The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-04-07
BEARS HAD THEIR INNING
GRAIN MARKETS WE'RE AWAY OFF
FROM CONDITIONS OF PRE-
VIOUS DAYS
CORN FOLLOWS WHEAT SLUMP
H Was Also sad for the Provisions
Market, and Much of the
Long Stuff Came Out
OF Hiding.
CORN FOLLOWS WHEAT SLUMI

CHICAGO. April 6.-The bears had their
Innings on change today. There was
heavy liquidation in both corn and pro-
visions ana selling Of wheat on the hne
weather. Oats followed corn. The grain
markets closed steady az the decline, but
provisions seemed Inclined towards weak
ness. May wheat closed 1s41Ac May corn
6sQ&4c. May oats 14Q?c under yesterday
aud provisions from &c down in ribs to
Boo lower in pork.
May wheat opened 14d1ec improved at
671s 061%sc. to Size. under the influence Of
better cables than expected, and the de-
creased Argentine shipments. For brief
time trade was fairly active and the tone
firm Not much trade developed, how
ever, the weather was excellent from a
Crop-raiser's standpoint, and the early
corn strength began to ebb. Under these
conditions, many Of the pit crowd took to
The selling side, and May relapsed to 66$sc.
The ltbeTal sWesterns receipts also cut
some figure Ia the decline. At the bot
tom, however the Shipping business
picked up "A bit, and helped by the cover
ing Of shorts, May recovered to $3.50, and
closed steady 1sg5<c under yesterday at
6624 q667sc.
~ New York reported 10 loads taken for
export. SeabOard clearances in wheat
and flour equaled 81, 600 blu. Minneapolis
and Duluth reported 4S4 cars, against 40
a year ago. Receipts here were "a cars,
five OF contract grade.
Corn began the session with vigor and
strength Cables were considered encour-
aging Receipts We're light and there was
good trade. May opened steady, but
very influential longs went into the pit
for profits Liverpool reported that corn
was being resOld at prices under Amer
lean offers and New York Joined In the
bear chorus with little stanZa to the
effect that continental bids were falling
or decidedly The liquidation which
showed the effect of these conditions
dragged May back to 395sc A rally fol-
lowed the slump shorts covering May
reacted to 40%c at which the market
closed In a steady condition 5s0zc under
yesterday. New York reported 81 loads
taken for export. Receipts here 1853 cars
1t was a sad day for pork. That article
practically lost its premium and interest
conferred only in May ribs. The market
was affected by lower prices for hogs at
the yards and by liquidation The profits
were too temptingly handsome to be fur
Their jeopardiZed and much long stuff
came out The decline brought out many
sales on stop loss orders Liverpool re-
ported another Cd rise in Cumberland cut
bacon May pork ranged from S12971b to
Sl21 and closed SOC under Yesterday ar
$l26Il2; May lard from $6.671b to Sc 60
closing 7i2c down at Sc CPL and Nav ribs
from 81 10 $500, with the close &c de-
pressed at S6.921a
The crowd in the oats pit was as large
as it was yesterday and there was fair
trade. The influence however. was corn
Under that leadership MAY opened 15c
higher al 251Ad253sc touched 2536c de-
clined to 24&9247sc, and closed steady I'm
Ssc depressed at 247sc |%S
estimates tomorrow: Wheat az, corn
$50: oats. us; hogs. 24,000
1he leading futures ranged as follows: