The Saint Paul globe., 1900-04-13
LOWER CABLES AND FAVORABLE
CROP OUTLOOK WE'RE THE
CAUSES
RECEIPTS LIBERAL
Corn Took That Expected Tumble,
and Great Quantities of the
Long stuff Showed-0ats
Ruled Weak.

CHICAGO, April 12.-The grain markets
were weak and only moderately active to-
day, hit by lower cables and the Iayor-
able crop outlook. Wheat closed N@Sc'
day. Provisions were irregular, May pork
and ribs closing unchangeds g sAlay,.4a lssy rq
lzS1@10e MaT wheat uPi opened Mo.sulade day
at 66A 666Bc, depressed by the increased
Argentine shipments, lower cables and ia
Yorable weather, as we'll as the neaVy
selling of yesterday. Shortly after the
opening May touched &c, but from that
on the course of the market was down
ward, with few and feeble Interruptions
The market was fairly steady up TO noon,
but thereafter the bears began nam hanln1et- at1t
ing and, as the stop loss wheat came our,
the price sank till May touched 6614c
Early there sFsas fatrs demand IN the
pit, while offerings We're not hperaf Ior
some reason, but later the situation was
reversed. Duluth reported some export
business, sand said some. encouraging
things concerning the Likelihood OF for
eigners partaking of our liberal store,
but the locals did not cheer up much
at the news. as the cash demand here
was a pany sort of thing May closed
weak, $4@7sc under yesterday at 6b12c.
Primary receipts were liberal and clear
ances moderate, Western points report
ing, receipt of 10000 bu, against 269. 900
last year, while Atlantic ports exports in
Minneapolis and Duluth received -282 ears,
compared with 467 last week, and 2l6 a
wear ago Receipts here were 81 cars,
none of which gradedy 7contraetS rNeW
York reported 10 loads taken for export.
The holiday tomorrow acted as check
on activity in wheat, as in corn and oats,
and to a degree in provisions, The sci,
ling today was mainly in small lots, and
much of the trading was done to even
up" over the holiday.
Some artistically inclined broker ex-
hibited a cartoon in the corn pit today,
showing we'll known and influential
trader dumping the coarse cereal out OF
a bag marked 100000" Some of it
came into the pit today and, together
with lots let out by others. crushed the
price back in substantial fashion,
which made the cartoon seem particular
ly apropos to the course of the day 8
market. The decline which was started
and a favorable crop outlook brought
out deal of stop loss orders. AS the de-
mand was rather slack the price descend
ed as 1t should, according to the law in
such cases made and provided. There
was bulge early which carried May up
&c, caused by open buying by recent
| liquidating long, but the gain was lost.
Receipts here were 426 cars. Country Of
ferings were reported light. May rang
ed from 39Sc to SS%c, and closed weak.
%61c lower at 1914 G997sc.
The provisions market was generally
active and strong, although May pork
showed a sagging tendency early. Hogs
were lower at the yards, grains depressed
and the packing were larger than the
previous week. all of which was not en-
cOuraging to holders. There was good
demand for lard and ribs, especially the
former, however, and they held steady,
while pork, fleeing from liquidation. nix
from that it rallied to $12.7O, helped by
covering of shorts and better demand
at the concession and closed firm and un-
changed &c ooa at $l2 s. 675S r. May lard ranged
up at 81; May ribs from $685. to S7.0211h,
with the close unchanged at ST.
Oats were weak in sympathy with wheat
state of neglect. Receipts were 1S3 cars.
The cash demand was poor May ranged
from 1bG56c to 24Ac, and closed 1z@%c
down at 24lz6243c.
Estimates tomorrow: Wheat, 40 cars;
corn. $50 cars; oats, 200 cars; hogs, q,
600 head.
! The leading futures ranged as follows: