The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-04
WHEAT FIRM IND ACTIVE
AUGUST CLOSED AT MARKED ADJ
VANCE OVER THE PREVIOUS
DAYS FIGURES
LONGS HAD GAINED HOPE
This Was Made Apparent at the
Opening of the Days Session
Liverpool Steadiness
Helped Bulls.
LONGS HAD GAINED HOPE

CHICAGO, July 3-Wheat was firm and
active today under bullish advices from
home and abroad, August closing 112G11aaC
pVer yesterday. Corn closed 191hc up
md oats 1sc improved. Hog product at
The close was 712Q15c better.
That longs in wheat overnight had evil
lently gained some hope during the night
was apparent when the market opened.
They had in mind the fact that the mar
ket had declined lie from the top, and
hence might be ready for a reaction
The main information at first, however,
was the unexpected steadiness of Liver
terday. The market showed only a frac-
uonal loss, and during the first
trading ?. hours RECLAIMED some of
Liverpool shipping bids were nearly on a
PARITY with American prices. August
wheat on the Board of Trade opened 10
arterward sold at 1886. On prolt-talling
August reacted to 7S1zc, which proved to
b. the bottom price for the day.
There was more rain in the Northwest,
but reports from that section said the
three days precipitation of moisture, al
though heavy, had come too late. Com
plants that the crop in North Dakota and
minnesota was almost a complete failure
were numerous. From Chilli came the re-
port that rains had prevented sowing
rendering a small crop next season in
eVltable. This sort o. news sent shorts
to cover. Their buying, coupled with
some outside news and support from in
Huential local bulls, caused a rally which
carried August to S0A@S0Bc. The bulge
net the usual profit-taking and the mar
Net dropped from the top to 7Sls07S14c
put the close was strong. August 12Q5sc
up at 1880.
Seaboard cleaIances of wheat and flour
we're equal to 484, 0G0 blu. Primary re-
:epts aggregated $4,000 bu Minneapolis
Duluth reported Sc cars, against 1913
asst week. Local receipts were 14S cars, 7
of contract grade.
Corn gave en- exhibition of strength and
activity which was partly due TO wheat,
but principally to it's own condition. Hot
weather in Kansas and Nebraska and an
excellent cash demand were important
links in the bull chain. Liverpool was
higher for futures, but depressed on spot.
Receipts were 1161 cars. The outside de-
mand was excellent and the covering of
shorts on a liberal -cale August sod
between 4215c and 1870, closing 1@11sc up
at 4S1a043l4c.
oats We're a bit easy following a firm
opening. but turned upward later in the
day, hefpCd by corn and wheat. and clos
ed firm. There was considerable liquida-
ton by Northwestern interests and this
caused the depression early. During the
latter half OF the session shorts We've the
best buyers. Receipts were 463 cars. Au-
gust sold between 2S5sc ind 227Sc, and
closed &c better at 232sc.
The provision market was strong and
moderately active. Hog receipts were
light and considerably under the esti-
mate. The grain strength was a help
and there was less selling by Western
packers than there has been recently.
Shipments of produce during the twenty
four hours preceding the session was very
large. Shorts We're the best buyers. Sep
TENDER pork sold between $l3 and $l2.90,
and closed 15c over yesterday at $3.50;
September lard between 81 and Sc. 900
September ribs between $72O and $1O,
With the clo~e 715c un at $40
Estimated receipts tomorrow: Wheat,
s cars; corn $50 cars; oats, 230 cars; hogs,
1900 head.
The leading futures ranged as follows: