The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-04
BANKERS AND BROKERS.
IN WHEAT
WORLDS SHIPMENTS DECREASE
AND PRICES GO HIGHER
Strength In Corn and Oats Helps Bolster
Up Wheat-Sentiment Veers Tempo
rariIy to the Bear Side, but Rally
Comes Near the Close.

CHICAGO. April "A large decrease in
worlds shipments helped to cause firm
ness IN wheat today, the close showing
net advance Of Ac. Corn made-a gain Of
21a Q171kc.
Before trading began in the wheat pit
news from across the sea was scant, Ow-
ing to foreign exchanges being closed.
About the only figures of any consequence
We're those of BradStreet's, showing small
worlds Shipments of wheat and -four;
Under the influence of the decreased
movement firm tone prevailed at the
opening. July being up 6@2sc at S7A q
SSc. The market became still stronger
In sympathy with strength in corn and
oats. Shorts who did not care to carry
lines over Sunday covered freely. Prices
responded to the demand and advanced
eaSly, July selling up to S8Ac. Great
prepOnderance of shipments over receipts
OF wheat at st. Louis and Kansas City
was also bull factor. Receipts at the
two points amounted to only 49, 900 bu
and shipments to 1868 600 bu. That feature
Of the situation. combined with the fact
that everywhere throughout the winter
wheat country millers Were paying,
premium on milling grain aided in giving
a strong undertOne to the market. To-
ward the latter part Of the session, how
ever, sentiment temporarily changed to
the bear side. A reaction had occurred
IN coarse grains, which induced consider
able selling Of wheat Private crop re-
ports gave indications of a fair yield, and
this information brought out additional
sales. Under this selling July declined
to $3.50. The market rallied again just
before the close, firm tone being man
ifested. Final figures on July were at
87A @S77ac. May sold between 9594c and
$3.50, closing at 96Ac.
Clearances Of wheat and -four were
equal to 331,700 bu. Primary receipts
year ago. Exports of wheat and -four
for the week, as shown by Bradstreet's,
were :2670O0 bu; Minneapolis, Duluth
and Chicago reported receipts Of 40 cars,
30 a
ago.
Good Gain In Corn.
Sentiment in the corn pit was buIlsh
due to renewed purchases by a big holder.
Small receipts and an Improvement in
cash demand were additional factors.
During the early part of the session Of
ferings were comparatively light, but late
in the day considerable long corn came
out from small traders, causing a recess
sion from the higf point. Offerings were
well taken. however, and the undertone
continued strong. July opened "A a &c
higher at 531Ac, sold between 534 0533sc
and SAC and closed at 53%c. Local re-
ceiptS were 234 cars.
The feature in trading in oats was COW
ering by local shorts. Offerings were not
large and a firm tone prevailed. Small
receipts and an excellent cash demand
were supporting influences. After opening
sc higher at 391zc, July sold between
$3.50 and 40C, closing at 1850. Local
receipts were 1877 cars.
Provisions were strong on an active de-
tndnQ LOT an pIouuctS. Inc interest u
trading centered in pork. there being
heavy buying in that product, credited to
Eastern traders. A small run Of hogs
and an advance of. 10Q15c in prices at
the yards were early bull factors, while
the strength in corn was an influence
later in the day. The market closed
strong, with July pork up 1713c at
$13 521a- July lard closed 215 65c higher
at .$7.1715 G720. Ribs were up 212c at
81 10.
The board win be closed Tuesday
election day.
Range Of Quotations.
The leading futures ranged as follows:
Open. High. Low. Close