The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-07-19
WHEAT BROKE MAR CLOSE
WAS FIRM FOR HOURS, BUT FINAL
LY GAVE WAY FOR LACK
OF SUPPORT
CORN WENT WITH WHEAT
Primarily the Break in Corn Was an
Influence in the Market for
Wheat-Oats Were
Dull.
CORN WENT WITH WHEAT

CHICAGO, July 1S.-Wheat was firm
for hours today. but broke later with
porn on lack Of support. September clos
ing l1sc under yesterday. Corn slumped
on talk of big crop and September con-
GUIDED the session &c lower. Oats closed
Pc down, and provisions unchanged to
Trade IN wheat was only moderate, and
the course OF the market irregular. The
opening was tinra5 September CSC over the
close yesterday at U%4c to 775sc. In this
bulge were q bealfounds as Influences
higher cables from Liverpool, small
Northwest receipts and ~unfayorable re-
ports from tllso ID aketasys on profit taking
which met. the initial bulge, September
declined to 1850 Then, in an cratic
mood the market rallied to 77zsc but
dropped Oft with great rapidfty from
that to 771so- Again the hard lighting
bulls forced the price back to 77%Ql7Sc
In this they were assisted by covering
by scalp1ng. shorts for profits. 1t was
following this bulge that the severesk
break Of the day occurred and brought
the market to an ingloriouS finish.
PrtnaIily the break in corn was an
influence. In addition to~this, Southwest
receipts were large and the outside SUD-
port was a nerVeleSs affair. The North>
lwest, while claiming irreparable damage
Tor the DakotaS and asserting that the
TO help, Were sellers. September tumbled
down 10 z676c, and closed weak, 11sc
under yesterday at 761se.
( Clearances at the seaboard in wheat and
mary points receipts amounted to 765, coo
bu compared with 100000 last lear
Minneapolis and Duluth reported 231 cars,
against los last week and 4f0 a year ago
Local receipts were IS cars, IS of contract
grade. .New York reported 45 loads taken
for export. tf@' 3f's+N+ ~ff7P
Corn opened frm,- but thereafter acted
like a market too worn from sickness to
get Wellin d hurry! AT the start there
was moderate buying on the small coun-
try offerings and on the theory of some
reaction being due after a severe decline
the two previous days was potent IN
sideratiOn. Add to this some deSultory
reports of moderate damages to the crop
before the rain struck it, and 1t gives no
bull side. The market held well until
about noon, and then slumped. Talk of
q big crop became more enthusiastic, and
at last started more liquidation, which
had its natural result. September OPEN
cd at 395sQt3912c, touched 40c, slumped
from that to 3S1sc, and closed 1c lower
at SS12QSS3sc. Receipts were 1873 cars.
oats were dull, too lazy to assert any
contented to follow where corn led. Sep
TENDER sold between 23Tsc and 2S$sc clos
ing sc under yesterday at 232sc. Re-
ceipts were Sc cars. Crop reports were
favorable save from the Northwest.
e. Provisions were quiet and irregular,
ers of lard and ribs, but rather ne
glectful of pork. September pork sold
3 between 81. 80 and $11.871a, and closed un-
changed at $11.70;s September lard between
S6.T5 and $66715, closed cents higher at
$670Q6.7215. and September ribs between
S6.TI12 and $6.S7h. with the close 10Ql21a
up at S6.T1sc.
Estimates tomorrow: Wheat. los cars;
corn. $50; oats, 145; hogs, $4,000 head.
The leading futures ranged as follows: