The Saint Paul globe., 1905-02-24

Minneapolis were chiefly responsible for
loss of sGAc to &c in wheat values
here today. Corn is up a shade to nc.
Oats are of MAc Provisions are down
10c TO 271zc lower.
Wheat
Feeling at the opening of the wheat
market was favorable to the bulls. An
advance in the Liverpool cables because of
pad crop reports from India together
with marked falling off in receipts at
Duluth. We're the influences. May started
VI 9ihcnanged cnSl to Ac higher at -1sb to
sLdSE July was shade TO lsc up at
sl-01B to s1.017s@1.02. The opening
range. however. marked the highest point
OF the day in deliveries, a decline to
following Immediately. With temporary ex-
eeptions, the market thereafter ruled
duil and depressed. A showing Of in
creased receipts at Minneapolis. AIS cars
against 4O3 for the corresponding day last
year. was the immediate cause for the
reaction, though the fact that the pri
compared with 494, 600 bushels a year ago.
contributed to the easier tone Seeming
rear OF some unexpected maneuver by the
bull operators however restrained Of
ferings to some extent. Covering by un-
easy shorts also tended to improve the
tone for a time. May sold back to s1-19
When the temporary demand was salts
fled The close was easy at the bottom
for May. July receded to S1.O1h6lOIss
and closed at $I.01ss
ported receipts of $50 cars for two days
against 243 cars for Thursday OF last
week and 25S cars for one day year ago.
Clearances of wheat and flour were equal
80 l'560a bushels against 242 600 bushels
for four days year ago.
Corn
Corn was strong at the start, there ap-
parently being an impression among trad
ers that farmers We're not likely to in
crease offerings at prevailing prices. May
10 of 70 k0
July showed like gain at 47hG47&c.
Buying also was stimulated by a belief
that Eastern spectators have accumu-
iated good sized line of the cereal. A
further advance to 471s 647Ac for May
and TO 41ss @47%c for July ensued Much
OF the Improvement was lost on selling on
acting for a leading long In consequence
Of the supposed cause of the selling a
number of the early buyers switched to
the opposite side. An easy tone resulted.
which carried the nearer option back to
46A q46kc and the deferred month to
EAc. The close was easy at s6Z G47c
for May and 471zc for July. Local re-
ceipts were III cars
Oats
Oats were steady with other grains at
the outset. but became heavy and lower
on selling by commission houses and cash
interests. The market seemingly felt the
effect of the reduction of rates for ship
ment throughout the Northwest. Accept
ances from Iowa were reported to be the
largest in months. There was little sup
port except for some local short covering
and commission house demand on rest
ing orders. May started unchanged at
81 1sc and after shade of improvement
sold on TO 30%c, closing easy at 307sc.
July was a shade higher at the opening
at Bic, advanced &c and declined to 30ss a
3o%c, closing at 30%c. Local receipts
were 103 cars.
Provisions
Heavy receipts of hogs at the yards was
the chief influence on provisions. Commits
sion houses sold freely and with but
scattered support, prices throughout the
list suffered. July pork closed 2715c low
er at sl2.70. July lard 10c lower at sG.95.
July ribs We're of 17hc at $3.50.
Estimated receipts for tomorrow:
Wheat, 46 cars; corn. 522 cars; oats. 235