Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-21
FINANCE AND TRADE IN
MARKETS OF THE WORLD
THE GRAIN MARKETS.

| CHICAGO, June 20-Ideal weather con-
ditions southwest and northwest were
chiefly responsible for an easy tone In
the local wheat market today, the July de-
| livery showing a net loss of &c. Corn
was down shade at the close. Oats were
1sc higher and provisions were 10a12k I'd
| 171zc lower.
I A selling movement headed by a leading
! long interest exerted pressure on wheat
| values which was irresistible. and the
downward trend of prices was not checked
! until the decline had gone far enough to
| induce moderate support from shorts.
| In addition to marked improvement IN
! harvesting conditions in the southwes.
and fine growing weather northwest the
market was further affected by a Id de-
| cline at Liverpool.
! July started with a loss of 1saL to 1sa
| &c at S6a4 to S71s. sold at S7A, and sold
! Off TO st. The rally that came with the
covering movement brought no semblance
of strength with it and the close was
easy at S61aaS6& for the near option.
Clearances of wheat and flour were equal
to 194.9OO bushels. Primary receipts were
3OeOOO bushels. compared with 1881 900
bushels a year ago. Minneapolis. Duluth
and Chicago reported receipts of 221 cars
| against Ill cars last week and 397 cars a
| year ago.
| There was a quiet but firm market for
corn at the outset. with offerings not at
all urgent. Stocks were regarded as too
small and concentrated to warrant much
activity on the short side. There were a
good many pessimistic reports and a mo J.
crate amount of buying of deferred flu
lures was in evidence. The nearby deliv-
cries showed weakness later on slow ship
| ping demand and lower prices for that
account.
| The weakness in wheat also had the eff
feet of bringing out some long corn from
small holders and that cost the market
the slight gain it had made early. July
opened 1sc lower to Lc higher at 69& to
| 20. firmed up at 20 and declined to 6914
The close was barely steady at 699sa69M
Local receipts were 223 cars, with II of
contract grade.
There was a very fair trade in oats and
the market was active and quite firm. Of
ferings being light, with crop advices from
Illinois containing reports of rust and
short growth. Shipping demand was also
good. September opened nc lower to 1sc
higher at 4514 to Al. and held within that
range, closing firm at ass. Local receipts
were 135 cars.
Provisions were quiet, but scored gains
over the previous closing quotations.
Scalpers evened up their trades for the
week. and there was some buying for
commission houses and investment ac-
counts. This. with light offerings and a
five-cent advance in hogs, resulted in a
betterment throughout the list. Septem-
Der pork closed 171sc higher at 14.72k.
12le higher at S.271aaS.3O.
Estimated receipts for Monday: Wheat.
10 cars; corn. SO cars; oats, 142 cars;
hogs, ii COO head.
ST. LOUIS. June 20.-Wheat: No. red,
cash, 93a96: No = hard, 95a1O1; July,
S4as; September S31eaS35s.
Corn: No. ., cash. 72aT2h; No. 2 white,
7oa761s; July. 69ss; September. 67h.
Oats: No. 2, cash, 81; No. white, So;
September, 37%.
MINNEAPOLIS, June 2o-Close-wheat:
July. 1O3ss; September. sS4s; No. hard,
1O75sa1O77s; No. northern, 1O5xa1O0A:
No. northern. 1O35sa1O37s: No. north
ern. g9ssa1O1R.
Flour: First patent. 5.3Oa5 As: second
patent, 52Ia5.35; first clears. 4.2Oa4.30;
second clears. 3.5Oa3.6O.
Bran in bulk, 1890.
DULUTH. Mimi. June 2O.-Wheat No
1 hard, 1O71s; No. 1 northern, 1O5hs; No. 2
northern, 1OOss; July. 1925; September.
SS7s.
MILWAUKEE. Wis, June 2O.-Wheat:
No. 1 northern. 11Oal11; No. 2 northern.
1Osa1O9; September. S51s.
Rye: No. 1, 7Sa7S14. Barley: No. 2. So;
sample. 5oae5. Corn: No. 3, cash. 71a12;
September, sos.