The Saint Paul globe., 1905-04-08
CHICAGO QUOTATIONS

were diScounting ii in advance. The Mod
ern Miller report, which will be found in
detail below, was bearish. For the pres
ent il looks as though the market would
be of small scalping character and main
ly among the professional pit element.
There was a good cash demand for No.
/ northern at 212@3c over May. the bulk
of it going at Sc over. No. northern was
in fair demand at 1@212c under May. The
better class of No. 3 and sold fairly well,
but poor stuff was slow and hard to sell.
We shipped 100, 900 bu of wheat and 49,,
900 brls of flour.
May wheat opened a cent lower at
$1.0S&, sold at s1.09@1.091s. broke to
$1.0SA advanced again to 81 .e9 and closed
S1.03, dropped to $1.0214 D1.02ss, advanced
to $1.OSA and closed at s102B. Septem,,
Der opened at S43sc, sold at sac, advanced
to S42zc and closed at $3.50.
Our stocks show a decrease of 500, 900
bu for the week. Receipts, 221 cars
against ia a year ago. Duluth 80 against
and st. Louis $4,000 bu. Clearahces of
wheat and flour PSI, 600 bu. and for the
week $4,000 bu. against 1854. 600 -ou a
ago 5s pGd lar ecep5s $0O Sg
$4,000 bu against $4,000 bu. Argentine
shipments S,52SO0o bu against 2.616,OOO bu
last week and $500, 900 bu last year.
Liverpool wheat closed 1s@Ld higher,
London unchanged, Berlin 1sc higher,
Budapest 1sc lower Antwerp &c lower.
Paris wheat 15@25 centimes higher and
hour sUhI ~ ce1IInleS nlEnef.
Modern Miller-Special investigation as
to the presence of Hessian fly or other
field pests in winter wheat reveals less
evidence of insect life than usual at this
general continue excellent. There is COM
plaint of backward growth on thin soil and
damage by ice on low lands. In Texas
and Tennessee the plant is too forward.
Rain is needed in Ohio. The least favor
able prospect is in Illinois, where the crop
is reported spotted.
Liverpool -Wheat-The belief that no
damage has been done in Kansas by the
frost caused opening declines of I'D to
ssd, with further losses of I'D to I'D
later. During the morning a firm under
tone developed on the Argentine ship
ments being less than estimated the large
decrease in the Argentine visible supply
and a good demand both for Argentine
wheat on the spot and for La Plata car
goes. prices reacting in consequence sd
to I'd from the low point. Corn-As the
result of cheaper American offers opening
prices were Il d lower with additional de-
clines of I'D TO 4 soon after Later Nav
reacted sd in sympathy with the frmness
in wheat.
Broomhall-The Argentine wheat mar
kets are easy with but a small export de-
mand. Arrivals from the interior are mod
crate with the quality continuing to give
satisfaction. The corn market was firm
and there is a small demand from export
erS. The corn harvest is progressing sat
isfactory with favorable weather.
Chicago Cash Business-Cash handlers
of wheat say they have more good red
winter wheat offered to arrive than they
care TO buy. The milling demand Thurs
day was slow and sales aggregated 10000
bu. Contract grades We're unchanged.
considering the relative difference in the
May. No. red held at 1c over May in
store. No. 1 northern May price in store
and No. hard sac under May. There
We're sales of No. 3 hard at 81 .0S1k to
s1.12; No. > red. 81 10 to Sill; No. 4
spring, 74c to 81 O31s; No. northern,
81 10 Kansas City reported an absence
of demand from any quarter and No. .
hard was 81 90 to 81 :O5 f. o: b, st; Louis
81: 10A. The seaboard reported export
sales of corn at 4S, 600 bu.
Weather-Map shows generally clear
conditions all over the country, with light
There was .06 precipitation at Chicago
and trace at st. Louis. Heavy frost in
Tennessee and Georgia and light frost at
Louisville. KY. In extreme north and
warmer 26 to A. Northwest is clear, y
TO so. West and southwest clear.
Forecast-Illinois, Indiana, Missouri
lower Michigan, generally fair tonight and
Saturday: warmer Saturday. Iowa, Ne
braska, Kansas and Dakotas. generally
fair fan tonight and Saturday. Wisconsin,
Minnesota. partly cloudy tonight and Sat-
urday. Upper Michigan, threatening
with rain or snow Saturday in northwest
ern portion tonight; warmer Saturday.
Closing Cash Grain Prices
No; ] hard, $1.1Ss4 No. i northern.
81; l0A al. 11% No. 2 northern, 81 O5%a "a
1:o6&; No. 3 wheat. 96s4 @9s%c: No. /
8 corn. 43c; No. 3 oats. 27Ss 02Slsc; No. 3
white oats, 2SSsc; barley, 36G43c; rye,
1914 @11%c; No. ! flax on spot. 81 3Ss4 !;
NO. l flax TO arrive, $1.3712: No / fax,
April option, 81 .3715
Puts and Calls
Minneapolis May puts. S1.O7; calls.
calls, 81 .059s; curb, l.02ss. Milwaukee
May wheat puts, S1.14; calls. 81. 1917 |:
July, wheat puts, S79sc; calls. SS14 6SS3sc;
May corn puts, 4Sc; calls, 4Skc; July
corn puts, 47Esc; calls, 4Sc
Minneapolis Receipts and Shipments
Receipts. Shipments
09fn 0sfn '....'............' ., $50 1850