The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-13
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STRONGER EARLY,
CLOSING STEADY
Good Buying in All Grains, Es-
peciaiIy In May Corn and
Oats

CHICAGO, April 12.-Damage re-
ports from the southwest constituted
one of the chief elements of strength in
the wheat market today. At the close
wheat for July delivery was up a
shade. May wheat is up &c. Corn,
oats and provisions are almost un-
changed.
Bullishness was manifested in the
wheat pit from the start. Initial quo
tations on May were up %@1hc, at
S115A H1.15Z. July was unchanged
to shade higher, at SIX @S7%c. I'm
mediately after the opening shorts bid
up the price of May to $1.16Z. The
demand was brought out by a rumor
that leader of the Wall street clique
that is said to control a long line of
May wheat had arrived in Chicago An
intimation that the visit of the eastern
Spectator might have as an object a
further squeeze in May wheat was the
main cause of the sudden advance in
the price of that option. On the sharp
upturn, offerings were liberal and the
price quickly reacted to $1.15. Firm
ness of distant futures was due largely
10 higher prices at Liverpool. Cold
weather in the northwest also had a
Dullish effect. Later the market re-
ceived additional strength from a re-
port by Minneapolise crop expert al
leging that the government crop re-
port recently issued is altogether too
optimistic. The days culminat ton of
Duliishness was due to reports from
Kansas mentioning deterioration in the
appearance of the growing wheat. The
plant at some places was said to be
turning yellow. Damage by Hessian
fly was also reported from Nebraska
July reached the highest point of the
day at S7B QSSc. Part of the gain was
lost later because of profit taking. The
market, however, closed firm, with
July at S7A @S7Ac. Final quotations
on May were at s1.15k.
Clearances of wheat and flour were
equal to $1,000 blu. Primary receipts
were 262,200 blu, compared with 245, 400
bu year ago. Minneapolis. Duluth
and Chicago reported receipts of 143
cars against 16S cars last week and II
cars year ago.
Sentiment in the corn pit was in
clined to bulliShhess. Shorts were ac-
tive bidders throughout the day, but
oneringse were comparatively small.
Reports of an improvement in export
demand was partly responsible for the
frmness- An estimate of small re-
ceipts for tomorrow helped to stimu-
late demand. July opened a shade
higher, at 4SAc, sold between 4SAc
and 4S% @4SRc, and closed at 4SKc.
Local receipts were 232 cars, with sc of
contract grade.
Oats showed considerable strength
The rapid increase in receipts the last
few days ecaused fair covering by
shorts. Offerings were light. July
opened unchanged, at 297sc, sold up to
3O5sc, and closed at soc. Local re-
ceipts were 80 cars.
Provisions
Provisions were firm, but the volume OF
business was exceedingly small. Senti-
ment was Influenced principally by
sulting from a decrease in receipts. At
the close July pork was unchanged at
S13. O1Q13. 10. Lard and ribs were each
up a shade at 81. As and s7.35@7 BIZ, re-
spectively.
wheat, IS cars; corn, 90 cars; oats, n
cars; hogs. $4,000 head.
Cash quotations were as follows: Flour
No. 8. 81 .OO@i IS; No: 2 red. 81. i5gf. 1s%.
No. corn, 49c; No. yellow, 491s. No 9
oats, 30&c; No. white, 30h G32%c. No.
rye: !SG7Shc. Good feeding barley. $40
fiaxseed. s1.24; No. Northwestern,
Lard. per 100 lbs. s7.I5@7 .I71s. Short ribs;
sides (oosel, s7.0o@7. 12h: Short clear
tract grade. s14 .35@14 10 Receipts
Flour. q. 500 brls: wheat, 63, 900 bu: corn,
633. 800 blu; oats, $4,000 bu; rye, 1000 bu;
barley, $4,000 bu, Shipments-Flour, 49,.
oats, 121,40o bu; rye. 1850 bu; barley,
$500 blu. On the produce exchange today
the butter market was firm. Creameries.
2Sq2sc; diaries. 22@ 26c Eggs steady: at
prime firsts. 1Sc; extras, 19c. Cheese
steady TO firm 13q13hc.