The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-14
MAY SELLS AT $1.0s
AND RALLIES 4C[NTS
Heavy and Nervous Trade In
Wheat and Corn, Both
Closing Strong

CHICAGO. March ls.-Excellent cash
oemano IN the northwest caused n strong
May being up 1%c and july Ihc. May
corn Is up 1@1hc. Oats show a gain or
&c. PROVISIONS are practically I'M
Extreme nervousness marked trading in
the wheat pit at the opening. May was
Zesc lower to sc higher at S1.09 to s1.12.
a az q Iu.y was a shade 10 h@sc higher
az Si1zc 10 S.c. The wide fluctuations in
May were u to a rumor that the nli-
nols warehouse commission would de-
care NO. Z oregon red wheat to be de-
nvered on contract here. Uncertainty as
10 the real position of the Wall street
crowd In the May deal also had much to
90 with the unsettled feeling. Actual
OF small volume. stop loss orders being
! the principal feature. The July delivery
showed considerable frmness. a de-
creased movement in the northwest being
mainly responsible for the comparative
Strength OF that option. On the sharp
break In May shorts covered moderately
Of the me i Rhifsf i ioSs reg ghs bs a large 5sm. part
however: was for July. AS trading prog
ressed the demand became more urgent.
Fesuiung in decided strength. Reports
from minneapolis of large sales of cash
wheat had a stimulating effect on specu-
latlve trading here. Primary receipts also
s MeTe ,n small; May advanced to s1.13%
anu july TO S3sc to e3Lc. The market
closed almost at the highest point of the
day. with May at sl.I3 and July at sS1
93hc. ~"
Ciearances OF wheat ond eo,r vare ec,a,
TO 21.100 bu. The amount on passage in
creased 2.S16. 600 bu. and the Visible sup
ply decreased AZ. 900 bu. Primary re
Se1p aoo were SSS.6Oo bu. compared with
Iuth ana chicago reported receipts of SIS
cars, against 554 cars last week and Gal
cars a year ago.
Corn
From start 20 Gng-l sa
was active and strong. A feature OF trad
ing was heavy purchases by the leader
OF tne bull crowd Large clearances, light
ucables were factors contributing to the
strength. May pened &c TO nc higher
at 4sHc to 4s1ec. sold up to 49hc and
$40 cars, with 8 Of contract grade.
Oats
Strength of corn was the main factor
IN the oats market. A heavy tone pre-
vailed at the start as the result of lib
eral local receipts: but with the bulge
Shorts were the best buyers. Selling was
scattered May opened unchanged to &c
nlgner at 3lhc to 31Sc. sold between 31S
gglzse and 3lMc and closed at 31%c. Lo-
cal receipts were 469 cars.
Provisions
Provisions were a trife easier early.
but later regained the loss in sympathy
Win strength of grains. The volume OF
business was small, there being scarcely
enough trading in lard and ribs to estab-
nsh quotations. At the close Nav pork
was up PIC at s12.55. Lard was un-
changed at S6.97h. Ribs were up a shade
at s6.S0@6.S2h.
Estimated receipts for tomorrow:
Wheat, 80 cars: corn. 400 cars; oats, 2e5
cars; hogs. $1,000 head.
cash quotations were as follows: Flour
STEADY No 2 spring wheat, s1.0S@1.11h;
No 3. $1-03G1.10; Nc. 2 red. s1.I16I.15X'
No 2 corn. 47hc; No. 2 yellow. 4sc. No.
Z oats, S2q32kc; No. 2 white. 32h @33c;
No. 3 white. 31h@32hc. No. 2 rye 7SG
!Shc. Good feeding barley. 3S6ioc: fair
to choice mailing. 43@47c. No. i fiaxseed.
s126; No. 1 northwestern, 1881. Mess
pork, per brl. $12.50@12.55. Lard. per 100
lbs; S6.S2@6.S5. Short ribs sides 1loose).
Short clear sides Cboxed)'
80; I5Q6-S7h. Whisky, basis OF high
wines. s1.23. Clover. contract grade
sl2.S5. Receipts-Flour. 90 500 bris:
wheat, $1,000 bu: corn. $50. 200 bu: oats
429,2eO bu; rye, 300 bu; barley. "a. 600 bu'
approximations. $500 brls: wheat. "a
600 bu: corn. 1S6. 200 bu; oats. 50. 200 bu:
rye, $500 bu; barley. 13, 200 blu. On the
produce exchange today the butter mar
ket was steady: creameries. 2O624c: DAT
rfes, lSg23c. Eggs easy; at mark. cases
included. 17G17kc; frsts, 17hc: prime
13hc ~