The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-06-02
SUMMARY OF THE DAYS TRANSACTIONS NTHE MARKETS
WHEAT RULES STRONG
STOCKS DECREASE LARGELY AND
TOO MUCH RAIN FALLS
Market IL Well Supported From the start
Northwestern Conditions Are BuIiish-
July Gains Nearly TWO cents--corn and
Oats Also Up.

CHICAGO, June IA big decrease in
the worlds available stocks caused much
in Kansas aiaed July closed fE@iNc
aoeHe yesterdays final figures Corn
SHOWS gain OF Iac. Oats are up Y C.
PROVISIONS are off TIC to 171ke.
From the start wheat exhibited d strong
uncertene. AT the opening the strength
was due chiefly to reports OF additional
rains 10 Kansas and other sections of the
Southwest, the fear being quite general
tnat the growing crop is receiving too
mulch moisture. Initial sales on July
We're 1se lower to 14c higher. at $40
IN the Southwest Intensified the general
desire to buy wheat. AS a result the mar
ket received excellent support. Decided
strength in corn was a further aid in
creating the urgent demand that charac-
terized trading. News from the North
west was bnliish, advices from Mime
ap Apo stating that the flour situation
made that mills there are in better shape
now than they have been In long time.
owing partly to concessions in freight
rates granted by the railroads. thus faciI-
ltaflng shipments to the East The de-
mand for flour also was reported more
active During the latter part OF the
session decrease of $500, 600 bushels in
the worlds visible supply, as shown by
BradStreetS. impaired fresh Zest to the
buying movement. Shorts covered freely
western houses. The market closed with
prices almost at the top notch After
selling up to 81 &c. July closed at S7Ac
Glearances of wheat and -four were
equal to 81, 400 bushels Primary re-
ceipts Were 351, 600 bushels. against 24S,-
zoe a year ago. Minneapolis and Duluth
129 cars last week and 26S cars a year
ago.
Corn Market Is Broad.
Reports Of poor termination Of the new
~ planted crop. in addition to an ex-
tremely bullish government report, caused
S,DI-
of nearly cents were made. Predictions
OF more rain helped to increase the de-
mand. Shorts were active buyers and
there was also a good demand from
was the urgent demand from one of the
leading commission houses. On the adj
but the offerings were readily absorbed.
The market withstood the heavy selling
pressure, closing at the high point of the
6 gay; July z opened UNCHANGED to Acc
closed at the top. Local receipts were
S94 cars, with 113 of contract grade
Oats We're strong in sympathy with
other grains, notwithstanding heavy re-
celptS and beariSh weekly government
report. Trade was on a larger scale than
OF late with large percentage of buying
shade higher at 3SAc. advanced to 391zc
and closed at 93s@394kc. Local receipts
were 267 cars. >
Provisions were weak. owing to selling
by those who desired to take profits re-
sulting from yesterdays advance These
offerings met with an Indifferent demand,
ing the desire to buy. At the close July
pork was down. 15@17hc. at $11574k.
July lard and ribs were each off 75Rc,
closing at Sc: 521s@ .671z respectively.
Estimated receipts for tomorrow: Wheat,
cars; corn, 323 cars; oats. "a cars; hogs,
Sc, Q09 head. s. 80
Range OF Quotations.
The leading futures ranged as follows: