The Saint Paul globe., 1905-03-25
JULY SELLS At SEC
AND SEPT. AT SAC
Wheat Weak Up to a Short
Time Before the Close
Corn Strong

CHICAGO. March 24.-Liberal ship
ments from Argentina and constantly
prlghtening prospects of a bumper crop
IN IN the United States caused weakness in
tne wheat market here today. At the
ciose wheat for May. delivery was down
sc July wheat is off K62sc- May corn
Is also off kQ%c. Oats are unchanged
and provisions are up &C.
Wheat
From the outset the wheat market was
under the influence of increased ship
ments from Argentina and continued ex-
sellent weather conditions in the United
states Soate May Ia, wheat opened &c to &c
&c to &c, at 90Ac to s0hc. On the
initial break fair demand developed for
eennee july delvery, causing an advance 10
dull. Large receipts in the northwest
ana extreme weakness at Minneapolis ac-
counted for the inactivity OF May. AS
trading progressed. sentiment In the pit
became more bearish. The main consid-
eratlon apparently was a growing belief
that the fall sown crop Of wheat would
various sections of the winter wheat belt
reiterated reports OF favorable progress
In the growth of the plant
Of Louis trade papers weekly report
on crop progress was construed especially
Dearlsh- The condition of the crop, ac-
cording to this report is excellent for this
tine OF the year, there being few indica-
lions OF damage. A feature of the report
was reference TO the fact that the plant
Is growing where there had been failure
10 germinate earlier in the season. The
receipts. arrivals today being considerably
IN excess OF the total for the correspond
ing DAY a year ago. With practically no
support prices steadily declined until May
S9%c. Late in the day some recovery
TOOK place on a report that the leaders in
the May deal had decided to rally to the
support OF that option. The market, how
ever closed rather weak with May at
Sl.12k. Final quotations on July We're at
9OSs @9O1sc. Clearances of wheat and
hour were equal TO 17S.900 bu. Exports
Ior the week were equal to l.045,000 bu.
Primary receipts We're 467,7 bu. COM
pared with 415.S0O bu a year ago.
Minneapolis, Duluth and Chicago re
cars last week and 346 cars year ago.
Considering the weakness Of wheat the
corn market showed considerable strength
Higher cables resulting from decreased
shipments for Argentina gave the mar
try told of the poor condition of roads.
and the inference drawn by many traders
was that receipts would soon begin to
fall off, This helped to stimulate de-
mand. Commission houses were the prin-
cipai buyers. Cash houses sold. The
market held firm the entire day. closing
prices being almost at the highest point.
May opened shade lower to &c higher
at 4SA G4SSs TO 4Skc, sold between 4Sk c
and 4S%c, and closed at 4S% G4s%c Lo-
cal receipts were 2S1 cars, with Of con-
tract grade.
Sentiment in the oats pit was rather
pearlSh as result of warmer weather.
Cash houses were the principal sellers.
Increased local receipts had a weakening
influence. May opened unchanged to a
shade higher at 30%c to 3oz 6307sc, sold
petween SO1%c and 30% Q305sc and closed
at 3O%c Local receipts were 143 cars.
Provisions
Provisions were firm in sympathy with
higher prices for live hogs The volume
OF trading was very small. May pork
closed at an advance of sc at So S2h.
Lard and ribs also were up sc at s7.I2H
Q7.15 and s6.92h Q695.
estimated receipts for tomorrow:
Wheat, "a cars; corn, 410 cars; oats
221 cars; hogs, $4,000 head.
Cash quotations were as follows: Flour
easy No; spring wheat, :1.os91. y; No.
No. corn, 4Sc; No. yellow, 4Sj4c No. 2
cats. 30%c; No. 2 white, 32hc; No. 8
white. So1e @31%c. No. rye, 7SG7s1kc
Good feeding barley. 3S@4Oc; fair TO choice
mailing. 4S@47c. No. / faxseed. s1.24 !;
No. ! northwestern. s1-s6. Mess pork. per
brl: 2.75g12. so. Lard. per 100 lbs. $1,000
le23s. Short ribs sides Cloose). 1880
100. Short clear sides (boxed), 81 Goa
I:l2h. Whisky, basis OF highwines, s1.23
Clover, contract grade. s13.S5. Flour, AZ
bu; 5G so oats: 2S5 200 bu; rye, 1000 bu; barley.
wheat, 40,500 bu; corn. AS. 200 bu; oats.
los, 400 bu; rye, $500 bu; barley. 247O0
bu. On the produce exchange today the
butter market was firm; creamery, 200
cases included. 1skc; firsts, Ice; prime