The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-22

WHEAT BULLS 3 CENTS.
RAIN, WAR NEWS AND JULY SHORTS
MARK UP PRICE
Later Realizing Sales Cause Loss of Some
or the Advance, but Substantial Gain Is
Recorded en- Days Session

CHICAGO, July 21.-Renewed appre-
hsnslon as to possible Anglo Russian com
piicatlonS caused strength in wheat to-
cay. Rains in American harvest districts
were also leading influence. At the
Siose Septemoef wheat showed a gain or
f4c. Corn was up sc Oats are &c high
Fl ana provlsiosls up e@121kc.
opening quotations on September wheat
We're upchanged to Is q &c higher at S76p
Si4sc TO 8fAe. A resumption of unset
Tied weather in the West and Southwest
was largely responsible for the fiTnness
manifested at the start The further de-
lay IN the marketing of new wheat re-
slillHg from the additional rains was
good reason for fresh purchases by those
VINO had sold out the dav before in an
tlclpaIion OF Immediate heavy receipts
Some OF the buying however was actu-
a aIed by another motive. A revival Of
Tears regarding difficulties between Rus
sla ana Great Britain had considerable
70 90 IN bringing out the active demand
at the opening.
Another factor in the sitI1atinr u-ar tt,a
estimate OF a French journal on the total
wheat crop OF France
The figures showed a reduction in yield
or from % TO so per cent With such q
combination of crop and war news the
market became quite excited shorts being
exceedingly anxious to cover sales of
9uly, Inc price OF that delivery jumped
&c between trades. Offerings were SO
light that the price was soon more than
) cents above the initial figures
The strength OF July was reflected in the
Fanclng TO S8ssc. Late in the day much
of the advance in July was lost on real
lzihg, but the future options held at the
top Closing quotations on September
We're at SS4 aSS7sc. July ranged be-
tween 931ec and SIC and closed at 95%c.
Clearances Of wheat and Hour were
equal to 81 GOO bI
Primary receipts were 544 600 bu. com
pared with $4,000 bu q year ago Min
neapeiis, Duluth and Chicago reported re-
celpts OF 225 cars, against 176 ears last
-
wheat was largely responsible for the
fiTnnness of the corn market Commission
houses We're on. the buying side, but local
bears sold freely on every advance Trad
ing on the whole was small The market
closed almost at the high point Septem-
Der opened shade lower 10 a shade
higher at 1915 @49Lc sold between 4SIs c
and 49s4 n4S7sc and closed at the latter
figure Local receipts We're 167- cars. with
10 of contract grade.
Sentiment in the oats pit was bullish
parity because of the strength Of other
grains. but chiefly on account of the small
local stocks and the poor prospects of
receipts being much increased in the near
future. Several large commission houses
were active buyers and the selling was
scattered. After opening with loss of
&c at 3e&c. September sold up to 33ssc.
cars.
The impression that packers were sup
porting hog products turned a rather weak
PROVISION market into a strong one, the
enIre ISt showing good gains. The SELL
ing pressure at the start was due to the
settlement of the strike and to large
run of hogs, with lower prices at the
Yards The close was practically at the
high point. September pork being IIp Pic
at S12.S212. Lard and ribs were up 10c at
S6.95 and $7-55 respectively Estimated
receipts for tomorrow:
Wheat. so cars; corn. ea9 cars: oats.
30 cars; hogs. $4,000 head
Range of Quotations
The leading futures ranged as follows
- - Oman n iszl, II n1C 1,Iosa-