The Saint Paul globe., 1903-06-27
IN WHEAT
JULY CLOSES LOWER AND sEPTEM.
a. BER AT AN ADVANCE
Liquidation Is General, the Main influence
Being Rain Reports From the North
"est-Trading Not Very Animated
Corn and Oats Are Lower.

CHICAGO, June 26.-Liquidation was
quite general in the grain and provision
PITS today and prices fiuctuated nervous
y, July wheat closing zee lower, while
september was 3sc higher. September
corn was down 3s@1zc. oats Were off 4e
ana 9I,, provisions from I71ac to CSC.
me main. influence in the wheat pit
tooay was the weather map and on re-
ports OF rains at Winnipeg and at vari-
GUS Points in North Dakota and Mime
sofa there was a heavy selling pressure
at the opening with July 1sc to 55c low
er at 824sc to 83c, and September a shade
Irlsl InIlghef to y g 12e lower at 79Ac to 79&e-
me nqu1da ton continued during the first
nouf, IN Which time the market had de-
clIned materially, July selling off to 8156c
ana September to 78Ac. Toward noon a
good demand developed on reports that
rains We're very much needed throughout
the Northwest. the showers last night
having been only of very light character.
tne Southwest, and with higher prices at
Sc Louis. Minneapolis and Duluth the
market market quickly rsZ,onded and became
quite strong. Trading was heavy
throughout the session. There was re-
newed liquidation within the last half
hour and July closed 1ac lower at 825ac
ed at 80tQ801sc, a gain of &c, after touch
ing S07sc.
Clearances of wheat and -four were
equal to $50, 900 bu. Bradstreet's reported
exports OF wheat and flour for the week
OF 3.5l8, 000. against 3,647 900 a year ago.
FrHnarY receipts Were 669, 700 bu, COM
pared with 23O,300 bu year ago. Mime
apolls and Duluth reported receipts of
2S1 cars, which, with local receipts of 81
cars. none OF contract grade, made total
receipts for the three points of 314 cars,
against zig cars last week and PCS cars a
year ago.
Corn Seconds Wheat.
Corn sympathized with wheat and the
early weakness in the latter market
the more favora BILE weather conditions
also aided in bringing out selling orders.
There was little corn wanted except by
SnortS, who covered freely on the decline.
With the recovery in wheat the corn
market advanced and much of the early
loss was regained. The sentiment was
ranging between 507sc and 51kc. July
closed at 51Hc, net loss of 81 &C. Sep
tember was off g @1zc at 5118c, ranging
1856 cars, with 40 of contract grade
There was an urgent demand for July
oats from shorts at the start and the
opening from &c lower to 138c higher at
43c to 441ac. The demand, however. was
soon satisfied, and prices became more
settled. Other months We're comparative
Iy steady with light trading July clos
ed 1sc lower at 43e, after ranging be-
tween 427sc and 441zc. while September
was off Ae, closing at 341s q 549sc. after
selling between 34zc and 347sc. Local re-
ce1ptS We're 1874 cars.
PROVISIONS We're quite firm at the Opeu-
ing. influenced by the better tone of the
hog market. but the weakness in grains,
together with heavy liquidation and an
exceedingly light demand caused severe
break in prices. and the market ruled
weak the. greater part of the day. Pit
traders who bought on the recent de-
cline. were the best sellers. while the buy
Ing was scattered. but mostly for outside
account September pork closed at a loss
7 of Csc at SIG. September lard was off
171Ac at SS. 421z. while ribs were down
20c closing at 8.S5
The estimated receipts for tomorrow
are: Wheat. 25 cars; corn, 526 ears; oats.
215 cars and IT 600 head of hogs.
Range of Quotations.
The leading futures ranged as follows: