The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-30
CORN AND OATS WEAK
ON LIQUIDATION
July and September Wheat
Make Another Low Point,
But Recover Later

CHICAGO. March 2s.-Heavy liquidation
chicago board of trade today. AS a re-
SUIT OF TINS profit taking prices declined
materially, the May option closing with
oy the break in corn. the July delivery
closing at a decline of hGLc MAY oats
are down &c. Provisions are practically
d, Interest of traders today centered in
me corn pit The market was a big
i amair w, with n profit taking by a prominent
one trader are said to have exceeded
100000 bushels. Influenced by this
heavy liquidation pit traders became short
sellers, thus adding to the already weak
SITUATION. One OF the reasons for the I'M
usual selling pressure. Ii is claimed. was
the exceptionally good weather conditions
and the prospects of extremely early
corn planting. One report claimed that
planting will be over in Central Missouri
IN two weeks Another factor. however,
mat Is said TO be exerting powerful in
nuence on the corn market at the present
tlme Is the probability of heavy move
ment OF corn from Argentina in the i'm
nelped TO create the bearish sentiment.
The market opened steady with May un-
changed to shade higher at 475sc to AIS
a4Sc. For time a comparatively firm
tone prevailed. May advancing to 4sc on
covering by shorts. One of the principal
longs then started to sell out part of his
holdings, but demand was not sufficient
to absorb the offerings, and in conse-
quence prices steadily declined. After
May had sold off to 46kc. the market
part OF the loss being regained. The
close, however. was rather weak with
May of 1s@Ac at 1sG47Ac. Local re-
celpts were 200 cars with two of contract
grade.
Wheat
The wheat market was affected to a
large extent by the slump in corn. A sec
x1yas. H.
lent weather conditions and additional
reports OF the favorable progress of the
growing crop. An optimistic report from
Kentucky was that more wheat will be
raised in that section than ever. While
the acreage is not as large il was assert
ed that the condition of the crop is close
This report was supplemented by one
from Kansas asserting that the total acre
age devoted TO wheat in that state is 5
per cent greater than ever before and that
the condition of the new crop could not be
eXcelled. July opened &c lower 10 &c
higher at ssh @ss%c. During the first
paratively steady, but with the break in
corn prices gradually yielded. July de-
Ginning TO S1ac. The market rallied ma
tsrially late in the day on covering by
shorts. There was also some disposition
manifested TO take on long wheat in view
OF the decline in the value of future de-
quotations on July were at SS1k 6SS%c
May opened unchanged to &c lower at
N.11A OLE. sold between $1.11& and
N12h and closed at $1.12%
ClearanceS of wheat and -four were equal
TO las, 100 bu. Primary receipts were 32S-
200 Blu, compared with 334. 800 blu a year
ago: Minneapolis. Duluth and Chicago re-
ported receipts of 240 Cars, against 154
cars last week and pa cars year ago.
Oats
Trading in oats was active, liquidation
by local and outside holders being of con-
SIDERABLE volume The market was in
fuenced to large extent by the weak
ness of other grains. May opened I'M
changed to &c lower at 29hc to 295sc
sold between 29c and 29Zc and closed at
2sssc. Local receipts were 119 cars.
Provisions
The feature Of trading in provisions
was moderate realizing in pork resulting
caused a rally. the market closing steady.
May pork closed a shade lower at s12.671k.
Lard was up shade at s7:121z. Ribs were
unchanged at $6.92h G6.95.
Estimated receipts for tomorrow,
Wheat. % cars; corn. 325 cars; oats, 10S
cars; hogs. 10000 head.
Cash quotations were as follows: Flour
3. s1.O0@1.11; No. red, S1.1I% 6113h
No. corn. 47Ac; No. . yellow, 471kc. No.
2;S oats 5 SSase; No; white. s23fe; No.
feeding barley. S793sc; fair to choice
mailing, 43G47c. No. 1 fiaxseed. s1.24;
No ] northwestern; s1;S7- Mess pork. per
G7.0e15. Short ribs sides tloose). s6S7S
600. Short clear sides (boxed), $6.S7h a.
100 Whisky. basis of highwines s1.23.
Clover, contract grade, $3.50. Receipts
Flour. $4,000 brls.; wheat. AZ. 600 bu; corn.
Col 500 bu; oats. 40S.300 bu; rye 9. 900 bu; ]
barley. ia. 100 bu. Shipments-F1our. D.
400 brls; wheat. 80. 900 bu: corn, 315. 200 bu;
oats. l1S,2OO bu; rye. 300 blu; barley, 49,
300 bu. On the Produce Exchange today
the butter market easier; creameries 30
@29c; diaries. 21625c. Eggs-Easier. at
Cd CT
prime firsts. lie; extras, 1Sc. Cheese
Firm, 12@13ihc.