The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-24

CHICAGO. March 23-weakness pre-
vailed In the wheat market here today
as result OF continued excellent weather
for crops. At the close wheat for May
dellvery was of 1%c July wheat is down
glc Corn and provisions are almost
unchanged
The wheat market was weak from the
start opening trades were marked by a
decline OF over &c in the price of the May
delivery and 1c in July Initial quota
mons on May We're off &c to 2Ac at
sdizA TO 81 ls%. July was down y a &c
IN the northwest mad much to do with
the opening declines. Lower cables were
also a factor. Weather extremely favor
able for the rapid growth of the new crop
attracted. however, most attention. Sew
eral houses with northwestern connec-
lions were liberal sellers of May while
PIT, traders generally sold July after May
had touched s1.12 and July s0Zc The
market rallied somewhat on covering by
sh0rts, May advancing to S1-13
me market though lacked any definite
being OF such bearish character as to
discourage demand. One report from To-
iedo, OHIO. claimed that wheat in north
ern ONO could not look better than at
present. Advices from Louisville stated
mat TINS is the earliest spring ever known
In Kentucky and that in all probability
new wheat VIII be ready to market by
July J. the July option was under con-
siderable selling pressure during the last
part OF the session, declining to sou c.
Sasn news from all markets was bearish
,a.e IN the day The market closed weak
with May at $1.12A. Final quotations on
July We're at 90Zc
Clearances of wheat and fiour were
equal to 1S4; ZOO bu. Primary receipts
year ago. Minneapolis. Duluth and
Chicago reported receipts of 36l cars.
against zlS cars last week and 311 cars
a year ago.
Notwithstanding the sharp break in
Wneat prices the corn market was com
paratlvely firm. At the start the market
showed some weakness as result of
lower prices at Liverpool and in SYM
pathy with wheat. Later shorts started
10 cover on small estimated receipts for
tomorrow. Offerings, however. were
iight; ana In consequence a frmer tone
9eNeioped- May opened unchanged to &c
lower at 4sc to 4SKc sold between 4sSc
and 41% 947Ac and closed at the top.
Local receipts were 425 cars with IL OF
contract grade
weakness of wheat had depressing eff
Ieet on the oats market. A general
Iquioaron was feature early In the
DAY. Shorts were the best buyers Dur
ing the last part of the session trading
was very light. May opened unchanged
tween 3Ohe and 307sc and closed at 3Os. c.
Local receipts were 152.
Provisions
"A large increase in stocks and liberal
receipts OF live hogs caused weakness in
provisions Trading. however, was very
nsnt at the close. May pork was off 25b a
&C at $l2 .17h. Lard and ribs were each
$3.50. -N 'O'o' "
Estimated receipts for tomorrow:
Wheat. % cars; corn. 254 cars; oats, 14S
cars; hogs. $4,000 head
Cash quotations were as follows: Flour
easy: No. spring wheat, slOS61.I3: No.
s. u .O2n1. u: No. red s1136I .I5L
NO. corn. 4I1zc; No. yellow. 4Sc. No. 9
oats; SORc: No. white, 32A G33Jkc: No.
white, BOZ @32c. No. rye, 7S67sHc.
Good feeding barley. ISOLDE; fair to
cnoice mailing. 43647c. No. / fiaxseed
s1.25; No. / northwestern. s1.s7 Mess
pork, per brl. s12.70@1275. Lard. per
100 lbs. S6.971h al 90. Short ribs sides
Qoosel. s6.75@7. 90. Short clear sides
Sboxed). 7.00m7 .12h. Whisky basis of
hlghwines. $1.23. Clover contract grade
81: 80. Receipts-Flour. %. 200 brls: wheat
5000 bu; corn. 400 blu; oats, PSI. 800
bu; barley, $1,000 bu. Shipments-FIour.
5000 brls; wheat, 2S. 500 bu; corn. 242 200
bu; oats 500 bu; barley, G. 500 bu. on
the produce exchange today the butter
market. was firm; creameries. 20627c:
dairies, 1s@23c. Eggs steady; at mark
cases included. Ice; firsts. ice; spring
nrsts, lie; extras, 1Sc. Cheese steady to
firm, 12q131kc -