The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-04

CHICAGO, Aug. 3.-Wheat was weak
early on heavy primary receipts. but be-
came strong later on heavy cash and eX-
port business, and closed at an advance
OF zee. The market as whole was
narrow one. Corn was weak, principally
on the small shipping demand, and de-
clfned 12Q9sc. Oats advanced 1Bc. Yellow
fever reports scaled provisions prices.
5Q712c.
Wheat opened with buyers in the ma
Jority. The brief session at Liverpool
closed with an advance of 3sd in prices
there. AS local prices declined a cent
yesterday, this naturally had considera-
Bile effect. There was good deal of COW
ering by yesterdays sellers at the open
ing, and buying by professional longs.
September opened at 751s@753sc, compared
with yesterdays closing price of 7434@g
f4Bc. The advance was maintained but
a short time.
Primary receipts were very large, near
ly 5O per cent larger than a year ago,
and the quality Of receipts Of new wheat
at Minneapolis was said to be the best
in years. AS soon as the opening demand
was satisfied the market turned weak
Bears took advantage of the lack OF buy
ing orders to put pressure on the market.
and prices slid off very easily under the
raidihg, September dropping Il. 741Sc, with
hardly a rally of consequence. 1t then
rallied to l51sc, but again declined to
14Ac, chiefly on account of lack of sup
port, and not until the session was near
its close did the market develop any real
strength. Then reports of heavy cash
business and export engagements began
to come in, local as well as outside points
reporting good business. A bullish re-
port on the condition of the Northwest
crop by Statistician Snow increased the
demand, which was quiet at all times.
/ there pelng little outside interest shown
in the market. New York finally put its
export engagements TAT So loads. Septem-
per rallied to 1850, and closed at 75A0
1890 bid.
Northwest ro0ofDtc 1u,aro
against 253 last week and 305 a year ago
Chicago receipts were 214 cars "a of con-
tract grade a6 e., Total primary receipts were
put at $50, 900 bu, compared with GAL 900 bu
year ago. Atlantic port clearances of
wheat and flour amounted to 1000 bu
Corn, with the exceptions of a few mo-
ments Of tirmness around the opening,
due to higher cables and complaints Of
heat IN Kansas, was weak and lower all
day. The weather over most of the corn
belt was good and favorable crop pros
poets encouraged selling, which was
persistent and at times rather heavy.
The demand was local and scattered
There was some cash demand on the
break, but not sufficient to affect the
market. There was slight rally near
the close, in sympathy with wheat.
receipts were 2l2 cars. Cash sales were
about 350,0 00 September ranged from
$3.50 70 S19sc and closed .1a@5sc lower, at
367s6I37c. ~
Oats were dull, but fairly steady. the
market holding its own in spite of the
corn weakness. There was some Iiuuida-
ton early on the heavy receipts, but the
sEgnt loss was recovered later. The cash
demand was good. Receipts were 1853 cars
September ranged from 21 to PIG, and
closed 1sc higher, at 21Ac.
Yellow fever reports were the one fac
tor in provisions. Opening prices showed
material declines for this reason and nm
til late in the session the market was ex-
tremely weak. There was general let
ting go of products on the break, but
late IN the day some of the loss was re-
covered on good buying by packer and
the continued good cash demand. The
close, however was heavy. September
PORK E.2c close, closed l5c lower. at $12.O5 lard, ~
er, at $7.10@7. I21b ~ ~ w
Estimates Saturday: Wheat. 21O; corn.
70; oats, APO cars; hogs, 1000 head.
me Ieaolng futures ranged as follows: