The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-14
WHEAT MARKET FOR THE WEEK
LEFT OFF STRONG AND
ACTIVE.
DAYS NET CHANGE A GAIN.
SENSATIONAL STORIES OF ILLINOIS
CROP DAMAGES HELPED OUT
THE BULLS.
EARLY SYMPTOMS OF WEAKNESS.
In the Opening Hours the Market
Seemed Disposed to Decline
Rather Than Advance.

CHICAGO, March 13.-Wheat closed the
weeks trading on the upgrade and with an
advance OF &c from yesterdays close. The
market started weak as usual, but the rather
sensational Illinois crop report strengthened
1t very suddenly. Corn and oats were firm,
but with no particular change in prices. Pro
visions advanced 21k910c.
Wheat opened with all the symptoms Of g.
decline which have become so familiar to
traders the past week. A decline at Liver
pool OF I'D per GENITAL Notwithstanding yes
terday's advance here caused this market to
open weak, and had it not been for the ILL
nots crop report, which was published today,
the market might have continued on the down
grade 1t was a great surprise to the trade
to be informed that from Is per cent to the
entire area seeded in the state had been
winter-killed, and that in many counties the
entire area seeded would be plowed up.
That started prices In the other direction
Immediately. Trades Immediately at the
start were made in May from 7212c to 725sc,
as compared with 727s@7Sc at the close FRI
day, but it was only minute or two before
731sc was being paid. The price reacted
again to 72hc, and from that reached 73Ac
on the next stretch, and after another reac-
ton to 73c, it went up to 731kc in a few swift
and lively bounds.
The weeks clearances Of wheat and flour
from both coasts, as reported by Brad
streets, were equal to 1 ,595, 482 Blu, compared
with 2,0z5. 600 blu the week before, and 2,401 600
bu the corresponding week Of the previous
year. Argentine shipments were only ZIG, 600
blu this week, compared with 1,024 900 blu the
corresponding week Of the year before. Chi
cago receipts were 10 cars, against 80 a year
ago, and Minneapolis and Duluth reported
only 100 cars, compared with cal last year.
The small receipts were ascribed to the block
AIDED conditions Of roads, and therefore did
not attract so much attention as they would
otherwise have done. Dispatches from Ne
braSka also mentioned damage to wheat in
that state from winter-killing, and the pit
was kept on the boil during the greater part
OF the short session. St. Louis was even
stronger than Chicago, indicating that more
credence was placed in the reports there than
here. New York reported four boatloads Of
wheat sold early in the session for export,
loads. Chicago sold go 600 blu for shipment
to domestic millers. The market closed
strong at 7SAQ73Ae.
Corn was firm all day. Exports were 87S,
900 blu. May opened unchanged at 242sc,
1uctuated between 24iAc and 249s@241ac, clos
ing steady at 24asc. Weekly clearances were
597, 900 blu. May opened nc higher, at 171s@
17Hc, sold to 17asc and closed at the opening
price. The session In provision was almost
q repetition of yesterdays market. At the
close May pork was lee higher, at $3.50; May
higher at $4.621 Estimates: Wheat, II
cars; corn, ITO cars; oats, 200 cars; hogs, g.,
head.
The leading futures ranged as follows: