The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-15
MARKET SUMMARY.

CHICAGO, April 14.-Wheat was weak at
the start today and strong at the finish, clos
ing with 1ac advance good export bust
ness was responsible for the rally. Corn and
oats trailed along after wheat, but did not
have SO much vitality, oats closing un-
changed and corn shade lower. Provisions
declined 214@10c.
Wheat spectators were rather at a loss
which way to turn at the opening today.
Right at the start the tone firm, and
some of the early transactions were at the
close last night, the strength being due to the
unexpected action Of the Liverpool market,
which was I'D to I'D higher, notwithstand-
ing the drop of 1Ac here yesterday. This
brought momentary rush Of buying orders,
and for short time the feeling seemed firm.
But the trade soon began to suspect manipu
lation abroad and the buyers got more eau
tious. Then came rumors of the failure of
Barney Barnato, the great Kafhr stock op-
orator of London and South Africa, and, in
anticipation of a possible business panic
abroad, the speculative feeling turned bear
fish, The reported failure, however, was not
confirmed Perhaps the principal bear factor
was the fair weather West Reports of rain
day by day have finally made even some of
the bears apprehensive, and when at last the
sun did break through the clouds, it gave
the bears renewed courage. ST. Louis a
heavy seller in this market Northwest re-
ceipts were much lighter, Minneapolis and
Duluth getting 293 cars against 504 the day
before, 263 a week ago and $40 vast year.
Liverpool opened at from I'D to I'd per
GENITAL higher. The export business which
New York confirmed as having been done
yesterday amounted to 100000 bu, and within
hour after the beginning of today's ses
sion Is boatloads of fresh business was
ported. Duluth advised sales made there
yesterday of 900 blu, and Of 8 boatloads
more today. May wheat, which closed yes
terday at 673s0671kc opened with sellers and
sales at from 6714 to 673sc, and in the course
of half an hour the price had receded to 66A
G667sc 1t started up from the latter point,
and, through much opposition, forcer its
way, very little at a time, until 1t got to
6SAc, just at the close.
The improvement in the weather started
corn weaker, the market remaining in that
condition all morning An improvement
started on the smaller receipts estimated for
tomorrow, the rally being helped by the
late strength of wheat and nearly all the
early loss was recovered. Export clearances
were reported at 44l 900 blu. May started at
23AQ23Bc, dropped to 231sc and rallied to
23Ac where it closed. Oats started weak
on the clear weather, which was assisted by
disposition among shorts to sell. Later on
in the day sympathy with wheat and better
buying generally caused a reaction, and at
the close values were just where they start
ed A good business was transacted. Elk
ports amounted to 10000 bu. May opened a
shade lower at 169sG161ac, declined to 1916
and closed at 1910 bid. Provisions were
dull and easier, with business confined to
local traders. The opening was lower on the
weak hog market, and further declines en-
sued. Some rally occurred late in the day
in sympathy with the grain markets. At the
close May pork was $S.2712; May lard &c low
er at 81. 1904 .171a, and May ribs shade lower
at 81 6215 Estimates-Wheat, cars; corn
IS cars; oats 145 cars: hogs, 5000 head.
The leading futures ranged as follows: