The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-06-07
EIGHTH OVER PREVIOUS
DAY ..-.~-
NORTHWEST DAMAGE FACTOR
Report From Dakota stntcd That
Two Weeks More, Dry Weather
Would Re DisnstrOus-COrn
Was Checked.

CHICAGO. June G.-Wheat was act We
today and strong, because of anxiety over
the Northwest crop situation and a reduc-
ton in the Ohio crop figures. July cl s.
ing 1Tl1sc over yesterday. Corn closed
1Sc lower. and oats a shade higher. Pro
visions thrived under Il good outside de-
mand. and closed strong, shade to l2i2
Yesterday the wheat pit was half de-
serted. today Il was crowded. and every
man in it was busy. The Ohio crop re-
port started the advance 1t put the con-
dition at %. 80 points under the govern
ment report for May. and the lowest since
1866. Only ten counties reported ii proba-
bility of raising even half crop These
figures looked TO traders like a practical,
wipng out of the Ohio crop which last
year was 40,G0o000 bushels. In the pit
it was predicted that the Indiana crop
was in even worse shape than in the 5 )
ter state. The Daily Trade Bulletin re-
duced its figures on the estimated winter
wheat yield from 374 100000 buShels s. to 34l.
0O0.000 bushels. July wheat opened shade
higher at 6706712c, and advanced early 10
675sM67Ac. around which figures tine mar
ket hung for some time, ...
Then the Northwest damage Gains be-
gan to show their effect There were no
good rains the wires reported. ana from
all sections came claims OF injury 70 the
crop. One Dakota letter declared that
two weeks more of the present weather
would spoil the crop and that under the
most favorable circums tances the DakotaS
could ra.Se only fair supply. The dam
ages claims were given an appearance Of
sincerity by the buying orders which ac-
cOmpanied them. The Southwest h bee1
a good buyer early, but the Northwest
soon took the lead. and held it to the end.
During the latter half OF the session July
advanced to 6Sisc. and closed strong At
1G11sc over yesterday at 6S1sc.
The cash trade was slow. Primary e
ceipts were $4,000 bushels. C compared
with 500, 600 bushels last year. Mnneap-
Oils and Duluth reported 331 ears aga rst
$50 year ago. Local receipts. 81 cars,
l contract Cleararces from the seaboard
eaualcd 2l5.C00 bushels. New York report
ed 120 loads taken for export. ,.f-.
The marketing OF long stuff kent the
corn market from advancing inssympathy
with the wheat buoyancy Country ofter-
ingS We're freer and great confidence WAS
felt in the quantity and quality of the
forthcoming crop. There was a good cash
inquiry. but the shipping business was
curtailed by higher lake, rates. The wheat
strength hoiSted the market uD during
the session but after noon the pressu e
! of long corn forced Ii back again. and the
| close was rather easy. July sold, between
! 3S14m323sc and 3S3sGI3sa4C, c'oSing rs llN-
| er at 3S2kc. Local receipts were: 345 cas-.
| The oats market was uuiet the greater
| part of the day. but held firm in sNmca-
! thy with wheat. There was a far gen
eral trade. with shorts and shippers tbs
best buyers. There was good cash de
mand. but higher lake rates, made shin
| ping business a little difficult. July solc
between 2l$sG21Ac. and ,e'osed-a SHADE i'm
| proved at 211z@2l3sc. Receipts here were
| 2i2 cars. >9-e a,
Provisions were strong and fairly &C
| tive. The strength was in sDite Of la"TC
| hog receipts and lower prices at TIL
! yards. The wheat strength, was Il hep
! but the real strength of the market laI
! in broadening of the demand and better
! support from locals. July pork sold be.
! tween 81. 25@1L271a and N1.5212. and clos
! ed 12%6i5c IMPROVED At S6.714, and july
ribs between $685. and S. G2ie. wi h tht
close SC better at Sc 10lt672i2
Estimated receipts tomorrow: Wheat
! d cars; corn, 295 cars: oats. Is
! c. "..e 81 0Gl head. 80
The leading futures ranged as follows: