The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-12


Withdrawal OF buyers owing to favorable
weather for the growing crop caused pro-
nounced weakness toward the close in the
wheat market here today At the finish
May wheat was off Is G2c. July is down
1bc. May oats are off &C Corn and pro-
Visions are practically unchanged.
Wheat
Nervous uncertainty characterized trad
ing in wheat at the opening. Sentiment.
however. seemed inclined to bearisnness
lnnuenced mainly by lower prices at Liv-
erpool. factor that partially offset the
effects OF foreign weakness was the gov
eminent crop report issued late yester-
day; This report was generally consid-
cred quite builiSh as indicating that the
wheat reserve of the United States is 21.-
OOO,OVV bu less than year ago. In spite
or this fact opening quotations on May
were on shade TO u mssc. at s1.13G
1.l35z. July was shade lower, at 921z a
92Hc. Soon after the opening May was
under considerable selling pressure from
Longs Ion s. and reacted to si;l2%. July eased
then developed moderate firmness. July
rallying TO $3.50 and May to $l.131z. Much
OF the strength was due to the situation
neapolis and Duluth were comparatively
small and there were intimations. of a
still further reduction in arrivals.
For time the market held rather firm
on small volume of business. Late in
the day, however, a sharp decline in
southwestern markets started an attempt
at general selling by commission houses
here. Buyers were few, owing apparently
10 the brilliant weather. The result was a
quick break in prices. May sold off to
I-21t and July TO 91Ac. The market
closed practically at the lowest point of
the day, final quotations on May being at
S1.21A. July closed at 912s G911kc
Clearances OF wheat and flour were
equal eSs AL to 81 200 bu Primary receipts We're
year ago. Minneapolis. Duluth and Chi
cago reported receipts of 273 cars. against
1926 cars last week and $50 cars year
ago.
Despite the weakness of wheat and the
pearlsh tenor OF the government crop re-
port the corn market held remarkably
firm. Trading was active throughout the
entire day. the volume of business being
larger than for some time past. A fea-
ture that was largely responsible for the
strength of the situation was the re-
ported purchase of q line of 100000 bu
of corn by leading bull operator Firm
cables and large clearances We're factors
contributing to te firmness. May opened
unchanged to &c higher. at 4S64SLc
Sold up to 1917 and closed al 4Sc Local
receipts were 414 cars, with 6Sof contract
grade.
The break in wheat was the principal
factor in the oats market Another in
f1uence that created some bearishness was
an estimate OF large receipts on Monday.
0du liberal offerings,
but demand was slack. May opened
shade to &c lower, at 31%tc to 313t 6317sc,
sold between 311kc and 317sc and closed at
Sl42c. Local receipts were 256 cars.
Provisions
Provisions were steady on a small vol
ume OF trading. A firm hog market was
the main influence. May pork closed un-
changed at s12.5215. Lard and ribs were
eacn up PIC. at s6.971k@6.S0. respectively.
- Estimated receipts for Monday: Wheat.
hogs, $4,000 head.
Cash quotations were as follows: Flour
Easy; winter patents, s5.00G5.10;
straights, $4.75G 100; spring patents. 81. 90
G5.i0; straights. $4.40G4.90 bakers
S2.4OG3.75. Wheat-NO. = spring, $1.OS6
lib; No. 3, S1.05G1.12: No. red, $l.13@
1.15. Corn-No. =, 461zc; No. yellow,
4l:c oats-No. =, 31lkc; No. white.
32%c; No. white. BIZ G32%c. Rye-No.
?, 1S@7S1kc. Barley-Good, feeding. 3S9
40c; fair to choice mailing. 44047c. Flax
seed-NO. 1. 1927; No 1 northwestern,
$780,. Mess Pork-Per brl, $12.5O61255.
Lard-Per 100 lbs. $6.S21k 66S5. Short
sdesEsSort clear 0V Sboxed) ss ss Gs5s
Whisky-Basis of highwines. $1.23. Glover
Contract grade, S12.S5.- Receipts-Flour
24,60O brls; wheat. LOCO bu: corn. SOS. 500
bu; oats, 3l6.200 bu; rye. 5000 bu; barley,
1880 bu. Shipments-Flour. sc. 500 brls;
wheat. $1,000 bu; corn POS, 500 bu; oats.
164, 600 bu: rye. 900 blu: barley. A. 100 blu.
On the produce exchange today the but
ter market was steady; creameries. 200
PIC; diaries. 1SH23c Eggs-Easier; at
mark, cases included, ISG1Shc; firsts,
1S12c; prime firsts. 19c; extras, 20c. Cheese
Steady; 12@131kc.