The Saint Paul globe., 1905-04-09

CHICAGO, April 8.-Decreased de-
mand for flour in the northwest was a
leading cause of weakness in the wheat
market here today. Fresh reports
from the southwest telling of excellent
crop prospects, tended to emphasize
the weakness. At the close May wheat
was down &c. July wheat is off &c.
Corn shows loss of A@asc, oats are
unchanged and provisions made a net
decline of 5@7sc.
Wheat
The wheat market was weak from
the start. Notwithstanding a sharp
advance at Liverpool, the result of
| decreased shipments from Australia
the opening quotation for May here
was a a &c down at S1.16H @1161.
July was varied from a shade advance
to Is a &c decline, at S7% @SSc. May
was under moderate selling pressure
from several prominent bull traders and
with very little demand, the price
quickly receded to $1.15h. July eased
off in sympathy TO S7Ac C, after touching
SS@SShc. Trading was quiet and the
volume of business was very small The
dullness was due largely to uncertainty
| regarding the government report which
Will show the condition of fall sown
wheat and is generally expected to be
exceedingly bearish.
4
greater part of the day. On covering
by shorts, the price was quickly bid
up to $1.17. The more distant deliver
les, however, We're inclined to drag
The Kansas state report showing the
condition of winter wheat to be 81 per
cent, as. against SO per cent year ago
was a bearish factor in late trading. A
more decidedly weakening influence
was report from Minneapolis that
the flour mills there would soon close
down owing to poor demand for flour.
Renewed profit taking followed and
May became quite weak just before the
close, declining again to s1.15k. July
sold off to S7sc. The market closed
almost at the lowest point with May at
$1.15B, July at s7B@Ac
Clearances of wheat and flour were
equal to 70,200 bu. Primary receipts
were 2S1,5OO bu, compared with 214,200
bu year ago. Minneapolis, Duluth
and Chicago reported receipts of l6S
cars against 214 cars last week and 123
cars a year ago.
Corn
The inactivity and weakness of the
wheat market was reflected in the
corn pit. Trading was very quiet. Pri-
mary receipts double those of the cor
responding day a year ago and expec-
tatlons of greatly increased shipments
from Argentina were bearish in
fluences. Closing prices were at about
the lowest point of the day. July
opened unchanged at 47Bc, sold off to
4f43c and closed at Az sc. Local
receipts were 227 cars, with 10 of con-
tract grade.
Business in the oats pit was dull.
considering the weakness of other
grains and market had a firm under
tone. Smah receipts and prospects of
continuance of similar conditions
gave support to prices. Trading was
mainly of local character. July opened
unchanged at 1850, sold between
2s% and 29% @Ac, and closed at
2Sssc- Local receipts were 81 cars.
Provisions
Provisions had q quiet day with
tendency slightly in favor of lower
prices. A small decline in the price of
hogs was a bearish influence At the
close July pork was off 71zc at s13.O715.
Lard and ribs were each down SC at
s7:40Q7.421k, and s7.35, respectively
Estimated receipts for Monday:
Wheat, 38 cars; corn, AS cars; oats,
54 cars; hogs, 10000 head.
Cash quotations were as follows:
snts SSe; ssfFraiSgSts St aSt s45OS4 So spring pat
bakers. So 2OG3 so. No. spring wheat
8. .1O9i. is: No 3. 81. .O96i. Il: No. ? red
II ;l51sQ al. IS No. 2 corn. 47%c: No. 2
white, 30@32Ac. No rye, fSG7SISc.
Good feeding barley. 3763sc; fair TO
choice mailing, 43@47c. No. 1 faxseed.
timothy seed. 81. .35@2.75. Mess pork. per
brl Sl2. 75@12. so. Lard. per 100 lbs. 81 10
@I. .12h. Short ribs sides (loose), 81 0O6
l.1212. Short clear sides (boxed) 81 OOS1
1.12k. Whisky, basis of highwines. 81 %.
Clover, contract grade, $14. .35Il4 40.
Reecipts-Flour, %, 100 brls; wheat. a.
rye. 1000 bu; barley, 81, 900 bu. Shin,
ments-Flour 81 900 brls; wheat, p. 200
Du; corn. 450,7o0 bu; oats. 221 900 bu;
rye, 1000 bu; barley, 12.700 bu. On the
| produce exchange today the butter mar
ket was firm; creameries, 2262Sc; dairies.
ZOg25c- Eggs firm; at mark. cases in
Guided, 1910. Cheese steady, 12hQ13kc.