The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-03
GRAIN MARKETS ACTIVE
HIGHER PRICES RULE IN EVERY
ONE OF THE PITS
Floods and Storms Cause Big Trade and
Excitement in Wheat, 1t Being Purely
a Weather Market-Course Of Corn Is
Liveiier Still.

CHICAGO. June Grading was act
I've IN all markets today and higher pric-
es ruled. July wheat closing 1Bc high
er. corn rs @2Ac higher and oats up
&c, while provisions were strong, the
September products closing from TIE
to 3212c.
prices We're decidedly strong, the storms
and floods in the West and Southwest
ana the reported destruction of thou
sands OF acres of grain, together with
the advance at st. Louis and New york
Yesterday, being responsible for the ex-
cltement at the start. 1t was an entirely
weather market, the foreign markets with
the exception of the London exchange be-
ing closed. and although there was an
advance at London. the statistics swere
bearish, worlds shipments being large
amount on passage of ]. $50 600 bushels.
July opened rs @1Ac to rs @I4c high
er, at 74A @75Ae, but under heavy Iiq-
utdatiOn by local longs the price eaSed
off somewhat, July declining to 745sc. The
Northwest was a good buyer and with
a decrease in the visible supply of 8, 46S,-
goo bushels. and on the strength at st.
Louis, the market again advanced, July
selling up to 7572c and the strength was
well maintained, although there were
some recessions toward the close Final
figures on July were up 1%e over Fri
days close, at 751s @75Ac.
Clearances of wheat and -four were
equal to 1,318,000 bushels. Primary re-
ceipts were 100, 900 bushels, against 431,-
700 bushels a year ago Minneapolis and
Duluth reported receipts of $50 cars,
which with local receipts of SIS cars none
OF contract grade. made total receipts for
the three points of 575 cars, against 233
cars last week and 158 cars a year ago.
Even More Doing in Corn.
The opening in corn was even more
excited than that in wheat, for the rea-
son that it was the general supposition
that the prevailing floods would undoubt-
edly cause the most damage to the corn
there
among shorts to get to cover. AS a re-
suit of their endeavors prices showed
wide variation, difference of lie being
noticed in bids at the same time in diff
ferent parts Of the pit. July was up 11A@
272c at the start, opening at At to 4Sc,
with very little for sale although there
fefings were well taken, however and
prices were well maintained. After sell
ing between 1880 and 4Sc, July closed
24s@2Ac higher, at 479s @47%c. Local
contract grade.
Oats ruled strong, in sympathy with
other grains; and on r. the unfagorable
ers were good buyers, while there was
some realizing o nthe advance, which
caused a slight decline. Closing prices
34%c, after ranging between 3473 @353sc.
Local receipts were $50 cars.
Provisions shared in the general up
turn. The strength in the grain mar
at Kansas City and an advance of 100
15c in the price of hogs stimulated a
good demand for all products. There was
good buying by outsiders and shorts
and a further advance was made, but
later in the day realizing sales caused
a partial loss of the early gain. The
close was strong, with September pork
3215c higher, at $17.0215; lard 15c high
er, at $685. and ribs up TIC, at SO. 2I1a.
THE estimated receipts for tomorrow
are: Wheat, rs cars; corn, 107 cars; oats,
800 cars, and 1000 head of hogs.
Range of Quotations.
The leading futures ranged as follows: