The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-07
WHEAT MADE IN ADVANCE
NET WEATHER IN ENGLAND GAVE
THE MARKET A FIRM
TONE
WAS TOO HOT FOR TRADERS
Buying of Corn Was Quite General
on Hot Wind Scare, but Oats
Were Dull, and Provisions
Closed Unchanged.
WAS TOO HOT FOR TRADERS

CHICAGO, Aug. 6.-Grain markets
We're influenced by weather conditions.
Inc weather locally was too hot for trad
ers, but wet weather in England helped
TO give the market a firm tone, Septem-
Der closing asg42c advance. Hot winds in
Kansas resulted in an advance Of &c in
corn. Oats closed as@1sc higher and
e provisions unchanged to SC higher.
Offerings Of wheat at the opening Of
that market were very light, and the
presence of buying orders in moderate
numbers suficed to give the market a
fairly firm tone. There We're no Liver
pool quotations, the English market be-
ing closed on account of the holidays,
ana local traders We're somewhat uncer-
tain as to their course at first. Initial
trading in September was at 75175Sc, a
shade advance over Saturdays closing,
and = further advance to 1880 took place
within few minutes. Local bears, en-
couraged by the heavy receipts at all
primary points, then attempted to force
prices down in the absence Of any ma
terial support and their offerings did re-
suit in reaction to 75c. But at the
decline faiT-SiZed buying orders were re-
ceiTed from New York and the North
west, and, as soon as the local offerings
were Withdrawn, the price Immediately
reacted again to 75AC. After II o'clock
the market for the most part was excess
SiVely duh.
The weather was too hot for the trad
ers to take much interest in trading, and
the result was that prices kept within a
narrow range. A mild renewal of the
selling pressure sent the price to 74Bc
81 on one or two occasions, but the declines
always brought moderate support and
consequent recovery in prices. Toward
the close of the session the local crowd,
which was evidently short, attempted to
cover, but found little wheat for sale,
and the market became quite strong,
September advancing from 75c, around
which it had held for some time. to 752sQ
l51zc. Considerable buying was caused
BY the reports Of incessant rains in
England and the consequent interruption
YES a nv 10
strength developed in corn
Northwest receipts were 1893 cars,
against go last week, and ga a year ago.
Chicago receipts We're I'll cars, 10 of con-
tract grade. Total primary receipts were
.,44500O, compared with 10000 bu year
ago. Atlantic port clearances Of wheat
Ind flour amounted to $4,000 blu.
Corn enjoyed a brief interval of pros
perity around the opening. Reports of
extensive damage in the Southwest by
lot winds caused quite a scramble at
drst, and prices shot up quickly. The
oUying for some time was quite general,
but the demand was gradually satisfied,
and during the latter part of the session
the MAI ket was fully as dull as wheat.
September ranged from 37hc to Csc, and
closed 9sc higher at S1%4c. Receipts, 2S7
cars.
Oats were very dull during most of the
session. The tone. however, was firm,
traders being influenced by the strength
of corn and an early advance was well
maintained. There was moderately good
outside buying at times. Receipts We're
bSS cars. September ranged from 21Ac to
2175c, and closed asq12c higher at 219s@
21$lc.
Provisions were dull all day. Lower
hog prices and fears of further yellow
fever developments made buyers timid
at first, and opening prices were lower.
offerings We're small, and later the firm
ness of corn had influence on trading.
Packers bought moderately of ribs and
perks At the close September pork was
unchanged at $1LS5; lard, 21ac higher at
B6S215, and ribs sc higher at $7121a@7.15.
Estimates tomorrow: Wheat, 265 cars;
corn, Sl5 cars; oats, 735 cars; hogs, 10000
head. -.
Tne leading futures ranged as follows: