The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-29

CHICAGO, June 2S.-Domestic crop
damage reports became the dominant
factor in the wheat market today. Trade
was small. however, and the market lett
of only sc higher. Corn declined $50
&c under heavy receipts, oats advanced
:6c on bullish foreign advices, and provis-
ions advanced 219G5c, with the advance
in hogs.
Conditions at the opening in wheat
favored higher prices. Liverpool showed
a liberal response to yesterdays advance
here, opening 9s0%d higher, and main
tanning most of its advance. Continental
markets were also higher. A decidedly
bullish feature was the falling off in
Northwe st receipts, Minneapolis and Du-
luth reporting arrivals of 491 cars, COM
pared with 1lJ last week, and 81 a year
ago. Chicago receipts were 1o2 cars, 81 of
contract grade. This was in line with the
predictions made by the Northwest yes
terday, and Influenced the market enough
TO keep price on the up grade for about
half an hour after the opening. Then
the weakness at st. Louis, which was
thought to be due to expectations of
large receipts of new wheat in the near
future, and favorable weekly crop re-
ports started q moderate selling move
ment which carried prices considerably
below the opening point, and gave the
old familiar appearance of weakness to
things in general. September opened at
I412G142sc, compared with Yesterdays
closing price of 749sc. 1t advanced to
f49scQI4%.c, then gradually slid off until
14lsc had been reached. At this point the
market took another turn, and from that
time within about a half hour of the
close, the market though extremely quiet,
was strong.
ST. Louis weakness was said to be en-
tirely to local elevator difficulties and not
10 fear of heavy new wheat receipts
That removed one source of weakness.
The chief element of strength came from
the part of the country which has been
responsible for most of the weakness of
late, the West and Northwest Crop ad
vices from all sections of the spring
wheat country told of damage from rust
ana from wet weather followed by the
heat of last Sunday The Illinois state
report estimated that 81 per cent of the
crop was lost and the condition of the
rest only 50 per cent. The natural in
cllnatlon of the market to rally was en-
HANGED by these reports.
covering ny shorts and investment buy-
ing continued until September had adj
Nanced to 741s@75c when a REALIZING
movement set in which continued to the
close and which cut away a good part OF
CiIc duNahce, Aggregate primary re-
celpts were Sf2O0 bu, against SO, 600 bu a
year year ago Atlantic port exports vere
zoS'UVV bu. The seaboard reported thirty
loads taken for export today. Senternber
closed steady at 741kc
Corn was dull and heavy. The make.
started steady with wheat, but the lib-
eF3l receipts $40 cars, favora BILE crop con
cltlOhs and heavy estimated receints TO-
morrow started an amount of liouida+;o,,
that the market could not stand IN
uIloer'l Clearances were light and tha
eash demand poor. September rapead
rom 5454Q3I;sC, TO 345hc. and closed I'm
Ac, lower at 1850 |SVV
cats were exceptionally dull. but firm
srop bulletins reported damage from
drought in Eastern states. and foo INCH
i.i0'Sluse IN the West Foreign advice
ere also Gaiiish. There was some mi,
GeL.lhI from shorts. Receipts. c4S cars
oeptenber ranged from 212;o to 9i1I5e5o
ana T, c!os2d IS h'gher, at 21Aa21%c
rIoVlSlons though dull, were strono.
IIcS prices were higher and this with a.
S'rHnsth of wheat and the good sbtnnine
ceiii&no Kept prices firm and little high
eI. ir&dlng consisted mostly of obanr
eng eng from July to September. AT the c1oso
% SSet tnj5 ni pork was SAFE higher ~
&c 20; September larG Sc bipba. ~ -.
%''@Z12 and September ribs. 2b05c biaba a.
at S4.90Gi4 S5k -|-Vt'V hlsher.
,oi stlhated receipts Thursday. 1vhao+
$4,000 V' o"ts' E'o and hogs,
-He !eadIng futures ranged as folIou,s.