The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-05-26
SUMMARY OF TfE DAYS TRANSACTIONS IN THE Markets
WHEAT SACS FURTHER
CABLES ARE LOWER AND CROP
WEATHER PERFECT
Firm Sentiment Prevails During the First
Half Hour oniy-Bearish Reports
Abound-Corn and Oats Both Show
Gain.

CHICAGO. May 25.-Perfect weather
and lower cables caused a weak under
tone in wheat here today. At the finish
July wheat was down 3sm1bc from yes
terday's final quotations Corn is IN 4
visions 5015c.
From the start. growing weather in
America and weakness in foreign mar
kets had depressing influence on wheat
Inc July option opening shade to IA a &c
lower at 86A @86asc During. the first
manifested. the tone of the market be-
ing strengthened by a reported settle
ment OF the grain shovelers' strike at
Buffalo. Small primary receipts in the
Southwest also tended to encourage bull
traders. The demand however, was not
Sufhclent TO cause any considerable adj
vance. the high point on July being
reached at $3.50. Numerous bearish crop
reports We're received from the Southwest
and, being accompanied by selling or
ders from ST. Louis houses the result
was gradual weakening of values. A
feature Of trading was the wide fiuctua
ton Of the May delivery the price Of
that option suddenly jumping from Csc
to 9Sc and then as quickly reacting to
9412c. !nasmuch as the short interest
III that month IS apparently inconsequen-
tlal IN amount. no particular significance
was attached to this sharp advance and
subsequent decline. Transactions in all
deliveries. We're SO light that the market
was easily affected either way. After
selling down to S5&c, July closed at
41ceA iriAS6u U0tWBSH S472C ana SOC
closing at CSC.
Clearances of wheat and flour were
equal to 141,100 bu. Primary receipts
were 195,100 bu compared with 254 800
bu year ago. Minneapolis. Duluth and
Chlcago reported receipts of 129 cars
against 81 cars last week and 1876 cars a
year ago.
Corn Is Firm.
On a fair demand from a large pro-
vision interest a firm tone prevailed in
corn There was some purchasing on a
forecast of frost for Kansas and a belief
that the lake tie-up is near an end
caused considerable covering by shorts
Country offerings of cash corn We're of
moderate proportions. but it was neces-
sary to pay higher prices to secure them.
The market closed near the high point of
the day. July opened 1sc to 5k0A c lower
at 471@c to 471a @475sc. sold up to 48c and
closed at 477sc. Local receipts were 200
cars, with 23 of contract grade
In sympathy with other grains. oats
showed an easier tendency early in the
session, but a fair demand from shorts
soon caused firm undertone The nos
slb1e early settlement of the lake strike. if
accomplished, will release about 1000, 600
bu of oats now held for buyers at lake
ports. had Strengthening influence. After
opening 1sc lower at 374sc July advanced
to 381sc and closed at the top. Local re-
ceipts were 101 cars.
A large run of hogs, with lower prices
at the yards, caused some weakness in
provisions at the start but enormous
shipments of meats brought out a good
demand from shorts and a strong tone
resulted. A feature Of early trading was
buying of july lard by a big packer
The market closed at about the high
point. with July pork UP 15c at $11. Is;
July lard was up sc at Sc 371z, and ribs
We're TIC higher at Sc 4715.
Estimated receipts for tomorrow are:
Wheat cars; corn. 302 cars; oats, 126
cars: hogs. $1,000 head.
The board of trade will be closed Mon
day, May 80. ie-4r .e
Range Of Quotations.
The leading futures ranged as follows: