The Saint Paul globe., 1905-04-16
HEAVY SELLING IN
CORN AND OATS
Wheat Shows Little Change at
the Close From the Pre-
vi0us Day


CHICAGO, April 15.-Liquidation
fiuence today on the wheat market in
general. Damage reports from Ne
braska, however, had a counterbalanc-
ing effect, causing July wheat to close
with a gain of &c. May wheat is
down 1sc. Corn shows a loss OF &c,
oats &c and provisions 21s @71sc.
Wheat
Notwithstanding a sharp decline at
Liverpool, due to predictions of a lib
eral Increase in worlds shipments, the
wheat market here opened firm In
ltial quotations on July were up IA
&c, at SIS GSScs May was up so
lhc, at $l15 Y @116. One cause of the
opening strength was a decided drop
In temperature throughout the west
and southwest. The strength of MAY
was due to information from Minneap-
oils that May wheat there was up over
lc on the curb. In the northwest snow
was reported in many sections. Senti-
ment soon became bearish, however. on
selling of May by houses supposed to
be acting for a Wall street coterie. A
prominent long here was also credited
with selling May. Within a short time
the price of May had descended to
enlng influence on the more distant fu-
lures. July gradually declined to S7kc.
An increase in primary receipts tended
also to create bearish sentiment. Later.
however, future deliveries became
quite firm on covering by shorts. Part
of the buying resulted from a few ad-
ditional reports of damage to the crop
In Nebraska. Another factor was a
forecast of extreme cold weather. The
demand was sufficient to force July up
TO SS1s @SSHc. The May delivery
however, was inclined to drag under
persistent selling by influential traders.
AT the close July sold at S7%c. May
closed at S1.14%.
Clearances of wheat and -four were
equal to 234,700 bu. Primary receipts
were 305,000 bu, compared with 221.-
300 bu a year ago. Minneapolis, Du-
luth and Chicago reported receipts of
229 cars, against 16S cars last week and
l56 cars year ago.
Corn
The chief feature of trading in the
corn market was heavy realizing in
May. Cash houses were liberal sellers.
Probability of the resumption of a
heaVy movement resulting from early
completion of spring work on farms
was one of the principal bearish fac
tors. Lower prices eat Liverpool, in
anticipation of increased Shipments
from Argentina aided the bears here.
July opened unchanged to a shade
lower, at 4SA @4S%c to 4S3sc, sold off
TO 47ss a 41Ac, and closed at 4Sc. May
ranged between 45Zc and 1870. and
closed at 475sc. Local receipts were
lO4 cars, with 10 of contract grade.
Oats
Selling by longs and commission
houses caused weak undertone in the
oats market. Buying was principally
by shorts. Weakness of corn was the
cause of the depressing factor. Prices
at the sample tables were off LM1c.
and shipping demand was extremely
dull. July opened unchanged at 30c.
sold between 29Ac C and 30630hc, clos
ing at ZSHsc. Local receipts, 6S cars.
Provisions
Provisions were moderately firm
early in the session, owing to sc ad-
vance in the price of hogs. Later the
provision market weakened in sym-
pathy with a break in corn nrices
Trading was very quiet. AT the close
July pork was off 7lsc, at $500. Lard
was down 21Ac, at $7.45. Ribs were DC
lower, at s7.271k @7.3O.
Estimated receipts for Monday:
Wheat. 5S cars; corn, 161 cars; oats, so
cars; hogs. $1,000 head.
Cash quotations We're as follows:
straights, 81 1904 SO: spring patentS
:S.O0g5 10; straights. 81 sOa4. SO; bakers
;;4o@S go No: 2 pring. wheat. s1.O5G
I-I2' NO. g., sScqs1 -; No. red, sI.149
10. No. corn, 4724c; No. 2 yellow.
$50 9SZe: No. ? oats. 32lkc: No. 2 white,
&c Good feeding barley, 37639c; fair
70 CHOICE mailing, 11@14c. No faxseed,
Sl.Z5; No. i northwestern, $1.39. Mess
pork. per Dbl. S12.70012.75 Lard-Per 100
lbs; 81 15a7.17is. Short ribs sides Ooose).
se.St y epl.12k. Short clear sides (boxed).
wines s1ss cIoVer cosT contfact eaSs Of grada high
x14. 90. Receipts-Flour, 1900 brls:
wheat, $4,000 bu; corn. 161.100 bu; oats
IZl,SOO bu; rye, 7.400 bu; barley, AS 900
bu Shipments-F1our, u, 100 brls; wheat.
ttS.sVO bu; corn. 641 200 bu; oats. 152, 100
Du; rye, $500 bu; barley. 10. 100 bu. On
the produce exchange today the butter
market was firm; creameries 2463Oc;
oalrles. 23Q2Sc. Eggs easier. at mark.
cases included, Ice; frsts Ice: prime
1Ists; IgIsts lie; extras. 1Sc. Cheese steady,
A"72VA7S.