The Saint Paul globe., 1905-04-29

CHICAGO. April 2S-Higher prices at
Liverpool had strengthening effect on
sentiment was augmented through re-
ports OF damage by rust to fall sown
wheat in Texas. The market closed firm
with July up sole May is up sc.
Corn shows- gain of &c Oats are prac-
tlcally unchanged. Provisions are down
PIC to 20c.
Notwithstanding a continuation of ex-
cellent weather conditions throughout the
United States a degree of confidence
on the buying side of the wheat market
that has not been felt for some time past
was in evidence. A part of the bullish
sentiment was attributed to the seeming
Indifference of holders of May wheat.
the volume of trading In that option be-
ing very light throughout the session.
Another factor was strength at Minneapo-
lis, resulting from good cash demand.
Higher prices at Liverpool formed a
clincher i'm decisively establishing the
dominance of bullish sentiment. On the
other hand. weather conditions were de-
cidedly unfavorable to bull campaign.
Reports by st. Louis trade paper fur
nished encouragement to the bears. the
claim being made that the yield of win
ter wheat this year will be unusually
large.
The market was firm from the start.
Initial q@yotations @ vS on May were up &c to to
lower to lsc higher at S27s a S3c to S31sc.
little profit taking in May soon carried
the price of May down TO SSAc. but a
quick recovery soon followed. After
touching S22t Ds23sc, July gradually ad-
Vanced, and for the remainder of the day
held within S3MS31zc. One of the leading
bulls was credited with moderate pur-
chases of the July option. report from
Waco. Tex, stating that red rust was
prevalent in the wheat fields of that sec
tion started considerable huying on the
The market closed firm with July at
S33s gSSlkc: Final quotations on May
were at SS24c
Clearances OF wheat and -four were
equal TO $4,000 bu. Exports for the week,
according to Bradstreets, were equal to
1.260. 900 bu. Primary receipts We're 317.-
ago. Minneapolis. Duluth and Chicago re-
ported receipts of las cars, against IS
cars year ago.
Buying of a big line of May corn
created a firm tone in the corn market.
Higher prices at Liverpool had bullish
effect. July opened a shade lower at
1850. sold between 461s @46Lc and 46ss
and closed at 461z G465sc. Local receipts
Oats
The chief of trading in the oats mar
ket was the buying of May and selling
of July by cash houses. The market was
Influenced largely by the firm tone of
corn Excellent weather was a bear fac
July OptISu W sc lONGi. d.
at 2Szc to 2S7sc. sold up to 29c and
closed at 2S5s@29c. Local receipts were
~ cars.
Provisions
Heavy liquidation OF May pork had a
weakening effect on the provision mar
ket. Another depressing influence was a
decline in prices for live hogs. At the
close July pork was down 171k 620c at
S12.05q12.O71s. Lard was up 21sc, at
S.271z. Ribs We're off &c, at S7.07h.
Estimated receipts for tomorrow
Wheat, 81 cars; corn, So cars; oats So
cars; hogs IL 900 head.
Cash quotations were as follows: Flour
Easy. No 2 spring wheat, 90G93c; No.
3, S2q9lc; No. 2 red, ssh @90c. No. 2
corn, 47c; No. yellow. 47Ac. No. oats,
29Ac: No 2 white, 31a4 932c; No. white,
291s @S11zc. No. = rye, 73c. Good feed
ing barley. 37d40c; fair to choice mating.
44I47c; No. 1 fiaxseed. $1.251k: No.
northwestern, $40. Prime timothy seed,
$3.50. Mess pork. per brl. $11.70411. .75.
Lard. per 100 lbs. s7.021k 97.O5. Short ribs
sides Qoose). S6.6215 G6.S7I5. Short clear
sides (boXed). S6.75@6.S7lk. Whisky, ba-
sis of highwines, $1.23. Glover. contract
grade, $3.50. ReceIpts-F1our. 14,S0O
brls; wheat, 1000 bu; corn, 76,500 bu;
oats. 10000 bu; barley, 1880 bu. Ship
ments-Flour 1870 brls; wheat. 1890 bu;
corn. 347,300 bu; oats. 131, 400 bu: rye.
1900 bu; barley, GOO bu. On the pro-
duce exchange today the butter market
was steady; creameries, 20m25c: daiTies.
2O@24c. Eggs-Steady; at mark cases
included. 141k 614%c; nrsts. 1512c; prime
firsts, 16c; extras. 171zc. Cheese-Weak;