The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-25
SUMMARY OF THE DAYS TRANSACTIONS IN THE Markets
EXCITEMENT IN WHEAT
MARKET is EXCEEDINGLY STRONG
MOST OF THE DAY
5ulIIsh News From st. Louis, Buying Or
ders From the Northwest and Lack Of
" Rains In the Latter Push Prices Up and
Keep Them There.

CHICAGO. juno 24-Considerable ex-
citement was witnessed In the wheat pit
today and prices were decidedly strong,
J ~ Closing nc higher and September up
Iss @1%c. Corn was 1sc higher, Septem-
Der corn 9sc higher and September oats
BQAc higher, while provisions ruled
weak the September products closing
from 121ac to 27Ac lower.
The general bullish sentiment among
wheat traders and the urgent demand for
July from shorts resulted in an exceeding
~ strong market the greater part Of the
day. Opening prices were easier on the
somewhat improved weather reports and
on disappointing. cables. July being Is q
nc lower at 78c to 7S@78@c, and Septem-
Der unchanged to Bc lower at 1880 to
15Ac. Bullish news from st. Louis, with
buying orders from the Southwest, and
the Northwest soon started prices in an
upward direction, and with a firm close
in the foreign markets the sentiment here
became extremely bullish. July advancing
to soc and September to TIC. Rumors of a
squeeze in old July engineered by a St.
Louis concern caused considerable I'M
easiness to shorts, who covered freely,
factor was the situation in the Northwest,
where the crops are in need of rain After
reacting to 1870, July again advanced to
S0%c, and the close was at 1919, gain
OF 112c. September sold up to TIC late
In the session and closed 1%@1Ac higher
at 773s @77Ac.
Clearanees Of wheat and flour were
equal to $4,000 bushels. Primary receipts
were 27O,4O bushels, against 348,7 700 a
year ago. Minneapolis and Duluth re-
ported receipts of 126 cars, which, with
local receipts of 20 cars none of contract
grade, made total receipts for the three
points of LAG cars, against 268 cars last
week and 3O5 cars year ago.
Corn Absorbs Strength.
The bullish activity in wheat, together
With good demand from commission
houses and shorts caused strength in corn
after an easier opening due to the rather
bearish crop advices. There was little corn
on the market with the greater part Of the
offerings coming from longs who were
taking profits. After ranging between 50
and 51Ac, July closed 1sc higher at
0tAc September was 5sc higher at 50Ac,
after, selling between 1870 and 50%c.
Local receipts were 442 cars, with 81 OF
contract grade.
Oats opened quiet, with local traders in
! cllned to the selling side, but the strength
| in wheat soon brought out a good demand
from big commission houses and the
| market advanced. Predictions of general
rains We're considered as a rather unfa-
! vorable weather. The close was strong,
| with July &c higher at Also and Sep
selling between 331ac and 34H 0343sc. Lo-
cal receipts were 127 cars.
| Extremely heavy receipts Of hogs, with
declines Of from &c to zoe at the yards
| by the strong grain markets, and as a re-
| suit provisions ruled weak the entire day.
| The selling was quite general and the
| market was poorly supported The close
was weak, September pork being 271ac
lower at $16.42R. September lard was
! l2hc lower at $8.5712, with ribs off 171sc
| at So 95Q8. 971A.
; The estimated receipts for tomorrow
are: Wheat, Is cars; corn, AS cars; oats,
215 cars and 80, 900 head of hogs
Range of Quotations.
The leading futures ranged as follows: