The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-14

CHICAGO. March 12.-Improved de-
mand Tor flour in the Northwest, togeth-
strong wheat market today. Compared
with last night, the May delivery closed
1sc higher. July was up Il @7c. May corn
showed a gain of 10D11c, oats y a Csc and
provisions 71sc tn soc.
The unresponsive character Of the Liv-
erpooa Cables mad depressing effect on
the wheat market during the first hour.
The English market failed to reflect the
strength shown in Chicago yesterday. and
as result opening quotations here were
easier, May being u 1ac lower at 951Ac
70 ss4c; July was, Nc to ase lower at
equal Importance was the probability of
relief from drought in Kansas and Okla
homa. The weather bureau predicted rain
or snow throughout the West and South
west Under these influences there was
quite general selling early in the day.
May declined to $780, while July was car
ried down to $3.50. Some information re-
ceived from the Northwest at this juno
ture made traders forget about rain and
caused sufficient buying to advance
prices above e. yesterda az ao closing ha, figures
ported from Minneapolis, and 100000 bu
of wheat were reported taken at Du
futh. The figures indicated a revived de-
mand for flour and a better inquiry for
wheat for export purposes.
A sharp rally in corn proved a bull fac
tor in wheat, starting shorts to cover. A
dispatch dis; from Odessa claimed consider
the condition Of the growing crop. The
market held strong during the last half
hour, the close being at the top, with
May at 96hc. Final figures on July were
at 913s @911ac.
Clearances of wheat and flour were
equa! to $4,000 blu. Primary receipts We're
$4,000 bu, compared with 1863, 600 bu a
year ago. Minneapolis, Duluth and Chi
cago reported receipts of 800 cars.
against 344 cars last week and 81 cars a
year ago.
Corn Down and Up.
An easier tone was displayed in the
corn market early in the day, owing to
lower cables and the weakness in wheat.
1t soon became apparent, however, that
some of the bull leaders were giving the
market active support. On liberal pur-
mission houses, May delivery became
congested, the price rising rapidly. There
was also good demand for the July OPP
ton. Unfavorable weather which will
retard the free movement of the crop,
was the principal bull factor. The demand
continued good the last part of the session
and the market held strong until the
close. May opened a shade higher to W
sc lower at 52A to 53Ic After selling
between 52a4 C and 5414c the close was at
"a sc. July ranged between 509sc and
51a4c, and closed with a gain of ~ at
51%c. Local receipts were 14S cars, one
of contract grade.
Absence of any selling pressure from
the leading long and a fair demand from
IsSnOrIS contributed TO cause IunlleSS III
oats. Prices, however, showed only slight
gains, the light volume of trading being
against any decided change in values.
The strength in wheat and corn was
bull factor The market closed steady.
May opened unchanged to 1sc lower at
Ale to 411sc. After ranging between 401sc
and 411sc the close was at 4lssc. July
closed &c higher at 1880, after selling
between 3S7sc and 391ac- Local receipts
were 141 cars.
Provisions made modest gains on a light
trade There was firm opening in SYM
pathy with a better tone in hogs, but the
market soon eased a trife on selling by
pit traders A rally occurred later, due
to the strength in corn. There was a
good demand for May pork and that com
modify closed 2711 @3oc higher at S14 Is.
May lard was up 71ae at s7.371s and ribs
Toe at ST. 5. Estimated receipts for Mon
day: Wheat, 20 cars; corn, 255 cars; oats,
220 cars; hogs, "A, 900 head
Range of Quotations.
The leading futures ranged as follows: