The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-05-21
JULY OPTION IN EACH CLOSED AT
AN ADVANCE OF 3-S TO
IL CENT.
WAS NO CHANGE IN WHEAT
After Selling at 73 I-4c, Price Re-
Inpsed to az 5-Sc, Saturdays
CONSIDERATIONS &c
to I-2GIOc.
Closing.

CHICAGO. May 20.-Corn and oats ruled
strong today, each closing %s@12c higher
for July delivery, but wheat lost its early
advance and closed unchanged. Provisions
closed 5gtI1Ec to fUc up.
In response to the Liverpool market,
which failed to follow Saturdays ad-
vance on tn side, July wheat opened &c
lower to unchanged at 72l2c TO l29sc. Dur
ing the forenoon, however, the price rose
to 73hc. This was based chiefly on the
purchase OF 900 bushels by a single
firm, although the statistics were suffl-
GENTLY DUlI.Sh to aid materially in en-
HANGING values. Traders who were short
OF July in most cases covered on the
advance. At 13hc the advance was check
ed by the heavy sales on an influential
operator. Shorts by this time were in
more secure position and this operator
succeeded in unloading a small portion Of
his long stock estimated at 100000 BUSH
els at I3c or better. He sold til the price
reached 721zc, and then apr arently hav-
Ing disposed of his burden he stopped and
the market closed steady, JUL Unchanged
at i22sc May exhibited strength at times,
but-buyinS seemed to be side-play for
the purpose Of helping July From var
lous parts Of the spring wheat country
came word Of the need of rain, but Kan
SaS prospects are said to be highly salts
factory. H.le domestic visible decreased
S,623,OOO bushels. Worlds shipments last
week were 100000 bushels, 800 600 bush
els under the previous week. while the
quantity ailoat showed q decrease Of l.
OjS,O00 bushels The decrease in ship
ments was due to a falling off in Russian
exports. Scaboard clearanceS in wheat
and hour were equal to 507 coo bushels,
Wn!le PRIMARY receipts aggregated 5000
bushels, COMPARED with 1910 bushe last
year. Mirncapolis and Duluth reported
toI@i OF 3l6 cars against 305 last week
ara 500 a year ago. Focal receipts were
o. cars, one OF contract grade.
Corn held firm in the face Of very
heavy receipts, because one firm bought
a 4u Ifi! estimated at 100000 bushels
OF july, BEL eyed to be mostly for shorts
May was also in demand by shorts. who
saw NJ 10 secure profits, and as there
was nol much on the market the price
was held Well above Saturdays level
July sold between H1sc and 455sc and clos
sd 9s@12c higher at 44%c. May ranged
between 4552c at the opening and 4sc
and closed at the latter figure 11bc over
the previous close Receipts were 942
cars. 4Sl Of contract grade. Trade was
fairly active
Oats were active and strong on a de-
m5nd from country interests @he1inyod 70
reiicct the backwardness of the ceosoy
! ms class Of buying caused covering bv
loSdi people who were short and the re-
80 was IN advance in prices July SOLD
i3rltWceh A!iGi2SIsc and 29c and closed 3s0
- HSher At 2f@02I7Sc. Offerings at tha
NCp We're liberal but NOT suaicier+ 20
apr eciahly lessen the demand ReceInt9
Were go cars. p's
strength In the price of lard was Tho
I,j, Ire IN speculative raiding in pro-
S1IS;olS. An advance of Pic in the Nav
EdlEery was taken as an indica ion re ~
lHtptoVed cash demand ThS market ,yas
aIS9 helped by the corn strength JuIT,
IL pr CIoseu &c higher at 81 921b JuIy
ard l9c up at $S11Ib. and Jul5 ms lily 10y
improved at S19115GiS 72c
ne estimated receipts for tomorrow
al al. W neat % cars; corn 915 cars: osts
4ey cars; and 22,000 head of hogs, O'''''
~ .c1ulIlG futures ranged as follows.