The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-23
OF THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT is UNCHANGED
BULLlSH AND BEARISH REPORTS
eav OFFSET EACH OTHER
Bears Get the Upper Hand Early in
the Day, but Do Not Hold 1t Long
Quick Rally Is-foIIowed by Decline

CHICAGO, June 22-Bullish foreign
crop reports on the condition Of wheat
We're today offset by bearish adviceS
regarding the domestic situation AS a
result closing prices were practically
Identical with yesterdays final figures
Other staples are down a little-corn
"A c, oats 1sc and provisions 10c to 20c
AT the start sentiment in the wheat
pit was about evenly divided. Initial
Quotations on July were unchanged
to 1sc lower at 849sc to S4Mc. Sep
TENDER was unchanged to a shade
higher, at 79Hc to 1915 @S0c The con-
H1ctlng elements that entered into the
early situation were the small receipts
strength of the foreign grain markets
and bullish Prussian crop report as
opposed TO excellent weather in the
southwest and a bearish crop report
from Iowa. For a time the bears
gained the ascendency and quite
general disposition to sell was mani
rested, resulting in slight decline
July easing off to S4as @84hc, and
September to 79Ac Then the sentf-
ment in the pit suddenly changed and
under the manipulation of few local
Dulls there was a quick rally. On this
upturn July advanced to 851Ac and
September to 801s @80Ac. The mar
.ket again weakened on selling of Sep
tember by Northwestern houses, the
I9asc. July showed more firmness.
selling off only trif7e. Just before
the close all the loss was regafned on
covering by shorts, final figures show
ing almost no change from yesterdays
closing prces. July closed at a gain
OF Bc, at S4Bc. September was UNI
changed at 1890.
Ciearances of wheat and flour were
equal TO 500 blu. Primary REGENTS
We're 259,300 blu, compared with 27O.-
VO0 bu year ago. Minneapolis. Du-
Iuth and Chicago reported receipts of
1oo cars, against 163 cars last week
and l46 cars year ago.
Corn Loses Fraction
At the immediate start the corn
market showed a little downward ten
dency under the influence of selling
Drought out by favorable weather and
DearlSh Iowa state report After a
SHght decline the market became firm.
ef on fair purchases by a leading bull.
ne only option was the chief object
OF attack at the start and exhibited
the most strength on the recovery.
The close was steady, with July a
shade higher, at 481ac, after ranging
between 1880 and 4S&. SeptemheT
opened shade to N @1Ac lower al
483sc to 48Ac, sold between 1880 and
4SSe, and closed at 48h @485ac. Lo
cdI recelpts were 1873 cars, with Is of
contract grade
Small receipts and bullish Prus-
sian crop report had a steadying effect
on the oats market in the face Of ia
VoraDle weather conditions The vol
ume OF trading was small and prices
Huctuated within narrow range. july
closed unchanged at 39hc, September
opened unchanged to a shade higher
at S2he to S21s @S2Ac, sold between
81 Is @32c and SAGE, closing at 32c.
Local receipts We're So cars
provisions We're weak under general
liquidation. outside packers leading in
the selling. The market lacked any
decided support and closed near the
low point. with September pork down
zoc at $3.50. September lard was off
!0gl24sc at SIP. Ribs were down
1o@l21sc at $z6219. Estimated re-
ce1pts for tomorrow: Wheat, 81 cars.
corn COT 40 cars; oats, 95 cars; hogs, 81
Range Of Quotations
The. leading futures ranged as follows: