The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-01
WEATHER CONDITIONS PRINCIPAL
CAUSE OF AN ADVANCE OF
Use IN july
CORN IS ONE-EIGHTE HIGHER
Oats Went OF an Eighth an an
Active Market, and Provisions
Lost From n Shade
to &C.
Closing.

CHICAGO, May 31-The weather con-
stituted the most potent factor in to-
days wheat market, July closing bc
higher. July corn closed sc higher. July
oats sc lower, and provisions from
shade to &c lower. .....--
Firm cables and reports of bad wether
conditions in. the West gave the wheat
market a strong tone. and the July de-
livery opened HQ3sc improved at 74Ac
to 7412G747sc. These figures tempted a
considerable number of sellers, chiefly OF
the professional class, and there was an
early decline to 743sc, where the market
steadied and fluctuated narrowly till the
middle of the session, when active cover
ing by shorts caused a reaction, which
prevailed until the high price of the day,
747sc. was. recorded. This acute advance
was induced largely by new reports Of
damage by Hessian fly, and further sto-
ries of drought in sections where rain is
badly needed. Later authentic adVices
are that while some damage had been
suffered. it was not widespread and as
a result there was a big increase IN the
offerings, and the market declined TO
1850 After this period of profit-taking
another rally helped the price, ana the
close was firm and Bc higher at I412Q
745sc The volume of trade was large,
Argentine shipments for the week were
Ga 600 blu. against sos 600 the week before,
and 706OO0 a year ago. Clearances at
the seaboard of wheat and flour were
equal to $50 900 bu; primary receipts
were SIS O00 blu. Minneapolis ana DuluIn
reported $50 cars, against 1888 last week
and ia a year ago. Three loads Of wheat
were taken for export. Local recelpIs
were Ga cars. one Of contract grade.
Corn was firm, though trade was lfght
and receiDts were moderately generous,
drv weather eXerting a ball influence
July corn opened at 442sc to 4413c, beneht-
ing by the strength in wheat. A Iar
outside demand developed and the price
improved early to 443sc, where II stea6-
led Later the export demandA which
was of moderate degree. INDUCED LUZ
tbeY. advance to 445sG443zc, where at
neriod of liquidation was 1nauSuraLeu,
and a reaction to 44$sc followed ne
close was steady, July 1sc higher at 4412c'
-Four loads were reported taken Tot exc exc
port. Local receipts were 5S4 cars 1zo
u A civ " was a feature of the, oats
r,arIIet commission houses fguringHon
hotb sides. July opened 1s@Ac higher
e+ 9es!c to 2S5s62SS4c, sold between ZSt4C
and 2S&lc and closed 1sc lover at ze7sW
90 Local receipts Were SCI cars.
75radino in the speculative branch OF
the provision business was on d sIIid az
6oSis with a small decline IN prices Oh
leading commodities as the net result
Hog prices were lower, despite snlal5 re-
ceipts yesterday. July PORK oP &T1 7oit
al 70. selling between $l4. 20 ana SAFE,
and closing PIC lower at $l465. July
iard onened unchanged at $50; sofd pc
tween IS Is and SS.212, ana cloSSu ~
lower at IS. Is. July ribs opened unGh 10 ~
od at s7 % sold betWe On ST STE ana 81 ~
"a 'I closed ? shade lower at $7.S712q7 80.
The estimated receipts for tomorrow
ara. Wheat 80 cas- corn, LUoo CARS
0ats zoo cars. and 1900 head Of hogs.
The leading futures RANGED as 1olloMs: