The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-08
OF THE DAYS TRANSACTIONS Nv THE MARKETS
WHEAT RISES FURTHER
SENSATIONAL FLOOD REPORTS
COME FROM THE SOUTHWEST
At the Very Opening September Gains by
Reason OF Continues Rain e. the Win
ter Wheat country-Denand Active and
Offerings Higher

CHICAGO, June sensational flood
reports from the Southwest today caused
ct September wheat Corn is up 7s@Ac.
Oats show gain of Il @Sac. Provisions
are practically unchanged.
continuation Of heavy rains through
out the winter wheat country gave the
wheat market strong. sendoff, opening
prices Oh September being up &c to &c
at 1890 to SS5sc. There was an active
general demand for both the July and
September deliveries, but offerings were
exceedingly meager In consequence of
the light offerings the price was bid UP
tremely bullish. The market was gov
erned almost entirely by news from the
southwest. The most sensational dam
into the pit. flood conditions being re-
ported from all sections of the South
west. A Kansas City paper estimated the
carnage IN Kansas and Nebraska at 3d.
There was also a note of alarm in adj
vices from the spring wheat country, a
report from the Red river valley stating
than it had been since 1884 The Ken,
lucky crop report was about the only
istinetly reasstring feature of the days
news. official figures giving the condition
of wheat of that state at 10. compared
with 81 last month. Offerings of wheat con-
tlnued light until the price of September
had been forced up to s4&c; On the ad-
profits, causing reaction, September de-
clining to S4A @S4asc. The market, how
ever, lost none of its Dullishness. closing
strong. with September at S43s@841zc.
July ranged between $3.50 and 901sc, clos
Ing at 90@901sc.
Ctearances GO Of wheat and flour Were
ceipts Were 219.500 bushels. compared
with 2S7,10o bushels a year ago. Mime
apolis, Duluth and Chicago reported re-.
celptS of 10 cars, against 209 cars last
week and 81 cars year ago.
Corn Is Active
For the first time in some weeks there
was activity in the corn market The
Improvement in trading was accompanied
by advances of &c to 1c. Strength of
wheat was the main factor. although the
floods in the Southwest affect the corn
crop almost as seriously as they do wheat
There was a good general demand the
entire day and pf9ees advanced steadily
throughout the session.
The strength of the cash market helped
speculative trading. The market closed al
most at the highest point. September
eoenea to eg ana s se eo TO
50@50sc. Local receipts were 20 cars.
with two cars of contract grade.
Strength of wheat and corn had bullish
effect ON the oats market. There was
more trading today than had been wit
messed for some time. the pit crowd being
an active buyer of September. Commits
sion houses also had liberal buying or
ders. The market closed strong and near
the best price of the day. September
opened a shade te. Is O. Ac higher at 321ac
! to I32s &c, sold between 32ss @321ac and CSC,
and closed at 32Ac. Local receipts were
2S cars.
a Provisions experienced little setback
early in the day as a result of weak
tone In the hog market, but the strength
of grains overcan1e this handicap and
sentiment during the latter part of the
session was quite firm. AT the close Sep
TENDER pork was up DC at $13. 05. Septem-
Der lard and ribs We're unchanged. closing
at 81 .I71a @7.20 and 10 respectively
Estimated receipts fer tomorrow: Wheat,
5 cars; corn, 123 cars; oats, 81 cars; hogs,
p, GEO head.
49,. Range of Quotations
1.-The. leading futures ranged as follows:
/ Openl High Low Close.