The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-18
WHEAT BULLS ARE GAY
NORTHWESTERN HEAT SENDS UP
THEsPRIcE OF SEPTEMBER
Situation In the Spring Wheat Territory Is
the Chief RuiI Factor of the Day-AH
Deliveries Gain and So Do Corn and
Oats .,s->e

4 CHICAGO. July 16.-Scorcfing weather
IN the Northwest today gave enthusiasm
10 the bull campaign in wheat As a re-
SUIT september closed 1@1Ac higher than
yesterdays final quotations. Corn is up
4 "a ssc. Oats. show an advance of &c.
-Frovlslons are unchanged to 75ke higher.
Lower cables and greatly improved
weather conditions generally throughout
Inc country brought out a few selling or
GERS 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 a shade
20 Afs41e14c at S61ac to $3.50. Before sell
ing orders had been disposed of. Septem-
her. eased off to 86ss @S61sc. The North
west, however, sent in buying orders on
The small opening decline. The North
west orders caused an active demand from.
put holders: Shorts covered fully, as there
was very little disposition to carry lines
oVefsSunday IN view of the uncertainty OF
the weather. In the Northwest the
weather was extremely hot and there
was considerable apprehension among
WfleaI traders here. as a combination of
wet grounds and high temperatures was
LIought likely to injure the growing crop.
Inc situation in the spring wheat terri
tory was the main bull factor of the
cay throughout the greater part of the
session sentiment in the Dit was decid-
edly builish. and at the close all deliveries
showed gain of about a cent over last
n1ght final figures September closed at
6hes top at S7Ac. July ranged between
94kc and 9614c, closing at the high point
Slfafances OF wheat and flour were
equal TO IS, 700 bu Primary receipts were
zlS,4p1 bu, compared with All, 500 bu a
year ago Minneapolis, Duluth and Chi
cage, reported receipts of 223 cars. against
14S cars last week and 221 cars a year
ago
Corn Also Strong
In. spite of fine weather all over the
corn belt the market for that cereal was
flrm- There was some covering by local
shorts, but the bulk of trading was done
py commission houses The strength OF
wheat was the principal bull factor I'm
proved cash demand was a minor in
Huence. The market closed practically at
the high point of the day. September
opened shade to &c lower at 49, n4SEc
10 use. sold up to 1875 0491kc and clos
ed at 1880. Local receipts were 2SS
ca7s:s :, 80
More strength was manifested in oats
rnan has been experienced for several
weeks, Commission house and local buIIs
were good buyers and in the absence of
any special selling pressure the market
responded readily TO the active demand.
, lisnt- recelpts. firm cash market ana
ssrenstn OF wheat and corn more than
ofrSet the fine weather. The market clos
ed near the top. After opening a shade
te ise lower at 32H @32A C to 32Ac. Sep
TEMPER advanced to SO and closed at
52sc. Local receipts were SIS cars
1Tadlng IN provisions was practically at
a standstilI and the market held steady
the entire day. At the close September
pork was up tx at So. s7K September
lard and ribs We're each unchanged, at
50, 925s and $7-571 u, respectively
estimated receipts for Monday: Wheat
l car corn. 225 cars; oats, 100 cars; hogs
Range of Quotations
The leading futures ranged as follows:
/ Open High r 0y- I 67ioqa-