The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-04-19
consideration. Other points in this connec
ton will be brought to their notice In a
later issue of The G OBJ
JULY A HALF OFF.
Effect of Last Weeks Liquidation
Felt In the Wheat Pit.


Felt In the Wheat Pit.
CHICAGO. April 1S.-Wheat today felt the
liquidation Of last week. The elimination Of
a large part Of the short interest and the
generally favorable crop reports had SUI
tciently depressing influence on the market
to cause closing decline in July OF &c
The coarse grain markets were strong, es-
pecially corn. which advanced kc. Oats
closed sc higher Provisions were stagnant,
and closed at practically unchanged prices.
A rather easy feeling was noticeable at
the opening in wheat But the opening weak
ness gave way to strength almost before the
market opened The big bull factor of last
week, the heavy foreign demand for grain,
was again very much in evidence, 1t being
stated that everything offered of wheat, corn,
rye and oats was accepted in the continental
markets at good prices. This resulted IN
very general buying movement, IN which st.
Louis shorts were quite prominent, and which
continued for a good half hour. AS offer
ings were small and in scattered lots, prices
advanced easily. July opened at S6%@S67sc,
or a shade under Saturdays closing price.
turn the market had advanced to S7&c.
That proved to be the high price Of the
day. Realizing on the advance became quite
heavy even before top prices were reached.
The liquidation was augmented by the figures
of the worlds shipments, $4,000 bu. These
figures showed that Europe was getting the
bulk of its wheat from other countries be-
sides America.
After the advance to S7Ac, a decline to S6a4c
followed, and for time the market was held
at a slight advance over that price. Before
1880, however, July had dropped to S6@S61sc.
Northwest receipts were light, Minneapolis
and Duluth reporting 231 cars against 271
last week and SOS year ago. Chicago re-
ceipts were 50 cars The addition to con-
tract stocks today amounted to about &C, SEQ
bu Seaboard clearances Of wheat and -four
amounted to 1926, GOO bu.
The latter end of the session was marked
by good deal Of nervousness, though prices
kept within a comparatively narrow range
The price Of July at time fell as low
as S5Ac. From there it recovered to $685.
and fell again to SEC. 1t was bringing s6Ssc
at the close. Trading was for the most part
confined to July. Very little was done either
in May or the more deferred futures
Corn was strong early in sympathy with
wheat, but after that acted independently of
the leading grain market. The market was
strong to the close July ranged from 32A
@323sc to 31Ac, and closed 1ac higher at
32Ac. Oats followed corn to some extent
ruling firm and closing higher. July ranged
from 235sc to 23A@23%c, and closed &c
higher at 1850.
Provisions exceptionally dull, and
prices during most of the session were prac-
tically at a standstill. At the close July pork
was unchanged at 80; July lard 21ac lower
at $5.22h, and July ribs 214c higher at
S.. 221a.
Estimated receipts Tuesday: Wheat us
cars; corn, AIS cars; OATS $40 cars; hogs,
600 head.
The leading futures ranged as follows: