The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-17

WHEAT BULLS ARE GAY
HEAT. SENDS UP
THE PRICE OF SEPTEMBER
Situation in the Spring Wheat Territory Is
the Chief Bull Factor of the Day-AII
Deliveries Gain and So Do Corn and
Oats

CHICAGO, July 1s.-Scorching weather
In the Northwest today gave enthusiasm
TO the bull campaign in wheat. AS re-
suit September closed 1@11sc higher than
yesterdays final quotations. Corn is up
@asc. Oats show an advance of &c
PROVISIONS are unchanged to TIC higher.
Lower cables and greatly improved
the country brought out a few selling or
deTs IN the wheat pit at the opening.
For the first few moments of trading
sentiment had an easier tone. Initial
quotations on September were off shade
to B@Ac at S65kc to S65sc. Before SELL
ing orders had been disposed of, Septem-
Der eased off to S6ss @S65zc- The North
The small opening decline. The North
west orders caused an active demand from
pit holders. Shorts covered fully, as there
was very little disposition to carry lines
over Sunday in view of the uncertainty ct
the weather. In the Northwest the
weather was extremely hot. and there
was considerable apprehension among
wheat traders here, as a combination of
wet grounds and high temperatures was
thought likely to injure the growing crop.
Inc situation IN the spring wheat terri
tory was the main bul factor of the
day. Throughout the greater part of the
session sentiment in the pit was decid-
edly bullish, and at the close all deliveries
showed a gain OF about cent over last
night s final figures. September closed at
the top at SIAc. July ranged between
"a &c and 96Ac. closing at the high point
Ciearances OF wheat and flour were
equal to 70, 700 bu. Primary receipts were
21S4eo bu, compared with ALI, 800 bu
year ago. Minneapolis, Duluth and Chi
cago reported receipts of 223 cars, against
l4S cars last week and 221 cars year
ago.
Corn Also Strong
In spite of fine weather all over the
corn belt the market for that cereal was
firm. There was some covering by local
shorts. but the bulk of trading was done
by commission houses The Strength of
proved cash demand was minor in
nuence. The market closed practically at
the nigh point Of the day. September
opened a shade to Y C lower at 4Ss4 @4SMc
to 49c. sold up to 1895 @49kc, and clos
ed at $3.50. Local receipts were 2Ss
cars.
More strength was manifested in oats
than has been experienced for several
weeks. Commission house and local bulls
were good buyers and in the absence of
any special selling pressure the market
responded readily to the active demand.
Light receipts, firm cash market and
Strength of wheat and corn more than
onset the hne weather. The market clos
ed near the top. After opening a shade
to &c lower at Bpm @32Ac to S2ssc Sep
Temp aemoer advanced to 33 and closed at
32Bc. Local receipts were IS cars
Trading in provisions was practically at
a Standstil1 and the market held steady
the entire day. At the close September
pork was up ~ at s12.S7k September
iard and ribs We're each unchanged at
S6.92k and 81 5711k. respectively.
Estimated receipts for Monday: Wheat
l car; corn. 225 cars; oats, 100 cars; hogs,
$4,000 head.
Range of Quotations
The leading futures ranged as follows: