The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-07
ACTION OF GERMANY PRIN-
CIPAL FACTOR
AUGUST SHOWED GOOD GAIN
Opening Was Steady, Because Liver
pool at Outset Failed to Show
as Much Decline Gs Had
Been Anticipated.

CHICAGO, July 6.-Wheat after a pc
Rod of weakness today rallied under the
leadership of a strong corn market and
a report that Germany was chartering
transports to take troops to China and
closed strong, August 126Dasc over yester-
day. Corn caught it's bulliShneSS from
reports of dry weather in Kansas and
parts of Nebraska, August closing 1Glsc
higheI oats closed sc up, and provisions
&c to 1212Q15c lower.
The wheat market opened with a de-
gree OF steadiness because Liverpool at
the outset failed to show as much de-
cline as had been expected. August
to set the ball rolling sold at 7912GQ793sc
at the opening, and shortly afterward at
tanned 79129795sc. Then the bears took
hand in the game. Argentine ship
ments were heavy, footing up to 2.16S. 900
bu, according to the board Of trade fig
ures, which were about half a million
over Beerbohm's. Liverpool turned
weak. Minneapolis was bearish, and
there were more rains in the Northwest.
August, on selling by persons who wot-
ted of these facts slumped off during
the forenoon to 1SAc The official North
crop to be pretty much of a wreck. This
but not much of It, Corn meantime,
was showing a deal Of strength. ~.
~ New York reported a better export in
puiry and fifty loads taken for freight
shipment Attention to the gravity of
the situation in China was directed by a
report was chartering transports to take
items shorts found reason to cover.
One man was reported to have taken in
1,G00,0O9 bu. The seaboard and foreign
ers were fair buyers and some Of the
SOU thWestern sales made earlier We're
taken back. This caused a reaction in
August to S0Hc, and the close soon after
was strong, August 1zM3Sc up at 797s01S0c.
Seaboard clearances in wheat and flour
were equal to $4,000 bu. Primary re-
ceipts aggregated 100000 bu, compared
with 83l 009 bu year ago. Minneapolis
a. T31fr II cd orc csoit ~
last week. and 424 the corresponding day
last year. Receipts here, were 157 cars,
seven of contract grade. The Ohio crop
report reduced the condition four points
since June l, making it 25, Indicating a
crop of $4,000, 900 bu, to compare with last
years yield of 100000 bu. The winter
wheat movement gave Indications of i'm
provement. Stocks at Minneapolis and
Duluth combined were reduced 800, 900 bu
Corn was active most Of the time and
strong save at the beginning, when the
and narrow path which leads upward. At
this stage of the game the baleful in
fluence of wheat had an ally in the lib-
eral receipts and the Ohio condition of
dry weather in Kansas was a cOnSide:a-
ton on the other. Damages were re-
ported from this state and from parts
of Nebraska The crop expert, with his
little miscroscope was in the field and
when he acts that way, woe betde the
crop. The bulls allowed the market to
Clp anu tIeil SOl u WORN. EOilCl - Gov
cred and the market responded with a
rush. Receipts We're l;o54 cars. Augu55t
sold between 43c and 4414c closing lake
better at 4fs@44Ac. Shipping business
here was put at 100000 bu. Country offer
ings were very small
Oats were quiet and toddled along after
the big markets. The market dipped
early with wheat and rallied later with
corn August sold between 23c and 2415c,
closing 5sc over yesterday at 23Sc. Re
celpts were AS cars.
Provisions opened strong on light hog
receipts, and an advance at Liverpool for
product. There was a good demand for
lard. but the market slumped off on
the selling of local line of ribs. Sep
TENDER pork sold between s13 and $12T14.
and closed 11@615c under yesterday
at SPITE; September lard be-
tween $7.O215 and $500. closing SC lower
at $500, and September ribs between
s7.171a and $7.O21a, with the close sc down
at S7.02GI7O5.
Estimated receipts tomorrow: Wheat
IS cars; corn, 80 cars; oats, 16o cars; hogs,
1890 head.
The leading futures ranged as follows: