The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-15

CHICAGO, April 14-PossibIe decreased
acreage in the Northwest and renewed
damage reports from the Southwest were
leading factors in the wheat market to-
day. AT the close July wheat showed a
gain of &c over last nights final figures.
Corn also is up &c. Oats advanced Is a
Ne. Provisions closed a shade higher to
212c lower.
Heavy snow in many sections of the
Northwest increased apprehension among
wheat traders regarding spring seeding. A
decided decrease In acreage was consid-
cred possible. The opening was some
what -erratic, July being "A q sc lower to
$50 &c higher at S7@S715c. Commission
houses had considerable buying orders on
the small receipts. both at Chicago and
In the Northwest. In view of the bull
ish character of crop news, offerings were
quite small and in consequence the mar
ket became firm. There was good buy
ing by the Southwest, and the market
at Kansas City and st. Louis was strong.
Crop damage reports were in abundance
from all over the winter wheat country.
A member OF Chicago commission house
now examining conditions in Kansas tele-
graphed that west of a north and south
line drawn through Hutchinson, Kan.
was hopelessly lost. With such news
to encourage buying, prices readily ad-
vanced. July ranying to S8Bc. Later in
the day an estimated increase in ship
ments from Argentina caused sufficient
selling to carry prices down about half a
cent from the high point. Nevertheless
the market showed no signs Of weakness,
the close being firm. with July at S75s a
S7%c. May ranged between 933sc and
941sc. and closed at 93hc.
Clearances of wheat and flour were equal
to $1,000 bushels. Primary receipts were
315, 100 bushels against IT, 500 bushels a
year ago. Minneapolis, Duluth and Chi
caSo reported receipts of 1877 cars, against
302 last week and 125 a year ago.
Corn Is Firm.
On account of small local receipts the
corn market had a strong start, and the
initial f1rmnesS was we'll maintained
throughout the day. The market showed
tendency to follow the upward trend of
wheat prices. An advance of 1Ac to 11Ac
In the price of best grades of cash corn
also helped support speculative trading
The leading bull was moderate buyer Of
May but commission houses were report
ed as having sold July for the account
higher at 505s @50%c, sold between 501a q
lRc. and closed at 50%c. May closed
at 5312c. after ranging between 5214 c and
53%c. Local receipts were 40 cars Is of
contract grade.
Oats ruled firm on reports of delayed
seeding and on small local receipts. An
additional bull factor. Elevator interests
were the principal buyers and the selling
was largely by scalpers. After opening
unchanged to - higher at 375s M37% c,
July sold between 373s @371ac and CSC,
and closed at 37$4 @37Bc. Local receipts
were 81 cars.
moderate receipts of hogs with steady
prices at the yards caused a firm tone in
provisions early in the session. There
was a fair demand for all products and
offerings were light. Later there was
some pressure to sell. which resulted in
a weaker tone. Absence of outside sup
port was bear factor. The market clos
ed steady. with July pork unchanged at
$12 so; July lard closed up a shade at
SIS 80; ribs were down 212c at Sc .571A.
Range of Quotations.
The leading futures ranged as follows:
Open. High Low Close