The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-04-28
SUMMARY OF THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT is YET STRONG
FEARS OF FURTHER DELAY IN SEED.
ING PREVAIL
Only one-Fourth of a Crop Is Exrscted in
ohio and indiana-5rief Reaction Oc-
ours, Then Strength is Re-estabIIshed.

CHICAGO, April 27.-Fears of addition
al al delay to seeding operations in the
caused strength in wheat today. At the
close July wheat showed a net gain of
&c. Corn also advanced 11c. Oats are
up IA I12sc. and provisions so 20c.
A firm feeling prevailed in the wheat
pit at the opening, and prices showed a
SHgnt advance over yesterdays close
July being unchanged to h6He higher.
az 80 4c To 1885 qS314c. At the time SEN
tlment. perhaps, was most affected by the
generally bullish character of the weather
bureau reports issued the previous after
noon and by the great unanimity of pri-
Yate advices from Ohio and Indiana en-
pnaSlZlng the hopeleSSneSS of raising more
than 70 or 80 per cent Of crop of wheat
Cables, however. were disappointing to
the, pulls, only small advance being
registered at Liverpool. Notwithstanding
the sharp advance here yesterday Added
TO this was the official forecast Of warmer
weather for the Southwest These bear
lntuences brought out a number of re-
ailz1ng sales and the market made quick
recession. July declining to S2&4 6S3Tkc
Inc reaction. however, was of short dura-
ton. liberal commission house buying soon
causing rally. Shorts also took advan-
tage or the slump and covered freely
tam was predicted for the Northwest
a district which has already had too much
moisture, and pit traders were inclined to
be extremely peSSimiStic on that point
Reports of decreased acreage owing to
delayed seeding were partly verified by
kets and by heavy buying from that quar-
ter. The market gradually increased in
strength until July had advanced to S41sc
Strength in coarse grains, especially oats,
had bullish effect on the wheat market
There was considerable profit taking late
IN the day and prices showed a reaction
from the high point. although no sign of
weakness was manifested. The close was
strong, with July at SO c. May sold be-
tween S612C and S73sc, and closed at SIC.
CIearances of wheat and flour were
equal to 16S. bushels. Primary re-
ceiptS were 1873 500 bushels COMPARED
with 317.S00 bushels a year ago. Min
neapolis, Duluth and Chicago reported re-
ceiptS Of IA cars. against 135 cars last
week and 152 cars d year ago.
Corn Is Strong.
Under an active commission house de-
mand corn ruled strong throughout the
day. Firm cables and an improved cash
situation induced liberal covering by
shorts which added to the strength One
prominent commission house was report
ed as having taken nearly a million bush
els of the July option. Weather condi-
tons were more favorable. but reports
from many sources Indicate that corn
planting will be very backward. Liquida-
ton caused some reaction late in the day,
but the market closed strong. July open
ed shade to A9Ae higher, at 4SL a
1850. sold between 4S14c and 491se. and
tween 4616c and 47&c. closing at 467sc
Local receipts were 146 cars, with p Of
contract grade
The feature of trading in oats was the
activity and strength witnessed in the
May delivery The big long was a heavy
purchaser. and there was extended COW
ering by shorts on news Of the backward
ness Of spring seeding. The Iowa crop
report was bullish, forecasting a con-
siderable decrease in acreage sown in
cats. Offerings in May were light and
the price was forced up &c before any
great selling developed. Part Of the gain
was lost On realizing, but the market
closed strong. July opened shade to
Il q sc higher at 361a 1854 c, sold be-
tween 361zc and 38c. closing at 37&c. May
ranged between 37%c and 397sc and
closed at 1895 G391ac. Local receipts We're
% cars.
Provisions were firm. in sympathy with
the strength in grains. Offerings were
light The market received most sup
port from packers The close was firm
with July pork up 171z a zoe, at SEATS
61250. Lard was up sc, at $6-9215, and
ribs 7c1a, at S6.7215-
Range of Quotations.
The leading futures ranged as follows:
Omen I High r ow Close