The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-18
SHORTS IN WHEAT
GETTING NERVOUS
Modern MiIIer's Report Bear
ish, but Has Only Tempo
rary Effect on Prices

CHICAGO. March 17.-Excellent demand
In the northwest for cash wheat had n
buoyant effect here today on prices for
futures. At the close wheat for May de-
livery was up 1%c July is up Is ole
May corn shows a gain OF. &c, oats u 20
&c ana provisions PIC to TIC.
Wheat
Trading in the May delivery was the
the start this option Showed howe Considerable
strength. Initial quotations were up hc
TO &c at s1.13k to $113H. July was
Tnchanged to &c lower at 9llke to yl%c;
Inc nrmness OF May was due largely 10
continued small receipts in the north
west and TO belief that furry in this
delivery Is possible. Future deliveries,
however. were inclined to weakness ow-
ing to bearishness of news In general.
With weather that was ideal for the fall
sown crop, and enormous shipments from
weakness Of foreign grain markets. pit
traders here were disposed to sell the
July option
News from the northwest. however,
completely onset these bearish influences,
and as trading advanced the market for
all deliveries became strong. Shorts were
active buyers OF May throughout the en-
tire session. higher prices at Minneapolis
being the main incentive. Advices from
Minneapolis claimed that the demand for
cash wheat was the best experienced for
stocks OF wheat in that city during the
week had decreased SIS, 600 bu. Prices
reached the highest point of the day just
prior to the close, with May selling at
81 142s and July at 92% G927sc. The close
was almost at the top. final quotations on
May being at S.l4s4. July closed at
Clearances of wheat and -four were
equal TO $4,000 blu. Primary receipts We're
315.000 Blu, compared with 4e0100 blu a
year ago. Exports of wheat and flour Tor
equal to $4,000 bu. Minneapolis. Duluth
and Chicago reported receipts of 269 cars.
against 295 cars last week and $40 cars a
year ago.
Strength in wheat was the main in
huence in the corn market. Light ship
ments from Argentina. small local re-
ceipts and wet weather, however. were
port demand tended TO Offset these in
fuences and prevented any material gain
In value. May opened unchanged to Is a
ana Closed at at eR 80
277 cars. with l OF contract grade.
oats
Business in the oats pit was extremely
quiet. At the opening the market was
steady. Later considerable f1rmness de-
veloped sympathy with other grains. May
31zc to 31% @31Ac, sold up to 32c and
closed at S1A Q32c. Local receipts were
155 cars.
Provisions were firm On a-good demand
from packers. The fact that stocks in
creased but little during the past week
encouraged longs. Higher prices for live
hogs also furnished some incentive to
buyers. May pork closed with a gain of
71zc at SO. IS. Lard and ribs were each
up 2h@5c at $7.15@7.17a and $3.50
6.97h
Estimated receipts for tomorrow:
Wheat. 80 cars; corn. 331 cars; oats, 195
cars; hogs, Il. 900 head
Cash quotations were as follows: Flour
easy. No. 2 spring wheat. 81. 0SQ1. II;
No. 3. s1.02@1.11; No. 2 red. 81. 14A a
1.16%. No. 2 corn. 4sAc; No. yellow,
4S%c- No. 2 oats. 31Hc; No. white, 34c;
No. 8 white. 31as @s2c. No. . rye, 7sh.
Good feeding barley. $50 4Oc; fair to choice
mailing, 43447c. No. faxseed, 81. 26;
No. 1 northwestern. $1.3s- Mess pork.
per brl. $12. S0Q12. So. Lard, per 100 lbs.
81 .02iz az 5. Short ribs sides Qoose),
IS. S75z al 90. Short clear sides (boxed),
Sc. S75k al co. Whisky, basis OF high
wines. .23. Glover. contract grade,
s13 35. Receipts-Flour 81. 500 brls; wheat,
"a. 900 bu; corn, 517, 400 bu; oats, 261, 900
bu: rye, 1000 bu: barley, "a, 400 bu. Ship
ments-Flour, 23.1 bris; wheat, As, loo
bu: corn, 230.s00 blu: oats 209. 900 bu: rye.
21.000 bu; barley. 26,300 blu. On the prod
uce exchange today the butter market
was steady; creamerfes, 21Q2ec; diaries,
1S@23c. Eggs steady; at mark. cases in
cluded, 14xc; firsts, 141c: prime firsts,
15c., extras, Ice. Cheese strong 12m13hc.