The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-07-11
WHEAT is UNCHANGED
PROPHECY OF GOOD WEATHER
CAUSES LIBERAL REALIZING
Report of More Rains Brings Tenn
porary Upward Turn, but Prices
Soon Go the Other Way-corn and
Oats Are Off

CHICAGO, July s.-An official fore
cast of bright, warm weather for Sun
day caused liberal realizing today IN
wheat and effectually checked an up
ward trend of prices. September
wheat closed at exactly last night
figures. Corn is off q a &c; oats are
down sc, and provisions 21a az &c.
Easier Liverpool cables and pros
poets Of better weather in the South
west caused considerable liquidation
OF wheat at the opening. Initial quo
ta1ons are a trif1e lower than yester-
days hgures, September being I'M
changed TO &c lower. at SSA oslo.
According to the weather man, how
ever there had been additional rains
during the night in Kansas. This
tact brought out quite liberal cover
ing by shorts and resulted in a tenn
porary upturn. September advancing to
"a rs "a S419c- Nevertheless the general
sentiment in the pit seemed to be in
favor of the bear side Local holders
had plenty of July wheat for sale The
pressure resulting soon gained the as
cendancy Prices started quickly
downward. The weakness of the July
option caused quite general profit talk
Ing In the distant futures, and de-
cline in September to S34sc followed
The market continued weak the re-
n1alnder of the session. Selling was
NNN6AAy ny 1Olf6o WIN dId 1101 care 10
carry their holdings over Sunday IN
view of the predictions of clear,
warm weather throughout the country.
Inc close. on September was at Sac
July ranged between SS3se and 9e1kc.
and closed at 88&@SSAc.
Ctearances of wheat and -four were
equal to $1,000 bu. Primary receipts
were 1910 blu; compared with 332. 100
bu a year ago. Minneapolis, Duluth
and Chicago reported REGENTS of AS
cars, against 205 cars year ago.
Corn Loses
Improved weather conditions had an
equally depressing influence en- the
corn market sentiment in the pit being
decidedly bearish- Weakness of wheat
was an additional bear factor. The
feature OF trading was liquidation Of
July and consequent decline in the
price of that option. The distant de-
lIveries were affected by the break in
July. The market closed at the low
point September opened unchanged
To-. &c lower at 49c to 49L c, said be-
tween 4SA and 1880, and closed at
a8&c. Local receipts were 125 cars,
with 10 of contract grade.
Oats were affected similarly to other
grains by the promised Improvement
IN weather. Trading was fairly active
at a small decline. Many small hold
+ C1S otf1Q -odl, d4kk3 there WIS SeiQe- SNORT
selling. The market closed at the low
point. September opened a shade TO
nc lower at S2Ac to 1926 q 80 &c, rang
ed between 321s @S2Ae and 325ae and
closed at 324sc. Local receipts. &c cars.
A weak tone in the hog market was
reflected in the provision pit, trading
in, hog products being quite active at
moderate decline The weakness was
due largely TO selling credited to a
large packing concern and to lack Of
demand from people who have been
supporting the market recently. AT the
close September pork was down I2Jzc
at $3.50. September lard was off So
T1sc at $7.02k @7.o5 Ribs showed a
loss of 21s @5e at $3.50.
Estimated receipts tomorrow: Wheat,
s cars; corn, 164 cars; oats, lee cars;
hogs, 900 head.
Range of Quotations
The leading futures ranged as follows: