The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-05-06

CHICAGO. May Sensational damage
reports from winter wheat states caused
heavy buying of wheat today, the result
being a decidedly strong market. AT the
finish July wheat showed a net gain Of
y @ &c. Corn is up sc. Oats are pre-
clsely at yesterdays closing figures. Pro-
visions are unchanged to TIC higher.
In spite of continued favorable weather
IN the Southwest, a bullish feeling per-
yaded the wheat pit at the opening In
1tlaI sales, however, were made at trifle
lower prices than yesterdays close. July
being off shade to k@Hc at 843s a
S41sc Early sentiment was largely domi-
mated by the Illinois crop report. which
was quite bullish in character This Off
cial document estimated than in ten rep
resentative counties in the state 200, 900
acres, or Is per cent Of the total wheat
area of those counties, had been de-
stroyed by winter killing and other
causes. With favorable weather until
harvest it is believed, according to this
report, that the crop cannot make much
more than hree-fourths of an average
yield per acre. Under the influence Of
these figures there was an active general
demand for wheat from the start. Shorts
We're especially good buyers of May. Of
feringS OF all deliveries were light, the
result being steady advance in prices.
Toward the middle of the session bull OPP
a report of an expert. who claimed that
the wheat crops of eight states east of
the Rocky mountains would be decreased
6e,000,000 bu from that of a year ago.
Ihere was also a very bullish report from
Oklahoma In regard to the condition Of the
crop In that section Heavy and inffuen-
tai buying of July continued throughout
the greater part of the session. Late in
the day there was considerable prof1t-tak-
ing, which caused some reaction from the
nigh point, but the market closed strong.
FINAL figures on July were at S53se, after
the price had reached S51z @855sc.
Clearances of wheat and flour were
equal to So, 500 blu. Primary receipts
were 1876. 100 blu, compared with 245, 700 bu
cago reported receipts of 10 cars, against
~ cars last week and 123 cars a year
ago.
Corn Is Firm.
An improved cash demand and continued
small receipts were responsible for a firm
tone in corn early in the day On the
strength in wheat shorts became active
buyers of the May delivery There was
also good scattered demand for the
mere na91 ai slant I futures offerings were
sion. During the last half hour many of
the early buyers turned sellers, and some
recession In prices was made. A firm tone
prevailed at the close. July opened a
shade lower to a shade higher at 4Sk0
4SAc, and after selling between 481kc and
4SA @4S7sc. closed at 48k @485ac. Local
ACS0lplS were A1z cars, Win II or con-
tract grade.
Oats ruled firm, partly in sympathy with
otner grains and partly on active cover
ing, in the May option Small receipts
and an excellent cash demand were in
fluences that started the buying of July
There We're comparatively few oats Of
Tered for sale. Favorable crop advices
had tendency to hold down the price of
the distant deliveries. The market closed
about steady. After opening unchanged
TO q shade higher at 3SB @39c to 800, July
sold between 387sc and 39hc closing at
80 e Q39c. Local receipts were 60 cars.
Strength in grains and decreased re-
ceipts of hogs, with higher prices at the
yards, caused firmness in provisions
There was a better outside demand and
packers, also, were liberal buyers Lit
tie disposition to sell WIS manifested ex-
cept on good advances. The market
closed firm, with July pork up TIC at
$11.90 July lard was unchanged at Sc. 20
Ribs were up 21zc at $6.50@6.521k.
Range of Quotations.
The leading futures ranged as follows:
Open. High. Low. Close