The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-27
WHEAT IS up A CENT
DEMAND FOR NEWLY HARVESTED
GRAIN is ACTIVE
Everything Favors the Bulls at the Start
OF and They Have Little to Complain
of Taking the Day as a Whole-Corn
Loses Again

CHICAGO. June s25.-Talk OF an ac-
tive demand in the Southwest for new
iy harvested grain was the chief cause for
a net advance of &c today in the price of
September wheat. Corn is off 1h@Ac
oats are unchanged. Provisions are down
212c to 12hc
As the result OF variety Of builish in
HuenceS strong tone prevailed in wheat
at the opening. The most prominent fac
tors were higher cables, decreased ship
ments from Australia and additional rain
Vesting is in progress. Initial quotations
on September were up a C to sc at S6asc
10 Bic. Trading was light during the
early part of the session more from a
scarcity Of offerings than from any lack
OF demand. Shorts and commission
houses were the principal bidders. The
selling was largely by scalpers. AS the
session. advanced a considerable amount
or bear1Sh news was received, but it had
little apparent effect, the market retain
ing its opening firmness. On the other
hand traders took particular note of ali
puIllsh items. Continental advices told
OF great damage to wheat in Caucasia. An
estimate on the worlds shipments for
the week placed the amount at about
o,OVo,OVo Du, low figure compared with
recent shipments Apparently the most
influential factor of late trading was a
report OF a Minneapolis crop expert In
referring to harvesting operations in the
Southwest this authority stated that the
country milling demand was so urgent
that there was little likelihood of any
Lew wheat reaching Chicago during July.
The effect Of this report was to give add
ed impetus to buying. During the last
hour September advanced to S1%c on the
purchase OF several million bu by North
from the top, but the market closed
strong with September at S13sc. July
ranged between S5Ac and S62sc and clos
ed with gain of &c at S5Rc.
Clearances of wheat and flour were
equal to 1890 blu. Primary receipts 303,-
900 bu. compared with 304, 800 bu a year
ago; minneapolis, Duluth and Chicago re-
ported receipts of $40 cars, against 301
cars last week and 240 cars a year ago.
Corn Is Weak
Heavy selling of the July option by eIe-
Nator interests caused weakness in corn.
owing to ideal weather conditions and
to break in cash values, sentiment in
speculative trading was inclined to bear
eT cables and smaller receipts than esti.
mated On the advance offerings were
liberal. and with compare lively little de-
mand prices soon started downward. The
close was almost at the lowest point of
the day, July being down half a cent at
4INc after selling between 47%c and
48Ac September opened Sc to 1sc@Ac
higher at 1880 TO 485s @4S4c. sold be
tween 4S1sc and 484c and closed at 4Sk
@4S3sc. Local receipts were 344 cars with
Il of contract grade.
The fluctuations in wheat and corn had
little effect on the oat market, prices hold
ing steady with a very small range Ow-
ing to a scarcity of offerings trade was
light. After selling between 3Sssc and
3S9sc. July closed with a loss of %@Lc
at 383sc. September opened unchanged to
B4 &c higher at 31&c to 3Tzs @32c. sold
within the opening range and closed at
the low point. Local receipts were $50
cars.
Provisions were firm early on smaller
receipts of hogs and higher prices at the
yards. Packers We're fair purchasers ear
ly in the day. Later in the session the
market eaSed Off on profit king Pros
poets OF more liberal receipts of hogs on
Monday We're late bear influence. AT
the close September pork was down 12hc
at $l5. - &c. September lard was off ~ a
&c at 81. % y @7.25 Ribs were down sc at
S.7712. Estimated receipts for Monday:
Wheat, cars; corn, 436 cars; oats, SO
cars; hogs, 80, 900 head.
Range of Quotations
The leading futures ranged as follows:
o..