The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-07
OF THE DAYS TRANSACTIONS IN TIE MARKETS
WHEAT ASCENDS AGAIN
SOUTHWESTERN WEATHER coNDi-
TloNs THE DOMINANT FEATURE
Reports of Heavy Rain Cause RuiIsh:
: Sentiment at the start-Damaae to
Growing Crops Is Reported-corn and
Oats Higher

CHICAGO, July 6.-Unfa verahle har-
Vesting conditions in the Southwest and
reports of the damage to growing crops
today. At the close September wheat
was UP sc. Corn and oats each made a
gain Of so 1kc. Provisions are down nc
Weather conditions in the Southwest
were the dominating influence in the
wheat pit today, all other factors being
ports Of heavy rains in Kansas Missouri
and Iowa caused bullish sentiment at the
start and initial quota tions on Septen
heT Ehss up to e at a gsA 9s saz en
TENDER from shorts, resulting in advance
of about kc during the first hour of trad
ng The July option also ais was was u good de
We're practically no offerings of that de-
livery on the market July made greater
AZ ADVANCE than the more distant future.
There was liberal liquidation of Septem-
Der going On early in the day, but the
market nevertheless continued to gain in
strength September selling up to Ss1sc.
southwest had much to do with the i'm
proyement. Another factor that contrib
uted to the strength of the situation was
sidered quite bullish According to Of
fetal figures the total yield of wheat for
that state was reduced 10 per cent com
. 100000 bushels. Damage reports also
were received from Southern Indiana,
where it is claimed the crop is being
badly damaged by wet weather. Toward
the noon hour the market began to feel
the effect of the early liquidation From
SAe September declined to S25s @8Sc.
lacked the enthusiasm manifested earlier
in the session and greater effort was
required to start prices upward again.
The market closed firm, however, with
equal to- 1890 bushels. ss Bradstrset's
Pra Teeeps Mere bushes
compared with S85, 900 bushels q year ago.
Minneapolis, Duluth and Chicago report
ed receipts of $50 ears against 20S cars
last week and l5l cars a year ago.
Corn. Holds Firm
Wet weather and strength of wheat
were influences that held the corn mar
ket firm throughout the entire day. The
pit crowd was inclined to the bear side,
but the demand from commission houses
was of good character. An estimate of 65
cars for tomorrow furnished considerable
encouragement to buyers. September
opened a shade to A@%c higher at 4sc
closed at 1850. Local receipts were 273
cars, with Is of contract grade
In sympathy with other. grains the oats
was a fair demand for July from shorts.
The volume of business was small. Sep
TENDER opened with gain of Bc to Ac
/ at S21sc to 32s4e. sold between &c and
325zc and closed at 323s @3S1ae. Local re-
ceipts Were I'll cars.
| Provisions were weak on lack of sup
/ port from packers and on scattered selling
| by commission houses. At the start
prices were fairly steady under the in
duence of firm hog market, but a re-
action soon occurred on realizing. At the
close September pork was down 2215c at
! $13. Lard WAS off T1a@10c at $7.177s@
Z. 20-saR Ribs We're down 71ac at 81 20: Els
tinlated receipts for tomorrow: Wheat,
/ 6 cars: corn, 965 cars; oats, AZ cars; hogs,
E28,009 head.
IT. ss Range of Quotations
The leading futures ranged as follows: