The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-06-27
BEAR INFOR NATION, FREELY DIS
SEMINATED, HAD IT'S
EFFECT
LIQUIDATION A STRONG FACTOR
Trading Was Active, Though Not
WiId-There Was No Change in
the Northwestern situation
Rear Advices Worked.

CHICAGO, June 26.-LiquidaHon by
longs and Il slackening OF the demand
caused a further reaction in wheat TO-
day, July closing &c under yesterday.
steady at Ss012c depressed. Pork at the
close was DC and lard TIC lower, Ribs a
shade higher
The wheat market might be likened to
a sober second thought" 1t was ac-
tive, but not wild. and traders in a more
le-sureiy manner readjusted to a degree
prices which broke loose and went soar
ing last week There was no change in
the Northwestern situation. The Dako-
taS and Minnesota renewed their pitiful
cries OF distress over the ruin of their
crops, but generally the cries fell upon
deaf ears. Upon the other hand and
1t was at this hand" traders looked the
most, was the Liverpool close 3Isd unoer
yesterday and the rOsiest kind OF reports
from the Southwest Texas Kansas, the
Indian Territory and Oklahoma, it was
declared, would raise 100.eO0,GjO blu more
than last year, an amount nearly If not
entirely sufficient to make up for the
shortage occasioned by the Northwest
failure. Harvesting in many sections is
according to authoritative advices. pro-
crossing faVorably IN many sections of
the Southwest and by next week should
be in full swing.
Local longs pressed heavily on the mar
ket at the opening. which was at S51l 0S3Ac
for July. The break stirred the North
west and selling orders from that section
poured IN early, sending July down to
S2zc, within an hour of the opening
Some of the important longs were not
sellers, but they were a small minority
for the crowd with big profits in view
was large. Later in the day, July re-
covered to $3.50, but it was not because
of any change il the crop situation
merely matter of a little less pressure
from longs for the moment. The bulge
was lost in short order and further prob
able decline was checked by the end
ing Of the SSssion. The close was at the
bottom, July 4c under yesterday, at sec
Seabord clearances equaled 321 900 bu
Receipts at primary points aggregated
oSSCO0 bu, compared with Col 900 biI A,Sr
year. Minneapolis and Duluth reported
1873 cars, against S1 last week and 73O
a year ago. Receipts here We're Is cars
none of contract grade New York re-
ported no loads for export There was
some cash nibbling. from the seasbord
here, but 1t did not amount to a demand
Corn broke early with wheat, but re-
covered later, and the end OF the session
found the market firm. Country offer
j lngs early were reported fair, which help
ed in the decline, but lated ceased. On
whole they were light. July sold be-
tween 403sGG411ac. Receipts here were
l.O39 Blu. Oats were comparatively quiet
The market broke early with wheat. but
steadied later in sympathy with corn and
fair commission house demand, lnclud-
ing some Northwest orders. Receipts 527
cars. July sold between 247sc and Sic,
closing 3slll2c down at iz0252sc
Provisions were steady in the face OF
lower hogs and the wheat break There
was demand for ribs from packers
who have recently been selling lard. and
opening decline OF 12l@c in pork July OPP