The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-13

CHICAGO. March 1a:-Improved de-
mand for -four in the Northwest, togeth-
er with better foreign inquiry, caused
strong wheat market today. Compared
1ac higher. July was up A@Bc May corn
showed gain of 1@1wc, oats II q sc and
PROVISIONS Tie to soc.
The unreSpOnSiye character OF the Liy-
erpool cables mad a 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 A@ nc lower at 951sc
to 95Ac. July was &c to 5sc lower at
soc to 90ssc Another factor of almost
relief from drought in Kansas and Okla
hona. The weather bureau predicted rain
Or snow throughout the West and South
west. Under these influences there was
May declined to CSC, while. July was car
ried down to $3.50. Some information re-
ceiyed from the Northwest at this juno
ture made traders forget about rain and
caused sufficient buying to advance
prices above yesterdays closing figures.
Large sales of fiour-50 900 bbls-were re-
ported from Minneapolis, and 100000 bu
of wheat were reported taken at Du-
luth. The figures indicated revived de-
mand for flour and better inquiry for
wheat for export purposes.
A sharp rally in corn proved bull fac
tor in wheat, starting shorts to cover. A
dispatch from Odessa claimed consider
able anxiety is being felt in regard to
the condition Of the growing crop. The
hour, the close being at the top, with
at e1ss @9fHc.
Clearances of wheat and flour were
464, 600 bu, compared with $4,000 bn a
year ago. Minneapolis, Duluth and Chi
cago reported receipts of 300 cars,
against 344 cars last week and 81 cars
year ago.
Corn Down and Up.
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
chases of May by several prominent COM
mission houses. May delivery became
congested, the price rising rapidly. There
was also good demand for the July OPP
ton. Unfayorable 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 shade higher to 40
&c lower at 52A to 53bc. After selling
between 52Ac and 54Ac the close was at
554Sc. July ranged between Sossc and
51%c. Local receipts were 148 cars, one
of contract grade.
Absence of any selling pressure from
The leading long ana n Id1r deIndIiu from
SHORTS contributed to cause firmness in
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 a
bull factor. The market closed steady
May opened unchanged to 1sc lower at
Ale to 41Hc. After ranging between 407sc
and 41hc the close was at 413sc. July
closed NC higher at $3.50. after selling
between sS7sc and 3s1ac. Local receipts
were 141 cars.
Provisions made modest gains on light
trade. There was firm opening sin SYM
pathy with better tone in hogs, but the
market soon eased a trifle 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 @30c higher at s14 25.
May lard was up 711ac at s7.37h and ribs
10c at 81 35. Estimated receipts for Mon
day. Wheat 20 cars; corn, 255 cars; oats.
220- cars; hogs, 1900 head.
Range. of Quotations.
The leading futures ranged as follows:
ODen. High. Low. Close.