The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-06-28

CHICAGO, June 27-Prospects of relief
from the heavy burden of wheat at West
EN- points and an increased cash demand
TUNED a weak market into compare
lively firm one today and resulted in an
advance late in the session of AQ9sc over
yesterdays close. Corn and cats were
firm, corn closing Sc and oats 1Sc higher.
Provisions advanced 2nQ5c.
The action of wheat at the opening and
for a short time after was anything but
encouraging to the bulls There was the
same story of weak English and CONT
mental markets and the same reports of
heavy receipts at primary points that
have caused wheat in the past week to
break SC The opening trading In Sep
TENDER was at 7S1aGI7S3sc, compared with
yesterdays closing price of 74Q11lSc. The
liquidation for a time was heavy, holders
of July options being especially prom
inent in the selling, and a further de-
cline to 1850 took place. This proved to
be the bottom, the stubbornness with
which the market resisted any further
pairing of the price gave the first ray Of
encouragement to the bulls. Buying
against puts stopped the decline and mod
crate covering by shorts resulted in
gradual advance to 1850.
Trading during the middle of the ses-
sion was very dull and price changes
were narrow. Before noon buying was
increased by advices from the North
west that the receipts at these big receiv-
ing points will probably show material
falling off next week, the prediction be-
ing made that they would average less
than 500 cars a day. The local cash de-
mand showed an Improvement, 10000
bushels being worked. Further improve
ment in the shipping demand was indi-
Gated by the fact that New York was
about 2&sc oven "a Chicago shipping diff
ference, and Minneapolis and Duluth re-
ceipts We're $50 cars, against t20 last year
and 81 a year ago. Chicago receipts
amounted to las, compared with 147 last
year. The seaboaIu reported 80 lGs,,.o
taken for export. The West and North
west reported too much ram. The mar
ket during the afternoon advanced to
axe, but received a temporary setback
from Bradstreet's figures on the visible,
putting the increase at 1888. co., This
caused renewed liquidation in a moderate
way, but offerings were we'll absorbed
and the market soon became steady
again. September was bringing 1880 at
the close.
Corn was quiet but firm, mainly on yes
terd&y's large cash business. The de-
mani today was rather slow and receipts
were large, 1,29S cars, but country Offer
ings were small September ranged from
3444@S43sc, and closed A@3sc higher at
1870, 343sc.
Oats were dull but steady There was
a good demand from the country and
from shorts, and this ultimately helped
prices. Cash demand was slow Receipts,
567 cars. September ranged from z11sc
to 2l%Q217sc, and closed &c higher at
A5sG2$4c.
Provisions were firm, largely on the
shipping business, ana prices ruled
trifie higher. The possibility of spread
of the stock yards strike was bull fac
tor today, driving some shorts to cover
Trade was d<ll throughout. At the close
September pork was SC higher at $s.3711aa,
September lard 211q5c higher at $5171k
ard September ribs 21aQ5c higher at
s4.S71h.
Estimated receipts Wednesday: Wheat
IL; corn, $50; oats, 2O9; hogs, 80 900 head.
The leading futures ranged as follows: