The Saint Paul globe., 1900-06-30
ADVANCED DESPITE PROFIT-TA6-
ING AND STRONG BEAR INFLU-
ENCES WORKED
ONE AND sEVEN-EIGETHS UF
Trade Was Rather Quiet During the
Forenoon, but Later 1t Became
More Active and De-
cidedIy Strong.

CHICAGO, June 29.-Wheat was weak
early, but later on a better demand IoI
cash stuff, less pressure from longs and
reports Of damages to winter Wheal' as
well as further complaints from the
Northwest closed 13sc over yesterday.
July closed a shade lower and August
corn a shade higher Oats c.osed so &C
down and provisions unchanged to I12c
improved.
Wheat opened easy, August unchanged
to l4c lower a size to Sic. Liverpool was
weak, and the Argentine shipments heaVy,
2,552,0 00O bu. Liverpool recovered most Oh
Its early loss and this was rejected mere
for the moment, August rallying to Sl1sc.
Under moderate selling by commission
houses, decline TO S03sc followed. The
selling at this time was not heavy, rather
suggesting the end of the liquidation
which has sent the market down since
Monday, but on the other hand, there
was very little pressure from buyers.
Trade was rather quiet during the fore
noon, but later it became more active and
decidedly more strong. Having dIgested
news of bumper crops in Kansas, Ok a
hOma, Indian Territory and Missouri, the
bulls respectfully directed attention to the
light Northwest receipts fly damages in
Northern Illinois, Ohio and Indiana and
injuries from excessive rains in kentucky,
Tennessee, Southern Illinois and certain
portions of Missouri. Attention was also
directed to the IS per cent deterioration
shown in the Illinois crop report, which
put the winter wheat condition at CT.
They said nothing about the spring wheat
condition which the report makes 92. At
the decline the demand improved.
The cash demand was much livelier ard
Wall street interests appeared in, the
market as buyers. Another assistance to
the bulls was the announcement that a
concern controlling 70 elevators along the
Great Northern had concluded to leave
these warehouses closed because Of the
spring wheat disaster in the Northwest
August recovered all its early loss and
following UP its advantage climbed to
ar F1 hFr fDarn Hxrra. tha n
prOdt-taking, but the market closed
strong. August S34S91sc. July opened at
sec to 7924e sold between 7938@S17sc, clos
ing 17sc higher at S17sc.
New York reported y loads taken for
export. Clearances at the seaboard in
wheat and -four were equal to 10000 bu
Primary receipts were 4l5,o00 bu, COM
pared with GOO bu last year. Mime
apOlis and Duluth reported 1874 cars,
against 423 last week, and 302 a year ago.
Receipts here were 6S cars, none of which
graded contract.
Corn was rather quiet and inclined for
the lack of other incentive to follow
wheat The market opened lower and de-
cined early with the major market. Re-
~eipts were liberal, 500 cars the crop
situation was favorable country offerings
We're moderate and Liverpool was easy
There was considerable scattered liquida-
don and some short selling. The rally in
wheat sent shorts to cover and there was
a fair cash demand under which the mar
ket recovered. Changing July for August
formed a considerable part of the busi-
ness in the pit. August sod between 42A
N43l.c, and closed a shade up at 1890
SIC. July ranged between 421A0n%c
closing a shade under yesterday at 423sc.
Oats followed wheat and corn, off early
recovering later and closing at the top
Crop conditions were rot materially
changed. There was considerable heavy
commission house selling during the fore
part Of the session. but some of this was
Tebought later. The Northwest was a
buyer on the recovery. Receipts were 225
cars. August sod betweeen 2f24 4@25c, and
closed &c lower at 247sc. July between "a
247kc
Provisions were weak early and firm
Ia ter, presumably affected to a degree by
tne actions Of wheat. The changes In
the course Of the market might also be
cribed 10 he workings of two packing
Interests. One of. them was a heavy seller
early. This stopped later and another
~3cker was reported buying, and pro-
-isions obeyed the law Of supply of de-
91and SeptemSor option c,osed: Pork,
57lbc higher at Sl2 9715; lard unchanged at
10; ribs SC higher at 81. .2007. .221b.
Estimates tomorrow: Wheat lis; corn
. 90; oats, go; hogs. 21OG0
The leading futures ranged as follows: