Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-07
FINANCE AND TRADE IN
MARKETS OF THE WORLD


CHICAGO June 6.-Favorable condi,
tons for the development Of the new crop
caused a sharp decline today in the local
wheat market. At the clos, July wheat
was Ba1c lower. corn and oats were each
off nc Provisions were unchanged.
The wheat market opened weak because
Of the generally favorable weather condi-
tions. and after a brief rally. brought
declined again and continued weak until
the close. The weather reports showed
general and heavy rains in the Canadian
northwest. moderate rainfall with high
temperature in the spring wheat states
in this country. and little or no rain in the
harvesting sections. This was considered
as being ideal on all sides for the grow
inE crops. The holiday season In Eng
land and in the continental markets Mon
day. 1t was believed. would further
weaken the export demand. Lower prices
In Argentina and in various MARKETS on
the continent of Europe formed another
depressing influence. The market closed
weak July opened lsaAc to Aaasc lower
and closed at 81. Primary receipts were
81. 600 bushels against 424,NO bushels on
the same day last year. Clearances of
wheat and -four were equal to 4l3,OoO
bushels Minneapolis, Duluth and Chi
cago reported receipts of 40 cars against
a holiday last week and 207 cars year
ago.
The corn market was irregular. The
general range. however, followed tnat OF
the wheat market. An easy opening
which resulted in slight rally. The de-
cline in wheat and attempts of early
buyers to resell brought about a second
decline. which continued until the close.
which was weak. The lack of demand In
the cash corn market was a bea 'sh fac
tor. July opened unchanged to hc lower
at 6712 to 67s4. sold between 67Aa87as and
6SE. and closed at 671. Local receipts
were 25D cars with 10 of contract grade.
The oats market followed wheat and
fairly we'll supported on the soft spots.
Commission houses were free sellers of
July old. July opened unchanged at 453ss,
sold between ~ and 4;5s and closed at
lola. Local receipts were 1O7 cars.
The provisions market was dull all day.
The market was inclined to be steady i'm
mediately after the opening but the weak
ness in grain wiped out the bulge and
July PORK. lard and ribs all closed un-
changed. pork being at 1367h lard at
S.521s and ribs at 1.45.
Estimated receipts for Monday: Wheat.
~ cars; corn. 27U cars; oats, III cars:
hogs. $4,000 head.
ST LOUIS. June a.-wheat-No. red
cash. 9eal.oo: No. hard. 95a1 o.; July.
SAN as4ss: September, S'la.
Corn-No. , cash. 74a741i: July. 87As;
September. GAS; No. = white, 171sa7S.
Oats-No. cash, 53ao31a; SEPTEMBER,
sc; No. white. IS.
MINNEAPOLIS. June 6-Close: Wheat
No. l hard. 1.1Oie. No. northern,
/ .NS1a; No northern, l.OB1s; No 8 north
ern. 1.01a1.O5; July, 1.Hh; September.
ssh.
Flour-First patents. 5.4Ja5.6O: second
patents. 5.30a5. ~; first clears. 4.25a4.35;
second clears. 3.53a3.65.
Bran in bulk. 19.I0a9OOO.
MILWAUKEE, Wis, June 6.-Wheat-
No. l northern. 1.10al.l1. No. northern.
1Osal.v.; July, 81.
Rye-No. /, 7914asO
Barey-No. ,. ,.,; sample. 50a62.
Corn-No ) cash, 71a711a; July. 671 bid.
DULUTH. Mimi. June 6.-Wheat-No.
l hard. 1.O9A No. l northern. lO7L; No.
= northern, l.OaA; July. Log: September,
81.