The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-04-02
FUTURES
ARE VERY WEAK
Traders Still Pounding July
and September Wheat on
Bright Prospects

CHICAGO, April Increased ship
ments from Australia and continued
excellent weather in the United States
caused fresh decline here today in
the price of wheat. At the close wheat
Tor July delivery was down &c. Corn
was off u a &c. Oats showed u gain.
provisions were practically unchanged.
Wheat
Under general selling pressure, the
wheat market was weak throughout
the entire session. At the opening
sentiment was effected by a consider
able decline at Liverpool, resulting
from increased shipments from Aus
tralia. Initial quotations on July were
a a sc. lower, at SS@SShc. Pit
traders sold July and the offerings
were taken by commission houses.
After dip to SIX @Bc July rallied to
SSA on covering by shorts. The firm
ness, however, was only momentarily.
A local crop expert report which ex-
ercised little bearish effect yester-
day seemed to have acquired greater
significance over night and appeared
today an effectual barrier in the way
of any bull movement. The weather
throughout the country was again ex-
tremely favorable for the rapid adj
vancement of the new crop. Reports
OF bright prospects for an early and
abundant harvest formed the underly-
ing basis OF a decidedly weak situa-
ton that developed as trading prog
reSSed. Prices here were also affected
by weakness of northwestern markets.
After July had dropped to S7Ac, some
recovery took place on a fair demand
from shorts. The close, however, was
weak with July at S7%c. May sold
between $1.12z @1.13A, and closed at
$113%
1f
equal to $500 blu. Primary receipts
were 312,7O0 blu. compared with $4,000
blu a year ago.
Weakness OF wheat had a bearish
effect on the corn market. Large clear
anceS, however, nearly offset this in
f1uence. The volume of trading was
very small. Shorts were the principal
purchasers. May opened a shade
lower to a shade higher at AK 647kc,
sold between 46% a &c and Also, and
closed at 47c. Local receipts were PIP
cars, with 1 of contract grade.
Oats
Smaller receipts gave some frmness
to the oats market. The demand, how
ever, was extremely quiet. May opened
unchanged to &c higher at 90 q @2shc,
sold up to 29%@Bc, and closed at
ES7sc. -LOcal receipts were 1OS cars.
Provisions
firm undertone was manifested In
|sprovisions in sympathy with the higher
prices for live hogs. Trading was feature
less, the volume of business being very
small. AT the close May pork was up a
shade at So. 12h; lard was unchanged
at N.1219 @7.16, and ribs We're a shade
higher at $6.97h @7.00.
Estimated receipts for Monday: Wheat
81 cars; corn, 465 cars; oats, 146 cars;
hogs, $1,000 head.
Cash quotations were as follows: Flour
easy. No. spring wheat $1.0S61.12;
No. 3, $1-00@1-10; No. 2 red, s1l0A al
1.l4%- No. corn, 46%c; No 2
yellow corn, 47Ac; No. oats,
29asc; No. white, 321zc; No. 8 white
29S @31l1c- No 2 rye, 7S1kc. Good feed
ing barley, 37@39c; fair to choice mailing.
43@47c. No. flaxseed. 1924; No i
northwestern. s1.37 Mess pork, per brl.
81. 5@12.70. Lard. per 100 lbs, $7S7h0
500 Short ribs sides Qoose). $6S7jb6D
100 Short clear sides (boxed) S6.75m
6.SI1z. Whisky. basis of highwines, 81 %
Clover, contract grade, 1875. Receipts
Flour. 1O1OO brls; wheat, &C, 900 bu; corn
S37, 200 bu; oats 179. 800 bu; rye 1000 bu;
barley, 1880 bu. Shipments-Flour 90
600 brls; wheat, SO. 400 bu; corn. 4S9 800
bu; oats, 261,SO0 bu; rye, $500 bu: bar
ley, $4,000 bu. On the Produce Exchange
today the butter market was easy; cream
cry, 22M2Sc; diaries. 20625;c Eggs
Steady at mark cases included, Ice:
fiTsts, Ice; prime firsts, lie; extras. ISc
Cheese steady, 12G131sc.