The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-14
SUMMARY OF THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT LIFTS AGAIN
SERIOUS SHORTAGE IN THE CROP is
STILL FEARED
Everything in the Way OF News Tends to
Strengthen Prices-Rase of Three Cents
at Duluth Has important influence

CHICAGO, July Brain in the North
west, demand for wheat from Eastern
miiiefS today, and grave fears of a serious
shortage in the crop caused a net gain of
2 c in September wheat: Corn is up q %
sc oats made gain of II Csc. Pro-
visions closed unchanged to Ice higher
Nearly everything in the way of news
today tended to induce strength in wheat
prices. Doubt has entered the minds of
traders as to whether the size of the crop
Will permit any surplus for export. Orders
from the Northwest and Southwest were
abundant and crop damage reports came
from all over the winter wheat country
september started firm d shade lower to
SO re higher at S61s @S6Ssc. and sold up
to SfSsc before the demand was satisfied
Gables and foreign advices were buiiish
factors. A gain of &c a buSheI in July
wheat at Duluth, under strong demand
from millers in the East was the most
potent OF the late influences causing an
advance of PIC in that option here, and
corresponding strength in the other de-
inverness Reports of general rain through
downfall in the Red river valley, where the
ground was already soaked, being men
toned as especially heavy. The top
prices did not hold owing to heavy Iiqui-
cation by longs with profits which set in
toward the close.
Final trades were at S6zs @s7e. Primary
receipts We're 2S7,00 hu. against 423, 900 bu
last year ClearanceS of wheat and -four
We're equal to $40 blu. Minneapolis DII-
ruth and chicago reported receipts OF 209
cars Only one car was received here.
Corn Turns Finally
The corn market acted independently of
the fine weather and ruled strong on small
receipts and reports of serious crop dam
age, the latter being eStima ted in some
instances at from 20 to- % per cent On
such news and the higher prices scored by
wheat September corn was shade to &c
higher at the start, 4S% 44SBe, and sold
up to 4919@499sc, closing firm at 1870.
Cash corn was strong and had a marked
influence on the deferred delivery. Local
receipts were 95 cars.
The oats market was fairly active and
strong. The firnness OF the other grains
Was partly the reason, but threatened dis
appearance Of contract oats from local
stocks was also factor. September
opened a shade lower at 81 sc and touched
323sc. The advance was well maintained
the close being but fraction under the
top at 32Ac. Local receipts were ~ cars.
Wholly at sea as to the outcome of the
strike at the stock yards. there was a dis
position among provision traders to reduce
lines. In spite of large offerings, how
ever there was a bullish tendency gener-
ally, and holders were able to sell out at
firm prices. Quotations were higher at
the yards and helped the sentiment in the
provision pit. September pork closed 10c
higher at S13. 1e. Lard was unchanged at
S7.6T5a. Ribs gains 21ac at $40.
Estimated receipts for tomorrow:
Wheat cars: corn. 200 cars; oats, 81
cars; hogs, LOGO head.
Range of Quotations
The leading futures ranged as follows: