The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-23

CHICAGO. June PAN exceptionally
heavy demand gave strength to wheat
TODAY and resulted in an advance IN thae
market of A@7sc, over yesterday MAJ
price. Corn and oats were hrm' par.y
on account of reduced grain rates, CLOS
ing AG$sc higher respectively. PROVISIONS
were heavy and declined PACIFIC.
The opening in wheat, although quiet
IN a marked degree, was characterized ny
a good deal of strength, September start
ing at 7614@769sc, against yesterday S CLOS
ing price of 766761sc. The most notaoIe
feature of the early news was the MD
day advance at Liverpool, 1:SO p. m
cables showing a gain of Sc
Considering yesterdays decline mere
this action was unlocked for, starving
buying by local traders sufficient to ap-
sorb the selling by scalpers and from
the outside following the announcement
of another day of heavy receipts at prl-
mary points Minneapolis and Duluth re-
norted arrivals of $50 cars, compared with
$50 last week, and siXty-tWo year ago:
Chicago receipts were ITO cars, SIX VI
contract quality. There were gooo many
foreign buying orders executed around
the opening. Trading in thepit, however,
was very dull and influential support did
NOT materialize until later in the day,
when the strong cash situation became
more apparent. Rains In France Where
harvesting is in progress were reported,
and Russian adVices were to the eHect
that the rains in that country came TOO
late to be of material benefit. Total re-
ceipts at primary points amounted to 94Z'-
600 bushels, against $1,000 last year. At
lantic port clearances of wheat and flour
were $40 600. September touched 1850 I'M
mediately after the opening, then slowly
advanced to 761ac.
Afternoon the market became much
stronger and more active, all classes Oh
BUYERS coming into the market, tnf1uenc-
ed by the enormous cash and export
-~-.-sS reported. Baltimore reported
twenty-three boat loads, and New York
reported a total of 1872 loads, including
fifty-tWo at outports, which probably IN
Guided the bulk of the Chicago business.
But that the figures here were larger
than for many weeks, crop damage re-
ports from Michigan, Kansas and Ne
braska also filtered in during the after
noon, adding their influence toward the
strengthening of the market. September
advanced to TIC shortly before the close,
and 1910 was bid as the closing bell rang.
Corn though not especially active, was
firm in spite of large receipts, 1876 cars,
and favorable weather. Export and cash
demand, dull Of late was large today,
New York reporting 40 loads taken for
export, sales here being put at nearly
Lou
the announced cut in grain rates to the
seaboard. September ranged from 343sc to
347s@35c, and closed A@3sc, at 344c.
Oats were strong, the Influence being
much the same as in corn. The cash de-
mand was good and receipts moderate.
1S3 cars. Shorts covered to a considerable
extent. The reduction in grain rates was
a big factor in the strength. September
ranged from 21$4d22Ac and closed 13c
higher, at 221S@224c.
Provisions were heavy all day. Hog re-
ceipts were large and selling was general,
though not on a large scale. At the close
September pork was 71Ac lower, at $3.50;
September lard PIC lower, at $5.121A, and
September ribs &c lower, at $4S21kGD4 SIS.
Estimated receipts Friday: Wheat, $50
cars; corn, 1,020 cars; oats, 24O cars; hogs,
3S ,000 head.
The leading futures ranged as follows:
IO1na1n-L EIierh-l L