The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-25

CHICAGO, March 24.--Stared in the
face by cold wave scheduled for Kan
sas, Nebraska and surrounding territory
short sellers of wheat scrambled to cover
today, causing prices to make net adj
vance of t14c. Corn closed &c up. Oats
are down "a shade. Provisions show
gain of 5@10c.
Even before the prediction of the cold
wave the wheat pit was quite generally
bullish on receipt of continued complaints
from many sections regarding the I'M
promising appearance of the growing
crop. Spurred on by firm Liverpool ca
bles there was an active general demand
at the start. Initial quotations on July
We're 1sc lower to- 14e higher, at S55s q S6c.
Influenced by the, poor crop prospects
shorts covered quite freely early in the
session. AS offerings were light prices
steadily advanced. While quotations were
climbing upward the weather bureau pre-
dicted cold wave throughout the west
and Southwest. This announcement in
stilied greater energy into the buying
movement, considerable damage being
feared from the sudden change of tenn
perature in the winter wheat belt. Later .l
in the day an urgent demand for cash
wheat became an important factor IN
speculative trading report from st;
Louis stated that $4,000 bu of. No. red
another report from Minneapolis claimed
sales of a lot of cash wheat at Duluth
to, go to Eastern millers. At S73ac for
July there was considerable proht. TAX
ton from the high point. The demand
however, continued good throughout the
day and the close was strong, with July
at Sc May closed at 94c, after ranging
between 92c and 943sc.
Clearances of wheat and flour were
equal to 124,300 bu. Primary receipts were
416,406 bu, against 362,600 bu year ago;
Minneapolis, Duluth and Chicago reported
receipts of 81 cars, against 290 cars last
week and 266 cars a year ago.
Corn Likewise Closes Up.
With the help of strength in wheat
the corn market resisted the efforts of
the bears to break prices. Some weak
ness was manifested early owing to quite
general selling by the pit. crowd, prices
declining under yesterdays closing fig-
ures. There was good support, how
ever, from commission houses and sew
eral of the bull leaders, which resulted
quent rally. in~prices.. Receipts We're small
and the weather still unfavorable for the
movement. The close was firm and near
the high point of the day. July opened
to 491se, sold between 1870 and 1880,
and closed at 1919 @495sc. May closed at
52ssc. Local receipts, were 1873 ears, with
10 of contract grade.
oats acted rather heavy, despite the
advance in wheat, although there was a
disposition among shorts to cover on the
declines. Many of the leading commits
sion houses were on the selling side OF
buying The close was steady, with May
at 3SA @3SBc. July opened unchanged
to nc lower at 371a@375sc, ranged be
375sc. Local receipts were t23 cars.
: Provisions held firm throughout the en-
tire session under the influence of small
receipts of hogs and higher prices at the
mand for all products, but offerings were
only moderate. The market closed firm
with July pork up 719@10c, at $l3. 200
L.. 221a.. July lard was up &c, at 81. l0, and
ribs 71a@10e, at $6.9T1. OF. ~
Range of Quotations.
The leading futures ranged as follows: