The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-12
SUMMARY OF THE DAYS TRANSACTIONS IN THE MARKETS
ONLY WHEAT is HIGHER
CORN, OATS AND PROVISIONS HAVE
A DECLINE
Scare Reports of Damage in the South
After Decidedly searIsh Opening.

CHICAGO. April 11.-Alarming reports
OF damage to the growing grain in the
southwest caused firmnesS in the wheat
pit. Compared with Saturdays close final
hgures today are "a higher on July Corn
and oats are each down nc and provisions
712c to 22hc.
Sentiment in wheat at the opening was
Dearlsh owing to number Of elements in
the general situation. Among the factors
were liberal worlds shipments a consid-
cradle increase in the amount on passage,
warmer weather and lower Liverpool ca
bIes. In spite of the bear factors, how
ever, initial quotations showed only slight
losses from Saturdays final figures, July
Delng shade higher to Il C lower at ssh a
$3.50 to $3.50. Uncertainty as to the char
acter of the government crop report issued
later In the day restricted trading to a
considerable extent and was perhaps the
main influence early in the supporting the
market. Toward the end of the first hour
hrmer feeling developed. The change
was Que largely to precautionary covering
OF early sales, the reason being fear of a
possible disappointment to bears from Of
hclal figures On the condition of the crop
+ rom 80 Ac July advanced to 87087hc
reports by a prominent trader who had
just returned from trim through the
southwest had perhaps most to do with
the improved sentiment manifested during
the latter part of the session. According
10 that authority wheat losses in Oklaho-
ma, Kansas and Nebraska were much
more serious than the majority of traders
TeaIlzed; There was a good commission
though prices did not hold at the high
point the market closed firm with July at
6634 @86Bc. May ranged between 93c and
941c and closed at $3.50.
ClearanceS of wheat and flour were
equal to 288,S00 bushels. Primary receipts
were 415,2OO bushels, against 900 bush
els year ago: The amount on passage in
creased 1,192, 900 bushels and the visible
supply decreased SAT, 900 bushels Mime
apolis. Duluth and Chicago reported re-
ported receipts of 335 cars, compared with
4l3 cars last week and BAL cars a year
ago.
Liquidation In Corn.
The feature in trading in corn was
heavy liquidation of May and a conse-
quent decline of 12c in the price of that
delivery. The market opened firm, in
nuenced by higher cables. Soon after the
opening number of longs began to sell
May and as a result prices started down.
ward. Stop-loss orders came out on the
decline, causing additional weakness.
After May had dropped from 5315c to Sc
the market received support from a big
bull interest, which resulted in a .firmer
tone. Instant deliveries were influenced
by the action Of May. July opened a
to 81 Ac, sold between 50%c and $3.50 and
closed at 50Hc. May closed at 52Hc. Lo-
cal receipts were 136 cars, with % of con-
tract grade..~
Trading in oats was light and the mar
ket held steady throughout the entire day
Improvement in weather conditions was
the principal FACTOR ana created some dis
position to sell on the part of pit traders.
offerings were taken by shorts July
opened sc higher at 37Ac, sold between
371@c and 97Bc and closed at 379sc. Local
receipts were 1913 ears.
"a Provisions We're firm at the start under
the influence of an advance Of 10c in the
price of hogs. The opening f1rmneSs, how
ever, was subsequently lost on realizing
sales: the market being poorly supported
Local packers were the principal purchas-
ers. Inc close was easier with July pork
down 2002213c at $12. As. July lard closed
732c. lower at $6.65 and ribs 1Oc lower at
Sc. 5096.521a.
Range of Quotations.
The leading futures ranged as follows:
Omen | HIGH I LOW | fTinse