The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-09
DECIDED RISE IN WHEAT
ARMOUR BUYS MAY ACTIVELY
AND DELIVERS JULY
He Takes From Two to Four Million
Busheis-Stronq Opening and Grad
ual Advance All Day-Corn Higher
and Oats Lower

CHICAGO. April S.-There was
decidedly bullish sentiment in the
wheat pit today. and the close showed
was up LIE, but oats were 1-Sc lower.
Provisions were strong and the May
products closed unchanged to zoe high
er.
Active buying of May and July de-
liVeries by Armour was the feature in
the wheat market. and it was esti
mated that anywhere from 100000 to
100000 were taken by that concern
during the day. The opening prices
were strong on higher cables. the ad-
vance abroad being due largely to the
confirmation of the reports of damage
TO the Russian crop. and May was IA
Q3-Sc, to 3-S@1-2, higher. at "A 1-S@
a Lac. After selling at T4c. there
was gradual advance throughout the
day and the influence of the heavy
buying by the leading long. together
with good export demand for wheat
and flour. A change in Bradstreets
worlds visible supply figures from a
decrease OF nearly 100000 to an in
crease of 100000 bu had little effect
on the market, as did liquidation by
longs, but the reactions were only tenn.
porary, the market at no time showing
weakness. Near the close March sold
up to 20 lac, and final figures were
l Use higher. at IS 1-8075 Lie. July
closed with an advance of l 1-SS. at
II 1-4m11 3-Se. after selling between
40 Lie and II 3-Sc
Clearances of wheat and flour We're
equal to 141,00O blu. Primary receipts
were $500 bu. against $4,000 bu a
year ago. Minneapolis and Duluth re-
ported receipts of 1872 cars. which, with
local receipts of 81 cars. of contract
grade-made total receipts for the
three points of 199 ears. against 210
cars last week and 81 cars a year ago.
Corn Trade Moderate.
There was q moderate trade in corn.
and the market was firm. Influenced
mainly by the strength in wheat and
by the opening up of lake traffic. Be
HeviHg that the lifting of the embargo
on shipments by water would have the
effect of stimulating a cash demand
from the East and consequently result
in reduction in local stocks, shorts
became uneasy and covered freely ear
ly in the season. The selling was
largely by provision interests. The
closing prices were strong. with May
1-2c higher at 43 lac, after selling
between ~ 3-4c and 43 1-4@43 3-Sc.
Local receipts were 226 cars, with none
of contract grade.
Oats were dull in spite of the better
tone III the cash market, ana although
the early sentiment was firm on tho
strength in wheat, the market later
became easier under general commits
sion house selling. Favorable weather
was also a depressing influence. After
ranging between 33c and SO 5-Sc, May
closed Use lower at SO 1-4c. Local
receipts were 169 cars.
Trading in provisions was dull. and
the market lacked any features. The
advance of sc in the price of hogs
was an early bull factor. and the
strength in wheat and corn was a help
later in the day. The close was strong
with May pork zoe higher, at $3.50;
May lard was up 1-2c. at 1885, and
ribs were unchanged, at 1910.
The estimated receipts for tomorrow
are: Wheat, so cars: corn, $50 cars
oats, 21O cars. and $4,000 head of hogs.
Range of Quotations.
The leading futures ranged as follows: