The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-12
MARKET CLOSES
HIGHER ALL AROUND
Shorts Cover Freely During the
Last Hour in All Grain
Futures

CHlCAGO, April ia decrease
both in primary receipts and in the
worlds visible supply had a strength
ening seffect on the wheat market here
today. At the close July wheat was
up sc. May is up nc. Corn shows a
gain of Is a 15c. Oats are up hGAc.
Provisions are unchanged to 2kc
higher.
The strength in the wheat market
developed during the last half of the
session. At the opening the general
sentiment was rather bearish as a re-
suit of the government crop report
showing winter wheat to be in excel
lent condition. According to the gov
eminent figures the average condition
OF fall sown wheat on April 1 was GIG,
against 76.5 April 1. 1904. The action
OF the market, however, demonstrated
quite plainly that the report had been
generally discounted. July opened Il a
sc lower, at S6H 6S6hc. May was off
u a &c, at s1.14@1.14A. Commission
houses had moderate offerings, but
there was no great selling pressure.
On the contrary, shorts bought quite
freely upon the initial declines. AS a
result, prices soon rallied. The May
delivery was practically deserted. the
bulk of trading being in July and Sep
TEMPER. During the last half of the
session the demand for July became
quite pronounced. A feature of trad
Ing was buying of July and selling of
september. Some commission houses
were inclined to favor this style of
trade, the theory being that any change
In the present excellent crop prospects
might easily advance the price of July,
and at the same time disturb very little
the status of the more distant deliv-
cry. A decrease of 100000 bu in the
worlds visible supply compared with
an increase of 1,719,0O0 bu a year ago
hi ia,
trading. An additional bullish factor
was falling off in primary receipts.
Prices in consequence advanced stead
lily during the last hour, July selling up
up TO S7% just before the close. Final
quotations on July were at S7Ac. Aft
er selling off to s1.13h May rallied to
sl14ss, closing at the highest point of
the day.
Clearances of wheat and flour were
equal to 1900 bu. Primary receipts
were 1s6,700 bu, compared with ISL
500 blu year ago. Minneapolis, Du-
luth and Chicago reported receipts of
157 cars, against 229 cars last week
and 154 cars a year ago.
Corn
Sentiment in the corn pit was quite
bullish throughout the entire session.
Comparatively small primary receipts
and an improved demand for corn for
feeding purposes were the principal
causes of the strength. July opened
unchanged to hc higher, at 47Z@
47Bc, sold up to 4SM @4SAc and closed
at the highest point of the day. Local
receipts were 242 cars, with 26 of con-
tract grade.
The oats market was Influenced
mainly by the firmness of corn, but de-
creased receipts had some effect. Trad
Ing was dull and Of small volume.
July opened a shade higher at 2s%c,
sold between 2sSc and 2s%c and
closed at 29Bc. Local receipts were
81 cars.
Provisions
Provisions were firm as a result of
small receipts of hogs. The market
received support from local packers
Selling was scattered. At the close
July pork and lard were each UP 2hc,
at S13.07 Y Q13.10, and $7.42k @745,
respectively. Ribs were unchanged at
s7.35.
Wheat, Fl cars: corn. I'll cars; oats,
"a cars; hogs. $4,000 head
Cash quotations were as follows: Flour
slIt; No 8. s. .o eed5ne whf Sc G red,
s1:1Sh al. 151s.- No. corn. 4sc; No.
yellow, yellow, , dsH; No. oats, sO1sc; No; 8
choice mailing. 4sM64sMe. No. / fax
seed. s1.23; No 1 northwestern. sI.37.
Mess pork. per Dbl, 81: sc@1s. IS. Lard.
per 100 lbs, s7.12hQ7.15. Short ribs.
sides (boxed). 81 .00@7 f2h Whisky,
basis of high wines. 81 %. Glover, con-
tract grade. $14. 35614. 40. Receipts
Flour, 17.1oo brls; wheat. $1,000 blu; corn.
467,600 bu; oats. 1O1, 500 Blu; rye. 1000
bu; barley, Sell bu. Shipments-F1our.
400 brls; wheat. $4,000 bu: corn, 1885,
400 bu. oats. 1S9l00 bu. rye 9 SOO h,,.
barley, $500 bu. On the produce ex-
change today the butter market was
firm. Creameries, 23@29c; diaries, 2l0
cluded. I6hc; firsts. I6hc; prime firsts.
1Sc; extras, 1sc. Cheese steady, 12hG
1870.