The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-29


sections OF the southwest telling of the
Vigorous condition of the fail sown wheat
mad decidedly weakening effect on the
cry closed with a loss of hGHc. May
corn Is down z0%c Oats are off &c.
Provisions are down 25zc to 12hc.
Wheat
Weakness was manifest in the wheat
marker from the start the July delivery
opening SsGkc lower 10 a shade higher
at S91Hc TO Soc May was unchanged to
&c higher at 1.121k to S1.12& Lower
prices at Liverpool and continued excel
States We're the factors contributing 10
the initial weakness of the July option.
A Feeble rally occurred shortly after the
opening, resulting in May advancing to
81: 13 and July to 9OIkc. Moderate re
celpts In the northwest was partially re-
sponslple Tor the upturn. The show of
sb .aeng.n; however. was only momentary.
me market soon easing Off again on per-
slstent selling of July. The Nav option
was comparatively inactive throughout
the day. Many additional reports regard
ing the excellent condition OF the new
crop were received and these added 10 me
weakness of the situation.
One example of these bearish sadvices
was a report estimating the total Yield OF
wheat in Kansas at I15.OOO 900 blu.
which Is 45.000,000 bu in excess OF the
average crop. The market became ex-
tremely weak late in the day on general
selling by local traders i'm addition TO
selling by both northwestern and south
western houses. July declined to SSas C
anu May TO Sl.l1%. The close was al
quotations in July being a, Ss4c. May
closed at LIP. a net loss of &c
Cleafances Of wheat ana -FOUR were
eenal to 1900 bu. Primary receipts were
S52,fOO Blu, compared with 376 300 bn n
year ago Worlds visible supply, as
SHOWN Sno by Bradstreet's. decreased 3OOO.-
reported receipts OF go cars. against S1;
cars last week and PSI cars year ago.
Corn
Sentiment in the corn pit was bearish
ana prices showed a material decline
Inc slump In wheat led to considera HE
l lSp.s tate in the day, resulting in a
sharp reaction. Enormous primary re
celpts and prospects of liberal shipments
from Argentina in the near future were
addltional weakening influences. The mar
OF the session. May opened a snaGe iowec
az 4oesc, sold up to 4SZc and then de-
eiined to 47%c. The close was at 47kc.
Local receipts were 3Ol cars. with 2 of
contract grade.
Good weather. the break In other grains
ana weakness OF the cash article caused
neaNy Incubation of oats resulting in
declines In all options. May opened un-
changed at 30kc, sold between 29ILc and
3OAc and closed at 29ssc Local reeeInrs
were 236 cars.
Provisions We're weak In sympathy with
the decline in grains. Larger receipts OF
nve hogs than expected also crea,ed bear
Ism sentiment. At the close Nav pork
was down 10@12kc at S12 67hG15 20
Lard was off sc at s7109712B. Ribs
We're ~ 95c lower at Sc. 92K G6.95.
Estimated receipts for tomorrow:
Wheat, " cars; corn 1S7 cars; oats. 122
cars; hogs, $4,000 head
Cash quotations were as follows: Flour
easy No. spring wheat, 81 0S61 u:
NO. g., 81 O0q1.1 IL; No. . red s11IZ al
Ii No corn, 471zc: No. . yellow. an
G4i&e No. 3 oats, 1850; No. wnite
z9h g3lAc. No. . rye. 7S67s1c. Good
feeding barley 37d40c; fair to choice
mailing. 4s@47c. No. / fiaxseed. 81 "a:
No. l northwestern. 81 Sc. Prime timothy
seed 81 SIS Mess pork per pbI. SO. 500
II. 90. Lard. per 100 lbs, s6. 97H6T 90
Short ribs sides. (loose). y6S7IG7 90
Snort clear sides (boxed), s6.y7K6p7 90
whisky basis of highwfnes sI23 Clio
Yer. contract grade. S13 So Receipts-
Flour. 24.2OO brls; wheat, so 900 blu: corn.
633. 400 blu; oats. 394, 600. 400 blu: rye. 5000
bu; barley. 117.T00 bu. Shipments Flour
zo.ooO bris; wheat. 81. 700 bu: corn. 1856 200
pu: oats. 241. 500 bu: rye 1000 bu: barley.
i4,lO0 blu. On the produce exchange to-
DAY the butter market was steady: cream
cries: Z292Sc: diaries. 21625c Eggs
steady: at mark, cases included. I6Ec:
nrsts. &c. prime firsts, lie; extras. lSc
CneeSe steady 12M1316c