The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-07-01
COMM ERCIAL.

big Drop I'm Cotton Folio wed by Sharp RE
cOvery--Liyerpool Unexpectedly Weak
Weather FaNOrable-Heavy Liuulda-
tiOn-ShOrt Covering and Bull support
on the Decline-Wheat Declines-NOrth-
western Rains-COrn Advances. Then
Reacts.
TUESDAY. June 3o.--GRAIN.- heat-Spot
was quiet. Sales 5000 bush. No. red. in
elevator. safe: No Northern Duluth, NC.
over July; No. / Northern New York. &c.
over Northwestern receipts were $50 cars,
against 32l last week and POS last year. Chi
cago, IS cars, against 4s last week and 81 year
ago Futures closed &c. to lAc lower. Sales
$500, 900 bush Prices as follows:
Open High, Loy- Cos Cos ,l LSst
f bsesmosr. III sis s.. SIS 81 81
Oats were fairly active Sales $4,000 bush. No
No. 2 Western soc c.. /, Z Buffalo: Car lots. Jersey
and State. 57,ac. to 59,4c nominal track Corn
elevator 57s,c; No. :, white, 5Si4c" No. yellow,
5si3c, Futures closed lsc to lac. lower. Sales
100 600 bush Prices as follows:
Open High Low. Clos Last
ss!y e IS s; *. +; f e. 'i e,
December 49,. 58Li 5634 56!i 5Cli 563
This shows the grain movement:
New York Wheat. Corn. oats. Rue. Barley.
Receipts S sssIs 9 lsI S SSS lI % S5 $3.50
Rec @Iaso $4,000 eosoOo $4,000 5000 $4,000
Shipments 5000 2l7,oOo 10000 .. 1000
RECEIPTS iL%9 -. $4,000 $4,000 $4,000 .... ....
Shipments Ill 900 $4,000 22i.O0O ...
Beneficial rains In the northwest and Manitoba
and fair weather In the Southwest and the Ohio
Valley caused pronounced decline In wheat to day
The outside markets were all weak. foreign houses
frpa sell n
Chicago there was heavy liquidation and bear
hGmmcring. At one time there was partial
rally on covering OF shorts, some unfavorable
crop reports from the Northwest and sympathy
with strong market for corn. after which prices
markets rose I'D to sd, but Paris fell TO 10 cen
times. and Budapest II kr.. while Berlin was
u mark higher to .. mark lower and antwerp was
was nne. The Kansas state report says the indi-
cations are for the largest yield In the history OF
year ago, II is said that the damage by the re ..N
floods in Missouri was largely exaggerated, Fw-
Their showers arc Indicated for TO night and 10 NOR
row In the Northwest. Private North Dakota
advces Insist mat me crop mas been damaged
geo dsG BY o he dTSSs6 s5I e
beaIsh on winter Primary receipts were s8s0o0
bushels, against 100000 last year, and the ship
bushels md clcrrcd l77.OOO
The Bradstrect statement was postponed Broom
halls weekly summary OF the foreign crop sltua-
United KingtomThe weather has been favor
hDlc most OIL lle Ilhsl Wtth, since our last
report the weather has been very favorable and
crops are doing well. there are stlll however some
complaints. Russa-Our Odessa agent cables
that continued rain, following the excessive rain
fall OF the preceding week Is spelling the good crop
prospects. Roumania-Our agent at Bralln tec
graphs that the weather has been fnc since yes
tcrday but the crop outlook Is only fair. harvest
Ing Is commencing, ltaly-An ofnclal report says
that the excessive rain the f,rst OF the month ad
versey Affected wheat: Span--h good crop Is
expected, Gernany-Thc weather during the past
week has been favorable and crops are progressing
well Hungary-FAvorahle weather has been eX-
perenced lately and wheat prospects are inprov-
Ing
Corn advanced early In the day on manipulation
West and brisk demand from the shorts. but
later on there was reaction on n withdrawal Of
support and liquidation together with more ur
less bcarlsh pressure, encouraged by favorable
weather and liberal receipts. The weekly Govern
mcnt report says that further improvement IN the
receipts were Sb.OOO bush, against coo last
year. and the shipments, a23 900 The Scaboard re
ccved 2.a.O0O bush, and clcarc' 50? WN oats
were nrmcr for time on covering and the strength
OF corn, but later they gave way on liquidation,
better crop reports and the reaction in corn. Pr
mcnts. 33S. 900.
FboUR.--Dul and easy, Sales. $500 bbls, Re
ccipts were 1850 bbls and 10 200 sacks Exports.
1914 tbls. and 6, 236 sacks Winter In hblS Super
fine, S2,d0Isc0 No extra, =? SAdSa M. clears.
ST. 9O@s3SO: straights, 50 65Wsa 10. patents. Ss05
straights. tsHOtsiS; patents, atS@sioS Rye
CoTToN Spot cotton hero declined 70 points.
Sales. 10 bales for spinning Mddllng uplards,
49, against orc last year; New Orleans and Gulf.
10 2bc,. against 0lao. Southern spot markets were