The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-17

CHICAGO, June 16.-Today's session IN
wheat was marked by the almost total
disappearance of yesterdays lnciplent
boom. September closing at decline
Foreign markets failure to follow chi
cago's advance was apparently the main
reason for a partial stampede OF the
bulls, coarse grains were fairly steady,
corn closing &c lower, and oats a shade
higher. Provisions were heavy and de-
clined 213Q7l1c.
Wheat showed a decided weakness at
the start, September opening at 7IsQ7Sc,
compared with yesterdays closing price
of 79l4c. Traders were evidently mucn
disappointed at the poor response OF Eu-
ropean markets to yesterdays advance
here. Liverpool, which showed Ad up
at the opening, showed only ed advance
at l p m.
The sluggishness of the foreign market
strengthened the suspicion, formed yes
terday, that European crop damage re-
ports were probably somewhat eXagger-
ated Domestic news, as rule, was fully
as bearish as the foreign. Northwest
receipts were liberal; Minneapolis and
Duluth reporting Cos cars, against $50
last week. and II year ago. Chicago
receipts were ia cars, two of contract
quality. There was no Improvement no.
ticed and it was evidenced that the ad-
vance was off. Realization on large
scale commenced shortly after the open
Ing with the exception of temporary in
tervalS kept up throughout the. entire
session. Many of yesterdays big buy
ers dumped their wheat back onto the
market the weakness being increased by
heavy pressure to sell wheat short.
About il o'clock there was a let-up in
the liquidation, but the September price,
under a good demand, rebounded to 7S24c
That was the high point of the day.
The demand was soon satisfied, and the
market liz the afternoon grew exception
ally heavy under persistent selling, Sep
TENDER getting down to 771kc. Total re-
ceipts, 79l, 900 blu, compared with $4,000 a
year ago. Atlantic port clearances
amounted to 100000 blu. A moderate eX-
port business was reported at the sea-
board. Argentine shipments were 762, 900
but, against az, 900 bu last year. Septem-
Der rallied to 772zc, and that price was
bid at the close.
Corn and wheat were firm at the same
time. Corn showed some sympathetic
weakness with wheat, but during most
of the session was slightly higher
Shows crop estimate of So per cent had
much to do with the strength. Receipts
liberal, $40 cars. Country offerings We're
increased and elevator people were SELL
eTS, but the demand at all times were
equal to the supply. September ranged
from Si3sQG424c to S51kc, and closed lsc
lower al 34%c. July showed no change
Oats were quite active and firm, but
rather weak for July. feature was
demand for futures against cash sales,
there being $4,000 bu cash oats reported
sold here. Improved weather conditions
counted against the prices. Receipts,
loo cars. September ranged from 215sc to
PC, closed shade higher at 217ac
Provisions were slow all DAY on lower
hog prices. Scalpers and shorts bought
moderately. At the close September pork
was 5@7izc lower at $50; September lard
sc lower at $5.15, and September ribs 21a
use lower at $4.S212.
Estimated receipts: Wheat, no cars;
corn, els cars; oats, 210 cars; hogs, $4,000.
The leading futures ranged as follows: