The Saint Paul globe., 1905-04-15
Wheat


Wheat
Weakness in the wheat market develop
ed soon after the opening. Considerable
nrmness. however. was manifested at the
start, July being up &c to hc at SS1kc to
oo%e May was unchanged to &c higher
was due primarily TO higher prices at Liv-
erpool, but cold weather accompanied by
snow in the northwest had considerable
influence As an offset to unfavorable
weather conditions in the northwest re-
ports from the southwest told of rains in
sectlons or the winter wheat belt where
Iactor that helped TO create bearish senti-
Inent was an increase in shipments from
argentina Soon after the opening lead
ing long began to sell moderately. Pit
traders eagerly followed the lead. The
result was general weakening of the
market: AS trading progressed prices con-
tinued 10 decline Fresh impetus was given
the declining tendency by a sharp break in
prices at Minneapolis. Advices regarding
si tne condition of winter wheat were con-
nictlng, but those of bearish character
seemed to predominant. A ST Louis trade
journal In its weekly report stated that
the condition of the crop generally is sat
time OF year. The Nav delivery was un-
der moderate selling pressure the entire
Gay. and with little apparent support
lures. The closing price for Nav was at
the lowest point of the day 81. i47s. July
after selling down to S7&sc closed easy at
Clearances of wheat and -four were equal
10 $4,000 blu. Exports for the week, as
shown by Bradstreet's. were ]. .292. 600 bu.
Urinary receipts We're 22s.6OO bu. compar-
apoiis, Duluth and Chicago reported re-
celpts OF 149 cars. against 265 cars last
week and l5S cars a year ago.
Corn
Liquidation by several local longs caused
weakness in the corn market. The de-
qal racN % for
the seIlng pressure. The market was
quite firm at the start as a result of small
receipts. but an easier tone soon Develop
ed Lower prices for cash corn had some
influence. July opened shade to y disc
higher at 45b 9457s. sold off to 4SL a
1880, and closed at 4S2s Local receipts
were SO cars, with of contract grade
Oats
Sentiment in the oats market was bear
ish on predictions of an increase in move
ment Commission houses were persistent
buyers and the demand was light Pit
traders were the chief buyers. July open-
ed unchanged to &c higher at 3Ossc to
3O1zc. sold down to 30c and closed at the
lowest point Of the day. Local receipts
were 56 cars.
Provisions Were inclined to hold fairly
steady early in the day, but later con-
siderable weakness developed, along with
crate sellers, At the close July pork was
off 10c at $13.0 071k. Lard was down sc at
g H-4lk. Ribs were 5q7Ac lower at
81. .32h @7.35.
Estimated receipts for tomorrow:
Wheat, SO cars; corn, 81 cars; oats, 50
cars; hogs, 10000 head
Cash quotations were as follows: Flour
unchanged. No. 2 spring wheat. 81 .O5@
!; 10; No 3; sSc@s1. Il; No. red; 81 ;14%
4913c. No. oats, S3c; No white, 31@
32&c. No. 2srye, 7Sc. Good feeding bar
ley, 31G3Sc; fair to choice mailing, 41@
47c. No. / flaxseed. 81. 25; No. l north-
western, 81. 80. Mess pork. per bbl. S12. S0@
II SO. Lard, per 100 lbs. $7.171A67. 20.
Short ribs sides Qoose), 81 00G7.12s.
Short clear sides (boxed), $7.00@7 .121z.
Whisky, basis of high wines. 81 %. Re
ceipts-F1our. 81 300 brls; wheat, So, 900 bu;
corn. 221 400 bu; oats, 1O5,SOO bu; rye,
5000 bu; barley. 41.sOO bu, Shipments
Flour. % 200 brls: wheat. IL, 800 bu corn.-
603, 200 bu; oats. 221. 800 bu; rye, 1900 bu;
barley. 10.600 bu. On the produce exchange
today the butter market was firm, 24c0
soc; dairies, 2262Sc. Eggs steady; at
mark, cases included, Ice; firsts, 16Izc;
prime firsts, 171zc; extras, 1Skc. Cheese
firm, 13H14c.