The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-05
GRAIN ASCENDS AGAIN
RENEWED STRENGTH COMES FROM
BULLlSH FLOOD NEWS
Trading In Wheat Very Active, the Vol
ume OF Business Being Laree-Strength
Lasts All Through the Session-Oats
and Corn Do Well Likewise.

CHICAGO, June 4.-Bullish flood news
caused renewed strength in the grain pits
To-Day July wheat closing NC higher.
with corn 1@1Bc higher and oats up %c.
PROVISIONS closed steady with the Sep
TENDER products unchanged to 5@7hc
lower.
Wheat was decidedly strong and trad
Ing was active. with a large volume of
business The market was strong through
out the entire session. opening prices be-
ing higher on steady cables. small receipts
and threatening weather. July was up Bc
to 0&sc at Use to 755s 075Nc, and after
selling at TAX @15c, shortly after the
opening, prices steadily advanced. The
exciting causes were the strength at st.
Louis and the extremely bulliSh char
acter of the Missouri crop report, which
showed loss of II per cent in the con-
Qltlon or the crop during the past month.
Damage reports from Kansas and Ne
Draska We're also in evidence and helped
IN creating. anxiety among shorts, while
the strength in corn was another bull
FACTOR. There was good general demand
all day with light offerings. st. Louis con-
dlnued to advance during the last hour
closing prices being near the top. After
gain of NC.
Clearances Of wheat and -four were
Were $4,000 bu. compared with 38S,00O
bu a year ago. Minneapolis and Duluth
reported receipts Of 179 cars, which, with
local receipts of 10 cars, none of contract
grade. made total receipts for the three
points of 1913 cars, against 166 cars last
week and 296 cars a year ago.
July Corn Bought Heavily.
Heavy buying Of July corn by prominent
commission houses and the generally bull
1Sh sentiment among local traders caused
an advance of over cent in that delivery,
While other months were also strong but
the demand was not so urgent for the
more distant futures. Strong cables and
the bullish crop reports were the chief
bull factors. The Missouri crop report
was extremely bullish and estimated that
40 per cent of the corn was not yet in
the ground. Conditions in Iowa. Kansas
and Nebraska were also reported bad and
under these influences shorts Were active
buyers throughout the day. Trading was
on on. large scale: After selling between
higher at ASH @48%c Local receipts
were 322 cars, with IA of contract grade.
The uncertainty of the crop prospects
and the strength in corn brought out a
big commission house demand. for oats
while shorts covered freely, resulting in
q strong market. Aside from the steady
demand and light t, offerings. the market
was featureless. The close was strong
with July &c higher at 35Ac, after selling
between 34Bc and sec. Local receipts
were III cars.
a decline in prices at the yards, caused
provisions to start weak and lower but
the strength in grains brought out buyers,
and the market turned strong. There was
good demand from packers as well as
fa1r commission house buying Realizing
toward the close caused a slight reaction.
September. pork closed 213c lower at
SIG. 85; September lard was unchanged at
$S.8712 and ribs were down 5@7hc at
1910.
! II The estimated receipts for tomorrow
15O cars; hogs, 900 head.
Range of Quotations.
The leading futures ranged as follows: