The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-21

CHICAGO, April 2O-Wheat today lost 11sc
of the price it held at the close yesterday, as
the result of the less strained feeling regard
ing the European war. There was only
little of the excitement which was so much
of a feature yesterday. Corn was firm and
advanced &c Oats declined Nc and pro-
visions closed without material change.
Wheat fell &c a blu, with dull thud, at
the opening, and lay squirming where 1t
dropped for a matter of fifteen minutes. May
closed yesterday at 75c and was offered for
sale, at the opening from 73Ac down to
72%c. After fuctuating for a short time be-
tween "A and 1880, it tried its hand at
little climb, but was so weak that it soon lost
its grip and came sliding down again. The
quotations for English consols were such
small fraction lower that it at once per-
ceived no fear of the Grecian-Turkish war
spreading, so as to include the great powers
of Europe, was entertained in the United
Kingdom. The market worked gradually in
the direction of still lower prices, although
some of the news of the day was rather bull
ish. Chicago received 4 carloads and shipped
130,525 Blu. Minneapolis and Duluth got only
290 cars, compared with 504 a week ago. and
800 the corresponding day Of last year. Wheat
and flour clearances from the Atlantic amount
ed to the equivalent of only 119 900 Blu. Brad
streets reported the worlds visible as hav-
Ing been reduced 2,94S, 900 bu last week. Liv-
erpool closed at an advance of only I'd from
Thursdays close. What had become of the gen
eral feeling for a while, about the price get
ting back to the Zoe mark, again changed to-
ward the close, when 1t became known that
a good cash trade done here today on the
reaction. Minneapolis miller advised sales
OF 10000 bbls Of flour acceptance of a
cabled offer to Amsterdam Holland and a
local flour broker reported English accept
ances of 2C00 sacks at Is higher than they
were willing to pay before the Easter holi-
DAYS. After May had sold as low as 72%4c and
july 74Ae, they rose under the influence Of
the good local milling demand for wheat
to the highest prices Of the day. May reached
74lac and July 73Ac with closing rates 7ozsc
for May and 1859 for July
Corn ruled firm. The demand from shorts
was the chief cause of the advance in the ar
ucIe The opening was decidedly weak with
wheat, and longs sold freely for time, but
covering became so vigorous that prices
soon advanced. Exports were 600 coo bu
May opened &c lower at 2414c, ranged between
z44Sc and 24&c, closing firm at the ton
Price Oats opened weak under liberal sell
ing and through sympathy with wheat and
quite sharp decline was recorded. Later, on
good short buying, prices rallied but the
market exhibited at no time the strength of
corn: The aggregate business was rather
small. Exports were 900 bu Nav opened
Zee lower at lie, declined to 1910 and rallied
70 1lAc, where it closed. Speculative trade
In provisions was light and of scalping char
acter. Prices dragged until wheat showed its
recovery of an cary decline occurred and
ieft prices Of pork and lard the same as yes
0erday, with ribs PFC lower. May pork closed
al $S.4I72; May lard, $4.2O May ribs, $4.721a.
Estimated receipts Wednesday: Wheat l car:
corn, rs cars; oats, 10 cars; hogs, %. 900 head
The leading futures ranged as follows: