The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-28

CHICAGO. June 27.-Extreme weakness
prevailed in both the grain and provision
pts today due to general liquidation, Sep
temDef wheat closing 1Mc lower Septem-
Der corn off 1Mc and oats down 5aMAc
While provisions We're from 15c to 60c low
er.
wheat belt with cloudy skies quite gen.
eral in that section of the country, caus-
ea 1eeiing among traders that the
resulted in bringing out a large volume
of long stuff which holders were afraid
TO carry over Sunday. In consequence of
TINS heaVy selling pressure prices dropped
precipitately and weakness was manifest
ed throughout the entire session Cables
Were rather indifferent to the upturn here
yesterday and with the break at ST.
market followed the lead and opened low
er at sc to $3.50, while September was
Of OF q @Ac to ,A@%c at 79Ac to. 1880.
first hour, but the selling was too per-
sistent to be withstood and prices con-
tlnued on their downward course until
7Sc The close was near the bottom. with
down 7sc at 1875 078Hc.
Clearances Of wheat and flour were
equal to 244,900 bushels. Primary re-
ceIpts are 3O4,3O0 bushels. against $50,
900 bushels a year ago. Minneapolis and
Duluth reported receipts of 216 cars,
which with local receipts of "a cars, of
contract grade, made the total receipts
for the three points of 24O cars, against
254 cars last week and SAT cars year
ago.
Corn Follows Suit.
Corn ruled weak under general liquida-
ton, brought out by the weakness in
wheat, favorable weather and increased
receipts Nearly every house in the trade
seemed to have selling orders on tap
at the start and the demand was exceed
lngly light. so that the opening figures
were considerably. lower than yesterdays
1IF1cr al f~---~@
time to time during the remainder of the
session and prices declined still further,
July closing at the low point, at 1870. a
loss OF 1ssc. after selling between 1870
and 50Bc. September closed 1kc- lower
at Soc, after ranging between 1870 and
50Bc. Local receipts were sos cars, with
Oats for July delivery suffered a sharp
break in the first hour. the opening price
being from Bc to Ne lower. at 41%c
to 42Bc. and selling off to 41c soon after
~ to selling by a prominent commission
mousse and with stop-loss orders coming
out on the decline, the recession was
made more pronounced There was more
or less liquidation in the deferred months
on account of the weakness in July and on
the decline in other grains, together with
selling between 40ho and 42Nc, July
closed 2Ac lower at 4OAe. with Sep
tember off f. = @Ac at $3.50; after ranging
between $3.50 and 34as @344c. Local re-
ceipts were 20 cars.
Provisions ruled decidedly weak the
greater part of the session, due to the
weakness in grains and to heavy liquida-
ton. Opening prices. were steady in spite
of an easier hog market, but toward the
end of the first hour there was a general
selling movement and prices declined rap
idly with pork especially weak. There
was little support to the market and the
close was at the bottom, September pork
being off 60c at $15.40 September lard
closed 15c lower eat IS Ply, while ribs
were 221sc lower at IS.
a ahs WS Sssnaf & c receipts ap sao for Monday
ESQ cars, and $4,000 head Of hogs S 49,
Range of Quotations.
The leading futures ranged as follows: