The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-07

CHICAGO. June 6.-Optimistic ideas
regarding both foreign and domestic crop
prospects caused an almost constant de-
cline in wheat today. At the finish July
wheat showed a net loss OF &c Corn is
OF *c. oats are down h@Ac. Pro-
zoe.
Improved weather conditions land easier
caDles influenced wheat at the start.
weekly statistics also were a fisaDDoint-
ment to the bulls. Initial quotations on
/ Juiy were &c to Nc lower at S7Esc to 88c.
Alter selling down to 875a @8fAc, the
price rallied to $3.50. The firmer feeling
was due primarily to private advices re-
gaIning the crop situation in the South
west, a prominent firm having quite bull
ISM reports from that section While
tnere was some buying on these reports,
the majority of traders were skepticai
as TO the poor prospects, and the market
soon developed renewed weakness. For
eign news was extremely beariSf adyices
from France and India claiming crops to
pc In excellent condition. The disposi-
tlon to sell was considerably augmented
by the promising outlook of spring wheat
IN the Northwest. There was also some
selling on the relatively small decrease in
the visible supply, the figures for this
week showing a decrease of only $4,000
decrease last week. Weakness in corn
was an added bear factor. After selling
off to 87@S71sc,. July closed at S7ssc.
Clearances of wheat and flour were
passage increased $4,000 bushels Pri-
mary receipts Were 422 200 bushels, COM
pared with sol. 400 bushels a year ago.
Minneapolis, Duluth and Chicago reported
receipts of 352 cars against $50 cars a
year ago.
Corn Very Weak
Exceedingly liberal receipts, with pros
poets OF continued heavy movement,
were the principal cause of extremely
weak corn market. Trading was fairly
active, with influential interests arrayed
on the selling side. The downward trend
OF prices was natural result Of decidedly
large, and the visible supply Increased
over half million bushels, compared
With decrease of nearly a million and a
half bushels last week. Another bear
factor was an official forecast for better
weather throughout the corn belt. The
market closed almost at the lowest point
OF the session. July opened Il 0&c to
h@5sc lower at 49Hc to 49hc, sold be-
tween 481hc and 491hc. and closed at
1875 @48Mc. Local receipts were 837 cars,
with, 30 of contract grade
.-1 oats We're easy, but there was not much
selling pressure on the market, and at
the low point prices showed only small
losses. Better weather and weakness in
other grains were the depressing in
small stocks curbed selling. July opened
a shade to Is OK lower at 1880 to 39sz c,
ranged between 1895 D391Rc and 3934c.
closing at 1850. Local receipts We're 13S
cars.
+ Provisions resisted the weakness of
wheat and corn, buying by commission
houses causing a firm tone. A decline in
the price of hogs and liberal receipts of
hogs at Western points was against the
market. The market closed at the top.
with September pork up zoe at 81 95.
September lard was up 71ac at $6.65. Ribs
showed an advance of 10@12Ac, at $685.
@6.9714. Estimated receipts for tomorrow
Wheat, AZ cars; corn, 955 cars; oats, 207
cars; hogs, $4,000 head
ie.-. Range OF Quotations
The leading futures ranged as follows: