The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-23
CLOSING PRICE WAS AT HALF A
CENT UNDER THAT OF PRE-
VIOUS DAY
FEELING IN PIT BEARIsH
Dizziness characterized the Days
Trading, and Prices Conse-
quently SagSed-COrn Mar
ket Barely Steady.

CHICAGO, March 22-May wheat closed
today hc under Yesterday, depressed by
heavy receipts, the mild weather and low
er cables. May corn closed 15014c and
May oats a shade lower. There was a
sharp cash demand for provisions. and
considerable covering by shorts, the mar
ket closing strong. May pork, 25GQ2712c;
May lard, 712Qi0c, and May ribs, l12WlOc
improved from yesterday.
Feeling in the wheat pit was bearish,
and trade most Of the session far from
lively. May opened Zee under yesterday
at 657sQ66c, and sold off to 651@Q65{sc
during the first hour, influenced by the
heavy Northwest receipts, lower cables
and the mild weather. Crop conditions in
the Central states were reported unfavor-
able, but excellent in the. West; Some
long wheat came out on the decline. but
this was absorbed in sufficient quantities
around the bottom to steady the market
and together with reports Of a fair cash
The market, however, was not strong
enough to hold this, and shortly after
wards the price of May was at 659sc. At
this junUture some large local shorts saw
fit to cover, but the market rallied only
to G53sGi65s4c, at Which it closed In what
was considered a rather weak condition,
12C under yesterday.
at 100000 bu, 5000 bu of it for export.
New York reported y loads taken for eX-
port Seaboard clearances in wheat and
flour were equal to $4,000 blu; primary re-
ceiDtS were 25SG00 bu, compared with no.
600 blu last. year. Minneapolis and Du
luth reported 703 cars, against 562 last
week and 426 a year ago. Local receipts
were 80 cars, none of contract grade.
The corn market was barely steady,
weak occasionally,and at one time showed
some strength. The changes were large
ly due to the shifts III opinion as to what
a certain large trader was doing. Early
it was assumed that he was selling July,
and accordingly lesser folk followed suit.
but later the ''bell'' trader bought open
ly, and the market, assisted by q report
that there was a good export demand.
New York having $50 loads, reacted to a
level with yesterdays close. The pro-
visions strength, too was of some as
siStance, but nevertheless the bulge was
lost. Aside from these factors, the in
fiuence of the wheat weakness, lower ca
bles and somewhat freer country accept
ances was felt Clearances were GA, 900
bu. Local receipts were 1926 cars, and al
primary Western points 657, 900 bu. May
opened at 36BM37c, sold between 36Ac
day at 361sQ37c.
The trade in oats was small and the
pit much neglected. Corn was the prin-
oipal influence. The cash demand was
cars. May ranged, from 237sc to 24c, and
closed a shade under yesterday at E4c.
The provisions market was strong and
fairly active. The opening was at a gain
influence Of higher prices at the yards
| being felt During the session there was
| a sharp cash demand, against which all
| the packers were buyers of futures.
Shorts covered freely. May pork sold
from $l1.4O TO $11,7O, and. closed 25G271ac
| over yesterday at S11 COOL. 621a May
lard from $6121& to $6.171a. closing 71S6GI0c
up at $615Gt6.1742, and May ribs from Sc 20
| to $6271SlC6. 80, with the close 71a@10c i'm
proved at $6.2212Q625.
Estimates tomorrow: Wheat "a; corn,
/ 400: oats, POS; hogs, u 900.
The leading futures ranged as follows: