The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-07-02

SAlIS<A1O, u lily IL lG grain IIldI-
kets, after giving early indications of
quoting, broke loose again today and
scored new high prices in the July de-
livery. July corn touched 78c follow
ing certain indications that the bull
crowd means to carry the corner
through to finish. July wheat closed
Is a Ac higher, September wheat, q
"a &c up; July corn, l 1ac higher, and
september corn 1sc lower. July oats
showed a closing loss of &c, while the
September was 1ac improved. Provis-
ions dull and closed unchanged to 71a
@10c higher.
The first sale of July corn was at
72hc, the same as the close yester-
day. During the next two hours shorts
bid the market steadily up to 1870.
There was reason for their bidding,
for of the deliveries on July contracts
nearly the whole 100000 blu went to
Harris. Gates & Co. This firm is cred
tied with having bought 100000 blu
of corn, deliverable this month. The
contracts stocks are only 3,000,0 900. On
this bulge the bulls let out some corn
under which July backed down to
742c. Here another frantic endeavor
to cover at this concession sent the
price within five minutes to 78c. The
bull crowd here let out more stuff,
and at the close the market was un-
settled, with July / NC higher at 74c
September options advanced on the
weather and in sympathy with July
from CSC to 64Bc, but was sold heavily
by the July manipulators and others,
and closed 1sc down at 62Mc. Receipts
were 279 cars.
Wheat Traders Hopeful.
Wheat traders, like those in corn,
seemed to take a more cheerful view
of the crop situation early, but later
in the day the weather map, with it's
prospects of more rain where anything
but moisture is wanted. reaWakened
the excitement of yesterday and prices
promptly went on a record breaking
tour. July from 74B @75c at the open
ing to IT'S, while September advance
ed from 1889 to 753sc. 1t was a
big crowd of shorts which did the bid
ding, led by st. Louis interests, which
were credited with buying close to
100000 blu of the July and about
100000 September. On the bulge,
however, realizing sales were made in
heavy quantities, and both July and
September receded, the latter, how
ever, closing ia @1Ac higher at 1850,
and the former 40 &c up at 74%@
74kc. Primary receipts aggregated
$4,000 -bu, against 100000 blu the cor
responding day year ago. Local re-
ce1ptS We're 81 cars 10 of contract
grade; Minneapolis and Duluth re-
ported 295 cars, making total for the
three points of 382 cars, compared
with 284 last week and 344 a year ago.
Seaboard clearances were 900 blu.
The worlds visible, according to Brad
streets report, decreased 5,25O,00O bu.
In oats there was nothing like the
trade of yesterday, yet the market was
an active one-a reduced counterpart
of the corn market. No one was par
ticularly prominent in the trade, but
generally the country seemed to be
doing the buying, which local traders
sold. The corn influence and the
weather were the factors in the adj
vance which marked the forenoon.
With the selling in other pits oats
also receded. July sold between 47Ac
and soc, and closed Is lower at 48A c.
September ranged between 34%c and
37Bc, closing 1hc improved at 35hc.
Provisions were dull but steady in
sympathy with corn and higher
prices. September pork closed sc high
er at $18. 55; September lard ~ @1Oc
up at SO. TN, and September ribs un-s
changed at $40. 671a.
The estimated receipts for tomorrow
are: Wheat, 25 cars; corn, 100 cars;
oats, los cars, and q, 900 head of hogs.
me leading futures ranged as follows: