The Saint Paul globe., 1905-03-16
JULYANDSfPTfMBfR
FUTURES ARE WEAK
May Shows Conaested Condl-
tion-Corn and Oats Are
Easier on Realizing

CHICAGO. March 15.-Indications OF an
early harvest in the southeast caused a
net net loss OF &c today In the price of wheat
Tor July delivery. Nav wheat closed at n
loss of &c Corn is down sc Oats and
provisions are practically unchanged.
Wheat
Weakness predominated in the wheat pit
throughout the greater part of the day.
Inc market from the start was bearishiy
influenced by the situation in the south
west where the fall sown crop-is reported
70 De In excellent condition. Wet weather,
II Is claimed, has had a beneficial effect
on the growing grain. the plant, in some
sections. according to reports being far
advanced for this season of the year. A
report from Kansas City today stated that
prospects were bright for an unusually
early harvest. AS a result of these re-
ports pit traders and commission houses
were liberal sellers from the outset Trad
withstanding higher prices at Liverpool
and small receipts in the northwest. open
ing quotations here showed moderate
losses; May being off 1sc to sc. at s1-12&
&c. at 92Sc to 93kc.
During the first part of the day de-
mand was very slack, and prices readily
Ginning to -92K @s2Ac. May held around
Sl-lS; later in the session a momentary
nash OF strength carried May up to s1.13;s
-, Covering by shorts on bullish news from
tne northwest was responsible for the up
turn- A report from Minneapolis asserted
that large sales of -four had been made
there. In addition cash wheat markets
northwest We're strong. Weakness OF
soutnWesteTn markets. however, was an
strength. July sold off to 9I7sc and May
to S-13. The market closed weak, with
May at $1.13 and July at 917s @92c.
0leIaranceS or wheat and flour were
SI4.4oO bu, compared with 4ss.6O0 bu a
year ago. Minneapolis. Duluth and Chi
Sago receipts OF 179 cars. against 175 cars
last week and 33s cars year ago.
Corn
=, Trading in the corn pit was again ac-
i've, Dut sentiment was inclined TO bear
lshness. The market lacked the support
OF several prominent commission houses
@ @tnat nave been recently heavy buyers. A
Wen Known provision house was a fairly
nperaL seller early in the day. as a result
OF OF which an easier tone was manifested.
Inc market rallied on covering by shorts.
decline occurred, the close being almost
az the lowest point. Large primary re-
ceipts were offset by heavy clearances
Sisgar may opened ? e 1ed 4q$e lower to a shade
and DOC and closed at 1875 049kc. Local
receipts were 2l1 cars, with one of con-
tract grade.
oats were, influenced mainly by the
easier tone of corn. The volume of trad
ing was very light. May opened shade
lower at 321sc. sold between 31Nc and
52Ac and closed at S21sc. Local receipts
were 142 cars.
Provisions
More interest was manifested In pro-
Visions than for some time past. Trading
was active and the market had a firm
undertone. Local packers were the best
puyers. Shorts also bought moderately
Hlgher prices at the yards had strength
enlng influence: The market closed firm
with May pork up 21aQ5c. at s12.75Q
at $40 and s6.9096.92h respectively.
Estimated receipts for tomorrow:
Wheat, "a cars; corn, 304 cars; oats, 100
cars; hogs, %, 900 head.
Sash quotations were as follows: Flour
Dull. No. spring wheat, s1.lO01I2:
NO S:O24l.11; No. 2 red. s114h a
sd:I6B No. corn. 7SIkc; No yellow,
aS%c No. 2 oats. 33Ac; No. white
sSSHe; No. white, 32G32%c No. 2 rye
lS@7Shc., Good feeding barley. 3S@40c;
fair fair to > choice mating, 43@47c. No. /
PIIII Prime timothy seed. s225@sOo. Mess
lbs $685. @6.97l2. Short ribs sides tloose),
s6.s7k G7.OO. Whisky. basis of high
wines. $1.23. Receipts AZ. 500 bris:
wheat. $4,000 bu; corn, 400, 600 bu; oats.
oz2,O0O bu; rye, 1000 bu; barley, 731OO
bu. Shipments-F1our, so. 100 brls; wheat
1900 bu; corn. 139,600 bu; oats, 767, 100
bu; rye, 22,OO0 bu; barley, 229, 900 bu. On
the produce exchange today the butter
dairies. 1sq21c. Eggs-Lower at marx,
cases included. 15c; firsts, l5GI51c: prime
013kc.