The Saint Paul globe., 1905-04-08
PROVISIONS FIRM
And WHEAT STEADY
Corn and Oats Show Little
Change-Lard and Ribs
Strong

CHICAGO, April Liquidation of the
May wheat option caused general weak
ness in the wheat market today. Some
but at the close May wheat was still down
&c. July is unchanged. July corn is of
1sc. Oats are unchanged. Provisions are
&c TO Ice higher
Liberal movement of wheat in the
northwest started scattered selling Of May
here at the opening. The sales were re-
inforced by moderate profit taking on the
part OF several Influential longs The re-
suit was decided weakness. Initial quota
tions on May were Ac to sc lower, at
s1.l7 to s1.1Ih. July was a shade TO hc
half hour the demand was very light and
prices declined still further. May drop
ping to lie. July sold on to S71zc. The
distant futures were affected by continued
lures in the west and northwest being
slightly higher and rains being quite plen-
tiful in the Ohio valley. The market.
quite dull at the outset became almost
lifeless after the first hour. Uncertainty
regarding the May deal held many traders
in suspense. Late in the day the market
grew more active and recovered much of
the early loss. Covering by shorts was
the feature. An estimate OF reduced ship
ments from India had considerabl BILE In
f1uence on late trading. July was in best
demand and sold up to SS%c. The closing
at s1.16Z
SleaFanceS OF wheat ana hour were
equal to 25L0e0 bu. Exports for the week,
as shown by Bradstreet's. were equal to
Ss6. 900 bu. Primary receipts were 80 900
blu. compared with 1885, 900 bu a year ago.
receipts of 265 cars against pa cars last
week and PA cars year ago.
Corn
Corn was not in much demand today
and while there was no special pressure
to sell: offerings were sufficiently heavy to
afer1w NlEfrn III Il
moderately. Continued excellent weather
was a bearish factor. decline
at Liverpool, also tended to weak
proved late in the day and much of the
early loss was regained. The demand
came principally from elevator interests
The estimated small receipts for tomor-
row had bullish effect during the first
hour of trading. July opened isc to sc
lower, at 47&c to 47kc, sold between
1% Q4Sc and closed at 477sc. Local re-
ceipts were 2s3 cars. with Sc of contract
grade.
In comparison with other grains the oats
market was quite firm. The main factor
was the declining tendency of local re-
ceipts The volume OF trading was small
July opened unchanged at 29ssc. sold be-
tween 29isc and 29a4 Gp295sc and closed at
2sssc. Local receipts were 81 cars.
Provisions
Trading in provisions was extremely
quiet, but the market had a firm under
tone: A local packer was a moderate
purchaser. At the close July pork was
up 10c. at s13.15. Lard was 21s 65c high
er, at S.45@747h. Ribs were up 5@71kc.
Estimated receipts for tomorrow:
Wheat. 10 cars; corn, 216 cars; oats, "A
cars; hogs. 10000 head
Cash quotations were as follows: Flour
Easy. No. 2 spring wheat, $11061.15; No.
3. S1.O2@1.14; No. = red. s1.166L1S. No. .
corn, 4SAc; No. yellow. 4s%c. No. 2
oats. Soc; No. 3 white, 301k 932ikc. No. 2
rye, 1SG7Slkc. Good feeding barley, 37D
39c; fair to choice mailing. 43647c No.
! fiaxseed. $1.23: No / northwestern, $137.
Mess pork, per brl. S12.S5@12.90. Lard,
per 100 lbs. s7.15@7.171s Short ribs sides
qoosel; $1,000 12h: Short, clear sides
(boxed). $7.00@I121s Whisky. basis of
highwines. s1.23. Clover contract grade.
$14.35 5G14.40. Receipts-Flour. 80. 900 brls;
wheat $4,000 bu; corn. go. 100 bu: oats,
lee,soO bu: rye. 1000 bu; barley. 80, 600 bu.
Shipments-Flour. l.. 800 brls; wheat, 16.-
800 bu; corn. 179, 900 bu; oats. I25. 100 bu;
rye. 1900 bu; barley. $500 bu On the Pro-
duce Exchange today the butter market
was steady; creameries. 22@2sc; dairies.
2OG25c. Eggs-Firmer; at mark. cases
included. 16isc; firsts. f6Izc; prime firsts.
lI%c; extras, 19c. Cheese-Firm; 121k a
131Sc