The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-05-14
WHEAT RANGED LOWER
MAY CLOSED ATElA NET LOSS
OF FIFTEEN CENTS
July Went OFF Four Snd September
Two and One-Eikhth Cents Per
Bushel - Provisions Followed
Wheat With Decline of Forty
Five Cents in July Pork and Corr
responding Losses in other Lines.

CHICAGO. May REHABILITATION and short
selling today caused general decline on the
board OF trade May wheat closed at a loss
ions followed wheat with declines of 45c in
July pork and 15c per 100 lbs In lard and
orally.
Corn and oats suffered a loss of Nc on
liquidation.
Wheat opened weak at from 1Zc to SIC
lower for July than it closed yesterday. open
range from $1.05 to 81 O6K. May opened weak
at $l:60, decline Of 15c over night. Septem-
Ter dropped from nc to lie bushel at the
start, first transactions being from S9Ac to
S9kc.
Before any recovery from the opening bear-
ishness was perceivabIe, July sold down to
81 OAK, and September to $3.50.
Inc Liverpool market was remarkably
STEADY, and Argentine shipments of only
S24 COO blu. against 1892, 600 blu the week be-
FORE Wee considered a bull card but failed
OF OF erect owing to heavy. domestic receipts.
with 263, 900 bu the year before. Chicago rs-
celVea zoo cars against year ago. Min
neapolis and Duluth reported 515 cars, COM
pared with 346 last year., Seaboard clear
ances footed up 346 COO bu wheat and -four
Shorts were extremely nervous. Pit trad
ing was small, and although professionals
yeMured modest flyers on the short side,
they ran to cover on the slightest sign of
returning strength in thu. marFet. July af-
ter touching $1.04A, rallied spasmod. cally to
s1.o7, but slid off easily again when the de-
mand from shorts failed Closing cables
showed increased bull WEAKNESS abroad, wi h
dclfnes of 21s@31sd at Liverpool, 1@1hc at
Paris, and Nc at Antwerp.
July dropped listessly to $1.04, closing at
$l.04A DID, net loss of 4c May which
started at s1.50, rallied to s1.55 on Letter sue-
port, but eased off near the end to $1.4S, and
closed at $1.50 seller-a net loss of Ice.
., September started at &c lower. and closed
2Ac net lower at 8SAc sellers.
Corn was for sale in large chunks from
start to finish. Concessions were made at the
opening Of 1ac The opening business in
July was at from 3S5scl down to 1885, against
$3.50 sellers at the close Yesterday. Con-
siderable was wanted at the reduction, and
the July price rallied, to 36A @369sc but on
the continuance of sales of long corn it
dropped to %@35Mc, and closed at 35Ac
sellers, net loss of 5sc. May oats closed
with net less Of Nc July started at &c, Ac
declined to 269sc at the close, net loss of
&c.
The disposition of provisions traders was
to take profits on strong spots in the mar
ket The lowest prices were prevailing at
the close. The orening was weak at from 10c
to zoe decline in July pork, 21a@5c in lard,
and from 21sc to 71gc In July ribs. That
was succeeded by considerable upward re-
action But prices quickly receded, closing
at the lowest point of the day. July pork
ranged $11 65@12.I7, closing 45c net lower at
$l1 20; July lard, Sc: 4oG6.70, closing 15c net
lower at $3.50; July ribs. $6.10@6.30@S 80,
closing 15c net lower at $6.12
Estimated receipts for tomorrow: Wheat
29O cars; corn, $50 cars; oats, $50 cars; hogs,
10000.
The leading futures ranged as follows: