The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-07
WHEAT ON PASSAGE
INCREASED $4,000
Corn. Oats and Provisions At.
tracing More Attention
Than Wheat


CHICAGO. March s.-Increased ship
ments from Australia were partly respon-
slpie Tor an easy tone in the wheat mar
ket here today. Heavier movement in the
factor. At the close Nav wheat was of
Hgkc. July Is down &c Corn is up
shade Oats show a gain Of &c and pro-
visions TIC TO 121zc.
Wheat
From the start the wheat market was
prices at Liverpool initial quotations here
showed losses. May being off MGkc to
Ag%c at H;dsh @l.15S. July was down
Liverpool was mainly due to weekly Stats
tics which were decidedly favorable to
the bears. Worlds shipments last week
were considerably In excess Of those of
the previous week The amount of bread
stuns on passage. increased 3.640,000 blu.
In the domestic situation a factor that
contributed to the early weakness was
During the first hour selling was led by
commission houses. greatest pressure
being upon the July delivery. Prices
weakened under the offerings. May declin-
ing 10 Sl-lb1s ql.15A and July to $3.50.
Later the market had temporary rally
on covering by shorts. One cause of this
buying was report from India that the
crop OF two of the leading wheat growing
provinces had been damaged IS per cent
by unfavorable weather An influence
That tended to increase speculative de-
visible supply, larger reduction than had
Deen generally anticipated. On the adj
vance May showed the greatest gain. sell
ing up 10 s.l6. July barely reached open
again on fairly liberal selling of July by
pit traders For the first time in two
months or more the arrivals today at
Kansas City and st. Louis were some
what larger than for the corresponding
time last year. The increa se6 receipts in
tne southwest were taken as an indication
that prospects for the coming crop in that
section were good. Final quotations on
May were at S1.15S. July closed at
Clearanees of wheat and flour were
$4,000 bu. compared with $4,000 bu a
year ago. Minneapolis, Duluth and Chi
cago reported receipts of 554 cars, against
e4l cars last week and ga cars a year
Despite an extremely liberal movement
the corn market was comparatively firm
the greater part Of the day. Higher prices
at Liverpool and reports of an excellent
export demand were chief causes OF the
was rather easy, influenced by large local
receipts and by the weakness Of wheat
Buying by an influential house. however.
soon created a firmer tone Nav opened
a shade to &c lower at 4Shc to 4s1s6
4Sl4c, sold up to 4SAc and closed at 4SX a
1885. Local receipts were 756 cars. with
10 VI contract grade.
Oats
Oats developed fair strength. At the
opening prices were off trifle owing 10
pit traders the market soon rallied. offer
lngs being light A liberal decrease in
tne visible was the principal source of
strength. May opened at 31Z 631Ac sold
up to 32asc and closed at 32Kc Local
receipts were 365 cars.
Provisions
Provisions were easy at the outset, but
later firmed up. Demand was quite active
the entire day. Weakness of grains was
the main factor at the start. Shorts were
good buyers during the day. May pork
closed 121kc higher at $3.50 Lard was
up nc at $40. Ribs We're az @I0c higher
at s6.906692h
Estimated receipts for tomorrow:
Wheat. Al cars: corn. 474 cars; oats, $50
Cash quotations were as follows: Flour
was steady. No. spring wheat. sl.10G
LIS; No. 3, S1.06@l.15; No. red. 1.15h a
1 H. No; corn; 4sshe; No; 2 yellow.
s2N Qsskc; No white. s2Gssc. No.
rye, 77G7S1kc. Good feeding barley, seq
Ale; fair TO choice mailing 44G47c. No.
l. naxseed. s1.27k; No. northwestern.
Lard per- 100 PH 6s S5 short RIBS
sides (loose), $e;75g6.S2h; short clear
sides (boxed). s6.75G6.s7h. Whisky, basis
OF high wines, s1-23. Clover, contract
grade grade sl275; az Receipts-Flonr; I71oO
oats; 2sl. 500 Blu; rye. 1000 bu; barley.
102, 800 bu. Shipments-Flour. 6. 800 brls;
wheat, 42,400 bu; corn, 1900 bu oats,
1880 bu; rye, 1000 bu; barley, TO-.
day the butter market was steady; cream
cries. 23G30c; dairies. 2262sc. Eggs weak.
at mark, cases included. 19G19Ac; frsts,
zoe; prime firsts, 2oAc; extras. 22c.