $l165; Sep
TENDER lard between $6.65 and $50, clos
ing Z1215c down at S6.671a. and September
ribs between $3.50 and $675. with the close
DC down at $6721ac
Estimates for tomorrow: Wheat, 1923
cars; corn, 425 cars; oats 100 cars; hogs,
1900
The leading futures ranged as follows: