The Saint Paul globe., 1901-07-23
CONTINUATION OF EXTREME HEAT
COMBINED WITH DROUGHT,
CAUSES 4 PANIC
GAINS AVERAGE NEARLY &c
Range From 3 I-Sc in Oats to 4 3-Sc
for September COrn-PrOVisiOns
Also Higher, Pork Adj
VancinG 35c.
Closing.
%T1-A,- Aat

CHICAGO, July PIN the grain pits
there was a WILDLY bulliSh day. lmpelled
by the hopeless tone or adNlces OIL
parched prairieS, wheat, corn and oats
scored SENSATIONAL advances and closed
eXcltedly strong, respectively 31sc, 47sc
and 3Gt3Isc higher for Septem ia dellV-
cry. Provisions closed higher IN SYM
pathy, September pork advancing Joc.
Wheat opened with a demand for Sep
tember from 69lsQ70Ac, an adaVnce OF
72G9sc to lA@7sc, due to higher cables,
rather bullish statistics and sympathy
with corn, but to greater GeSree 70
reports Of heat and drought in the North
west, coupled with a message claiming
damages had already reached serious
stage. In the Dakotas and in Minnesota
many fields were said to have been shrlV-
eled by the Scorching winds. Realizing,
largely by the local professional inter-
est caused an early drop to 69%q69tsc.
This selling movement was OF conSldera-
bic weight, but buying orders accumu-
lated fast and after a few moments of
depression the market became wild
again, and shortly after noon September
was bid up eXcitedly to 1850 Realizing
sales again eXerted great pressure, but
the market yielded stubbornly, and the
close was excited and strong, Septem-
Der 3sc over Saturday al 72$s@7212c. The
Worlds shipments last week were 7,6l5,-
O00 bu, while the quantity afoat showed
a decrease of COO bu. Seaboard
ClearanceS were SS1, 900 bu. Primary re-
Ceipts aggregate /, 600 bu. Northwest
, receipts were 434 cars, against 474 cars
last week and 369 a year ago. Local re-
ceipts were 247 cars, III of contract
grade.
The bulk of corn handled changed
hands at prices at least Sc better than
sundays s level. There was demand so
frantic that ii would have seemed almost
reasonless had it not been that traders
were again confronted with unlimited
reports of withered crops throughout
the corn belt and a weather forecast
GnY,fa ,1,r,. a
with a series of bids from 57G59c Sell
Ing by local longs influenced an early
reaction to SIC, bat here the sweeping
demand from the country as we'll aS
from local people, caught the market.
ana september scarcely stopped adVanc-
ing until a51sc had been paid for small
lot, Ine close was strong, 1850 higher, at
b94sd59l2c One of the reports that was
influential said that a railroad was car
rylng back to Kansas 100000 bu OF corn
from minnesota. 1t was said that ther9
were o'OUOWO bu more of the Kansas
grown corn awaiting reShipment TO the
orought-stricken districts Receints were
260 cars. t0
Oats advanced actively in sympathy
WIN corn; IL was wild market all
uay and difficult to trade in as sellers
We're few and far between save al tbe
pest ugures of the day. An enormous
business was transacted both for the To-
Edl ana country account. ReceiDts were
B4 cars. September sold between qei. n
Sec sec and closed SQS1sc higher at $50
B6Ac. |sN
PROVISIONS were moderately active.
Ihere was a sharp demand for January
largely in sympathy with corn. Sentem,
per was purchased on a more modera fa
scale ig September pork closed S5c higher
at Sl45t12; September lard sc IN at sS 7o'
and September ribs lOc imDrovnd Of 60 ~
Ihe estimated receipts for tomorro1v YY
are: Wheat, $50 cars; corn. t,iOc 500 caps. apw
oaTS. Iio cars, and 1900 head Of hogs ,
nc lea9llg futures ranged as follows.