The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-11
SMALL LOSS IN WHEAT
DECLINE IN LIVERPOOL HAD A DE-
PRESSING EFFECT ON
TRADERS
NEWS FAVORS BETTER PRICES
Corn Crop Reports of IL Gloomy Ma
ture Made a BuOyant Market
Oats DuII-POrk Closed
Lower.
NEWS FAvoRs BETTER PRICE

IL CHICAGO. Aug. 1O.-Corn monopolized
the attention of traders on change to-
day. Reports of disaster to the crop on
account of the long prevailing drought
and heat added another &c to the pre-
IViOus price. Wheat did not entirely re-
lcOver from the effects of an unlocked for
Idecline at Liverpool, and closed 1sgAc
Rower. Oats advanced 1s@Ac. Provisions
declined 212@5c.
The Liverpool market asserted indie
I.pendence of America by declining today,
and this fact had depressing effect on
local traders at the opening. September
i5tarted at 755s0I76c, decline of Nc. This
marked the low point Of the day: Out
Side of the Liverpool decline, which 1t
WAS explained was caused by more favor
able weather conditions in the United
Kingdom, the news rather favored better
ssGrices. The Northwest told of rains and
Extreme hot weather, with consequent in
bury to grain in the shock, Argentine
shipments $4,000 bu, were much below
chose of a year ago, and corn showed
Strong desire to reach the 40c mark. Lo-
pal traders were good buyers after the
surprise occasioned by the action Of the
liverpool market had died away, and in
addition, there was a fair demand through
commission houses, the result Of the bid
ping on a market almost bare of offer
dngs being an advance to I614c. To offset
the crop damage news was the estimate
Df 7SOOO,00O bu of wheat as the crop In
Kansas. These tremendous figures made
/ good many traders hesitate about get
ling on the long side of the market. After
he first half hours trading, the market
became very dull, with the price fluctuat-
ing lazily between 76q7614c. 1t was too hot
5Or the average broker to take much in
terest. and the market for the most part
vas left to a small cOteTte Of scalpers.
The tone kept fairly steady to the close,
which was at 76c.
Northwest receipts were 235 cars, against
Al cars last week, and lis cars a year
ago. Chicago receipts were 23S cars, 43 Of
Ontrct grade. Aggregate primary receipts
yere 1,1lS,OOO bU, compared with $4,000
jU a year ago. SeabOard clearances of
wheat and flour amounted to $4,000 blu.
Sew York reported export engagements
IF Il loads.
Corn, considering the dullness of the
other markets, was quite active and
itrOng. Crop reports were of a much
gloomy tenor than heretofore, private ad-
/ ices from Kansas City even going so
, Jar as to say that the crops in Kansas
/ ind Nebraska would be the poorest ever
Known. Drought and hot winds were
! till prevailing, with little prospect of
,elief. The demand from shorts was at
lines quite sharp, and offerings were
I 5ght all day, october and December were
4 wen stronger than the more active OPP
ion. Receipts were 1872 cars September
| anged from 39c to 39%c, and closed Bc
/ higher at $500.
Oats were dull but steady. The market
! vas rather easy at the opening on the
( beavy receipts, but the strength of corn
/ loon caused rally and prices were well
( maintained for the balance of the ses-
Z non. IIduillS WAS lSnl lHTOuSHOuC. ne
j eipts were sos cars. September ranged
4 rom 2215c to 22$sc, and closed 7s6DAc
higher at 223sc.
! [ Provisions were very dull and rather
tasy. Lower hog prices resulted in
mall opening decline and not enough in
/ ereSt was taken in the market to cause
! my further material change in price or
lone. Outsiders were moderate sellers.
] At the close September pork was PIC
/ bwer at Sll722; lard SC lower at $675:
/ lbs PFC lower at $712k.
/ Estimates Saturday: Wheat, 270 cars;
d3orn, $50 cars; oats, 470 cars; hogs, Is COO
J lead
! The leading futures ranged as follows: