The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-14
EXCITEMENT IN THE PIT WAS ALL
MOST AS GREAT AS ON THE
PREVIOUS DAY
DEALERS AFTER THE PROFITS
Realizing Caused a Slump ia Prices,
but There Was Stronger Feel
ing Toward the Close, md
Losses Were Light.

CHICAGO, March 13-May corn declin-
ed shade over a cent early today, on
profit taking, but recovered on covering
by shorts, closing steady 2sGl1ac under
yesterday. Wheat was heavy, influenced
by heavy receipts and a poor speculative
demand, May closing ss@1ac down. Oats
closed 1sQ914c lower, and provisions 212l
10c depressed.
The crowd in the corn pit was much
greater than it has been at any other
time for year, not even excepting yes
terday. when the &c bulge made the
coarse cereal the cynosure of speculative
eyes. The price was controlled by two
Influences at various times-sales for
profit and covering by shorts May open
ed 3sc over yesterday at 3yAd3Sssc Then
the excitement began. Longs who had
gathered in the sheaves months ago
came into the pit and reaped their re-
WARRIOR as much OF it as they deemed
1T advisable to take at present. 1t was
estimated that many thousands of dol
lars were taken out of sales today. Mean
while May was shooting down from first
figures to 37i4c, a drop of 1@1Hc from
the opening.
At the decline the excitement abated
to a degree. and shorts wha had waited
to protect themselves against another
ascent. Under this influence, and with
the light country offerings and higher
cables in mind. May recovered gradually
to S17s6lSSc. Later the market reacted
to 3112c. where 1t steaded and closed
Ssq12c under yesterday. Liverpool was
up Id for spot and l11Ad for futures
Primary receipts We're III, 900 bushels,
compared with 900 a year ago. At
lantic port clearances were 034 900 bush
els. Local receipts were 6S4 cars, 1876 cars
under the estimates. New York reported
Il loads taken for export. Cash sales
from here were put at 10000 bushels. and
Philadelphia reported foreigners bidding
at the advance. The statistical situation
remained practically unchanged
The wheat market was quiet and rather
heavy, subordinate to corn all day. May
opened &c over yesterday at 5s66615d,
influenced by higher cables from Liver.
pool and from Paris, and with the corn
strength. The break in corn. lower late
cables and the heavy Northwest receipts,
together with profit taking by traders,
caused a reaction following the opening,
May declining from G61ac which the mar
ket touched shortly after the opening, 10
65&@657sc The close was heavy, May
Ss0l@c lower at 657sc The cash business
was encouraging, 900 bushels being
sold from here direct to Liverpool. while
New York reported 10 loads taken for ex-
port. Atlantic port clearances in wheat
and -four We're equal to 1lS00O bushels.
Primary receipts were 6S9000 bushels.
against 6S5, 900 bushels last year. Mime
apolls and Duluth reported 9S2 cars.
against $40 last week, aud GS5 a year ago.
Local receipts were SO cars, of contract
grade.
The oats market furnished the unusual
spectacle-for it-of some activity aud
strength carly, influenced by wheat and
corn. The exhibition was OF short dura-
ton, however. and with the break in
corn the market declined, and the wind
up was rather weak. Local receipts were
52S cars. May ranged from 24c to 29sl61
2S7sc and closed 1s@Ac under yesterday
at 23s4 d2SBc.
The experience in provisions VAS much
similar 10 that In corn-c0ns!derable
profit taking on one hand and covering
by shorts on the other. II was a fairly
active market apparently inclined
towards easiness. May pork ranged from
sl1.l2la 10 $1O95, and closed 19c under yes
terday at 81; May lard from $6071h to
t60212. closing 21ac lower at $S.0.IS, and
May ribs from $685. to- S. with tie close
F1&G05c depressed at SIS
Estimates for tomorrow: Wheat. AZ