The Saint Paul globe., 1905-03-17

CHlCAGO, March 16-Mild weather in
the southwest was an incentive for con-
tinued general selling of wheat today by
pit traders. At the close July wheat was
OF BgAc. May is up sc. Corn is
Provisions are practically unchanged.
Wheat
The wheat market opened weak May
was 1sc TO Ac lower at S1-12% G1.121.
ana July was down shade to u a sc. at
91S @91Mc. The principal influences were
lower cables and continued favorable
weather in the west and southwest. Pit
traders generally favored the selling side.
but the volume of business was not large.
The principal trading was I'm the July OPP
ferred futures became still weaker, July
declining to 91Hc. Bullish news from
minneapolis regarding the flour situation
there had steadying effect on the May
delivery, the lowest point on which was
reached at s1.12%. Small receipts in the
northwest also tended to support the
price @ OF May wheat. feature of the late
trading was the reported purchase Of
about 1.0OO,0 600 bu of July by a prominent
commission house. The effect OF this was
10 cause rally in prices. May advanced TO
lzing, however, resulted in renewed weak
ness. Final quotations on May were at
sl1SS. July closed at s1&c.
Clearances of wheat and flour were
equal to 71.s0O bu. Primary receipts were
S53,3OO bu, compared with 500 bu a
year ago. Minneapolis, Duluth and Chi
eago reported receipts of us cars. against
266 cars last week, and 29O cars year
ago.
Larger receipts than expected caused
considerable selling of corn early in the
session, resulting in some weakness. The
selling, however. was held in check by
predictions OF wet weather for the corn
belt the effect of which would be to ma
terlauy lessen receipts. Longs showed
some disposition TO take profits. The
roll lntA a., n nv
In sympathy with the bulge in wheat, but
pront taking soon caused renewed weak
ness May opened 1sc to AGAc lower at
49Ac TO 49A 949%c. sold between 4Shc
and 4s1k @49ssc and closed at 4shc. Local
receipts were 324 cars, with OF contract
grade.
Trading in the oats market was very
quiet. Sentiment was inclined to bearish-
ness owing to weakness of other grains-
May opened a shade to &c lower at &c to
32@32lsc. sold between 31% C and 32632hc
and closed at 3l%c. Local receipts were
191 cars.
Provisions
Provisions showed considerable strength
High prices at Liverpool and continued
Ilght receipts of hogs were bullish factors
day. AT the close May pork and ribs were
each up a shade at $12.771k and s6.92k re-
spectively. Lard was up 21kc at s7.l21k
~, Estimated receipts for tomorrow:
cars; hogs, $4,000 head
Cash quotations We're as follows: Flour
easy No. spring wheat, S1.0SG1.12; No.
3, SlO2S1.1l; No. red, s1.13% QL15h;
No. corn, 4SAc; No. 2 yellow, 4S1kc
No; oats, S21zc; No. 2 white, 34c; No.
white, 81 Is q33c. No. 2 rye, 7s1kc. Good
mailing. 43G47c. No. 1 fiaxseed. s1.25;
No. l northwestern. s1.37. Mess pork. per
brl, 81. T0@l2.75. Lard. per 100 lbs, So 971s
Q1.OO. Short ribs sides Ooose) $6.75M
100. Short clear sides (boxed), s6.S71z "a
200. Whisky, basis of highwines. s1.23.
Glover, contract grade, $12.35. Receipts
$500 bu; oats. 303. 100 bu; rye. 5000 bu;
barley. S1.100 bu. Shipments-Flour 90
500 brls; wheat, 20,600 bu; corn, 219. 700
bu; oats, 12S,300 bu; rye, 1900 bu; barley
1900 bu. On the produce exchange today
the butter market was steady; creameries,
21q25c; dairies, 1S@23c. Eggs-Easy: at
prime firsts. 15c: extras, Ice. Cheese
Steady at 12G13hc.