St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-06-17
STUDY The WEATHER
Wheat Spectators on Chicago
Change Want Meterolog-
zeal News.
The Feeling Was Alternately
Strong and Fluctuating
All Day.
Corn, Oats and Provisions a
Shade Higher at the
Close.
New York Dealings We're Of a
Professional and Bearish
Tinge.

CHICAGO. June 16.-Speculators in wheat
to-day devoted themselves chiefly to stuoy
of the weather map, and regulated thelf
trades to fit the meteorological probabilities.
July opened at 945s@95c, against 94l2c at the
close Yesterday The feeling was strong and
the price almost at once touched 9jl5c. III
fiuctuated between that price and 9i15c Tor
long lime, then, gaining renewed strength
advanced to 95S4c. In the last hour there was
Il reaction TO 95Ac, then rally to 937ec, and
the close was at 95s4c, a late Paris cable quot
ing prices lower and taking the edge OFF the
market. The early strength was due to
reports thot it was raining in the
winter wheat belt where harvesting was
in progress though the weather map did not
fully confirm these statements and fears OF a
wet harvest made shorts nervous The
amount of wheat and flour on passage also
showed decrease of 1,0l6,000 bu last week
and helped TO increase that strength Later
San Francisco dispatches to BlgeloW q 20.
reported an advance of &c per Genital there
on bids for export TO France. ). V. White
Co. Logan q Co and Cottrell were good buy
eTS during most of the early session. oman
local shorts also covered very freely. Liver
pool advices showed a decline there OF 12d,
with trade dull. The announcement that
Durham d Co. had transferred their trades
and would retire from business did not have
any appreciable effect on the market; but the
TACT lldL all dCllOu WAS DcSuil III lllS COultS
TO have the firm declared insolvent was not,
however until after the board closed. There
was good business in corn, though 1t was
mostly of local character The feeling was
unsettled, but on the whole prices averaged
higher good share of the demand was
from parties who have sold freely in the East
for this months delivery. Crop reports were
again very favorable to-day. as the weather
is hot and showery all over the West. Home
markets were all up and local receipts were
lighter than expected. July opened at 54l2
@54$c, against 54S4 as the last price
yesterday; but there was rather free
selling and a decline resulted to 54l2c
resulted, aided somewhat by the Dun
ham announcement. Then a better feel
ing succeeded, and prices advanced TO 555sc
reacted to 55Isc, strengthened, and closed at
55I2e. Oats opened 1sc lower at &c for July,
broke TO 36s4c, improved to 3734c in sympathy
with corn. broke again to 36l2c, but reacted,
and closed at 375sc. Provisions were active
ond strong most of the day, though the close
showed only slight advance as compared
with yesterday. Hogs were 5@0c higher,
and the strength in corn assisted to hold
prices up until toward the close. Mess pork
for September delivery opened at 5000,
against Sl062I2 as the closing figure yester-
day sold off to $40. SIZE, up to S10S2I2, weak
ened and closed at S10.67l2, lard and ribs
taking the same general course.
The leading futures ranged as follows: