The Saint Paul globe., 1905-04-11
MAY WHEAT DOWN
TWO AND HALF CENTS
Corn and Oats Holding Rather
Firm. With Wheat Easy
and Lower

CHICAGO. April 10.-Heavy primary re-
ce1pts tended to weaken the wheat market
today Fear that the government crop
depressing influence. At the close wheat
for May delivery was down 11kc. July
wheat Is on Y a sc, Corn shows gain
OF "a &c Oats and provisions are prac-
tically unchanged.
t'~ Wheat
An irregular start was made in the
wheat pit. Initial quotations on May were
on &c to 1asc. at S1.141s to s115, while
July was shade lower to 4 sc higher
| at size 10 S7Ikc. The weakness OF May
was due 'argely to rumors of impending
| litigation connected with the recent bull
campaign in that option. On the other
hand. the comparative strength OF July
was mainly the result of the steady tone
sharp decline here Saturday. The vol
ume OF trading was small. owing to gen.
eral desire TO await the forthcoming gov
ernment crop report which il was thought
might be very bearish. On covering by
shorts. the price of May was quickly bid
up 10 $l.l6. but an equally rapid decline
followed almost Immediately. Predictions
OF freezing weather in Kansas tonight
had steadying effect temporarily on. the
July option. Late in the day. however.
the market became decidedly weak One
cline at Kansas City and st. Louis where
receipts today were considerably in excess
OF the corresponding day year ago. An
other bearish factor was a report that a
great effort was being made to break the
May deal in Minneapolis market, heavy
shipments from Duluth having been for
warded for that purpose. In sympathy
with the decline in outside markets. the
price of May dropped TO 81. II. July sold
on to S67sc. The market closed near the
lowest point of the day with May at
$114Ss July closed at S65sc.
Clearances of wheat and -four were
equal to II, 200 bu. The amount on pass
age decreased 6f2; 600 bu and the visible
supply decreased $50. 900 bu. Primary re-
ceipts were 4i6.500 bu, compared with 415.-
200 bu year ago Minneapolis. Duluth
and Chicago reported receipts of 2S3 cars.
against $40 cars last week and 355 cars
year ago
The corn market was moderately strong.
but no greater activity was manifested.
tended to create bullish sentiment. An
other influence was falling off in local
receipts Shorts and commission houses
shade tn the pest hrber epyers s July ePened
sold up 70 4Sc and closed at 47%c Local
receipts were 347 cars, with so cars of
contract grade.
Small receipts and firmness Of corn was
sufficient to hold the oats market steady.
Trading was very quiet. July opened un-
changed TO a shade higher, at 2sAsc to 29s
429S4c, sold up to 29% @29S and closed
at 29ss q29Ac. Local receipts were SO cars.
Provisions
weakness Of wheat the provisions market
held steady. Owing to scarcity of offerings
the volume of trading was extremely
small. At the close July pork was shade
lower at s1305@13.07h. Lard and ribs
Were each unchanged at s7.40@742k and
s7.35 respectively.
Estimated receipts for tomorrow:
Wheat, IL cars; corn, 265 cars; oats, sc
ears; hogs. 26,0 600 head.
Cash quotations were as follows: Flour
easy. No. spring wheat, s1.0561.15; No.
8. S.OO@1:13; No. red. $1.149l17. No.
corn, 4S1kc: No. = yellow. 4SAc. No. 2
oats, 2s7s a3Oc; No 8 white SO@S2Kc.
No. 2 rye 7S97Shc Good feeding bar
ley, 31439c; fair to choice mailing, 435z a
47c. No. l flaxseed. $1.23; No. / north
western, s1.37. Mess pork, per brl. $12.S0
G12.s5. Lard. per 100 lbs. $7.10@712k.
Short ribs (loose). S7006712. Short clear
sides (boxed), s7.00@7.121s. Whisky. basis
of highwines. $1.23. Glover. contract
grade. s14 .S5d14.40. Receipts 49,
500 brls; wheat 5000 bu; corn, SIS. 100 bu;
oats, 142, 400 bu rye, $500 bu; barley. A.
300 bu. Shipments-F1our, $500 bris;
wheat, 4,S00 bu corn. 199, 600 bu; oats,
124,S00 bu; rye, 9.100 bu; barley, 7.700 bu.
On the produce exchange today the but
ter market was firm; creameries, 22@2Sc;
dairies. 21@25c. Eggs-Steady at mark
cases included 161kc; firsts. 1910; prime
lrsts. 1Sc; extras, 19c. Cheese-Steady,
1213 @13hc.