The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-26

CHICAGO, March 25.-Practical re-
moval of doubt today regarding serious
injury to winter wheat forced shorts 10
cover, a series of nervous bounds taking
May wheat up 2lac from 699sUi21sc. Owing
to profit-tahng at the Improvement the
price slipped back to 7012c, closing with
net gam of l4Q$sc, as compared with yes
terday's final figures. Corn rose 14c, ana
oats left on unchanged. Pork advanced
71ac, lard 2!.Q5c and ribs &C.
The feverlsn excitement which ruled in
wheat al the close yesterday was again
In evidence today, but at the start the
bulls seemed to wdver. Instead of gen
eral demand for May at 704sc, such as at
the close Friday, there were plenty oil
sellers at from 697sc down TO 6sAc. Be
fore the bulls could get word in edge
WAYS the price slid off to 695sc The
bulls soon found their voices, however
When the bulls got through the last bar
OF their opening chorus, May wheat was
up to 70Ssc. Much milder weather and
q spread of wet snow for large section
of the winter wheat area was the chief
cause of the first decline.
Chicago received only % cars, against
159 a year ago. Minneapolis and Duluth
got 4o4 carloads, compared with $40 the
same day last year. Atlantic port clear
ances for the day were equal in wheat
and flour to 5SS 40. Reports of damage
in the Southwest received confirmation
from numerous sources, and in many IN
stances The extent of the injury reported
was sensationally heavy. A London cable
gram reported this seasons Indian wheat
crop IA per cent smaller than that OF last
year. Another cold spell was announced
to be elbowing its way down from the
Northwest. AS soon as the weather bu-
reau notice was issued, the shouting for
wheat became almost hysterical. The
noise from the bulls soon became drowned
by the alarmed screeches Of the bears,
who had been caught loaded up with
short wheat. The price of May rose If
regularly to the accompaniment of heavy
trading until 721sc was reached. That was
1%c over yesterdays closing price, and
was so tempting 10 longs that they
FASTENED to sell May reacted to 7O12c
and closed at 70$s@10$4c.
Although influenced largely by wheat,
corn embraced a good many important
features. Heavy buying by commission
houses, together with forced covering by
shorts, accelerated the advance. Receipts
We're only 119 cars, and the weather was
against any increase in farmers deliver
les, while the approach OF another cold
wave threw the time of planting back in
definitely. May started a shade lower at
S5J5Q359sc, sold sparingly at S612c, then
rose to 360361sc, and closed with sellers
at $3.50.
The excitement in wheat had little eff
feet on oats, and liberal receipts, to-
gether with general profit taking, caused
a decline from the top. May began a
shade down at 261aQ265sc, sold at 2612c,
improved to 267sc, and closed at 265sc.
Provisions showed slight weakness at
the start, but gradually firmed up on
buying by commission houses for outside
account. y good cash demand also had a
strengthening influence. Shipments of
meat for the week were liberal. May
pork opened unchanged at $91712, de-
clined 10 $40, advanced to 1925 and closed
with sellers at $9.2212. The range in lard
and ribs WAS small.
Estimated receipts for Monday: Wheat.
rs cars; corn, 1876; oats, 210; hogs, $4,000
head.
The leading futures ranged as follows:
Open High Low Clos