The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-08-08
WHEAT OPENED HIGHER
MARKET SCORED SHARP ADVANCE
ON BAD WEATHER REPORTS
FROM ENGLAND
EXPORT SALES WERE LIBERAL
Damage to Corn Crop From Heat
Was Responsible for Better Price
Oats Made Slight Gain
Provisions Steady.
EXPORT SALES WERE LIBERAL

CHICAGO. Aug. 7.-Today's grain mar
kets were again largely influenced by
weather conditions here and abroad
Wheat closed at an advance Of $4QBc,
the factor being the sharp advance at
Liverpool, occasioned by the wet wealth
er in England. Corn advanced %0%c
Influenced by the hot winds, which are
playing havoc with the crop. Oats adj
Vanced Ac and provisions scored PIC adj
vance all around.
AT the opening in wheat, and for
few minutes afterwards, an exceedingly
lively business was done, compared with
the almost utter stagnatiOn of recent
sessions. Early quotations from Liver
pool furnished big surprise to local
traders showing an advance in that mar
ket of lAWl3sd. The advance was said
to be due TO exceptionally bad weather
all over the United Kingdom. greatly in
terferipg with harvest operations. Open
ing quotations in September ranged from
"a to lc over yesterdays closing prices,
the range being from 76Bc to 76bc. But
there the advance stopped, and it took
but a few minutes of the heavy realizing
which started at once to force prices
back quite materially. Offerings for some
time were heavy, long wheat coming out
in large quantities, principally from To-
cal holders. though houses with foreign
connections We're also prominent In the
selling.
There were apparently plenty of buy
ing orders in the market at ice and I'M
der, and the market was not often al
lowed to die below that figure up to the
noon hour, the lowest point touched up
to that time being 753sc. After noon the
market, which h4d gradually become ex-
tremely dull, became heavy also. The
crowd was evidently long and the mar
ket declined to. 75$zc, mostly from its own
weight. Shortly before the close re-
ports of liberal export sales gave a bet
ter tone to the market and prices re-
covered somewhat. September advanced
to l6Ac bid. and that was the price at
the close.
Northwest receipts were 219 cars, COM
pared with 304 last week and 1873 a year
ago. Chicago receipts We're $50 cars, 63
Of contract grade. Total primary re-
year ago. The worlds visible supply,
recording to Bradstreet's. increased l.
10000 bu, about what the trade had been
looking for. New York reported export
engagements of so loads
Corn opened strong and higher on the
continued hot weather in the West, which
was reported to be doing great damage
to the crop. Offerings a no time We're
heavy, and the market easily absorbed
them, Country acceptances were light
and the shipping demand good. Receipts
were $40 cars. September ranged from
B61sc to 5S2s95S4c. and closed at 3S320
BS5sc.
Oats were quiet, but steady at small
advance RS,g over Yesterday. traders. being
developed in other grain markets. A fea-
ture was the entire absence of country
selling, and most of the buying orders
were from that source. Receipts were
heaNy1-flS cars. September ranged from
R13Sc.
general trade, with packers best buyers.
There Was some outside demand, presum-
ably influenced by the government de-
mand for meats. There We're no new
disturbing developments as regards the
yellow fever outbreak The cash de-
mand was excellent and had considerable
influence on trading. AT the close Sep
TENDER pork was 1219c higher at $11 .S71a;
lard 25Sc higher at $685.; ribs 21ac higher
at $I.l59g7.171a.
Estimates tomorrow: Wheat $50 cars:
head.
The leading futures ranged as follows: