The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-06-08
WHEAT BROKE EARLY.
July Closed With a Loss OF Two
Cents, With September
Close Up.
WHEAT SUMMARY.

sharp break in the Liverpool marke. and
excellent crop conditions caused depress,o on
in wheat today. July closed with a loss sof
&c and September .h93sc Corn eain:d &c
Oats lost &c. Pork left off 15c lower. Lard
and ribs are down &c and 21ac respectively.
The Liverpool market, which has bscn stea >
lily declining for several days, was especial
demoralized today and reported a drop equal
to SIC per bushel in July and AZ: in Sep
TENDER. with the continental markets also
lower. The crop outlook continued ali that
could be desired with the grain in la:gs
areas ready for the reaper. The Kansas
1os-the highest ever reported at this season
OF the year. The report set at rest the
rumor about chinch bugs and rust. AS a re-
suit longs quickly began to liquidate. There
orders and on exhausted margins Undar the
pressure the market went off rapidly. The
fact that many shorts were disposed to take
advantage of the break to secure prof s. TIL
class of buying was sufficient in volume to
cause temporary reaction.
Chicago received 40 cars against Is a year
ago; Minneapolis and Duluth, 26 cars
compared with PIP the year before. The At
amounting in wheat and flour to about LOO
600 bushels. The figures gave the discouraged
bulls heart enough to take on some VIII at
and caused many shorts to get out and be in
position to contemplate the situation phil
osopohically for while. The total stock In
the the worlds visible visible. as compiled by Chicago
Oduy lTduc DuIeIlu anu LiV0TpOOl corn LTdQo
news, is 109000,O0O bushels, against 107.0 600
bushels year ago. While the crowd was
battling over the small domestic receipts on
the one hand and the bearish figures connect
ed with the worlds stocks on the other,
heavy thunder storm broke over the board of
trade building that settled the fight. The
shorts rushed to get their wheat in out of
the wet and the market bacame quite strong.
July opened 2A@2Ac lower at S51a@S6c; sold
up to seize. down to S51kc, up again to S7Ac,
then fell off to 1914 at the close. Septembsr
started 1@1Ac down at 74A@75c, advanced to
75B@!5!sc. down to Toe, rose to 76A@7Ssc
After a weak opening corn became strong
on unfavorable crop news from Kan as
There was export demand, however. This
together with the decline in wheat, caused
a decline in prices near the close. July be-
gan as@kc lower at 31A@31ssc sold up to
Size. declined to 31Ac, advanced to 32lAD
32Ac, then fell off at the close to 31% 631Mc
Selling orders predominated in oats at the
opening. Later. however. buyers took hold
gain of Nc over yesterdays close was made
slight reaction took place at the close July
opened ss@7sc lower at 221a@23c, sold up to
231s, down to 221s, up to 23Ac, then reacted
to 23c at the close.
Heavy grain markets and lower prices for
live hogs weakened provisions. One or two
heavy selling orders were on the market but
on the decline on prices there was plenty of
buyers. July pork opened 1714@25c lower at
| to $10.10 and rose to 5000 at the. close The
range Of values in lard and ribs were in
consequential.
Estimated receipts for tomorrow: Wheat 40
| cars: corn. $50; oats. 100: hogs, 30 900 head
rhe leading futures ranged as follows: