The Saint Paul globe., 1897-03-15
AN Up GRADE CLOSE
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 3sc from yesterdays close. The
market started weak as usual, but the rather
sensational Illinois crop report strengthened
it very suddenly. Corn and oats were firm,
but with no particular change in prices. Pro-
visions advanced 21aG10c.
Wheat opened with all the symptoms Of
decline which have become so familiar to
traders the past week. A decline at Liver
pool of 12d per GENITAL, notwithstanding yes
terday's advance here caused this market to
open weak, and had 1t not been for the Illi-
nois crop report, which was published today,
the market might have continued on the down
grade. 1t was great surprise to the trade
to be informed that from Is per cent to the
entire area seeded in the state had been
interkilled, 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 723sc,
as compared with 727s@73c at the close Fri
day, but it was only a minute two before
731sc being paid. The price reacted
again to 7212c, and from that reached 73Ac
on the next stretch, and after another reac-
tion to 73c, it went up to 731ac in few swift
and lively bounds.
The weeks clearances of wheat and flour
from both coasts, as reported by Brad
streets, were equal to 1886, ,482 bu, compared
with 2,075, 900 bu the week before, and 2,4O1 O00
bu the corresponding week of the previous
year. Argentine shipments were only 216, 900
bu this week, compared with 1924, 900 bu the
corresponding week of the year before. Chi
cago receipts were 19 cars, against 80 year
ago, and Minneapolis and Duluth reported
only 109 cars, compared with SAL 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 inter-killing, and the pit
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,
and afterwards increased the number to seven
loads. Chicago sold 90,0 900 bu for shipment
to domestic milIers. The market closed
strong at 73A@733sc.
Corn was firm all day Exports were S73,
000 bu. May opened unchanged at 24asc,
huctuated between 2414c and 243sQ2412c, clos
ing steady at 243sc. Weekly clearances were
597 0O0 bu. May opened 1sc higher, at 171s0
price. The session in provision was almost
a repetition of yesterdays market. At the
close May pork was 10c higher, at $3.50; May
lard PFC higher, at $4.25, and May ribs sc
higher at $4621a Estimates: Wheat, II
cars; corn, 10 cars; OATS 200 cars; hogs, 29,-
head.
The leading futures ranged as follows: