The Saint Paul globe., 1900-04-21
DROPPED NAY FOR july
FEATURE IN THE TRADING IN THE
WHEAT MARKET WAS CHANG
ING OF OPTION
CLOSE WAS AT & LOSS
FROM II Shade to Quarter on From
Closing Figures OF Previous
Day-COrn Also Closed
LOwer-0ats Weak.
CLOSE WAS AT a LOSS

CHICAGO, April 20.-The heavy Argen-
tine shipments were the chief factor in
wheat today. closing being a shade to
14c lower. Corn closed 1sQ14c down, and
oats shade TO 14c depressed. Provisions
a the close were 10Q15c down.
Wheat traders climbed into the pit at
the opening Of the session with their
views concerning the value of wheat
lowered from Il to &c. This was due to
the fact that Argentina last week shipped
9,I50.e00 bu, that cables were lower and
the weather conditions remained the fast
friend of the crop. Having given this ex-
hibItton of being awake, the speculative
trade proceeded to Slumber. For hours
in fact nearly the Whole Session-the
fluctuations were narrow as a cable slot.
On the fair face of the crop prospect
there of course remained a Wart, in the
shape Of a rather poor outlook in Michi-
gan, Ohio and Indiana, and the consid-
GRAFTON OF this matter of crop history so
affected one speculater that he covered
short line of 100000 bu. But the 9TH
ers only smiled and cheerfully sold it 20
him.
The cash business was fair, $4,000 bu
here, 5000 bu of it for direct export,
New York put the export business at 30
loads, and Philadelphia reported 50 loads
IhIs had a steadying influence, which
held to the end. The spread between May
and July widened to 112c during the aft
ernoOn, and there was considerable
and took July, while the elevators in
moderate way reversed the action.
Primary receipts were $4,000 bu, COM
pared with GOO bu last year. Minneap-
oils and Duluth reported 262 cars against
III year ago. Local receipts were AZ
cars, none Of contract grade. C1earanceS
IN wheat and flour We're equal to III, 600
bu. May opened 14@12c lower at 651s6t654c
to Coo. advanced to 65H Q653sc, and closed
14c down at 65Ac. July began the session
4sc lower at 66SsQ6612c to 663Sc, touched
65%tc and closed a shade down at 66Ac.
In corn thes nnarket largely belonged to
the scSltBerS.s Trade 1WaSss quiet and the
range narrow. The opening was from
Hc to Zee under yesterdays closing fig
ures, but the close showed a part of this
recovered. The Argentine shipments were
larger, and this. together with the good
weather and lower cables, was a factor.
Local receipts were 201 cars. The coun-
try movement was reported stilI light.
May sold between SS1sc and 3S12c, closing
?sc down at S62sc, July between 3Sc and
3ozse. closing 1sq14c depressed at 39A0
S93sc.
The provision market was weak and
lower and not active, affected by weaker
hogs, the larger corn market and Hquida-
ton which met no particular demand.
outside selling was feature. May pork
sold from $3.50 to $12.S212, closing l0c
down at $3.50; May lard ranged between
Sl:lt12 and $1:Oi12, closing 1212c depressed at
SI-lO; July from S7.2712 to $7.15, with the
close 1212915c lowers at $7.1712G37.20. May
ribs sold between $7.05 and S70715 CLOSING.
1OQ1212c down at $T.05.
Oats were weak, a matter of sympathy
with corn and wheat the fine weather
and Increased liquidation. The volume of
trade was augmented somewhat by the
decline, but not sufficiently to create any
thing like excitement. Receipts were I5l
cars. May ranged from 23Ac to 22Ac,
and closed &c lower at &c; July from
2S1sc to 21sc, closing shade lower at
23G231sc.
Estimates for tomorrow: Wheat q
cars; corn. $50 cars; oats, 145 cars; hogs,
l4,U00 head.
The leading futures ranged as follows: