The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-11

CHICAGO, March 10.-Business in every
hing on change today was restricted by
the forthcoming government crop report.
Wheat was weak, partly on the CUBAN STU
alton, partly on the steadily increasing con-
tract stocks, and closed 5sQAc lower. Corn
and provisions showed little change
Dullness as marked at any time during
the holiday season, marked the opening In
wheat. There was good deal of uncertainty
regarding the figures on farm reserves In
the forthcoming government crop report, ana
traders. as a consequence, were unwilling to
go deeper either way than they were already.
This feeling in fact marked throughout
the session, and the market at no time ex-
hibited any real degree of activity.
The start was easier. Liverpool cables
were disappointing. showing about SD de-
cline. News from Washington regarding the
Spanish complications was also of a more
disturbing character, and another big addi-
foin to the stocks of contract wheat at Chi
6ago reported. Chicago receipts today
were 81 cars, "a of which were contract quail
ity. besides which Il cars and 1850 Blu were
added from irregular houses, making over
100000 bu from this source in the last few
days.
With the news to hand short sellers and
weak kneed holders forced a reduction in
price from the start, July opening nc lower,
at 9011q905sc, and May Ac lower, at $1.041a.
For nearly half an hour prices kept within 1sc
radius. Then. helped by an improvement in
corn, prices which took place about that time,
and perhaps, also, by the predictions of freez-
ing weather the West and Southwest,
prices improved trife, July advanced to
SOSsc and May to Sl.O4A.
1t was but temporary, however. Though
no selling pressure of consequence developed
there was for the rest of the session almost
an entire absence of buying orders for July
and that delivery slowly but surely gravi-
tated toward a lower level. May for some
time held fairly firm, traders being apparently
afraid to sell that delivery, but the weakness
in July finally encouraged them and offer
1ngs became free enough to cause a drop to
$L4 At that price, however, Letter brokers
came in with buying orders. and no further
decline ensued.
Minneapolis and Duluth reported receipts
of 291 cars against 272 last week, and 1928 a
year ago Total primary receipts were re-
ported at 440 900 blu. Atlantic port clearances,
eral at $4,000 bu. Paris was higher, and
Antwerp unchanged.
Not much was done in the deferred fu-
tures. September was traded in to lin
Fted extent, opening 12c lower at S0Ac. 1t
Sold as high as Sic, but dropped back, and
closed at the opening figure. July finally de-
clined to 901sc, and closed at 901A99OAc
May wound up at S1.04
Corn was under the influence of the govern
men crop report. Expectations that 1t would
be of bullish nature caused some covering
by shorts early In the session, which resulted
IN a fair advance in prices. There was some
reselling later in the day with wheat Wet
weather probably affected early buying a lit
tie. May ranged from 301ac to S0Ac, and
closed &c higher, at Bose
There was only small scalpng trade in
oats, with prices keeping within Ac range,
During the morning the market showed
strength, in sympathy with corn, but lost it
later. May ranged from 271sc to 26Mc. and
closed 1sc lower, at 267sc.
Provisions were rather inactive but fairly
steady, lard having the best support Some
inclination to sell by local traders was shown
at first. but small hog receipts and the
strength of corn resulted in a better de-
mnad and an advance in prices. Everything
sold off with grain, however the close being
steady. May pork, 214c lower, at SIC. 27H:
May lard a shade higher, at S. 22k and NAV
ribs shade lower. at $5.15.
Estimated receipts Friday: Wheat, 90 cars.
head eN' H''00o
The leading futures ranged as follows.