The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-19
CORN is STILL LEADER
PRICES CONTINUE TO SOAR, THOUGH
SOME GAINS DISAPPEAR
Very Large Volume of Business, Offer
ings Being Readily Acknowledgements
nent and Weather in ConfIict-Wheat
and Corn Also Higher

CHICAGO, June 1S.-The corn pit
was again the center of interest on the
board today and prices showed good ad-
Vances, July closing 15c higher and Sep
TENDER y @Bc higher. September wheat
was up sc and oats shade better while
provisions were unchanged to 715@10c
Trading in wheat was fairly active and
the market was strong the entire ses-
SIGN. Opening prices were steady, with
cables. July being shade to &c higher
at 76Ac to 76A @767sc, and September a
shade lower to d shade higher at 74B@
74Ac. A rather easy feeling prevailed
shortly after the opening, due to free
selling by commission houses. the favor
able weather being the chief factor. I'm
der this influence, July sold off to 76Ac
and September to 74c, but the weakness
bringing about rally. Bullish crop re-
ports from the Southwest and Northwest
as Well as bad reports from France aided
the upturn and the market became strong
July advancing to 77&c and September
to 754sc. Liquidation was quite general
the last hour. and much of the advance
g q 1sc September was up 5sc. at TAX @
74Bc. Clearances of wheat and flour
We're equal to 174,100 bushels. Primary
receipts were 29S, 600 bushels against
1884 400 bushels a year ago Minneapolis
and Duluth reported receipts of 238 cars,
which with local receipts of &c ears, none
OF contract grade, made total receipts for
the three points of 264 cars, against 205
cars last week and 274 cars a year ago.
Excitement in Corn.
The price of corn continued to soar and
advances of over cent were made in
both the July and September deliveries,
although much of the gain was lost be-
fore. the end of the session. The volume
of business was exceedingly large and
although there was heavy liquidation go
ing on. the greater part Of the time, the
offerings We're readily absorbed and not
until within the last hour did the price
show any weakening. Sentiment alone
was responsible for the continuance of the
bull demonstration as the weather condi-
tons We're most favorable with prospects
or continuation OF the same. Country
offerings were small and the cash demand
good. After selling between 5014 @51R,
July closed 15c higher. at 50Bc. Sep
ieinoef closed with gain OF AQBc at
503sc, after ranging between 491ac and
50Hc. Local receipts were 4S5 cars, with
29 of contract grade
The excitement in corn overshadowed
all other features in oats and caused a
strong market throughout the day. Trad
ing was active and general with shorts
covering freely on the upturn. The mar
ket weakened late in the day on liquida-
ton BROUGHT out by the realizing in corn
and wheat, but July closed 1s@Ac higher
at 39Ac, after selling between 39ssc and
4O1ac.5 September was a shade higher at
37sc, after ranging between $3.50 and
343sc. Local receipts were 40 cars.
There was little disposition to trade
one way or the other in provisions and
prices showed no fluctuations of conse-
quence. The early market was easier on
selling of lard by brokers, but prices
frTned up later on the strength in grains
September pork closed IL @10c higher,
at S16.95. September lard was unchanged
at sS.971k, and ribs up 21sc at 50 80
The estimated receipts for tomorrow
are: Wheat, 80 cars; corn, $50 cars; oats,
ITO cars, and $4,000 head of hogs.
Range of Quotations.
The leading futures ranged as follows: