The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-06-22
July, Duluth ..............84 h 82h
July, New York ...........80 79N


CHICAGO June n-Connrmation Of the re,
ported settlement of the cash wheat pool
caused sharp rally near the finish IN the
wheat pit today. July closed with an az
vance of 2A92lsc, and September 1NG1asc.'
Corn left off 1sc lower and oats lost Ac In
provisions pork lost 15c, lard DC and ribs
There were several causes which combined
give wheat strength at the start The cables
were decidedly stronger. Liverpool prices
ranging from ~ to 21Ad higher, with the con-
tinental markets also doing better. Another
source for strength was found in the bad
news from France. where the crop was said
to have been seriously hurt by rust. Ac-
cording to authentic reports the yield there
will be 10 to 20 per cent less than anticipated.
Advices were also received from many sec
lions in Missouri, Kansas and Texas, where
the grain is ripe. reporting serious loss from
rains. and these, too HAD a good influence
early in the day.
Shorts covered freely. and there was some
general buying for the long account, under
which prices advanced sharply. The heavy
proft-tabing and short selling which followed
this led to sharp reaction, and September,
which started at ssh @6sasc fell off to 66&@
667sc, and July. which sold at the start at
l3Q7S13c, declined to 1kc. December lost
1Rc.
In the last half of the session the market
ton of the report that the deal to pool the
Peavy and Pillsbury wheat along with the
Letter holdings and to have Armour u, lie
it all had been consummated Together with
this came still further claims of crop damage
from St Louis. This bullish news brought
the shorts out in force, and the decline was
more than recovered.
The receipts were small and exports heavy.
Chicago got 16 carloads, Minneapolis and Du-
luth 60 cars against 2SS yesr ago. The At
lantic port c.earances of wheat and -four
were equal to $1,000 blu. The advance in
Paris amounted to 413c blu in June wheat
and 31sc for September and January. Liver
pool closed at the following net gains. July,
I'D; September, I'D, and December, Id
July wheat in Chicago opened 1A91hc
higher. at 73AQ73lac, declined to 11sc, rose
to 74Ac, then settled back to 74A@7412c at
the close.
September started sc up, at 6Sh@6Ssc;
sold down to 66aa Q667sc, firmed up to 691sc,
then declined to 69c bid the closing figure
After a strong opening in corn the market
became quite weak, due to profit-taking.
Later the loss was barely recovered on the
final rally in wheat. July opened NC higher,
at 32as@327sc; declined to 32Bc, then rose to
S2asc bid the dosing price.
Oats followed corn. July began at 24Ac
fell off TO 32&c, then fSmed up to 24c at the
close.
The appearance of two new cases of vel
low fever in Mississippi together with the
break in corn, depressed provisions July
pork opened 10c lower, Advanced to $9.771h,
then declined to 1855, the closing figure
July lard started 21ac down, at S5.77h, sold
up to $3.50, then weakened to $575 at the
close July ribs began sc off, at So 521h, and
sold eff TO S547l3 the resting quotation.
Estimated cars for tomorrow: Wheat 7:
corn, $50; oats, 165, and 10000 head of hogs
The leading futures ranged as follows: