The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-30

CHICAGO, April 2s.-In the face of az
ceHent weather for all kinds of farm work
majority of wheat traders TODAY re-
NAMED buIlish on the crop situation
ouylng orders being of sufficient ouanti-
10 cause net advance of Il 6Ssc in
the July option Corn shows a loss of
&c oats are up &c. Provisions are
down 1212 420c.
Ih1uenced by the exceedingly favorable
%eather' wheat opened a triffe easier.
Ivy beng en- e a Ac to Il 0ssc at S4L a
of1eC- T or the first half hour there was
tipI.Si ie selling by pit traders due to
tne improved weather conditions and to
the unresponSive tone Of cables the Liy-
erpo0I gram market showing only a very
small gain IN the face of the decided adj
vance mere yesterday. AS result prices
6aSed on little, July touching S41sc
Inc greater number of traders, however
were publish, and an improved demand
soon manifested itself Much inDOrrance
was attached TO a private crop renoTt is
S4eQ To-Day. According to this authority
adVlceS from sufficient number of wheat
countieS 10 De indicative of the general
SITUATION show that the average condition
OF winter wheat is lower than indicated
by the April figures. Wheat prospects in
ONO, Michigan and Indiana are said TO
pc much below former estimates. In
some parts of the Ohio valley the crop it
Is cOntended, Is practically a failure In
spite OF generally favOrabl weather the
condlIlon OF wheat in Illinois, Missouri
z
than month ago. In addition to the
publish crop news, cash wheat was in
urgent demand, and the strength of that
article was a material help to speculative
prices. Shorts were active buyers of the
May delivery, advancing the price of that
opllOn ABOUT 112c- July, In the mean
time, sold up to S53sc. The market held
strong until the last half hour when a
reaction occurred on profit taking A
firm tone prevailed at the close. Final
ngures on July were at SIZE. May ranged
between 885sc and soc, closing at SO &c.
CIeaFanceS OF wheat and flour were equal
70 49,, 400 bushels. Export Of wheat and
Hour for the week. according to Brad
streets, Were equal to 100000 bu. Pri-
mary receipts were 1872 100 blu, compared
with POI, 500 bu a year ago. Minneapolis.
Duluth and Chicago reported receipts of
so cars, against 81 cars last week and
IS5 cars year ago
Corn Has a Loss.
Fine weather started the corn market
rather easier The strength in wheat
however, had a cOunterba Ianciug effect
the market becoming frmer on a mod
crate demand. The feature Of trading
during the latter part OF the session was
the heavy selling by large holder. Tn
der this liquidation all the earlier gain
was lost, the close being barely steady.
July opened Is a Ac lower, at 1885 q 4S1zc,
sold between 1880 and 49c, and closed
at 4S12c. May closed at 1850. Local re-
ceipts were 161 cars, with so Of con-
tract grade.
Sentiment in the oats pit was very bull
ish on the cash situation and unfavOTa-
bic crop advices, Notwithstanding the ex-
cellent weather conditions There was re
neWed purchases today by the bull lead
ers and also good commission house de-
mand. In sympathy with other grains. a
reaction occurred late in the session, much
of the early gain being lost. The market
closed firm. July opened sc lower to &c
higher at 384s G39A. ranged between
3S9gc and 395sc. closing at 391sc. Local
reCeIDtS were so cars.
Liquidation due TO a bearish hog mar
ket was responsible for lower prices
throughout the provision list. The pTin-
cipal buying was Of packers. The mar
ket closed weak at the low point Final
Sf2,05. Lard was down 1215 d15c. at
S67219 CTS, and ribs 15c, at $6.45.
Range of Quotations.
The leading futures ranged as follows: