The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-17
CORN SHOOTS UPWARD
BULLISH CROP ADVIcEs ARE THE
INSPIRING CAUSE
Trade Is Active and Prices EmphatIcaIIy
Strong Throughout the Session-Wheat
Rules Quiet and Mostly Steady and
Closes Unchanged.

CHICAGO, June 16.-The feature in the
grain trade today was the sharp advance
of bullish crop advices, September clos
Ing 18c higher. September oats were
ss@ Zee higher, but wheat was unchanged
with provisions from 21kc to SC higher.
Wheat ruled quiet and about steady
the greater part of the day. The open
ing was a trifie easier on Indifferent ca
Dies, excellent weather and beariSh crop
adVlceS from France and Russia, July be-
ing a sha lie lower to a shade higher, at
I5B @76c, and September unchanged to
&c lower, at 1875 @7314c to 72h@725sc.
the more favorable crop advices both at
home and abroad, together with selling
by ST. Louis and the Northwest had
weakening tendency and prices gradu-
ally yielded. July declining to 1880, aft
er touching 761sc soon after the open
ing, while September sold off to 1870. A
decrease in the worlds visible supply of
4,152, 900 blu. as shown by Bradstreets and
bullfsh Illinois crop report caused some
hrmness later, but the advance was lost
On profit taking. The strength in corn
in the day. and the close was steady, with
July and September both unchanged, at
75$ @76c and 731k@73Nc.
equal to 400 900 blu. Primary receipts
were 246, 900 bu, against 279, 900 bu a year
ago. Minneapolis and Duluth report
receipts of 26 cars, l Of contract grade,
made total receipts for the three points
Of 232 cars, against 304 cars last week and
14b cars year ago,
Lots Doing In Corn.
There was an active trade in corn, and
prices We're decidedly strong throughout
the entire session. Covering by shorts
due to the unfavorable crop prospects and
marked Improvement in the cash de-
mand, were responsible for the advance
Favorable weather and liberal receipts
We're bear factors, but they were offset
by firm cables and by the uncertainty
IN regard to the crop, together with the
light offerings. The close was strong and
near the top, July being &c higher, at
49Ac, after selling between 4S5sc and
1880. September closed with a gain of
1asc. at 49A @493sc. after ranging between
7O3 cars, with 81 Of contract grade.
Trading was moderately active, but the
scarcity of offerings kept the business
confined to small volume. The strength
In corn was the main supporting feature
and caused considerable buying by COM
mission houses, while there was also a
good demand from local traders July
closed sc higher, at $3.50, while Septem-
Der was up Is @hc, at SO &c, after selling
between $3.50 and 337sc. Local receipts
were 239 cars.
Provisions ruled dull and featureless.
with prices about steady. A little bulge
at the opening resulted from a light run
or hogs, and an advance of from sc to 10c
early in the day. Later the offerings
were more free and prices reacted some
what, closing steady, with September pork
21ac higher, at $168715; September lard
DC higher, at 50, and ribs up 212c, at SO. 80.
Inc. estimated receipts for tomorrow
are Wheat. 20 cars; corn, 26O cars; oats
100 cars, and 81, 900 head of hogs
Range of Quotations.
The leading futures ranged as follows: