The Saint Paul globe., 1900-06-22
July WHEAT NAS EXCITED
CLOSE NERVOUS AND AT ONE AND
ONE-HALF CENTS OVER
YESTERDAY
NORTHWEST SITUATION SAME
Despite RenIIzing Sales on Large
Scale, Market Held Around Top
for Some Time--An EnOr-
nous Trade Done.
NORTHWEST SITUATION SAME

CHICAGO, June 21.-Wheat was again
excited today, rdIlying over &c, but losing
some of it on liquidation, closing nervous
l1zc over yesterday. Corn rallied with
wheat. but broke later and closed weak,
Ac lower. Oats were excited and closed
sc up. Provisions closed steady.
Wheat opened nerVously, July at S3c
TO S3Ac, and a rush of buying orders sent
the market in d few minutes to 8412c
This was the high mark for the day of
tie recent phenomenal rise
The gloomy situation in the Northwest
was practically unchanged. and hot, dry
winds were reported from North Dakota
Liverpool showed good response to the
rally here yesterday. The NorthWest
foreign interests and heavy local bull
interests were heavy buyers and despite
realizing sales on a large scale the mar
Ket held around the top for some time
The big advance at Minneapolis was also
an encouragement and the break there
was later in the day was largely the in
nuence which caused decline from the
top here
An enormous trade was around the best
figures Of the day, but shortly before noon
the demand showed signs of having been
satisfied and the pressure OF long wheat
made itself felt, July breaking to SIC.
The decline was checked at times, but al
together was about as rapid as had been
newed buying sent July up to S27sc AMI
shortly after the market closed, nervous
and lAc over yesterday S2$sc.
Atlantic port clearanceS in wheat and
flour were equal to 236 600 bu. Primary
receipts were $4,000 bu, compared with
a2.G01 bu the corresponding day last year
Minneapolis and Duluth reported 3l4 cars
against 43S last week and 533 a year ago.
| Ocal receipts We're l23 cars, 81 of con.
tract grade. The cash business was cur
tailed by the advance in futures. New
York reported SO loads taken for export
Corn was active and aroused by the
buli,sh enthusiasm in wheat at one time
showed liberal advance. Shorts did it,
being frightened at the strength OF the
d. ('GlIntTW
fcTings were liberal but perhaps not
more than could be expected in view OF
the advance in prices. The reaction in
wheat showed UP the real position Of the
corn market, however, for when wheat
broke from the top corn followed post
haste and closed at the bottom. July sold
between 403sc and 4gisc, closing 14c under
yesterday, at 40%c Receipts here were
CTS cars.
The oats market was active and very
much excited most Of the session Be
cause of the wheat strength and damage
claims from the Northwest the market
advanced &c, jumping up in 12c leaps.
The reaction in wheat, however, caused
a reaction, but the close was firm with
part of the advance saved fer the time
being, at least July opened at 24l2c to &c
and sold to 26C. On the bulge there was
declined TO 24AC and closed 7sc up, at
24t2C. Receipts here We're 2S4 cars.
The provisions market preserved its
dignity, its serene quietude and its indie
pendence despite the grain excitement.
The market opened firm in sympathy
with wheat. but quickly broke away from
the cereals saving grace and the result
was a decline which carried away nearly
all the opening advance. July pork sold
between $l1:55 and $l1:57, and closed 21&c
higher at $11.571a; July lard between Sc
and $6.G712, closing unchanged al $751;
and July ribs between $61I12@i6.S0, and
$500 with the close 212c UP at sc. Is.
Estimated receipts tomorrow Wheat
100 cars; corn, s. cars; oats, 245 cars;
hogs, $1,000 head.
The leading futures ranged as follows: