The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-26
WHEAT GAINS A CENT
COMPLICATIONS BETWEEN RUSSIA
AND OTHER POWERS EXPECTED
Favorable Weather Conditions Do Not
Prevent Firm Tone at the Opening
Small Break Occurs Followed by
. Heavy Demand

July 25.-Possible complica-
IONS between Russia and other powers
paved an important role in the wheat
I mhasf today Day As, As a result September
wheat at The close here showed a gain
81 an even cent. Corn is up &c oats
are Ae g. higher Provisions were down
Strong foreign markets in the face of
extreme weakness here Saturday impaired
nrm tone to wheat at the opening. not
WIrthstanding the favorable weather con-
oitionS ana increased receipts. Quota
lions on September were up A@Kc at
ot0of sc. For time little disposition to
sell was manifested, and with a fair de-
rland from shorts September advanced to
S1asc. On the slight upturn. however,
considerable scattered commission house
selling developed, resulting later in quite
houses that recently had been bulling
the market was almost entirely lacking.
IN "a a. consequence; September declined to
SbiA QS6Bc. The demand on the small
break became SO urgent that earlier sell
ers hastened to buy their wheat back,
and in the absence of offerings prices
advanced quickly. The uncertainty sur
progress of the Russo japanese war was
an all important factor in causing bullish
sentiment during the latter part of the
Gay. Some reports of rust were received
from the spring wheat country. but in
the main. crop advices were favorable.
a eash pr primary receipts and weakness in
by the majority of traders The market
continued strong the remainder of the
session After touching SSc September
closed at S7%c.
Clearances of wheat and flour were
equal to $500 bushels. The amount on
passage decreased 392, 900 bushels and the
Visible supply decreased 544, 600 bushels.
Urinary receipts are 839, 500 bushels, COM
pared with 698,700 bushels a year ago.
Minneapolis, Duluth and Chicago report
ed receipts of 43O cars. against $50 cars
idSl week ana 40 cars year ago.
=
Trading in corn was rather slow. the
strength that developed in the market
being more the effect of the advance in
wheat than the result of any urgent de-
mand. Liberal receipts and favorable
weather caused pit traders to fight shy
OF the long side and the strength of wheat
made short selling equally hazardous. The
market was helped some by a report that
fsr gsueri ieeasts We're buying all cash of
iy at the high point. September opened
shade to 1sc higher at 491s to 49h a
ay4c, sold between 49@4s@c and 1870
were 306 cars, with % of contract grade
In sympathy with other grains the oats
market ruled firm The volume of trading
was light, business being confined main
~ to commission houses September
opened shade higher at 33c, ranged
between 32B @3314c. and closed at 1914 a
30 &c. Local receipts We're 102 cars.
NO interest was manifested in the pro-
owing to the strike < little si long stuff stuff
SANE SANE out aae,,a late in the day, causing a
PORK Pc 5 Vas down aassAc at $12.7e; lard was
loo at $7.421a.
Wheat. 10 cars; corn, SGT cars; oats.
lis cars; hogs. 5000 head.
Range of Quotations
The leading futures ranged as follows:
- Open. High Low / Close