The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1905-03-08
SURPRISINGLY WEAK
LIVERPOOL CABLES
May Breaks Two Cents and
Receivers Half Deferred
Options Very Weak

CHICAGO. March Favorable weather
for the growth Of the fan sown crop was
tne prime factor in an extremely weak
s mneae MARKET mere today At the close
GOWN &c Corn and oats were affect
60 py the weakness of wheat. May corn
closing with net loss of A6hc Oats,
sc. Provisions are of PIC to TIC.
Wheat
AT the opening the wheat market show
ed considerable weakness. MAY being off
sc TO &c. at sl-14Z to s1.15k July
sy;ns0 down IN "a sc, at e77sc to ssEe. Sen
I'm linen. IN the pit was generally bearish.
the majority OF traders being on the
selling side The initial decline was due
partly to a slump OF I'd at Liverpool.
Inc Inc Weakness weakness abroad. however. was OF
Weather throughout the winter wheat sec
ton OF the United States was extremely
favorable to the development of the new
crop, rise In temperature accompanied
by rains being reported from many To-
caiities- The Kentucky crop report fur
nlsneo basis OF comparison from which
be appropriated. The result of this com
parison was exceedingly bearish Accord
Ing to the report the condition of winter
wheat IN Kentucky on March l was 81
against 81 last December. A year ago the
Kentucky average on the crop was 81.
IN addition 10 the selling by pit traders
c1lnhisslon houses had numerous supplies
which caused increased weakness as
trading advanced. After selling at S1.15h
shortly after the opening. Nav GRADUALLY
declined until the price touched s1.13%.
on covering by shorts. but July was
heavy the entire day. A factor that tend
ed 10 create some demand for May was a
report by a local crop statistician giving
a builish estimate on the amount OF wheat
In farmers hands. The statistics given
by this expert makes the reserves the
smallest In eight years for this time of
year The market closed weak with May
at Sl.l4ss. July closed at $500.
CIearances OF wheat and flour were
equal to $1,000 blu, Primary receipts were
Minneapolis. Duluth and Chicago reported
receipts of 2S4 cars against 436 cars last
week and BIG cars year ago.
Corn
During the first part of the session the
corn market was active and strong The
than expected. Weather also was a bull
lsh factor. rains being a drawback to the
free movement of the crop. Weakness of
wheat, however. counteTacted these infiu-
ehces ana made corn weak late in the
nay. Large primary receipts also caused
selling. Estimate in farmers hands ere
ated additional weakness May opened a
shade TO ia &c higher. at 4SZc to 4S5kc.
sold between 475sc and 4Sssc and closed at
4i1sc. Local receipts were ass cars with
three of contract grade.
Oats
A decidedly weak feeling developed in
the oats market and values declined quite
Sharply on selling by a prominent COM
mission house. Liberal receipts and weak
ness OF wheat We're the main factors
May opened unchanged to &c lower, at
SZsc TO 32Ac, sold between 31%c and
SZ7sc and closed at 31$c- Local receipts
We're 273 cars.
Provisions
Weakness of grains had a depressing
erect on provisions. AT the opening the
market was comparatively firm as a re-
suit OF smaller receipts of hogs than ex-
pected The decline in grains caused
some liquidation. and an easy tone soon
developed AT the close May pork was of
Ihc. at $12.72h. Lard was down 2h65c,
at 1860 I97h. Ribs were 21kc lower, at
Estimated receipts for tomorrow:
cars; hogs. $4,000 head
Cash quotations were as follows: Flour
steady. No. . spring wheat, SLIGO
LA No 3. N.05g1-14; No. 2 red.
yellow. islzc. NO NO o Satn Size sHEs NO NO
white. 321k@33hc; No. white. 32G33c
No. rye, 1875 11S1zc. Good feeding bar
ley, 40q41c; fair TO choice mailing. 44@
western. s13Slk. Prime timothy seed.
$S.00@3.10. Mess pork, per brl. s12.e5G
12.7O, Lard, per 100 lbs. s692k 95
Short ribs sides Qoosel. s6.75@6.s73z.
Whisky. basis of highwlnes. I23 Clover.
contract grade. s12.s5. Receipts-Flour,
10000 brls; wheat, $4,000 blu; corn. sos. 100
gu; oats, Az. 500 blu; rye. 1000 bu; barley.
161, 700 Blu. Shipments-Flour 80 400 brls:
wheat. 441oO bu; corn. 34s. 600 blu: oats.
Si'oOO bu; rye. 5000 blu; barley, 10000 bu
On the produce exchange today the butter
market was decidedly weak; creameries.
ga 2Sc; diaries. 21@25c Eggs-Easy: at
mark. cases included 1sGi9bc: firsts,
1S13c; prime firsts. 201sc; extras, 22c.
Cheese-Firm; 12G13kc.