The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-05-14
MARKET SUMMARY.

C1IICACO Nav 13.-The scarcity Oh "Aoe''
- +ba seaboard. as indicated by the pis
nren,iums which May was bringing d. i'."
vi, attracted considerable attention III Tie
local market today, and was one VI .ho
,ons for the 11sc advance IN july whioN An".
ed +he DAYS business All the otaei "''
.,a.s fe,t the strength Of wheat, corn ad-
vancipg %c. oats AQ$sc, ana PROVISIONS
about 21ac all around. Al.
JUbeot onened with some disposition IN the
crowd to buy at slight advance oVei 9Hs-
terday's close, although no reason ioi nv
rtron.th was apparent, unless 1t was the IN
auence of last nights strong cuao. ~
reason although shadowy, was sumclent W
-, I'll, ar 1so advance, 1870, and hoist
a. nm to 73ts@73a4c. Then the slump Which
IS Inevitable in view of the nature OF inc
aarIv news. occurred, the market sllolhs VI
Nv aasv stages to &c., which marked tne
obb of the tide for the day. The pearlsh
news consisted of a I'D opening decline ae
Liverpool, and another I'D decline ia'ei oA'
California kilograms said that even II all Ihe
late sown wheat was destroyed the area lert
was practically as large as the harVesleu
acreage of last year. Much neeoeo rain "es
also reported from various parts OF the
state Northwest receipts were npeFal Tue
number OF ears received at Minneapolis ana
Duluth being S13, against 35S week ago. ana
263 last year.
The rest Of the news and statlsucs was
bullish. and was instrumental in changing the
bearish feeling to bullsh one. LlVerpool
recovered I'D of the decline before that mar
ka+ closed and other continental markets
showed good advances. New York wired that
the engagements there and at out-ports yes
terday aggregated 10000 blu, and there had
been rather free acceptances today on last
nights cable orders; Boston and Baltimore
also cleared freely and 10000 blu were re-
ported taken for export. Predictions OF frost
for tonight quickened the demand consider
ably. The market showed decided strength
during the last hour, and as high at 747sc was
paid for July on a reported sale OF 30 boat
loads for export at New York and dlfnculty
there to get wheat to deliver on May con-
tracts The closing price was 741ac asked.
Corn was strong and fairly active. The
advance in wheat, small receipts and predic-
tons of frost tonight, in several Western
states, all had their effect in producing the
frmness which characterized the market
throughout. May was particularly strong.
Exports amounted to 4S2, 600 blu. July opened
a shade lower at 251sc, sold at 25@25h, then
advanced to 255sc, closing at 2512@25sc. In
oats the working of big line for shipment
was the main cause for the firmness which
existed. Trading was fairly active, but prin-
cipally of scalping nature. Exports were
1O4, coo bu July opened unchanged at 1880,
sold between Is and 1916 closing at 1890
1S1bc Outside of some buying by packers,
trading in provisions was not very active.
The market, as a rule, was firm, with wheat,
although exhibiting some opening weakness,
due to a like condition at the yards. Fluetua-
lions were confined to narrow range. At
the ciose July pork was 215c higher at $S.671s;
July lard 21ac higher at 81, and July ribs PIC
higher at $40. Estimates-Wheat, Z cars;
corn, 115 cars; oats, 160 cars; hogs, $4,000 head.
The leading futures ranged as follows: