The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-21

CHICAGO. June 20-Wheat was weak
from start to finish today, and closed at
a decline of 12sc from yesterday. Llqu-
dation of long wheat was the feature
rains in Russia, and faNoraoie uoIIles'ic
conditions giving holders a severe attack
of ennui. Coarse grains were also weak,
corn closing lac lower and oats re lower.
Provisions closed unchanged to 112c
lower.
The opening in wheat was lively one,
and fer an hour the market was as weak
as even the most persistent bear could
desire. September opened at ti%Q"1 Sc
compared with yesterdays closing price
CT 7SAc Large quantities of long wheat
were offered both local and outside
traders dumping their holdings and when
the first lull in the liquidation occurred.
the price had been hammered down TO
Tic News was of such character as 10
discourage longs, who have been banking
on the Russian crop damage to offset the
prospects of a big domestic crop. Cen
eral rains were reported in Roumania and
rainfall was also reported from some
parts of the Russian drought districts,
with consequent Improvement IN crop
prospects in those countries. Liverpool
cables were weak and lower.
AT the start there was a disposition
among shorts to cover at the decline, but
the bearishness OF domestic advices Put
an end to even this support. Northwest
receipts were heavy. Minneapolis and
Duluth reported T20 cars, against GU last
= week and 81 a year ago. Chicago receipts
were 100 cars, IA of contract quality. Ag-
gregate receipts at primary western
points were S2i, 600 bushels compared With
125, 900 bushels & year ago. With the ex-
certion of Nebraska and Kansas, In
which states some hot winds were re-
ported the weather throughout the wheat
country was reported favorable. Shortly
before noon the market recovered trifle
in the absence of heavy selling pressure.
September advanced to 77ssc, but liquida-
ton was renewed after noon, and prices
got down to still lower level. Brad
streets showed an increase IN the visible
of !, 1888, Geo. compared with 1874 GOO de-
crease last year. New York reported
good export business, 100 leads taken for
export but the lack of cash demand here
nullified any effect this might have had.
During the last half hour, there was in
creased selling by disgusted longs, Sep
TENDER gradually declining to 767sc under
this pressure. That was the price at the
close.
Corn was fairly active and weak. The
weakness was partly with wheat, but
local Influences were also present. Re
ceipts were heavy JOB cars; cables were
lower and weather was favorable. The
shipping demand was poor and cash
I1iiuIeIS SOtO freely. AOJllTGCC STOCKS nc-
creased 39S, 600 September ranged from
%4i@@S55sc to 3i7$@25c, and closed &c lower
al 345sc
There was fair trade in oats The
market felt the weakness of wheat and
corn, and prices ruled lower all day, clos
ing at the bottom. Fine weather and lib
eral receipts, ACC cars We're factors.
There was a good cash demand, $4,000
blu being taken for shipment. Septem-
Der ranged from 21$lc 10 22T921kc f,nd
closed &c lower at 21s4c. v~...g
Provisions considering the weakness in
grain, were fairly steady, and specially
during the morning, when heavy meat
shipments and higher hog prices caused
good buying. Later the market yielded
little with grain, but the close was
steady. September pork TIC lower at
$S421a; September lard unchanged at
So 15@5.1713; September ribs 212 lower at
$4S5.
Estimated receipts for Wednesday,:
35, OOO
The leading futures ranged as follows:
II i.-I,