The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-16
WHEATCOODAND STRONG
DUE TO THE BULLIsH NATURE
OF FOREIGN ADvIcEs
Covering by Shorts One of the Chief
Features of the Market-"The Lead
ing Long" Replenishes His Holdings
Trading in Corn Active.
o. April 15.-Bullish foreign

CHICAGO. April 15.-Bullish foreign
adVices caused strength in wheat to-
day, and May closed 3-4@7-Sc higher,
with July also up 3-4@7-Sc. May corn
was 5-Sc higher and oats 3-S@1-2c
better. Provisions were barely steady,
the May products closing unchanged
to LIE lower.
Wheat ruled active, with covering
by shorts one of the principal features.
Opening prices were strong on higher
cables, and on small receipts May be-
ing 3-SG1-2c to 5-S@3-4c higher at
&c to n Lac, and July Lac to 3-8c
hlSher at II 1-Sc to II 3-Sc. AT the
start the Northwest was inclined to
sell July, and commission houses sold
Doth May and July. which resulted in
a small decline, May selling off to
30 5-4c and July down to Tic. The
ieading long replenished his holdings
at the low figure, and the market
readily responded to the demand and
turned strong again. The higher out
SIDE markets and the buHish foreign
news combined with a good export
demand, gave shorts considerable
cause for alarm, and there was firm
demand from that source throughout
the greater part of the day, and prices
held decidedly strong. After selling uD
10 - lie, May closed 3-40T-Sc high
er at - 3-Sc, while July closed with a
gain OF 3-4G 7-Sc at II 3-4@7-Sc. after
touching T2c.
CIearances of wheat and flour were
equal to 214,S00 bu. Primary receipts
were 240,400 blu, against 253. 200 bu a
year ago. Minneapolis and Duluth re-
ported receipts of 1874 cars, which. with
local receipts of four cars one of con-
tract grade, made total receipts for
the three points of 1873 cars, against
I99 cars last week and IA cars a year
ago.
Plenty Doing in Corn.
Trading in corn was active and the
volume OF business was fairly large.
with covering by shorts the feature
Wet weather present and prospectiye
good cash and commission house de-
mand were the main factors The
strength in wheat was also a factor
later in the day. Closing prices We're
near the top. with May 5-Sc higher at
/ A l-2c, after selling between "A 1-Sc
and "A 5-Sc. Local receipts were 81
cars, none of contract grade.
There was a moderat amount of
| trading in oats. with quite general
commission house business early but
later the market developed into large
ly local affair. There was more pres
sure on May than July, the latter be-
| ing influenced by fears for the new
| M, UNS " TIC ldle SeedlnS.
! Inc strength in wheat and corn was
a supporting feature, as were the small
! receipts. The close was strong. with
! May 1891 lie higher at 80 3-4033 T-Sc,
! after ranging between 331-Sc and
! SO l-Sc Local receipts We're "a cars.
Provisions We're dull and featureless.
and prices had a somewhat easier
| tendency due to the lower hog mar
! ket. Packers showed a disposition to
support the market on all weak SDots
| Closing prices were steady, with May
| pork > lie lower at SIT. 81 1-2 May
| lard was unchanged at 50 80 and ribs
were off 2 -2c at $9.871-2
! The estimated receipts for tomorrow
are: Wheat, 20 cars; corn, So cars
oats, 80 cars, and $1,000 head of hogs.
Range of Quotations.
| The leading futures ranged as Follows: