The Saint Paul globe., 1904-06-25
SEPTEMBER WHEAT UP
MARKET is STRONG DURING MOST
OF THE SESSION
Kansas cioudburst is What Gives Prices
Boost After an Easy Tone Had Pre-
vaiIed-on the Other Hand, Oats and
Corn Decline

CHICAGO, June PA cloudburst in
Kansas was chief among the causes of a
strong wheat market here today. At the
close September showed a gain of &c.
Corn is off a shade. Oats are down nc.
Provisions are up 10c to zoe.
Under the influence of higher cables and
wet weather in the West and Southwest,
the wheat market started out strong
July opened 1s@Ac to NC higher at S4&
@64se to 84xc. September was up Nc
at 80c. During the first hour there was
a demand from commission houses and
snorts, the delay to harvesting occasion
ed by heavy rains in Kansas and sur
rounding territory being the main stim
ulus TO buying. Prices advanced to 85k C
Tor July and 807s @80Ac for September
Later IN the day local bears sold moder
ately and some of the early buyers fol-
lowed, causing temporarily an easier tone
Inc July option exhibited most weakness
selling down to 843sc. September eased
OH TO 19Bc One influence that prompted
considerable selling was private crop re-
port which was construed as bearish. An
Other source of weakness was the opinion
In regard to the threshing Of new wheat
returns being described as very prOmiS-
ing. Liberal Argentine SHIPMENTS which
had apparently been overlooked earlier in
the day, also tended to depTeSs the mar
ket Within the last hour. however, sem
timent again became bulliSh. An ac-
tive demand for September developed as
result of O large decrease in primary
receipts and because of estimates that re-
celptS for tomorrow would be small The
close was at the high point, with Septem-
Der at S0asc July was up 1ac at S51sc.
ClearanceS of wheat and flour were
equal to 81. zoo bu. Exports for the week,
as shown by Bradstreet's, were equal to
!. .27O,0O bu. Primary receipts were 232,-
200 bu. against 304 900 bu q year ago.
Minneapolis, Duluth and Chicago report
eo receipts OF 241 cars, compared with
125 cars last week and 314 cars a year
ago.
Corn Starts Well Enough
The early corn market was strong, with
several large commission houses good
buyers of September The strength of
wheat was the principal influence at the
start. Later in the day absence of ac-
tlvlty IN the local shipping demand and
ed an easier feeling. Large Argentine
shipments also had depressing effect
July closed unchanged at 1890. Septem-
per 9e! opened d shade to A@Ac higher at
4S7sc, closing at 4S1zc. Local receipts
Were 81 cars, with q contract grade
Trading in oats was dull and the tone
of the market weak. Declining tendency
in corn brought out considerable offering
by pit traders, resulting in slight decline
September opened unchanged to a shade
lower at 31B @32c. sold between S1$4 "a
321sc, and closed at 31%c. Local receipts
were SO cars.
Provisions were firm on an active de-
mand from local. packers. There was a
ACAty u dO0 III I1DS, several large opera
tors being active traders in that product
The selling was credited to country pack
ers: The main bull factor was the strength
of the hog market. September pork clos
ed zoe higher at $1S 40; SeptembeT lard
was up 15c at 7.27k; ribs were up I2h
@15c at $7.8215 Estimated receipts for
tomorroW: Wheat, L car; corn, 316 cars;
oats, III cars; hogs, 5000 head
Range of Quotations
The leading futures ranged as follows: