The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-19
WHEAT STILL BULLISH
PRICES ADVANCE AFTER AN IN.
DIFFERENT OPENING
Market Receives Support From Ar.
mour, Outside Markets Are Strong,
Shorts Cover Freely and Commission
Houses Buy Literally.

CHICAGO, April 1S.-There was a
continuation of the bullish sentiment in
wheat today and closing prices were
strong, May being lac higher and
July 3-S@1-2c higher. May corn closed
at a gain of 1-4@3-8c, with oats $50
Sac higher. Provisions were strong,
the July products closing with an adj
vance of from z 1-2@10c to 20@22 1-2c.
Opening prices in wheat were barely
steady, due to a moderate selling
movement by local traders on the IA
Vorable weather conditions and to the
indifferent cables. May was down Is
@l-4c to 1-4@3-Sc at II lac to II 3-8c.
and July was unchanged to 1-S@1-4c
higher at II 7-S@72c to ~ 1-Sc. The
market received some support from the
armour interests early in the session.
ana with foreign sentiment bullish,
with strong outside markets, shorts be-
gan TO cover freely, while commission
houses also bought literally. Under
these conditions prices gradually ad-
Eanced, May selling up to 7Sc and
July to Y 1-2c. Late in the day thlre
was slight reaction on liquidation.
put closing prices were strong, May
pelng lac higher at II 3-4@77 7-8c,
and July UP 3-S@1-2c at 70 3-Yc.
Cleafances of wheat and flour were
equal TO 432. 900 blu. Primary receipts
we're 29I,3OO blu, against 1877 900
Du year ago. Minneapolis and Du-
Iuth reported receipts of 165 cars.
which, with local receipts of % cars /
OF contract grade, made total receipts
OF 1SO cars. against 342 last week and
14S cars year ago.
Light Business in Corn.
Owing to scarcity of offerings tho
trading in corn was rather light hut
under the influence of the strength in
wheat and oats a firm feeling prevail
co. with good general demand. espe-
c1alIy in the July option. Commission
houses were buyers of July and local
shofts covered May. The cash business
was dull, owing to lack of offerings.
Iout hrm tone prevailed. Closing
prices We're firm, with May 1-4@3-8c
nigher at "A 3-Sc, after selling between
44c and "A lie. July was up 3-2c AFT
"A 9oa@44 3-4c, and ranging between
"A 36c and A 7-Sc. Local receipts
We're small at 55 cars, l of contract
grade. az
Oats displayed exceptional strength
against the SmallnesS of contract SIM
Phes' hight receipts and talk Of reduced
area Tor seeding combining to make
snorlS uneasy and otherwise stimulate
the bullish sentiment Shorts were
Sood buyers of both May and July. and
there was also a good demand from
outsiders: May closed at an advance
ba+O,oo at 90 1-oc, after selling
between 81 LIE and 35 3-8c July was
DOC higher at 81 1-8c. Local receipts
We're 80 cars. %
-, IN a general way the provision mar
ket was more active than it has baaD
Tor some time and a strong undertona
was manifested. An urgent demand for
tbs was the feature in trading, al
tnough shorts covered quite freely in
PORK: The strength in grain was a buII
factor factor The close was strong, with
. St NY pork 20@22 lie higher at
St - S6 % Il. July lard was up 1-2@10c
a. $ 90 IoZ, and ribs were 1Oc higher
Inc estimated receipts for Monday
are: Wheat, 40 cars; corn, 20 cars.
oats 1865 cars. and $4,000 head of hogs
Range of Quotations.
The leading futures ranged &C fo,,o-,,..