The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-29
LIQUIDATION IN GRAIN
EXTREME WEAKNESS PREVAILS,
WITH RESULTANT LOW PRICES
Light Showers and Generally Cloudy Skies
In the Northwest Bring Out Large
Volume Of Long Stuff In Wheat-Mar-
ket Rallies FeebIy and Soon Subsidies
Again.

CHICAGO, June 27-Extreme weakness
prevailed in both the grain and provision
pits today due to general liquida tion Sep
TENDER wheat closing 1 &c lower, Septem-
Der corn off 1Bc and oats down 70 @%c,
While provisions were from 15c to 60c low
er
.. Light showers in portions of the spring
wheat belt with cloudy skies quite gen
eral IN that section Of the country, cauS-
eo teellng among traders that the
drought in the Northwest was ended and
resulted in bringing out a large volume
OF long stuff which holders were afraid
10 carry over Sunday In consequence of
TINS heavy selling pressure, prices dropped
pFeclpltately 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
t 91f q re to q @Bc at 79Ac to 1880.
The market rallied at one time during the
nrst hour, but the selling was too per-
sistent to be withstood and prices con-
tlnued on their downward course until
78c The close was near the bottom. with
July 1S4c lower at 80Bc, and September
s, down 7Ey 1Sc at 7SB@7SAc.
ClearanceS of wheat and flour were
equal to 244.900 BUSHES. Primary re-
ceipts are 304,300 bushels, against $780,.
600 bushels a year ago. Minneapolis and
Duluth reported receipts of ZIG cars.
contract grade, made the total receipts
for the three points of 240 cars, against
254 cars last week and BAT cars a year
ago.
Corn Follows Suit.
Corn ruled weak under general liquida-
ton, brought out by the weakness in
wheat favorable weather and increased
seemed to have selling orders on tap
at the start and the demand was exceed
1ngiy light, so that the opening. figures
were considerably lower than yesterdays
selling
time to time during the remainder of the
session and prices declined still further,
loss of 1850 after selling between 49%c
and 5OBc. September closed INC lower
at 5oc,- after ranging between 1870 and
55oBc Local receipts were sos cars, with
oats for July delivery suffered a sharp
break in the first hour, the opening price
being from &c to 1Ac lower, at 41%c
the opening. The decline was due chief
~ TO selling by prominent commission
house and with STOP loss orders coming
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
the favorable weather conditions After
selling between 401ac and 42Bc, July
closed 2Ac lower at 40%c with Sep
between 1890 and 343s 3341bc. 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 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 zoe at $15 40 September lard
closed a15c lower at So .2715. while ribs
( were 221sc lower at So. 621k
81 The estimated receipts for Monday
are: Wheat, IS cars; corn, 500 cars; oats,
go cars, and $4,000 head of hogs.
Range of Quotations.
The leading futures ranged as follows: