The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-28
SUMMARY OF HE DAVIS TRANSACTIONS IN The MARKETS
WHEAT GAINS FURTHER
ACTIVE GENERAL DEMAND PRE-
Walls FROM THE START
European War Clouds and Strong Domes-
tic Cash Markets Strengthen Wheat
Greatiy-Foredgners Are Good Buyers
Here

CHICAGO, July 27.-European war
c c9 and strong domestic cash markets
TO-DAY gave renewed impetus to the. up
ward trend of speculative wheat values
here. At the close September wheat
.Shewed a gain of Nc. Corn was up &c
Oats We're a shade higher Provisions
Were practically uncfla nged
Under the stimulus of a fresh burst of
ipleHisfness at Liverpool and the Unsettled
cendltlonS of the European political sit
uat1en the wheat market here opened
beins- up A@3sc to IS @Ac at 8SAc to
o9Ac. From the start there was all active
general demand. A sharp decline in con
soils owing to the grave aspect of affairs
between England and Russia caused very
strong Wheat markets abroad and in con-
SEQUENCE foreigners were good buyers
mere. There was also a better export de-
Inaitd for wheat and flour. Further reports
We're received of additional loss III wheat
IN the Southwest and adyices from. The
S5rNsorthWest We're far from encouraging.
on the Whole the bulls had everything
tlefr own way and there was no selling
o. importance except by longs Who took
profits. Prices at one time reached YES
terGay's closing figures, on such realizing
sales September sold off to SS5b @885sc.
thereafter, however, the market advanced
rapidly with only slight recessions. Re
ports OF threShing returns from Missouri
ana Michigan were very disappointing and
cash markets everywhere We're exception
ally strong. To cap the climax, word was
TOR man there had sold Kansas wheat to
go. TO California. Primary receipts were
fairly large, but the urgent demand more
imam offset this Influence. The high point
on september was reached at 90Ac. A
slight reaction occurred just before the
close. Final figures on September were
89A @S9kc.
Clearances of wheat and flour were
equal to 33. 200 bushels. Primary re-
ceipts were 769,2O0 bushels, compared
with 571,6oo bushels a year ago. Mime
ceipts Of 219 cars against 211 cars last
year ana 233 cars year ago.
Corn Is Firm
As result of the decided strength of
wheat, a firm feeling prevailed in the corn
pit. Local traders were inclined to sell
action of wheat prevented any liberal of
Ierings. Primary receipts were fairly
large and the cash demand rather slow.
On the whole the volume of business was
er at 1890 to 1880, sold between 1870
495sc and soc, and closed at 49Hc. Local
receipts were 173 cars, with II of con-
tract grade.
There was a fair buying of oats by
commission houses on the strength of
wheat, but offerings from pit traders were
OF sufficient quantity to hold the market
about steady. The inquiry for the cash
article was rather slow and this had a
tendency to restrict interest in speculative
trading. September opened a shade higher
DIT o5SSc, ranged between 80 rs QpS3 "A c ana
331sc, and closed at 33asc. Local receipts
We're 81 cars.
Pending a settlement of the stock yards
strike the provisions market was practi-
eally lifeleSs. small demand from pit
traders with only light offerings caused a
firm undertone. September pork and
ribs were each up 2!sc, at the close, final
figures being $12. IS and $7.50@7 .52h,
respectively. Lard was unchanged at
Sc 80. Estimated receipts for tomorrow:
Wheat a ears corn, 242 cars; oats, SO
cars; hogs. Is, 900 head. = - s 'sis'i.
Il Range. of Quotations
The leading futures ranged as follows: