The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-31
AEAT OPENED WEAK
ALLIED NEARLY A CENT FROM
OPENING IN IMPROVED EX-
PORT DEMAND
LIVERPOOL CABLES WEAK
1rn Opened Lower, but Soon Rail
lied Sharply, and Was Steady
at Close, but Oats We're
Heavy ALI Day.
LIVERPOOL CABLES WE

CHICAGO, July 30.-An apparent reviv-
/ of the demand for export for Ameri-
an wheat pulled that market out of the
Tough of lower cables and favorable
northwest weather today, the September
ption closing but g. shade lower, though
cling at one time at a decline Of Bc.
orn was fairly strong on small country
cceptances and closed 1ac higher. Oats
ere weak on liquidation and declined
SC. Provisions showed but little closing
hange.
Wheat was quite weak at the opening
nd for some time afterward. Liverpool
ables showed a decided slump in prices
4 that market, while reports from the
northwest told Of more favorable wealth
r. Though selling pressure was not par
icularly heavy, it was sufficient to send
'rices to u point 7sc below Saturday s
losing figures In the first half-hour' s
rading. There the decline stopped.
he low prices, and though at times the
larket developed soft spots, on the
Thole steadiness was shown until the
asst hour s trading. Then the market
ecamezstreng. Some buying orders came
\ during the morning from the Seaboard.
hey were accompanied. by reports of an
Improvement in the export demand, and
hese reports later became the predom-
hating influence on trading. Reports as
the total engagements were conflict
ng, the figures running from p to co
pads. The latter report created a mild
enSation among traders, and caused the
market to close at best figures for the
-ay. Trading was quite. active late in
he sessions, shorts covering literally
nd early sellers attempting to buy back
heir lines. September opened 3s@7sc
over at 755zq75Bc. 1t declined to T424c,
old for some time between that figure
md 14%c, then rose to 75Ac, and closed
1t T51s@ 754c. =
Northwest receipts were 26O cars, com
pared with 36S last week and 535 a year
IgO Chicago receipts were 249 cars, q
If contract grade. Total primary receipts
we're /, 313, $50 bu, compared with 972 GOO hI
! year ago. Worlds shipments were
moderate, $500 Blu. but there was an
Increase on passage of 1856 900 bu
4 Corn traders were inclined to guide
heir actions by the course of the wheat
market at first, and opening prices were
,omewhat lower. But the market soon
allied sharply, under the influence of
cash demand, and, though not all of the
ldvance was held, the market was fairly
steady to the close. Local receipts were
~ cars. September ranged from 38c To
B67sc, and closed &c higher at 585se.
Oats were heavy all day, and consider
pble liquidation was done by country
traders The elevator people also sold
Soerally, presumably against country ac-
septances. The weather was ideal for
-hreshlDg operations, and a material III
crease in stocks was looked for Septcm-
per ranged from 2l& to 29Hc, and closed
&c lower at H5sc.
e Provisions were dull and heavy most
of the morning, but before the close all
The declines had been recovered. The
weakness Of wheat and lower hog prices
caused some liquidation early, but cover
ng took place later when the grain mar
Hets developed more strength. A feature
Of the trading was the strength of Sep
tember ribs, which sold TIC over Octo-
Der. The cash demand was good, and
mis- and small local stocks were factors.
september pork closed unchanged at
S1L75. lard unchanged and ribs sc higher
at 81.
Estimates tomorrow: Wheat, 345: corn.
$50; oats, AS; hogs, 1S00G
The leading futures ranged as follows: