The Saint Paul globe., 1900-05-15
GRAIN MARKET WIS QJET
WHEAT, HELPED BY STRONG Ca
BLEs AND OTHER INFLUENCES,
SHOWED GAINS
CLOSING OF MARKET STRONG
Corn IA Meek and LOvviy Follower OF
Wheat, Little Activity in the
Conrser Grains Being
shown.
CLOSING OF MARKET STRONG

CHICAGO, May 1.-THE grain and pro
visions market We're all quiet tcdaY.
Wheat helped by firm cables, dry weather
in the Northwest, crop damage reports
and a decrease in the visible was strong
and closed lease over Saturday for July.
July corn closed unchanged and July oa S
ho improved. Provisions 1t the clio. e
were a trife better.
Wheat gave evidence of a firmer tone
at the outset, opening shade up for July
at &@651sc. and advancing shortly aft
erwards to G6Q661sc Around 66c, the Of
feringS which had been small under that
! figure became more free, and the price
/ dropped back TO 65Ac. At this stage of
the trade, the news of influence consisted
of higher cables, reports Of backward
crops in Germany and France, and frost
in Austria, together with domestic ad-
vices of ny in Illinois, chinch bugs In
Kansas andu dry weather In the North
west The reports of bugs came in from
different sections during the whole ses-
| sion and were strong influence in de-
termining the course of the market.
The decrease in the visible of 220i, $50
bu, announced later in the session was
also factor. In the advance in the price
of wheat and when July again touched
Sec. holders Still ciung to their lines ana
the market continued on It's U)Ward
course, touching $3.50. The close was
strong. July 12@5sc over Saturday at G6A
@662sc.
Worlds shipments for the week de-
creased 1,617,C COO bu, while the amount en-
ocean passage loomed up 10000 bu
greater IMAM the previous weeks. nus
sian shipments fell off 100000 bu Pri-
mary receipts were 52S, Geo bu, compared
with 10000 bu last year. Minneapolis and
Duluth reported S2S cars, against 354 last
week and 342 a year ago. Local receipts
were 81 cars, two of contract grade. At
lantic port ciearances in wheat and flour
were equal to 625,0C0 bu New York re-
| ported nine loads taken for export.
Corn was meek and lowly follower of
! wheat. travelling a narrow path and eX-
| citing little interest. Cables were lower
and were reflected here at the opening
by a shade reduction in July from Satur-
days final figures, but receipts were light
and country offerings small. The snip
! ping demand was fiat, shippers aVerring
| demand to the front. There was some
! further selling which looked like the tail
| end of some long line, but there was not
much of 1t. Crop reports and the Gather
Were favorable. but the wheat strength
| acted against these and other bearish
news with sufficient vigor TO prevent any
| loss in price. Receipts here were 16l ca s.
July sold between 367Ac and S7ss@3715c,
/ closing unchanged at 3714c.
| Trade in cats was mostly local and fur
| nished nothing of interest or Importance.
| Corn was the influence. July sold be-
! tween 21AQ22c, closing sc over Saturday
/ at pc. Receipts here were 153 cars.
! The provisions market was quiet but
! strong all day. helped by higher prices for
hogs and a good demand FOR lard and ribs
! from packers. July pork ranged between
/ $11.5712 and $1L6712, closing SC over Satur-
! day at $ll.6213: July lard closed a shade
/ UP at $6.Si12M6.90 and July ribs at 2I2c i'm
/ provement a $6.57l2G6.60.
! Estimates tomorrow: Wheat. 81 cars;
| corn, 315 cars; cats, 250 cars; hogs, 24O .
/ head.
The leading futures ranged a follows.