The Saint Paul globe., 1900-05-16
JII.Y CLOSED 4 SHADE UNDER THE
PREVIOUS DAY, PUT WITH
STRONG TONB
REPORTS WERE ALL BEARISH
Despite This Fact the Market Did
Not Drift Into Anything Like
"a sIumD--Corn Was the
chief Sufferer.
REPORTS WERE ALL BEARISE

CHICAGO, May 15.-Cn firm cables, dty
weather in the Northwest and pOssiD y
100 much moisture Southwest wheat was
firm. though dun today, July closing d
shade under yesterday. corn closed weak,
July Pc down and oats steady, July !
shade lower. Provisions closed hrm and
slightly improved in prices.
Wheat opened easy, july 15c lower at
6GisUG6rc Rains in the SOuthWeSt were
the burden of reports which caused pear
iSh feeling then, as X was figured thdt
the rain would produce high rate CT
mortality among the crop damaging
Chinch bugs. While The reports were still
lppelmost in the minds of traders-and
they had plenty Of time to think today
july edged off TO Csc. Il did not get any
lower however one Kansas report said
that 100 much rain had fallen, Whereat
the market sUeaGied and traders reco--
lected that Liverpool cables We're also In
favor Of a better wheat price. Then re
ports from the Northwest began coming
ia, complaining that l0 rain had fallen
and ObjeCIing TO the Gather map, which
offered no relief. july accordingly b.
came more valuable IN The eyes OF the
spectators and advanced to 6612c. On the
bulge proht-taking formed the amuse-
MeGt OF some, ana sympathy with the
corn weakness had its effect, July easing
of. The close was iirm, July 4 shade IN
der yesterday at uGl4C.
Primary receipts were 35S 000 bU, COM
pared with S2fD50 bu last year. NIinneap-
Oils and Duluth reported 264 cars against
3gj last week, and @2S year ago. Local.
receipts were e. cals. one Of contract
grade. a 'dnGC port GicaranceS IN wheat
and -four were equal to 350,000.
Corn was the chief sufferer in price on
the board. The excellent growing
weather reported from nearly every see
ton of jhe belt was too much for the
market and at one time, july was one
cent under yesterdays closing figure,
while thc close showed only a slight
CoEeTN. Liverpool was decidedly lower,
which also had depressing effect Fol
lowing The opening the mar ct made
GirIe attempt to steady under the leader
u he uearUess of the planting season gave
rise 40 fears that farmers deliveries of old
corn would soon show marked increase.
Nebraska reports predicted that the
planting I'M thar state would be completed
this week The shipping demand was in
different. Local receipts We're $50 cars
and country offerings small. July sold
between "5sN36i4C, closing weak, %c un-
der yesterday at 56i2C.
Trade ia the oats pit was light but 4
gOod cash dem@n& ned the market firm
in spite Of the corn weakness. Two hun
dTed thousand bu cash oats were sold
here today. Receipts 274 cars, July sold
between -i@.H22c, closing a shade under
yester day at 2l7Sf22c.
Provisions were quiet but firm the
greater part Of The day, with some added
activity and strength near the end. Liver
pool was higher for log product, hog re.
ceipts were under the estimate and prices
al he yards firm. July pork sold between
$3.50 ana IL70 and closed &c higher at
$ll6,4~; July lard closed 712c higher at
$6:@1G9li2 and July ribs 2l5Q5c up at $665.
Estimates tOmOrI OW: Wheat, % cars: ::
corn. $50 cars; oats, 115 cars; hogs, q, 0C0
head.
The leading futures ranged as follows: