The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-19
OF THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT BlILGES AGAIN
sRFToNs SAY RUSSIAN CROP is
SHORT
Rain in Red River Valley Also Has Eff
feet OF Boosting Market and Worlds
Shipments Show LARGE Decrease

CHICAGO. July 1S.-Rains in the Red
River valley and a sharp advance at Liv-
eTpooi caused decided strength In the
wheat market here today. At the close
September wheat showed a gain OF 1s@
l4c- Corn Is down &c. Oats are OF &c.
Provisions are practically unchanged
Al. the opening III wheat there was ap-
parentiy but one opinion. namely that
the early news strongly favored higher
prices To begin with, the Liverpool mar
ket showed marked advance. prices
there being up over q penny That of
Itself was sufficiently significant, but II
was also accompanied by a statement
that the advance was partly due TO
buHiSh report OF the Russian crop as
published by a London newspaper. In
addition. the worlds shipments were light,
and the amount on passage showed
decrease OF over three million bushels
In addition to the foreign situation
heayy- rains were reported in the Red
River valley Shorts were active bidders
at the start With light offerings initial
quotations on September were uD A6%c
at ISIS 4SS11e- AS the session advanced
buying became more general the demand
from foreigners being Of a better char
acIer Inan Tor some time past Selling
was largely in the way OF profit taking.
After September had advanced to S9J4c
the market experienced slight setback
as a result OF beaFish advices from the
Southwest, where harvesting operations
We're reported again in full blast Senti-
nenI- however, was bulliSh the entire
day Inc close on September was at IS =
GS9c. July sold between $3.50 and csc,
and closed at 9T1sc. Clearances of wheat
and -four We're equal 10 IS. 500 bu- The
amount on passage decreased 3.2S0.o00 blu.
and the visible supply decreased 759, 900
Du- Primary receipts were 51S.700 bu.
compared with GA 900 bu wear ago
Minneapolis. Duluth and Chicago reported
receipts OF $50 cars against SEQ cars last
week and 800 cars a year ago.
In sympathy with the strength OF
wheat the corn market opened quite firm.
but sentiment soon changed. an easier
tone prevailing the greater part OF the
day Excellent weather conditions were
the principal influence tending TO Offset
traders IN the corn pit were affected con-
Sldefabfy by larger worlds shipments and
prospects OF increased receipts Septem-
Der opened unchanged to &c higher at
40 &c 10 1870 sold OF to 4S3sc and closed
at 4S1se. Local receipts were 233 cars.
with 10 OF contract grade.
There was a fair scattered trade in
oats with the main feature being buying
Of September by prominent commission
house The market showed a fair degree
OF hrmneSS at the start under the infiu-
ence OF the strength of wheat. but sell
ing by pit traders soon caused a reaction
Crop adyices were more favorable After
opening unchanged 10 Sc higher at 32s
433c September declined TO 325sc and
closed at 324c. Local receipts were 127
cars.
Buying by shorts caused considerable
strength in provisions at the start but
much OF the early gain was subsequently
lost on proHt-taklng- Owing TO the strike
there was no disposition manifested on
the part OF pit traders or scalpers TO
trade in provisions. and in consequence
the market was dull the greater part of
the session At the close September pork
was up 21se ar So 90692. 921s Lard and
ribs were each I'D 215c at Sc. 50 and
$3.50. respectively. Estimated receipts
for tomorrow: Wheat % cars: corn 4e4
cars: oats, 147 cars: hogs, 5000 head.
Range of Quotations
The leading futures ranged as follows: