The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-08-06
HEAVY CLEARANCES, COUPLED
WITH LIGHT OFFERINGS, SEND
THE PRICE Up / 3-Sc
SEPTEMBER CORN UP 1-8 CENT
Favorable Conditions Check Lar
ger characterization Ruled
Dull, Closing From = lie
TO Zoe Down
Closing.

CHICAGO, Aug. 5.-Conditions gener-
ally. were bullish today, and September
wheat closed an active day l3sc net
higher Corn closed 1sc higher, and oats
WeTo 2h ctO Ice down.
September wheat opened unchanged to
i higher at 69I4c to SAGE, under buying
Occasioned by rather bullish statements
of worlds shipments and the amount on
passage, and an advance at Paris. Trade
was dun for time, however, and an
easier tone in corn found reflection IN
wheat, which worked off to 6SAm6S1sc
during the first half hour. SeabOard
ClearanceS We're reported heavy, While
offerings from first hands in the West
were said to be light. While gloomy
tidingS of the condition of the corn crop
had no marked effect in the pit, where
maize for future delivery is handled IL
was accepted by wheat traders as en-
phasiZing the bullishness of the wheat
position. A fair-sized short interest was
driven 10 cover by the awakening aggreS~
sivenesS of the bulls and September ad-
Vanced without material setback to 707sc
There was the usual prOfit-taktng on the
bulge. but the market held strong and
closed 1850 over Saturday at I09sc. LO-
cal receipts were 81 cars. 60 of contract
grade. Minneapolis and Duluth report
ed 800 cars, against 232 last week and 1873
a year ago. Primary receipts were l.
464 go bu. compared with !, $50 600 bu last
year Seaboard clearances were equal
TO 1881 600 bu. Exporters reported sew
last week were 1897 900 bu, while the
quantity on passage showed an increase
OF Loss 600 bu, which was nearly 1000 00O
bu gain than had been expected.
Corn opened steady, but ruled easy for
a time thereafter because of general
showers West as well as favorable tenn
peratures. Crop reports came in with
the usual tone of despOndency IN
Illinois and parts of Iowa, where little
damage was thought to have been
wrought messages claimed the plant
was not caring. There was also a dis
position to fear the state reports of Kan
sas, Missouri and Nebraska. which are
about due. September having touched
55lsc early and then dropped to 56Bc,
rallied on covering to size around which
figure it fuctuated narrowly the remain
der of the session. The close showed a
bit more frmness in sympathy with TIA
wheat strength but September was only
sc over Saturday at 573sc. Receipts
were al cars
Trading in oats was moderately active,
but was mostly done by pit professionals
who were working on both sides of the
market for small profits. Feeling as
usual was governed by corn, but the
close was barely steady. September sold
between 34l2c and 35hc, and closed a
shade down at S5c Receipts were $50
cars
was steady in sympathy with higher
hogs, but the market became easier later
from sheer neglect. September pork
closed l0c lower at S1417l5; September
lard 2l2c down at $S.75. and September
ribs 2izc depressed at s.. 92l@.
Estimated receipts tomorrow: Wheat,
go cars; corn, Z35 cars; oats $50 cars;
hogs 1900 head.
The leading futures ranged as follows:
II ~