The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-01
VlMARY OF THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT is up A SHADE
EDGE is TAKEN OFF THE MARKET
AT THE START
Sentiment Is Bearish Until News Comes
of Cold Weather In the Northwest and
Rains in the southwest-corn and Oats
Lower

CHICAGO, June 30.-Dispelling weak
ness, due to general liquidation in July
wheat, cool weather in the Northwest
and rains aims in the Southwest, caused firm
tone To-Day at the close. Final quotations
on September were up a shade. Corn is
down @@Ac. Oats show shade de-
cline. Provisions advanced 7k@8c.
More favorable harvesting weather in
the Southwest took the edge off the wheat
market at the start Notwiths landing
an improved tone in foreign grain mar
kets sentiment in the pit here was quite
bearish. The opening on September was
a shade lower to 1sc higher at 811s @81Nc
sto Sissc In the absence of outside spec
ulatlve interest local traders sold freely
break would follow. The principal fea-
ture of trading was the liquidation of
July holdings and the changing from July
to distant deliveries There was also
considerable selling of September on the
improved weather conditions in the South
west. Before the decline was checked
September went off to s0%c. During the
latter part OF the session a decided re-
action developed. Builish advices regard
ing the spring wheat crop were received
from the Northwest the report stating
retardlng the growth of the plant. These
ruHlors were accompanied by enough buy
ing orders to occasion a good rally, es-
pecially in the more distant deliveries
The market was further strengthened
Within the last few minutes of trading by
reports of rain in Kansas September
CLOSED at SlA QTSl3sc
Ciearances of wheat and -four were
equal to 70, 400 bu. Primary receipts were
294, 400 bu, compared with $500 blu a
year ago. Minneapolis, Duluth and Chi
cago reported receipts of PIG cars, against
1853 cars last week and 252 cars a year
ago.
Liquidation in Corn
Liquidation of July holdings was the
feature re,t Of trading in the corn pit There
fair scale and lot of changing from July
to the September option. The prospects
of heavy deliveries tomorrow were partly
easier tone of the early wheat market in
creased the selling pressure. An easier
tone was manifested throughout the en-
tire day September opened a shade low
er to shade higher at 4S5sc to 4SA C,
sold between 4SB @4S1Ac and 48Ac and
closed at 4S1ac. Local receipts were $50
cars with 1s Of contract grade.
The oats market felt the effects of the
easier tone of corn. prices ,of all deliv-
cries showing slight losses. Trading was
almost exclusively of a scalping nature.
cover, and the demand was supplied by
local longs. Receipts were light and the
cash demand fair. September opened a
shade higher at 321sc, sold between 317s
@S2c, and 321s@3214c and closed at 32c.
Local receipts We're 12S cars.
In spite of considerable liquidation the
provision market ruled firm and finished
the day with fair advances for all prod
ucts. The chief feature was buying of
lard and ribs by commission houses sup
posed to be for the account of local pack
ers. Higher prices at the yards were a
supporting influence At the close Sep
tember pork was UP zoe at $13. 029s.
September lard showed gain of 71s @10c
at $7.127z OF. Is. Ribs We're up 121ac at
81. 621a
Estimated receipts for tomorrow are:
Wheat. 10 cars; corn, 800 cars; oats, 107
cars; hogs, $4,000 head.
Range of Quotations
The leading futures ranged as follows:
- Omen. Hieh Low n (ylnse