The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-30
NO CHANGE IN WHEAT
THIS APPLIES TO PRICE AND NOT
CHARACTER OF TRADE
The Latter Shows Improvement After
Weak openine-Firmness Caused by De-
malls of Adequate Rain In the North
west-corn and Oats Higher.

CHICAGO. June 29.-After a weak
opening. prices in both the grain and
provision pits showed a marked improve
ment on good demand, and September
wheat closed unchanged. September corn
a4c higher, and oats NC, while provisions
We're from 171s to coo higher.
Weakness characterized the early trad
ing in wheat. due to reports of general
rains in the Northwest, lower cables large
worlds shipments and bearish Canadi-
an crop report. September opened NO
&c to as@kc lower, at 77A @77Mc, with
July off 1s@1Bc, at 79@80c. Many of
the longs had wheat for sale, and the
early selling pressure was very urgent
and good deal of long stuff was sold
out. Outside markets were considerably
lower, which contributed to the depres-
sion, and with selling. by the. Northwest
with only a small demand. A decrease
OF over million bushels in the visible
supply brought out better demand
in an upward direction. September was
especially in good demand and sold up
to 781ac, while July rallied to soc. Buy
ing by the Northwest with denials that
rains i'll that section were of conse-
quence was largely responsible for the
late firmness. September closed I'M
changed at 1875 @7SA, but July was 1c
Clearances of wheat and flour were
equal to 10000 blu. The amount on pas
sage, decreased 967, 900 bus. Primary re-
ceiptst were 49, 100 blu, against 636.500 a
year ago. Minneapolis and Duluth re-
ported. receipts of 319 cars, which with
local receipts of twenty-four cars, one of
the three points of 343 cars, against $50
cars last week and 524 cars a year ago.
Corn Changes With Wheat
Conditions favored the bears in the
weak in sympathy with the weak
ness IN wheat and on the liberal receipts
and extremely favorable weather. The
selling was quite general early in the day,
but later, with the change in sentiment in
wheat, a good demand developed and
shorts and buying by bulls on the small
estimated receipts for tomorrow helped in
the uptuIn. There was no special feature
in trading. The close was strong with
ing between 1875 @50Bc July was up
9sc at 5012c. Local receipts were 92f
cars with 81 Of contract grade
The feature in the trading in oats was
the decline in the July delivery and the
apparent abandonment of the deal which
had been in progress for some time. The
weakness In other grains, the apathetic
state of the cash market and increased
local stocks were against the bulls. De-
ferred futures were in good demand and
held steady, September closing Nc higher
July sold between 39@39Ac, closing at
SO 1sc, a loss Of nc. Local receipts were
329 cars.
Provisions were weak early, in SYM
pathy with grains and on liberal receipts
with lower prices at the yards. Brokers
We're active buyers at the decline and
rapid advance followed. The close was at
the top with September pork up 6Oc at
SIG; September lard was up 17hc at $8.45
and ribs were up 171ac at $3.50.
The estimated receipts for tomorrow
are: Wheat, 40 cars; corn, $40 cars; oats,
305 cars and 16, 900 head of hogs.
Range of Quotations.
The leading futures ranged as follows: