The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-06-18

CHICAGO. June l7.-Wheat, after fuctuat-
ing over range of 1c per blu, closed at
prices substantially unchanged from yester-
day. good seabOard clearances and cash bust
ness causing the market to recover from a
decline caused by the favorable weather.
Corn and cats were not SO fortunate. losing
L4c Of their previous values. Provisions de
velcped frmness and closed about loo higher
all around.
There was decided duliness n the wheat pit
almost throughout the session. The Liver
pool market appeared inclined to go its own
way. 1t opened l4d lower for July and Ad
higher for September, notwithstanding yes
terday's 14c decline here. Any influence this
might have had, however, was OVershadowed
by the domestic crop conditions and weather
reports. July opened at 6S1$c compared With
Yesterdays closing price Of 6S12c, and, in
the course Of an hour, had worked sluggishly
down to 677sc. Heavy rain fell in the neigh
borhood Of Chicago in the night, and very
generally eastward to the Atlantic. Rain
had been general also throughout the North
west, and therefore the previous good cOndi-
ton of the spring wheat was insured for at
least another ten days to come. In the
West and Southwest it had not rained, which
was Of course favorable for harvesting of
loads and &c OG0 bu were inspected out. Min
neapoiis and Duluth reported receipts of 2l9
cars, against POI last week, and SIS year
ago.
The first thing tc reassure the bulls and in
spire them with courage enough to hold onto
their wheat was when the days clearanceS
from Boston were found to be 230 600 bu.
The price commenced on that to recover,
but there was too little life in the trade,
and toe few anxious shorts, in view of the
favorable crop weather to give prices much
of a hoist. Later in the day, when the total
quantity cleared from the seaboard was equal
to $50 600 bu of which 432, 0G0 Blu was wheat,
the price had another slight improvement.
Later still 1875 600 blu cash wheat was marked
for immediate shipment, and that added a lit
tic more strength 10 the market. 1t was al
lowed to work its way up to 69c, without
starting any panic among the shorts. That
price showed a satisfactory profit to scalpers,
and the letting go of few lines caused a
reaction to 6SRc which was the price at the
close.
Corn attracted a fair amount of attention,
without any material change in price re-
sulting therefrom. The opening was easy on
the favorable weather reports. Some reaction
followed on good buying, but the belief that
another big crop was almost assured was
too strong to be overcome, and prices de-
ciined again under snort selling. A good
cash business was done. Receipts AIS cars.
July opened l4c lower at 24Bc, advanced to
2slkc and reacted TO 247sc, where it closed. In
oats shorts bought ea.Iy and created firm
feeling for a brief period, after a weak open
ing. Selling orders from the country were
on the market all day, however, and caused
an easy zone to prevail during the greater
part of the session. Business was inclined to
be dull and no special features were reported.
Receipts amounted to 2S3 cars. July opened
1k6Lc lower at 1SAc, with corn, declined to
ISGlS1sc. and closed at 1875 @1SHc. Provisions
opened easier on liberal receipts of hogs here
and at other packing points. good demand
smart recovery, closing the top OF
the advance Cudahy and other packers were
prominent in the buying. At the close July
pork was 10q1212c higher at $7.55@7 .5712
July lard 1Oc higher a $37212, and July
rib 1O@12l2c higher at $4.47h. Estimates
Wheat, cars; corn, 4S6; oats, 265; hogs, g.
coo head.
The leading futures ranged as follows: