The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-02

CHICAGO, April Liquidation pending
notification of crop damage reports
changed the wheat market today from
buoyancy to depression. May, after an
early rise of 1c. closed with a net de-
cline of 2sQ1ac Corn was without friends
and lost sale. Oats declined Ac. Pork
and lard left off a shade lower. Ribs are
unchanged.
The prevalence of wintry weather was
the governing influence in wheat at the
start, and, as a ruined wheat crop be-
came the leading thought, buyers were
very much in the ascendant. May opened
ssds4c higher, at from 731ec up to TAG, and
rose quickly TO 74Ac. In the meantime
July, which opened at from 7Si4c TO i5Ac,
had crawled up to 741sc. The minimum
temperatures reported from the winter
wheat sections were all below the freez-
ing point, and indications were for con-
tinued unreasonable weather.
Worlds shipments during the week
We're estimated at about 100000 or 1,000,-
0o0 in excess of the European require
ments. Chicago received ia cars and
Minneapolis and Duluth 1,0S3 cars since
Thursday. The heavy Northwest re-
ceipts and comparative weakness of the
New York market were the chief factors
on the bear side of the market. The New
York weakness was interpreted as a re-
Election Of the bearish feeling abroad.
ne WAS SuOJcClcu " fidHs
changes during the session, according as
crop damages or present abundance pre-
dominated in the minds of the specula-
tors. The crop news was generally or a
gloomy character the exception being a
report by the Modern Miller, a st. Louis
publication, which claimed that, notwith-
standing prevailing unfavorable news and
backwardness of the season, there would
be an average yield Of winter wheat.
The Atlantic mort clearanceS of yyhea 4
and flour for the day were equal in wheat
and flour to 24I, 600 blu. Western primary
market receipts since Thursday amounted
to 1,040,Ss7 bu. Toward the end of the
session the bulls lost their grip on the
market, and May, after many vicissi-
tudes, declined to 725sc 1t closed at 72Ac.
July sold twice during the day as high as
74lsc. and down to 731ac. On the next
bulge it reached 74c but dropped back
to 721ac closing at 72s4c
A good speculative business was done
in corn, but the market was exceptionally
choppy. Country offerings were said to
be increasing and the bull crowd became
disguised. Under liquidation the prices
slipped off &c from the top number
of stop-loss orders in the market accel-
Grated the decline. Receipts, 327 cars.
May opened a shade lower, at from 35al q
S57sc to &c, and declined irregularly to
341sc. 1t fuctuated between 35Isc and $3.50
for considerable time, and then got
down to S5@S51sc, at which price there
were buyers in the end
Oats were firm early. When corn broke,
however, oats followed in a half hearted
way, losing the slight advance and little
loss with it. Receipts. 81 cars May be-
gan &c up. at 267sc; sold unsparingly at
&c, then declined to 2614c, and closed at
2614@265sc.
The decline in corn had disheartenine
influence on provisions, preventing buy
ers from giving any support to the mar
ket May pork started unchanged. at
S9ls and eased off to s9.12kG9.15, the
closing price. The range in lard and ribs
was of the very narrowest kind.
Estimated receipts for Monday: Wheat,
63 cars; corn, 1856; oats, 217, and hogs 81. 0OC
head N'NN'
The leading futures ranged as follows: