The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-03-26
ROWLY ESCAPED IN THE CHI
CAGO PIT.
MAY SOLD OFF A QUARTER.
THE EXTREME DULLNESS LARGELY
RESPONSIBLE FOR THE SMALL
DECLINE.
NEWS HAD A BULLIsH TENDENCY
In the Absence of Demand Statistics
Failed to Hold Prices Even at
n Level.

CHICAGO, March 25.-This came nearly be-
ing the dullest day on record on change.
Bears made what capital they could out of
foreign demand and that with the extreme
dullness of trade, resulted In a Nc decline in
wheat Corn and oats closed a shade lower.
ProVi"inns closed unchanged to 212c lower.
Liverpool and Berlin sent lower quotations
for wheat at the opening, and the weather
favorable for the growing crop. North
west receipts were fairly liberal and there
no futter in the political wid-beast show
in Europe. Under such u combination. an
easier tone at the opening was to be ex-
pected. May, which closed at 727sG73c on the
day before, opened with plenty of sellers at
72Ac, and some at 725sc. 1t soon became ru-
mored that $50 900 blu of wheat had been sold
yesterday in Duluth for export at the open
ing of navigation, and that helped to arrest
the downward tendency. The prevalence Of
crop damage reports was, however, large
element in turning sentiment a little in ia
vor of confidence in prices. The Price Cur
rent came out Nth more toldness in its
review of the crop situation, calling the re-
ports from Illinois more gloomy, and said
also that there considerable complaint
from Indiana and Missouri. Somewhat more
active demand for wheat to go to interior
mi!lers helped to confirm the better impress
and the price gradually recovered to a shade
over 73c, after about an hours trading. After
that rally, however, prices gradually sagged
again. Trade very dull, duller in fact
than any of the dull days Of late, and, though
as can be seen, the news had bullish ten
dency, not sufficient demand existed to even
hold prices level. Minneapolis and Duluth
receipts were 313 cars against 2O5 a week ago,
and 47G the corresponding lay Of last year.
Chicago receipts were cars, against 10 the
similar day of the year Def re. Clearances
from the principal Atlantic ports of wheat
and hour were again very light the total
equalling IT'S, 600 blu. Closing cables reported
the Liverpool decline for the day I'D per
Genital, and Berlin ~ marks lower. Wheat
sagged to 721A@725sc, and selling at 725s
@72%c at the close
Corn was almost at a standstilf throughout
the entire session, the limit of he fuctuation
being bare &c. The dizziness of trade and
the weakness Of wheat neutraliZed the effect
of light receipts, and large export clearances,
which today amounted to $4,000 Blu, and kept
prices a shade under yesterdays figures. May
opened at 241R@245sc, sold at 2412c, and closed
steady at the opening price. Oats expert
enced another dull session, interest in the
market being fully as scant as yesterday.
Local longs showed some disposition to sell
early in the day, but it did not influence
prices to any degree. Seaboard clearances
were 1863, OGO blu. May opened at 17B@17Ac,
sold at 17@171sc, and closed at 171sc. Pro-
visions held firm at some advance during the
greater part of the session, Influenced by
another small run of hogs. In the last fifteen
minutes the packers made drive at the mar
ket and fairly knocked it off its pins, all the
early advance being lost. At the close May
pork was $S.75; May lard ,$4.25; May ribs,
$4.6715 Estimates: Wheat, 16 cars; corn,
rs cars; oats 40 cars; hogs, 5000 head.
The leading futures ranged as follows: