The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-25
GENERAL MARKET SYMPATHY
CAUSES A DECLINE OF A CENT
AND A HALF
EXPORTS NOT ENCOURAGING
Helped by the Decline in Paris, the
Market Slid Down EasiIy-Pri-
mary Receipts Heavier Than
Last Year.

CHICAGO. July M-General apathetic
markets were largely responsible for
weakness in wheat today, September
closing lA@13sc under yesterday. Corn
closed l0l1sc down and oats Ac depress-
I'd Provisions at the close were I'M
changed to SC down.
Wheat had. not recovered from the in
lection of foreign beariSh news when
the market opened today, and September
accordingly began the session ssQ1ac to
l299sc down at 769sc to 76Ac. The crowd
figured that, with little export business
here. probable large Southeast receipts
and the increased Russian and Danubian
shipments, announced yesterday, wheat
was not worth prevailing prices Fol-
lowing this the market, on covering by
shorts for profits and little scattered
buying, rallied to 7634c. Then the mar
ket started TO slide, and it slid with the
greatest ease, helped by decline at
Paris, reports that France will raise
wheat enough for her own consumption
and that Russia had large supply of
hold-over wheat.
September early declined to 1880, rose
to 1880. lost it's holds again, and then,
on Bradstreets announcement that the
world visible had decreased 100000 bu,
recovered to 1850. This bulge, like the
others, was lost and the close found the
market at its weakest, September 119Q19sc
under yesterday at 75Ac E
Winter wheat points received less wheat
than the saEae day last year-413,0O0 bu
against $4,000 a year ago. These figures
were influential in the second recovery,
from 1899 to 761s076Ac
New York reported 40 leads taken for
export, and cash sales here were put at
10000 bu Clearances at the seaboard in
wheat and flour were equal to 327 900 bu
Primary receipts aggregated 794,0,0.
against 657, 600 blu the corresponding day
OF last year. Minneapolis and Duluth re-
ported 226 cars. compared with 203 last
week and 262 a year ago. Local receipts
were 291 cars, Sc Of contract grade.
Corn was quiet and lower early, but
steadied after good concession in prices.
There were heavy rains In the best grow
ing states. Another encouragement to
sellers was to be found in talk that the
export demand, which has been very ex-
cellent, was showing signs of eXhaus-
ton. Some exporters were credited with
rcsefling here. The price suffered over
lie early and thereafter fluctuated narrow
ly-nOt much pressure either way. Sep
TENDER sold between $50 and CSC, and
closed 14l1sc down at SS12c. Receipts here
We're $50 cars.
Oats were relatively firm, supported by
the Iowa report that oats in shock and
In stack had suffered from the incessant
rains. The Northwest was a moderate
seller. while there was some good local
support. September sold between 23A
239sc and 2sQ231sc, closing Ac down at
23lsc. Receipts, 1877 cars.
Compared with the grains, provisions
We're firm, easing but little in sympathy
with the grain weakness. The market
felt the sustaining influence of light hog
receipts and liberal shipments of prod
ucts. Trade was quiet. September op-
tons closed: Pork, unchanged, 81 .9211ha I;
lard, DC lower at S6.H12; ribs, PIC de-
pressed at $685.
Estimates tomorrow: Wheat, $50 cars;
corn. $50 cars; oats, rs cars; hogs, $4,000
head.
The leading futures ranged as follows: