The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-15

CHICAGO, March 14.-All the wheat flu
lures were weak today except May which had
he usual support of the Letter interests.
me extremely favorable weather and heavy
additions to the contract stocks here were
prominent factors in caus ng liquidation
which continued all day. July closed 3sa12c
trm, and showed little change at the close.
lower.
Wheat showed some strength at the OPEN
ing although it was not of very long du-
fation. Besides the favorable effect Letters
APPLICATION to the board of directors for a
both English and Continental markets showed
unlocked for strength. Liverpool opened
over, but quickly ad, anced to point above
Saturdays figures. July cl sed Saturday at
GisdS74c, opened today at S77sc.
For about fifteen or twenty minutes there
Was quite good support given by shorts and
been unloaded during last weeks decline was
apparent. July was advanced to SSc, the
influence of favorable weather, and the bear
lsh routine news began TO be felt. Seeding
and plowing was reported as progressing
rapidly in Nebraska, with conditions very
favorable in every respect.
selilns, which this started, was augmented
by the enormous addition to the contract
stocks. Chicago receipts were 145 cars, 10
Ears OF which were, of contract grade. The
mixing houses" however, contributed 1893
rars or No. l northern to the contract stocks
making in all about 200 900 blu today. North
west receipts were heavy Minneapolis and
Duluth IlI reporting 4i4 cars against $50 last
week, and $40 last year. The persiStency
with which receipts kept up in the Northwest
In spite or the reports of almost eXhauS ed
country stocks, was not at all reassuring to
longs, and an hour from the opening selling
was quite general Heavy st. Louis op srators
were conspicuous in the unloading, and al
most no support of consequence was given
the market, until about an hour from the
close, July in the meantime selling down to
b612c. At that price, there good deal of
covering. principally by local shorts, and the
EGd
September, too, suffered Glth ugh but a | m
Tied business was done in that delivery. 1t
started $sgSsc higher, at 791A@79&c. and
when July reached its lowest point, had de-
clined TO 1850. May was offered in large
quantities, the pit credfting most of the
selling to Armour, wlo was reported buy
er of choice wheat at Minneapolis. Letters
brokers' however, gave this end of the mar
ket unwaverng support and succeeded In
holding the price at s1.O4, although they had
TO absorb about 1000 blu to do so. There
was some disappointment over the small
clearances which were reported at 81, OCO bu
During the last hours trading July ad-
Vanced to SIC. but slid down to 86bc and
7S5sc "
Corn was fairly active and. notwiths anding
the wheat weakness a fairly steady mar
ket; There was a good deal of Iiqui-
dauon on the favorable weather, ard In sym
pathy with wheat, resulting in a slight de-
prices quickly recovered when the selling
felaized May ranged from 30Ac to Gee and
closed a shade higher at 3OAc
Oats were dull. During the first half hours
trading, good deal of weakness was shown
purely of a sympathetic nature. Commits,
sion houses and scalpers took part in the
liquidation. Later the market became firm
influenced by good cash demand and prices
gradually improved, the close being steady
May ranged from 26%c to 261s926Ac, and
closed unchanged at 63s@26hc
provisions were weak from the start Liauf
dation through commission houses and prin-
ciapally for outside parties was quite heavy
all day, no one attempted much support The
weakness of grain markets and uncer aintv
over the Cuban situation were the factors
At the close, May pork was 12hc lower at
E9-S21a; May lard, 5@71ac lower at s5.O71k,
and Nay ribs DC lower at s4971h@5.
Estimated receipts Tuesday: Wheat 200
ears; corn, 400 cars; oats, 275 cars; hogs. %
boo head. 49,
The leading futures ranged as follows.