The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-06-28
CESSATION OF LIQUIDATION WAS
PRINCIPAL CAUSE OF THE
RENEWED STRENGTH
FEELING EARLY WAS WEAKER
Exports From Liverpool Were of
Bearish TenOr-Market Later Re
sumed It's Former Buoy
ancy and Advanced.

CHICAGO, June 27-Wheat was active
and firm, closing l3sc over yesterday. The
recovery was due principally TO a c5ssa-
ton of liquidation. \ big cash business
helped corn futures, July finishing the
session 1850 improved. Oats closed d
shade higher and provisions strong; july
pork, 52i-c: July lard, Z2l2 and july ribs.
Z2ieC better
The liquidation which set in Monday
had not quite spent itself last night, and
some f2g ends of il tumbled into the
wheat rit AZ the beginning Of business to-
day. This. with some decline IL Liver
pool cables, caused eaSinesS early. July
opened unchanged to 1iC up at S20S2tvc,
and quickly sold off To Sl1sc AZ tEis
point the liquidation took the form Of
scattered selling. The demand was eX-
ccIlent from the Northwest and the sea-
board and sold-out bulls We're also acu,
i've in replenishing their stocks. The re-
maInder of the session consequently was
strong. Compared with recent seSs-Ul
trade was quiet. The rally was gTSlual,
and the best price was not reached till
afternoon. when July perched at Sfi2c.
The bulge brought out prOIlt-Seeking
stuff, and dip to S33sc followed, but the
market quickly recovered to S3Ac, and
closed firm, July l5sc over yesterday at
$3.50. August wheat sold between S21sc
and e3ssc, closing l9sc up at Sl7sc. Liver
turned strong, and was in this way OF
some influence in the recovery here.
The crop situation was not materially
changed, according to private messages.
There were light rains in the Northwcs.
They were factor in the dip from S412
to o5lsc, but the recovery which followed
this showed the prevalence of the Opin-
ion that the Northwest crop is pracu-
Cally beyond hope.
New York reported 10 loads taken for
export and there was some export in
qUiry here. Clearances at the seabOare
in wheat and flour We're equal to 800 $50
bu. Primary receipts were 10000 bu
compared with $4,000 Blu last year. Min
neapolis and Duluth reported pa cars,
n 90
Receipts mere We're 80 cars, Of contract
grade.
Corn did not share in the early weak
ness of wheat. but readily responded to
its later strength. The lear of possible
damage to growing corn from excessive
heat, or some other cause, was aSgravat-
e by reports Of extremely high tempera-
lures in parts Of Kansas, Oklahoma and
Missouri. The loss of the hay crop in he
Northwest and an excellent shipping de-
Uand was likewise strong bull factors.
Receipts here We're 5l9 cars. Country ac-
ceptances We're light, and Liverpool was
strong. July sold between 4l$sd4112c and
1850, closing l2sc up at 42&ic.
Oats We're strong, opening at a decline,
but recovering it. Trade was rather
quiet, and the other grains were the
chief Influences. July slid between csc
and z5ssc, closing a shade over yester-
day at 255sc. Receipts were go caIs.
Provisions We're strong and tai. ~ act,
i've, helped some by the grain strength
but chiefly by good outside demand. July
pork sold between $12.40 and Sl2.S4 and
closed SIC over yesterday at ST. 81: July
lard between $3.50 and $7.G2t2, closing ESsc
better at Sl.G2iz, and July ribs between
$l.05 and 20 with the close 2312c i'm
proved at $50. Trade is gradually shift
ing TO the September delivery, ana in
these options pork closed soc higher at
Sl3.UZi2; lard 2lc better al S1.1I12, and ribs
zyc up at 5T.27L 1880
Estimates tomorrow: Wheat, los cars;
corn, $50 cars; oats. $50 cars; hogs, 5000
The leading futures ranged as follows: