The Saint Paul globe., 1900-04-03
WHEAT Strong AL DAY
CLOSE WAS AT THREE-FOURTHS
OF A CENT OVER PRICES OF
PRECEDING DAY
CORN ALSO CLOSED HIGHER
Market for Corn Began the Session
With a Squirt of Activity and
Strength, which Was
Maintained.


CHICAGO, April 2.-The corn market
was active and strong today. Helped by
the heavy export demand and light Of
terings. and prices scared to the record
Tor this season, May closing &c over Sat-
urday. The strength of corn during the
scale In favor of higher prices in the
wheat pit which otherwise was afflicted
with statistics Of two sorts, May closing
%s09yc higher. Provisions closed 5G714c
TO i5c improved, and May oats M@1lc up.
The market for corn began the session
with a squirt of activity and strength
which was not reduced through the day
The reduction in the Liverpool stocks was
about the only item in the statistical
array which excited consideration. Other
heavy. export demand and the very light
country acceptances. Shipping sales for
the day were put at 10000 bu, ell but
100. e004of which was sold for direct ex-
port The Visible supply increased 447.-
900 bu, but that makes only 21 552, 600 bV
IN comparison with 81, 737, 900 q year ago
Primary receipts were S29 900 bu, against
S96,uU0 Il year ago. Receipts here were 3e2
cars. Atlantic port clearances were 705.-
O0 bu. Shorts covered freely throughout
the day. May opened Ac over Saturday
at SS3s4Ssc. and advanced to S912c, the
top price this season. closing &c over
Saturday at 39ss6l3912c
Wheat should have declined, according
20 the views OF the exports on change,
kept modestly In the background, and
both the visible and the amount OH pas
sage increased. Liverpool was merely
steady, and domestic reports were favor
able to the we'll being of the crop. On
the other hand, the bulls banked on the
reports of cold weather in various parts
of Europe, the reduction in shipments
from Russia last week; the story Of in
1Uries 10 wheat in stock In Argentina,
by the heavy rains, and the official Iudia
crop report. showing low percentage for
the different important grain provinces.
The strength of corn naturally reinforced
the bull position, and SO the market went
u1.
There was a good commission house
demand. the reason for which was some
thing of mystery. and shorts were
made uncomfortable by the course of the
market. The seaboard was relatively
strong, the Northwest relatively weak
New ork reported the days export bust
ness at 10 loads. Clearances in wheat and
flour were equal to $4,000 bu. Primary re-
cetpts we're $4,000 bu, compared with S92 =
00V last year. Minneapolis and Duluth re-
ported G6Y cars. against 731 last week and
sol a year ago. Local receipts were so
cars, two Of contract grade May opened
Nq2sc up at 67Q6I1sc, and advanced early
70 Gi3sc. From that point the bears forced
the price down to 66isc. The India crop
report came towards the end and was
influential in the reaction which had al
ready begun, and May rallied to 672s671ac
The bulge met prodt-taling, and Nav
reacted to 671sc closing 9sqhc higher at
G11sG6714c
The provisions market was strong ana
active, in spite of liberal proflt-taking
The strength of corn, the buying of hogs.
as well as product, by an influential pack
er. and also buying by sold-out bulls,
We're influences to which the strength
was attributed. One firm took in 15 600
0erces of lard at practically one price.
The cash demand was good May pork
ranged from $3.50 to si2S2h and closed
100 over Saturday at $12T5 Nav lard
from So 45 to $3.50, closing at Sc. .471S,
and May ribs from $6.57Ia to $667ih, with
the close 56t71sc up at $6.621hd665.
oats We're hrm, helped unquestionaI1ly
by corn. Country offerings were small.
although the supply in the West is beIiev-.
ed TO be large. Spring work is impend-
ing, but the country roads are reported
Ia bad condition Receipts here were
"a cars. May ranged from 24ssc to 245sc,
and closed 1s91zc oEer Saturday at 24i%I1
247gc.
Estimates tomorrow: Wheat, p ears:
cern. 600 cars; oats. Sl5 cars; hogs, 26,
The leading futures ranged as follows: