The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-15

CHICAGO. July 14.-Rains in the North
west and Kansas caused an advance OF 2Ssc
today in July wheat and 1c in September
Under pressure OF proft-taking sales.
however. there was a reaction, the cash
month closing with net gain OF 1ssc,
While September left off with nc net loss.
Corn closed SCI down. Oats are unchang-
ed. Provisions are-f0c TO 221zc lower.
Weather and crop news was of an al
most sensational character Short sellers
concluded there was mercy for them IN
the conditions developed by the renewed
rains and were desperate buyers. Old
July wheat-the fancy deal-which clos
ed on Wednesdays advance at 95Ac.
opened today at SIC to 9715c and moved
up TO eS14c Sc higher New style July
sold S51zc to $3.50 first trades and went
10 91&tc For the new September, the big
speculative option, the price started
Ss5sc a shade less than 1L.c over
the close last night Then followed
period of heavy profit realizing sales.
was from 9S1xc to SIC for the old July and
from SS5sc to STI4 c for the new Septem-
Der. The price. after 1c advance to &c,
reacted to seize
Bad Report From Kansas
One Of the principal factors IN the ad-
vance was the official report Of Secretary
Coburn. OF the Kansas bureau. 1t de-
elareS that long continued rains have
made il impossible To save the Kansas
wheat in merehantable condition a KAN
the winter wheat haryeStS since July at
80. Gee. 900 bu- From Nebraska most serious
claims were made of rust and blight. The
state bulletin put the yield at 80 to so
per cent OF a crop
Liverpool was sd to I'D higher Eng
llSh country markets were up Sd to Is
and very strong Mills were reported as
buying wheat at 81 bu in Tennessee.
Heavy rains appeared over the entire
Northwest In the face OF some excellent
buying the realizing sales continued on a
7ox-
market TO low point at the close July
prices held part of the SC advance. rest
ing at S7e old and 963zc new. New Sep.
TENDER. after rally from $3.50 to 81 &c
last hour settled back at close TO S6Ss q
SS44c or lie under last night.
; S1eafanceS OF wheat and flour were
equal to 14,3oe bu Primary receipts were
236.Ve8 bu- against 42s 800 a year ago.
Minneapolis and Duluth reported receipts
of lie cars Local receipts were cars.
Corn Is a Loser
Strength in wheat brought out a good
demand for corn. SepteubeC starting with
a gain OF lse to Lte at 49sse TO 49%c
There was plenty or cern for sale and
when the break in wheat prices occurred
the eearser grains readily followed. A de-
mand from commission houses spraug up
when the price had declined TO 435sc
and close showed a slight Improvement
although but tTif1e above the bottom al
4S1sc- Local receipts were 1913 cars.
Oats were firm at the outset inspired
by the bullish action OF wheat. with Sep
TEMPER up &c TO sSse- Reaction follow.
ed under pressure of realizing sales by
longs with profits A steady decline was
scored final trades being at the lowest
point for the day, 32Ac. Local receipts
were 81 cass.
Weakness IL provisions was due to Iack
OF support Interests that have been cred
tied with btfiiing the market sold gem
erousiy on prospects of settlement of
the stock yards strike. Outsiders were
also sellers September pork closed 221Sc
Oh at S12- BIZ Lard was down I2Ibc.
Ribs showed a net loss of 11c.
Estimated receipts fo- tomorrow
Wheat. cars, corn 25S cars; oats, "a
cars, hogs. 1000.
Range OF Quotations
The leading futures ranged as follows:
2 Ilr.l.s 4 4 ~