The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-07

NEWS SUCH AS TO BRING DIscoUR-
AGEMENT TO BULLS
"crops the Finest Ever" Is the Word
Coming From Every Quarter-Much
Weakness In Corn Because of the Great
Crop in Sght-Good Support for Wheat.

CHICAGO, Aug. 6.-Bulls in the grain
PITS were greatly discouraged today over
the glowing reports from the harvest
crops the finest ever" Corn promised a.
bumper yield, and with splendid weather
Tor harvesting, spring wheat prices slump
ed OIL Some good export sales of wheat
late in the day steadied wheat and shorts
were afraid to sell more oats. This help
ed late prices. AT the close September
wheat was shade down, September corn
INC lower and September oats unchanged.
PROVISIONS closed unchanged to 12Ac
higher.
result Of the great promise of growing
crops. Gables were lower and heavy sales
were ordered from all sources. Little sup
port arrived, and the crowd held to bear
lsh sentiments on the exceptionally good
weather. The Missouri crop report indi-
Gated on present appearances total
yield of nearly 300,00O,0 600 bu, as COM
pared to only $4,000 900 bu last year. That
report was emphasized by news arriving
from private sources and caused extreme
heaviness and quick slump September
cars OF corn today, but fell back on the
heavy selling to 54Hc. Covering brought
the best support, although the report of
only so cars to come tomorrow helped in
late reaction. September did not regain
all it's losses, and closed very weak, 1Ac
down, at 545sc. Not a car Of contract
corn arrived today.
How Wheat Jared.
Wheat had a good support in spite of
the very great array of beariSh influences.
Cables were very steady compared to the
weakness here yesterday, and clearanceS
and exports We're fair. This Influences
fair support by leading elevator inter
ests, and brought a steady close after sew
eral breaks. Fine weather was reported
In the spring country. and harvesting was
on as far north as Middle Minnesota and
Southern North Dakota.
The report of the Minnesota crop eSti-
mated yield of 64,O0O,000 blu, as com
pared to 31,000,000 blu last year. Receipts
We're still in excess of those of last year,
but contract grading was still low. Sep
TENDER opened Il q &c to 3s@Ac down, at
6S% @6S9sc, sold at 691s @69Ac, dipped to
6812 @6S3sc, and closed a shade down, at
CSC Local receipts were 367 cars, Z of
contract grade Minneapolis and Duluth
reported s. cars; making total for the
lhree points s. OF 449 cars, against 357 last
ceipts were 1,174,000 bu, against 1906, 900
bu year ago. Seaboard clearances in
wheat and -four equaled $4,000 blu. The
SeaDoard reported 16 loads taken for eX-
port, Duluth shipped 80 loads, and this
point took charters for 100000 blu.
Oats and Provisions.
Oats ruled the strongest of the grains,
because of an absence of any selling pres
sure. Receipts were not large, and Sep
TENDER was in good demand from com
mission houses. Offerings were light in
spite of an easier cash situation on cheap
er offerings East by Indiana and Ohio. The
easy lOIlS III Tie OlHGI lIldThSlS HGlU OOWIl
oats to some extent, but the close was
steady and unchanged, at 31B @32c for
September. Receipts were SO cars.
Provisions were supported well by
packers, and the market ruled very firm.
There was none of the recent outside liq-
uidation, and very light offerings caused
advanced prices. Corn weakness caused
something of reaction. September pork
closed 121ac up, at $16.92h; September
lard unchanged at $10.85, and September
ribs, 121kc higher, at $40.
The estimated receipts for tomorrow
are: Wheat. 220 cars; corn, SO cars; oats,
1S5 cars, and 10000 head of hogs.
The leading futures ranged as follows: