The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-16
WHEAT GOES SEEsAW
RESULT is 1T CLOSES THE DAY YIN.
CHANGED
faict-opening Is Easier Under Various
81 Bearish lnfluences-corn and Oats Gain

CHICAGO, July 15.-Under the influence
of conflicting reports as to crop damage,
wheat traders experienced a Seesaw SeS-
sion today. At the close the September
option was precisely at last nights final
quota tons. Corn is up MONO. Oats show
gain of &c. Provisions are down 21ac
to SC.
The wheat market opened easier to-
Jay, with September off shade to II a "a
at $3.50 to $3.50. The initial weakness
was result of heavy liquidation in Sep
tember: With the exception of Kansas,
more favorable weather conditions were
noted in both the spring and winter wheat
country. This Improvement was largely
responsible for the selling pressure. For
elgn statistics, however, contributed
somewhat to the beasish tendency Liver
pool cables being lower and shipments
from Argentina larger than expected The
liberal offerings were met by an excel
quite strong, September advancing to
size. An official forecast of additional
rains in the Southwest was big factor
in the upturn. There was no cessation
to the arrival of bullish news from that
section Of the country. There also We're
some reports from the Northwest of the
same tenor. A local crop expert estimat
ed the shortage in Kansas at 80, 600, 600 blu.
On the entire crop the estimate of this
authority showed decrease of 100, 600, :
900 bu compared with last year. A st.
LoulS trade journal was bulliSh on the
yield of the wheat crop but bearish on
the quality. During the last part of the
session the market again turned weak
largely in sympathy with a severe break
IN July. One explanation for the decline
IN tnat delivery was the fact that a lot
of holders sold out and replaced their
lines with. September. There was fair
demand for September late in the day, the
distant deliveries closing moderately firm
Final figures on September were S65a 90
S6Ac. July sold between CSC and 96% c,
closing at the low point with a loss of
I've.
Clearances of wheat and flour were
equal to 119, 600 bu. Primary receipts were
306, 500 blu, compared with 458 500 bu a
year ago. Exports for the week. as shown
by Bradstreets, We're 1,412,0 900 blu. Min
neapolis. Duluth and Chicago reported re-
reipts of 231 cars against 14S cars last
week and 220 cars a year ago.
s- Corn Firms Up
Weather being quite favorable, the corn
market had somewhat easier tone at the
opening, but with the firmer feeling that
developed in wheat sentiment soon became
quite hrm At times there was fair buy
ing by shorts. Commission houses also
were liberal purchasers of September The
market was helped by the strong cash sit
uatlon- The close was near the highest
,Ac. to &c lower at 4S1kc to 48s @4Ssc,
sold up to 49Ac and closed at 49@49ikc
Local receipts We're Isl cars, with 10 of
contract grade.
In view of the firmness in other grains.
together with small stocks and light re-
celpfs, oats were in fair demand at a
slight advance in prices. September open
ed 1sc to h@Ac lower at 31B @32c to
BE, sold up to 323sc and closed at thu
top: Local receipts were 101 cars.
The provision market received no sup
port from influential quarters and was for
the most part permitted to drift Under
the influence Of lower prices for hogs the
tendency was downward. At the close
September pork was off sc at $l2 80 Sep
TENDER lard was down 21ac at Sc 921s and
ribs closed with loss of 21ec at 81 .571h.
Estimated receipts for tomorrow:
Wheat, cars; corn, 272 cars; oats, IS
Range Of Quotations
= The leading futures ranged as follows: