The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-06-16
MARKET SUMMARY.

CHICAGO. June 15.-Wheat started weak
today and continued so to the end of the ses-
sion, closing at a 11kc decline. The hot sun
which wilted the collars of the spectators
had the same effect on the price, the weather
being ideal for the new crop. Prices in the
other speculative markets suffered proportion
ately, corn declining Bc, oats 15@4c, and
provisions 2l2@121hc.
There was a scarcity of July wheat for a
few minutes at the commencement of trad
ing, but plenty of September. The first tran
sactions in July were at from 7012 to 703sc,
about yesterdays closing price and 7OAc a
few seconds later. September was for sale
at from e5lsc to Csc, and dropped quickly to
64%0647sC 1t was when September got down
to that price that pressure began to be felt
in July and, at the end of the first fifteen
minutes, July was down to 69$sc and Septem-
Der TO $3.50, the nearby futures having by
that time become the weaker of the two,
showing l1sc decline st the quotation last
given, compared with the price az the close
yesterday, while the loss in September at the
same time was 1c. There was nothing start
ling or unusual in the news from the out
side, but what leaning it had toward the
bear side Foreign markets were quoted
somewhat higher, but did not show the ad-
vance expected.
The weather throughout the West was hot
and forcing and favorable to crops for the
most part, the exception being that rain had
fallen n some 6ist whe~e the win err wheat
harvest is in progress. Receipts here were
II cars. Minneapolis and Duluth received
295, against GA the corresponding day of last
year. New York clearances of wheat and
-four equalled 100000 bu, 1885,, coo bu of which
was wheat. The making known CT those
heavy clearances caused a reaction of &c
per Blu. July recovered from $685. to $3.50;
but none of the other Atlantic ports added
anything worth mentioning to swell the total
OF the days exports and nothing else oc-
curing to revive the spirits of the bulls, the
price began to sag and July had got as
low as 69c by 1890 O'Clock. Bradstreets state
ment that the worlds visible had decreased
3e6S,0C0 bu had no appreciate effect upon
the price. During the last half hour there
was little revival Of the buying demand,
enough TO cause an advance in the price
OF July to $3.50, which was the price at the
close. .ey iio9
Corn was fairly steady. considering the
decline in wheat. The market was weak for
a while after the opening the perfect
weather and some short selling, but q good
demand sprang up at the decline, and the de-
cline was subsequently recovered not ali the
advance he'd, however. Receipts were
reported at 7S6 cars, considerably below
the estimate. July opened &c lower at 247sc
SOLD OH TO 24%s G25Ac, reacted to 25bc, and
closed at 25c. Oats were inactive and little
interest displayed, with the feeling weak
throughout, principally through sympathy with
wheat and corn. Elevator people were prom
lnent sellers Receipts amounted to 1888 cars.
July opened shade lower at 1SasG1S12c. and
declined to 1S1s@1SAc, closing at 1914 @1s3sc
Provisions were weak from the start, heavy
receipts of hogs West and perfect weather for
corn causing weak opening prices and liberal
selling by packers, forcing prices still further
down. Buying was scattered at the close.
July pork was Zoe lower at $7.5507. sly; July
lard, 212Q5c lower at $3721h, and July ribs
TIC lower at $40. ESTIMATE: Wheat. 10
cars; corn, 420 cars; oats 23O cars; hogs,
SO, eco head.
The leading futures ranged as 1oliows: