The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-14

CHICAGO, June 13.-With coarse grains
mere strong and rumors of flooded fields
IN Kansas and Oklahoma there was a
sharp upturn today in the price of wheat.
Compared with Saturdays close, final
figures on July were AQBc higher. Corn
| SHOWS gain Of R@1c. Oats are UP
AWSsc, and provisions 10c to 121hc
Sentiment in the wheat pit was bearish
during the early part Of the session. Open
ing quotations on July were down "A @55c,
at ssh QS61kc. Lower cables and i'm
proved weather conditions were elements
IN the situation that tended to depress
prices. but perhaps the greatest factor was
the report OF the worlds shipments for
the past week. While the total was
about as expected, exports from America
showed decided decrease. Pit traders
were inclined to consider the figures
strongly Indicative of the present Euro
pean indifference to American wheat.
Many Eearish crop advices were recetv-
ed early In the day. One report in
commenting on the condition of spring
wheat in the Canadian Northwest said
that prospects could not be more favor
able Toward the middle of the day senti-
ment suddenly became bullish, and prices
started upward. Strength in corn and
oats were largely responsible for the
change of tone Some bullish crop re-
ports were received from Kansas and
Oklahoma telling of flooded conditions and
predicting late harvest. Shorts were
of the session, the market continuing
strong until the close After advancing
to S69s @86Ac, July closed at S674 @865sc.
Clearances of wheat and flour were
equal to 200 bushels The amount
Of passage increased 440. 900 bushels and
the visible supply decreased FPS, 600
Pis Primary receipts We're 420. 400
year ago. Minneapolis, Duluth and Chi
cago reported receipts of 344 cars, against
S52 cars last week and 457 cars year
Surprising Strength in Corn
The strength manifested in corn was
rather surprising, in view of the moderate
volume Of trade There was a good de-
maEd for September from provision in
terests and a prominent commission
house Shorts were also active bidders.
offerings were scattered and apparent
ly inadequate to the demand Possibly
the source of greatest strength was a
report of the secretary of the Kansas
state. board of agriculture claiming a bad
condition of the crop throughout the
state. Smaller receipts than expected
were an early bull factor The market
closed well toward the top. July opened
AQAc higher, at 48h O485kc sold up to
1870. and closed at 49A @49ssc. Local
receipts were 439 cars. with 4S Of con-
tract grade.
There was a big general commission
mouse trade in oats with the demand
largely centefed in the September deliv-
cry, although there was also an increased
demand for December. Strength of corr
was the main bull factor. Distant deliv-
erleS made an advance of about a cent
but the July option showed only a mod
crate gain. After opening unchanged tt
1sc higher, at 1914 @39Bc, July ranged
between 1880 and 39Bc, closing at 80 q a
39Bc. Local receipts were 1876 cars
l Provisions were strong on covering by
| shorts. under the leadership of promi-
nent packing interests. Light receipts
| of hogs, higher prices at the yards an6
| strength of corn helped along the ad.
! vance. At the close September pork was
| up 15@177 at $12.95; September lar6
| ribs were up 15c, closing at $7521h.
Estimated receipts for tomorrow: Whea1
AZ cars. corn 603 cars, oats 1876 cars, hogs
II 900 head.
Range of Quotations
The leading futures ranged as follows: