The Birmingham age-herald., 1904-04-29
Caldwell 6 Wards Grain Letter.

| by Bartlett, Frazler x Darlington. I Chicago, April 2S.-Wheat was strong again today with the southwest and local
 professionals leading the buying. The old 1 bull interest was the chief seller early. | The price current gave confidence to the | bulls at the start, reporting winter wheat | prospects barely maintained. Later the | southwest sent advices of extensive dam l age in the bottom lands from floods h. | quiry for cash wheat was better, although | little business was consummated
 small lot of No. 2 red wheat was sold at 13M cents over May, but this can hardly be taken as giving a fair idea of values. Northwestern country millers are buying at Minneapolis and stocks there decreas- ed 560.000 during the past five days. Ac- | cording to the Northwestern Miller the | flour output at Minneapolis increased last 1 week. but the total. was considerably ! short of last year. Sales of flour the past week was small. Outside markets
 all strong On the bear side may be
 noted the higher temperatures and clear
 weather over both the winter and spring
 wheat belts and the forecast for a contn-
 nation of like conditions. Seeding advices from the northwest were more optimis- tic. We feel strong on the old crop op- tions. Stocks of wheat are so small that ! even a small demand will make a marked impression on the course of futures. The
 
 well of. It Is probably the worst of the crop advices have already been received and conditions are becoming better. Lo-
 cal receipts, eight cars. Total primary
 receipts. 154.00O bushels. Clearances, H.
 900 bushels. Argentine shipments esti-
 mated at 3,200,000 bushels.
 Corn.-The frmness in corn was the di-
 rect result of the sympathetic influence
 of wheat and oats. Trade was small and tone was dulll Receipts are moderate and demand still rather limited. Local traders received some encouragemnt from the evidence of an out-movement as shown in the 100000 bushels of corn under con tract to load on vessels and the cancella- tion of receipts for 122.00O bushels today. f The cash market was strong and one-half
 of cent higher, with Armour & Co., the chief buyers of the lower grades. The course of the futures depend on the de-
 mand. If it improves 1t will be evidence that the present prices are legitimate, and
 some advance may then be expected in the future. Liverpool was hree-eights to five-eighths higher at the close.
 Oats.-The oat market again led the strength In grains. The buying was gen eral and great deal of interest has been awakened in this market. The cash situ-
 ation is attracting attention. Country movement is phenomnally strong and re- ceipts light. One million bushels of stan dard are under. contract 10 lodu Lake vessels. One hundred and ninety thous
 and bushels was loaded from store today and receipts for 171.0O0 more were can eelled. The Price Current says the crop has an unpropritous start with bulk of oats seeded While stocks are large they
 will decrease rapidly We feel rather friendly to the old crop future. but the September around present prices is high eonugh, as there is every evidence of a large acreage and prospects good for a heavy crop.
 Frovisions.-The most important feature in provisions today was selling by pack ing interest which has been so conspicu- ous on the buying side for two weeks. There was a pretty general demand, how ever. on account of strength in grain. Prices closed lower with the exception of lard, which was firm by the demand from shorts.