The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-15
WHEAT RISESSOME MORE
MARKET RULES QUIET, WITH
TRADING MAINLY LOCAL
Good Demand From Shorts at the Start
and Prices Are Strong-Bearish De-
Velopments Cause Nervousness =
Corn and Oats Are Also Higher.

CHICAGO, April 14.-There was only
moderate trade in grain and provis-
ions today, but prices were strong, May
wheat closing / 1-Sc higher, with July
5-Sc higher. May corn was up 12c
and oats We're 3-4c better. May pro-
visions closed unchanged TO 15c higher.
Wheat ruled rather quiet, with trad
ing mainly local. Opening prices were
strong on reports of unfavorable
weather, frosts being reported in Kan
sas. together with bulliSh advices from
Paris and decreased stocks. There was
good demand from shorts at the start
and after opening Use to 3-Sc higher at
% 5-Sc to as 7-8c, May advanced to
10 1-Sc. The continued open selling of
July by Armour interests had a bearish
effect on traders, although it was ru-
mored that brokers were buying for
Inc same house, and as a result of the
uncertainty surrounding these deals the
market was quite nervous the greater
part of the day. The entire selling of
July by the leading long was estimated
at nearly 2.000, 900 bu. Toward the end
of the session a good general demand
set IN which advanced prices TO the top
notch of the day and the close was
near the highest figures. May being / "a
l Lie higher at IS 1-2m76 5-Sc, after
selling up to IS 3-4c. July sold up TO
41@71 1-Sc and closed 5-Sc higher at
Tic
Clearances of wheat and -four were
equal to ,00o bu. Primary receipts
were 10000 blu, against 100000 blu.
Bradstreets worlds visible showed a
decrease for the week of 400 900 blu.
Minneapolis and Duluth reported re-
ceipts of II cars, which, with local re-
ceiptS of 81 cars, none of contract
grade, made total receipts for the three
points of 10S cars, against rs cars last
week and 1874 cars a wear ago
Strength in Corn,
Corn ruled strong. with wet weather
the bull influence. conditions being I'M
favorable both for planting and the
movement. There was active covering
In May shorts and commission houses
We're good buyers of the July delivery.
Trading was quite active early in the
day. but later the market became quiet,
put the early strength was we'll main
tanned, May closing LIE higher at
AZ sc, after selling between 43 Lee
and 44c. Local receipts We're 122 cars,
with none of contract grade.
The wet weather was a bull factor in
oats, as was the strength in other
grains and A strong sentiment prevail
ed. Commission houses were good buy
erS early and shorts did considerable
covering throughout the day. The scar
city of offerings late in the day was a
feature Ihe close was strong, with
May Sac higher at 33 3-8c. after rang
ing between % 34c and SO lie. Local
receipts were las cars.
Provisions We're dull, but the marke ct
was strong on a good demand for pork
and ribs by brokers. A Arm hog mar
ket. with light receipts, was an early
strengthening influence. May pork
closed l5c higher at $18; May lard was
unchanged at $500. and ribs were a
shade higher a. $500
The estimated receipts for tomorrow
are Wheat, 10 cars; corn, 90 cars;
oats, 80 cars, and "a, 900 head of hogs
Range of Quotations.
The leading futures ranged as follows: