The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-03
NAY SHOWED DECLINE

CHICAGO March decidedly bearish
scattered liquidation, and May wheat at one
tine during the session showed decline Oh
l1sc. Near the end, however, shorts became
alarmed on account of heavy export takings
end doubt as to the coTrectne 5 of the early
claims Of uninjured fal. wheat. May left off
IA net decline of sc. Corn is a shade lower,
and oats lest Ac. Pork advanced og'' ac'
ard lard &C. Ribs Closed shade higner,
All the early news was against the price
and wheat started weak. TIE weather WIS
mcst and mild. The Liverpool market was
sd over and the Price Current weekly sum
mary said the wheat plant was not injured 10
any widespread extent. Under such conoi-
items May wheat commenced $sQ12c lower, at
3q73lsc. and buyers were not numerous a'
over I2c. -,
The domestic receipts were fairly liberal,
IA ears at Chicago and 400 at Minneapolis
and Duluth. A year ago Chicago got " ana
MINNEAPOLIS and Duluth 2TS. Numerous buy
Ing orders were received from country points
in Indiana and Illinois for July wheat, and
coming. as they did, from people who were IN
a position to judge of the condition of the To-
cal rlant some local buying was also done
on the strength of it.
The market held Stubborn.y firm around
opening prices until about an hour from the
start. hut after that selling increased, and
finally after a severe struggle around I3c for
May. the bears got the upper hand and broke
The price down to 12l2c. Additional rains were
telling in California. and it was generally be-
lioved that the drought situation had been
thoroughly relieved.
Receipts at Western primary markets were
$40 coo blu. against 100000 the same Gay year
ego. Atlantic pert clearances OF wheat and
-four were equa! to 10000.
The market continued heavy, with offerings
in excess Of the demand until about twenty
minutes from the close, when, on the at
tempt of cary sellers to buy back former
holdings, the price shot up so rapidly that
little covering of short wheat could be done.
May wheat had meantime got down to I2asc,
and from that it rose to 727sc, the closing
price. The change in sentiment was brought
about by reports of forty-one boat loads, dis
posed of for export at the Atlantic coast and
doubt as to the correctness of the Price Cur
rent report of the condition of fall wheat, as
other authorities differed from Its conclu-
sons.
Corn was rather heavy. in sympathy with
wheat. Receipts We're quite moderate, but
seaboard c,earances heavier But country Of
fe-iugs showed a heavy increase and cables
were lower. May opened at 36?sG36Ac, ad,
vanced 10 1850, then declined reluctantly and
very SLOWLY to 362sc, and recovered to 36fsc
sellers at the close.
Trade in oats was small and without spe-
cial incident, fluctuations being governed en-
urely by corn and wheat Receipts, 1873
cars. May began 1sGAc lower. at 2SQ2S1sc;
declined TO 277sc and closed at Csc.
The price of provisions took quite jump at
the start when it known that the in
crease in sock meats and lard was consid-
erab.y less than had been looked for Shorts
covered freely, but when that demand had
been satisfied the market became calmer and
prices set down considerable. The frmness
with which wheat closed. however, caused
another uDturn, and the loss was parity re-
gained. The increase in local stocks COM
prised 10 COO bbls pork q. 900 tierces lard and
25S GOO lbs ribs May pork opened at 100
12lbc higher at 1855; rose to $9.57ia, then
slid off I, So. 1872, and improved to and closed
at $3.50. The range in lard and ribs was
small
Estimates for Friday: Wheat, 40 cars;
corn, 313; oats, 165; hogs. $4,000 head.
The leading futures ranged as follows