The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-06
MARKET SUMMARY.

CHICAGO April 5-Wheat closed squarely
under the zoe mark today the May option
suffering decline of nc per Blu, and July
&c the great weakness in May being caused
by changing over from that month to the
more deferred delivery. A big drop in Liver
pool caused a weak opening, and liquidation
continued almost without interruption all
day. other markets were sympathetically
weak, corn declining 1s@Ac, and provisions
211c to 15c Oats closed practically without
change.
Wheat got blow on the heart from Liver
pool when that market cabIed an opening de-
cline of lid per GENITAL. The start here under
stress Of such staggerer, was at declines,
compared with Saturdays closing price of
q to lie per blu for May, and from %@%c for
July. First quotations for the former were
from 692 q69%c, and for the latter 69M and
SOC. The lowest Of those quotations formed
the bottom of the range of the subsequent
fluctuations up to IL o'clock In addition
70 the decline at Liverpool the quantity on
ocean passage was increased 10000 blu since
a week ago, and worlds shipments show a
marked Increase over those of the week
previous the total cabled to the board of
trade aggregating over 100000, against
3,725,00 bu the week previous. This also
helped the bears in that it was far in ex-
cess of the recent average, although $500 900
blu below the estimated weekly requirements.
According to a cablegram from Beerbohm
European stocks of wheat and -four in first
hands, and the quantity on ocean passage
were together 10000 900 blu less April / than
they were March 1 of this year. The reduc-
ton in visible supplies in this country for
March were about 5000, 600 bu so that the
worlds visible lost IT, 000, 900 blu in that month
Minneapolis and Duluth received only 24O
cars of wheat, compared with S44 a week
ago, and 376 the corresponding day of last
year. Chicago got IS cars. The visible sup
ply, which was expected to show perhaps
small increase, was found to have decreased
4llOOO Blu. That helped to prevent prices
declining below the lowest of the figures
made at the opening until about half an hour
from the close when they got down into
fresh ground. May, about IS minutes from
the close, sod down to 69hQ69Ac, and July
to 6SB@69c The export clearances from
Atlantic ports of equal to $4,000 bu in wheat
and flour, since Saturdays report. did not do
much to help sustain prices in view of the
claim that it was Old business and there are
no present bids within or &c of our prices.
The closing price for May was 691h0691Lc. and
for July 6SBc
Corn was quiet and weak, Influenced by the
weakness in wheat and the more liberal re-
ceipts. The conditions were such that holders
We're disposed to sell out but prices were
Iairly steady until near the close when LIQUID
alton became pronounced. Nav Onened Xc
lower at 241sG24Ac sold to 243sc and de-
cllned to 24Ac, where it closed. Oats held re-
markedly well during the morning on a very
slnaI traoe. The backwardness of the weather
caused some anxiety among shorts and the
covering of few lines caused a slight ad-
vance which was lost later, wheat grew
weaker; The visible supply decreased 1870. 900
Blu, and seaboard clearances were ia OO0 I'm
May opened unchanged at 171sc, sold be-
tween l71sQ17Ac and 171sc, closing at 17IAc
Frovlsons opened weak and continued to de,
cline, notwithstanding a much smaller run
OF hogs than expected There was very gen
erai liquidation, packers especially being lib
eral sellers and little support was given the
pork at $500; May lard 712c lower at $4.108
EIz12; May ribs 219c lower at $45211@455.
estimates: Wheat, IA cars; corn, 1870 cars:
bats, $50 cars; hogs, II, 900 head.
The leading futures ranged as follows.