The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-06-17
ANOTHER BIG ADVANCE SHOWN
PEE.

CHICAGO, June ia heavy trade and
a big general wheat market today pore
testimony to the growing interest In the
calamity which, it was believed, mad pc
fallen a previously prom sing crop. July
closed lBM1Ac over yesterday: Corn clos
ed 1ac and oats &c improved. July pork
closed 2o0Gz734c; July lard, l712c, and July
ribs 15c higher.
The wheat market today was broad and
excited. The increased outside interest
was especially noticeable, although most
OF the time the trade was altogether 100
large to follow in detail In a genela al
way it was a market made by an army
of buyers on one side and a numerous
contingent of longs out after profits. The
buyers were the more numerous, as well
as The more eager, and strong advance
was the result July opened 3sc to lc
higher at 75c to 745sc, and shortly after
ward sold at Toe. Liverpool was l14d nigh
er, an evidence that the English are at
last beginning to appreciate something
of the reported blight in the Northwest.
South Dakota and Southern Minnesota
had some rain, but it were not gen
eral. From the South there were more
complaints of the heavy rams. This was
the lineup of bullish news which was of
influence throughout the day.
During the whole session the wires were
hot with reports very gloomy over the
outlook in the Northwest. July following
the opening was crushed back to losc by
the liquidation of longs. A rally ensued.
The long staff was well taken, and on
tinued undated. July advanced sharply
to 7566c, the highest price of the recent
bulge, and held nearly all of the ad-
vance Over 75c there was heavy selling
by longs, but 50 we'll were their offerings
taken that July reacted only 3s@1ac, and
closed buoydnt, 11s@1Ac over yesterday at
75sM75Ac.
Generally advices from the spring wheat
authorities show that the failure this
season would prove the worst The North
west has ever known. France, 1t Vas
said, would have to import 3O,000,GO0 bu to
make up her shortage. Compla nts of ex-
ceSSiVe rains were received from Southern
Illinois, Kentucky and Tennessee. Clear
ances in wheat and flour were equal to
697, 600 Blu. Primary receipts aggregated
627, 600 blu, compared with 600 bu last
year. Minneapolis and Duluth reported
451 cars, against 470 last week and 397
year ago. Local receipts were II cars
one of contract grade.
Corn was firm, in sympathy with wheat,
but trade was not particularly active,
there being a number of assertions from
that pit to wheat, Country acceptances
Of last nights bids were small, which
was also help. The Argentine corn sur
plus available for export was put at r.
000,000 bu, a condition to which the bulls
called attention. Local receipts were 6S1
cars. July sold between $50 and 1880,
closing Zee up at 1890.
Oats followed wheat and corn. Shorts
were good buyers of both July and Sep
TENDER, while the best selling came from
profit-takers. The Northwest took profits
literally on their September stuff around
22%c. September opened at 2215@23c, clos
ing Ac over yesterday at 23c. Receipts
2S6 cars.
The provisions market was fairly ac-
tive and strong The strength was be-
cause of light hog receipts, higher prices
at the yards and to a degree on the
grain strength. July option closed: Pork
25@2712c over yesterday al $1150: lard,
171Ac up at $50; r BIS, 15c higher at $3.50
Estimates: Wheat, 50 cars; corn, TAO
cars; oats, 300 cars; hogs, 5000 head
The leading futures ranged as follows: