The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-06-18
JULY OPTION AT CHICAGO CLOSED
A QUARTER OF A CENT UN-
DER SATURDAY
EARLY STRENGTH WAS LOST
Corn Also Went on n Quarter-Oats
I-SQI-4c NEUTRALITY-SUSPICIOUS.
Closed Lower, Extreme
Loss Reaching z Lie.
Closing.
SottrrH1-

CHICAGO, June 17.-Wheat developed
some weakness toward the end of today s
session, though as a Whole prices were
fairly steady, the July delivery closing
lac lower. July corn closed ne down;
July oats 1s@14c improved, and proyi-
sions were shade to 712c lower
Improved tone of the Liverpool cables,
coupled with a decrease in worlds ship
ments and quantity on passage gave the
wheat market good start today. July
opened unchanged to &c lower. On coy
eTiug by shorts who were moved TO dc-
ton Ey reports of big crop damage in
continental Europe, there was an carly
advance to iO1ac, at which trading was
mostly of d local nature, though there
was some buying for export. Disappo Mt
ment was felt by the bulls over the small
decrease III the visible and the long
wheat accumulated on the upturn was
put out, breaking the price to G5Ac. Pur-
chases by the elevator people caused
reaction to lOi4c, at which the market
closed &c lower and fairly e+eady The
visible supply decreased OIL ''- 90, 600 blu,
against l,630,GJ0 bu the week before, and
2Sl 600 bu q year ago. Worlds shipments
Of wheat and flour were equal to 3,l35, 600
blu, and the quantity on ocean passage
decreased 1l36,000 bu. -Four loads were
reported taken for export. Primary re-
cGipts were 900 bu, against $4,000 blu
year ago. Seaboard clearanCs5 of
WhCdt all flour were equal to 415,OA bu.
Minneapolis and Duluth reported $50 cars,
against 56l last week and 649 year ago.
Local receipts We're "A cars, of contract
grade.
The bull clement that caused the nota-
BILE appreciation in corn Saturday was
on hand at the beginning of business to-
day, and despite reports of q continue
ton OF excellent weather IN the corn
belt July opened firm, selling between
423sc and 43i2c, and closing steady, 14c
down, at 431sc. The early frmness was
OF brief duration. owing to selling orders
from the West and q ready acceptance
of bids sent out two days ago. a rally
toward the close was the result of the
exhaustion Of offerings and the return to
the buying side of the elevator people,
who ran the price up last week. Trading
was dull. Local receipts were 26l cars,
is of contract grade. Five loads We're
reported taken for export.
Oats We're more active than any other
market. There was big volume Of trade
early in the day, and the demand came
between 2llzc and 2Sl2C. and closed 80
&c improved, at 2S3sc. Local receipts
were l6i cars.
Provisions were dull and bare Of specu-
lative interest. The tone was easier on
larger run of hogs than expected, with
lower prices July pork sold between
Sl462% and SI+70, closing nc lower, at
$l46112. July lard ranged from $3.50 to
SS.52iAGGS.55 at which latter price it
closed a shade lower. July ribs sold be-
tween SS.Gjft&0Tl2 and $50, closing 2l2c
down, at SS02i2.
The estimated receipts for tomorrow
are: who at, 40 cars; corn, 255 cars; oats,
2l0 cars and 24,e00 head of hogs
The Leading futures ranged as follows:
fODen High I oyv Close