The Saint Paul globe., 1905-03-11
SHARP BREAK IN
JULY And SEPTEMBER
Modern MiIIer's Reports Bear
ish-Msy Wheat Badly
Congested


CHICAGO. March 1o-Reports of favor
able condition OF fan sown wheat caused
= oecnne OF ~ G2asc here today in price
Oh the July option; Part of the loss was
shorts: The close. however. was weak.
with July down 1&c Nav IS off &C.
Corn shows loss of h6Lc Oats are
,nncnansed and provisions 75kc TO 1211c
Extreme duiiness prevailed in the wheat
pit during the first half OF the session.
Locai operators seemed disposed TO await
Puonc acuon OF estimates made by gov
ernment officials on the amount of wheat
IN farmers hands At the start the feel
ing Was rather nervous initial quotations
higher at 81 is4 to 81 ~ s july NJ was S"a a
shade higher to 4 "a sc lower at s37zc TO
s4Ac. As trading progressed. however.
ing fair buyers. Selling was scattered.
May advanced to 81 .14A ara July to s4L
4S44sc. Toward the middle Of the day
senument suddenly became exceedingly
pearlSn, largely as result Of the show
ing OF crop report by ST. Louis trade
journal According to this report weather
conoilons tne past week have been sea-
sonabiy favorable for the advancement OF
the winter wheat crop. The claim was
made that In localities where II was
reared covering OF ice had smothered
age has yet appeared. Extreme weak
ness In Southwestern markets emphasized
TN, the selling pressure here on the July de
nvery: WIN very little demand the price
OF tnat option declined to 92c. May sold
on 10 81 On the break shorts covered
moderately. causing a partial rally. The
close, however was weak with May at
s5x sS;xlS1s gil ISss. July closed at 92lsQ
Clearances of wheat and -four were
equal to IA 900 bu. Exports for the week.
1885. 900. Primary receipts Mere 4os. 100
bu, against 546.100 bu a year ago. Min
neapoiis. Duluth and Chicago reported re-
ceipts OF 295 cars. against 2S2 cars last
Corn
Light acceptances from the country gave
a f1fm tone to the corn market early in
the day. Later the market became easier.
along with the slump in wheat. Fears of
a oearisn government report also contrib
uted 10 the weaker undertone. Nav OPEN
ed shade to 1sGLc higher at lSLc to
4SSsc, sold OF to 475sc and closed at 4sc.
Local receipts were 397 cars. with OF
contract grade.
Weakness OF wheat and corn caused a
slightly lower trend in oats values.
Smaller receipts than expected partly Off
set the influence of the decline in other
grams Pit traders sold moderately on a
rumor that the government report would
be bearlsh- May opened &c higher at
S2c. sold between 31s.c and 32@32lsc and
closed at Sl5sc. Local receipts were 1S9
cars.
Provisions
Provisions were weak on selling OF
pork and ribs by pit traders. The break
In wheat had some effect on this market.
A report that local stocks were increas-
Ing also created some bearishness. Pack
ers were moderate buyers. At. the close
May pork was off 10@121kc at s12 .52k.
Lard and ribs were each down 7hc at
1876 and S6.77h respectively.
Estimated receipts for tomorrow:
Wheat, 20 cars; corn 469 cars; oats, 232s
cars: hogs, 13. 600 head
Cash quotations were as follows: Flour
was easy. No. . spring wheat, 81 100
.155k; No. 3, 81 .05Q1. IA; No. red.
81. .14h G1.17. No. corn. 461kc: No. 9
yellow, 47c; No. oats. 31ss @3lhc: No. 2
white, 32lc: No. white. 31% @32&c.
No 2 rye. 7S@7S11. Good feeding barley,
3SM 40c; fair to choice mating 44G47c
No fiaxseed. $1.27; No. 1 northwestern,
81 80. Mess pork. per brl. s12 .50912. .55.
Lard. per 100 lbs. Sc. .S0@6. S2h. Short
sides (loose). S6-60M6.75. Short clear
sides (boxed). s6.75GD6. .S71k. Whisky,
basis of high wines. s1.23 Glover, con-
tract grade. S12. S. Receipts-Flour, 30.-
500 brls; wheat. SO, 900 bu; corn. 399. 900
bu; oats. 253. 500 bu; rye. 900 bu; barley
125, 500 bu. Shipments-Flour, 1880 brls;
wheat. 3S,300 bu; corn. 315.400 bu; oats.
114,300 bu; rye. 1880 bu: barley. AZ, 900
bu. On the produce exchange today the
butter market was steady; creameries, 20
G2ec: dairies. 1S@23c. Eggs easier; at
mark. cases included, 1870; frsts, 1ec;
prime firsts, 20c; extra, 21c. Cheese firm,
126131kc.