The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-28
SUMMARY OF THE DAYS TRANSACTIONS IN THE Markets
WHEAT is WEAKENED
WORLDS SHIPMENTS ARE HEAVY
AND HARVEST NEWS FAVORABLE
From Beginning to End the Sentiment Is
6earish-offerIngs of September Are
Light-Oats Advance a Trlfe and Corn
Is Stationary

CHICAGO, June 27.-Liberal world s
shipments and favorable returns from the
southwestern haryests had a weakening
influence on the wheat market today. Al
the close the September option was down
zee from Saturdays final figures. Corn is
uncnanged. oats are up a shade. Pro-
visions show a loss of 10c to 25c.
sentiment in the wheat pit was bear
lSh from the start. At the opening the
effect of heavy rains in the Southwest
was offset by the Indifferent tone of
worlds shipments for the week being
considerably larger than had been ex-
pected and the movement from Russia
much heavier. Opening quotations on
at 0l1sc to S1$c Commission houses
We're fair sellers of July, but offerings
OF september We're light. For a time
there was a moderate demand for Sep
TENDER from Northwestern houses ard
TINS nad tendency to support the mar
ket, September selling up to S12s 081hc
during the latter part of the session trad
Ing was dominated by the situation in
the Southwest. A report from Kansas
City chTonicled the arrival there of 10
cars or new wheat, the quality of which
was excellent While weather conditions
were unfavorable to harvesting, the con-
dltlon of the crop was said to be good.
Selling by Southwestern houses was an
important bear factor during the latter
part OF the day. This selling apparently
allayed in the minds of many traders
fears that the marketing of the new crop
Weuld be seriously delayed by wet wealth
er. The market closed weak and near the
low point. final figures on September be-
s0g at SO%c' and the price had touched
Clearances of wheat and flour were
equal to a, 400 bu. The amount on pas
sage decreased 1,792, 600 bu and the visible
supply ], 691 900 blu. Primary receipts were
589,lO bu, compared with 1875, 100 blu
year ago. Minneapolis Duluth and Chi
cago reported receipts of 299 cars against
sol cars last week and 343 cars year
ago.
Corn Holds Up Well
In spite, of some influential selling the
corn market held up remarkably we'll
considering the weak undertone of wheat
Apprehension in regard to prospects of
decreased receipts had supporting in
n9ence. me principal buyers were COM
mission houses. There was a disposition
manifested on the part of local traders
TO Duy on the breaks, although they sold
early on fine weather in the West The
market closed almost precisely at Sat
urdayS final quotations. September open-
ed shade Aower to a shade higher at
48Ac to 1880, sold between 4S1sc and
1875 @4S13c, and closed at 48A 6483sc
Local receipts We're 424 cars, with 81 Of
contract grade.
Trading in oats was light and the mar
Ret held firm on support by bull leaders
receipts We're little larger and crop adj
wees quite favorable: After opening UNI
changed at 31%c, September sold be-
tween tween 9l%G. September sold between
p Ac anu 81 sc, closing at 31S4 @31M c.
Local receipts We're 126 cars.
provisions were affected by liberal re-
ceipts of hogs and lower prices at the
yards. feature of trading was liquida-
ton of July holdings. Shorts were fair
buyers throughout the day. AT the close
September pork was off CSC at $13 021bc
September lard was down 1O@12bc at
81 .12@c Ribs were off 15@171ac at 81. so
@7.62hc.. --..
Estimated receipts for tomorrow:
Wheat "a cars; corn, 609 cars; oats, 213
cars; hogs, $4,000 head.
Range of Quotations
The leading futures ranged as follows: