The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-07-03
MARKET SUMMARY.

CHICAGO, July 1.-The longs and shorts in
wheat were cleaning up their trades today in
anticipation of the holidays, which begin to-
morrow and last till Tuesday. Wheat and
corn were both strong early in the session.
but lost most Of this force before the ses-
sion closed. Wheat closed Sole lower. oats
&c lower, corn 1sc higher, provisions ogT12c
lower.
In wheat there was little in the news cal
eulated to affect values There was gen.
eral disposition an-oze the shorts to even up
IN VI 49, me fact that there will be no ses-
sion OF the board until next Tuesday. This
demand constituted the principal business of
the day, and there was little outside of this
to give the market any strength. Liverpool
quotations came unchanged TO I'D higher at
the opening, and private cablegrams from
Paris estimated the French crop from SO,-
100000 to 100000 coo Blu short. Some dis
patches from Kansas said hot winds were
blowing which were cooking the corn in the
fields, and it was inferred that uncut wheat
would not escape injury from the same cause
These reports were disputed later. Northwest
ern dispatches made mention of rust in
wheat. Chicago received only cars; Mime
apolis and Duluth reported 263 cars What
little trading was doing was confined princi-
pally to September. First sales in that op-
ton We're made at yesterdays closing price,
e4&c. 1t held around that price for time
then lazily advanced TO 647sc. In the after
noon the market became weak without any
further information on the crops or general
outlook, and gradual decline took place
September brought 641k@64Ac shortly before
the close. st. Louis market was said to be
demoralized by heavy offerings of new wheat,
which had some effect in weakening this
market. Closing cables quoted Liverpool I'd
higher for futures and I'D lower for No l
northern spring. Stocks of wheat at Minneap-
ols and Duluth are expected to show a de-
crease for the week of $50, 0OG and the visible
a total decrease of 1,25O,O0O bu. September
was bringing 64AQ642sc at the close.
Corn the most active market in the
floor, which is not saying much. Reports
OF not winds in Kansas were the feature of
the day, and caused a general rush of shorts
10 cover curing the morning. An easier feel
ing prevailed later in. the day when wheat
uecIihed, and the advance was al lost Local
receipts, $50 cars. September opened nm
changed at 257sc, advanced to 26Hc and de-
cliped to 257sG26c. -,
Oats were fairly active with nrices kaa,-
ing within a narrow range. Some advance
followed a rather weak opening. due to the
covering and sympathy with the other grain
markets, but when wheat and corn moved
off oats followed. Exchange constituted the
greater part of the business. Local receipts
were 253 cars. September opened a sbade
lower at 11Ac, advanced to 177sc, and de-
cilned to 175sc, where it closed Provisions
were weak all day. An easy feeling pre-
vailed at the opening, as the result of the
decline at the yards. Cudahy and packers
IN general were active sellers, and the mar
kel soon became weak. AT the close Sep
tember pork was 102 lower at $40 Sep
TENDER lard lower 5@7kc. September ribs
lOE 1212c lower at $4.45G4.47Ik. Estimates:
wheat 10; corn, $50; oats, 300; hogs, "a 900
The leading futures ranged as follows: