The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-21
WHEAT WIS IRREGULAR
LIVERPOOL ADVANCE IN FACE OF
RECENT SLUMP WAS A
SURPRISE
RECEIPTS SCARE HOLDERS
Corn Strong on Small Receipts and
News of Damage to Kansas Crop
Oats in Good Demand-PrO-
visions Steady.
RECEIPTS SCARE HOLDERS

CHICAGO, Aug. 2O.-Wheat advanced
today on higher cables, but reacted and
closed a shade lower. Corn closed AG$sc
higher and oats at a like advance. Pro
visions at the close were z2C l0WeI III
pork, higher N lard, and 212q5c down in
ribs.
A surprise in the shape of an advance
at Liverpool came to startle traders when
trade in the wheat pit began. 1t was in
the face Of a liberal slump here Saturday,
and shorts We're accordingly deeply I'M
pressed. September opened 1ADAc higher
at 725s6D7Z7sc, and for a time held around
these figures, not, however, getting above
723sc Outside people were the best Duy-
ers early, while the local crowd seemed
about equally divided in their views Oh
existing conditions in wheat. me IN
crease in the visible and hsaVy receipts
at primary points later in the session
caused selling by longs, under which the
market retreated in good order, Septem-
Der to nc. The close was steady, shade
lower at 720I2Bc. New York reported
Lwenty-nine loads taken for export, and
five loads were said to have been sold
here. Clearances at the Seaboard In wheat
and flour were equal to 100000 bushels.
At primary Western markets receipts
were 1,56l, 600 bushels, compared with 'N,-
900 bushels last year. Minneapolis and
Duluth reported 491 cars, against 44S last
week and 327 a year ago. Local receipts
were 494 cars, 81 of contract grade.
Corn was strong and active. Under re-
peated assurances that the sun was bis
tering and whitening corn in Kansas, and
that the yield bids far to be the small
est in the history of that state. Slight
receipts and small country offerings We're
also factors. 1t was not so much case
of demand as lack of sellers. Lato in
the day moderate unloading Of long corn,
with the apparent intention of checking
the advance, proved successful. as the
market reacted over a cent The close,
however, was firm. September sold be-
tween 40c and 3SAc. closing A@$sc over
Saturday at 3S34G3S7sc. Local stocks de-
creased 6S3. coo bushels leaving only S63, 900
bushels The visible decreased 2,249, coo
bushels Receipts here were 116 cars.
Clearances were ], 109, 900 bushels.
There was a fairly good demand for
oats from the cash people, but the mar
ket derived most of the firmneSs from the
corn strength. The crop was damaged
creased $4,000 bushels. Receipts were
275 cars The market was not an active
one. September sold btwcen 2l$4c and %
Ci221kc, dosing Ad3sc up at &c.
ProVi;onS were quiet. The first half OF
the session the market showed strength,
under the influence of better prices at
the yards and hog receipts under the es-
innate. Packers were buyers early, but
later caused some reaction, and the close
was rather easy. September pork sold
between 81 80 and S11 OH. and closed TIC
lower September lard between S6.706I672l3
and $G.671A, closing TIC higher at $6.6712, and
September ribs between $6.91La and $500,
with the close 2126G5c down at $500.
Estimated receipts tomorrow: Wheat,
GAO cars: corn, 215 cars, oats, 400 cars;
hogs, 49, coo head.
The IeadIng futures ranged rs follows: