The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-06-19
WHEAT SUMMARY.

CHICAGO, June 18-Demoralization of the
foreign markets and the all prevailing feel
ing of gigantic crop here weakened wheat
today. July left off with a loss of sac and
September iMc lower. Corn closed NC higher
and oats unchanged. Pork closed &c lower,
lard 21ac down and ribs unchanged
/ The holders Of July wheat were thrown into
something of panic at the start by the news
from Liverpool, where spectators were said
to be demorialized. At one time the price of
July there was quoted S1Ac per blu below thu
price last night. For some days the feeling
in July here has been steadily growing weak
er and when the adverse news from Liverpool
was received the price of July fell off to
721ac. drop Of &c from the close last night
considerable portion of this decline was
recovered on general buying. September and
december showed fair degree OF strength
and sold somwhat better at the start, but
finally broke on the ,demoralized feeling in
July. September sold down to 67Mc, or 1Hc
below the closing yesterday, while December
declined to 6SMc.
The rally in July caused some Improvement
In these longer futures and they got addition
al help from the liberal buying by shorts,
who took advantage of the break to buy in
and secure profits and under these changed
conditions there was a good rally.
The continental markets were very weak,
and when the declines for. the day were an
nounced from Paris and Antwerp, the prices
here had another severe setback. While more
rain was reported In the Northwest the
weather In the South and Southwest, where
WhCot 10 Ill lis IlpculuS btdSS, Inc CONDITIONS
are all that could be desired. The declines at
Paris, which were Nc for June and SIC for
OBSERVATION-DISCLOSURES, Antwerp was down the
equivalent Of 5Ac for American red and 2%c
for California.
The reported prolongation of the period for
free importations OF wheat into Italy was con-
tradicted. The time will expire July l, as
originally intended.
Domestic receipts were very light, fifteen
cars at Chicago and ninety-three cars at Min
neapolis and Duluth. The weeks receipts st
the two latter were CTS cars. against 1,522
the corresponding week CT the year bef6i g.
The Atlantic port clearances were very small.
amounting in what and -four to 145.O0 bu.
July opened 1@21ac lower at 73Q741kc, sod
down to 721sc, advanced to 74s4c, declined to
72c, then 1rmed up to 72Ac bid at the clcsa
September started A@asc higher at 68A@
6811c, sold down to 67H. rose to 68Hc, then
weakened to SIC bid, the closing figure.
preston largely prevailing among influential
corn traders that the crop cannot turn out
well without most exceptionally favorable
weather from now till its maturity. Heavy
rains in the Western states during the last
"a hours tended to maintain the courage of
the bulls: July opened Ac higher at 321s@
S2Ac, sold up to 321a@32%c, then declined
to 32A@32%c. the closing figure.
Oats derived a f1rmer feeling in sympathy
with corn. July opened h@Ac higher at PAN
g24Ac. declined to 2Sa4@23%c and closed at
23Hc bid.
Influenced by the strength in corn, pro-
visions showed slight Improvement July
pork started 21sc higher at ss.e21a, sold up to
$9.671s, then declined to $9.55, the closing
price. The range in lard and ribs was un-
important.
Estimated receipts Monday: Wheat IS cars;
corn, 800 cars; oats, 100 cars: hogs % 900
Tho landing fufurae ranood os So,Inrr..