The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-04-05
ALL GRAIN WAS Strong
DEMAND FOR CORN WAS AS HEAVY
AS THOUGH THE SUPPLY
WAS EXHAUSTING
WHEAT ALSO BREAKS RECORD
The Grain Markets Were ia a Fever
OF Excitement Throughout the
Session of Wednesday,
Provisions Higher.
WHEAT ALSO BREAKS RECORD

CHICAGO, April This was a day of
excitement on change. The trade in
ing in its enormty. The corn and pro-
visions pit were the centers of interest
but all over the floor the effect Of an
increasing demand was felt The news
generally was bulliSh, but 1t was over
shadowed by the irresistible buying few
er May wheat closed %Q1sc, May corn
lfsQ2c May oats sale and provisions
from 22l2c to 25c higher than Mondays
final figures.
May corn opened 1sa5sc over Monday
at SS049c, sold to Hl2c, the highest price
since May, 1895, and closed strong and
buoyant, lfsd2c improved, at 41$sc These
figures tell the story of a demand that
seemed to know no fulfilling. There was
ClamOr for July as well as MAY and
contrary to practice the SHIPPING bids
followed the advance. Eight loads were
sold here for direct export bit of news
ness items. There was liberal profit-tak-
ing at times, and some heaFy pocketng
or losses by shorts. 1t was expected that
offerings, which We're light early, would
be more free over 4Gc but the market
passed that figure, with its fractional ad-
d!tons, with scarcely tremor. There
seemed to be no leadership-just a big,
general scramble for corn for all sorts
Of uses. In the field of news were the
Liverpool advance, which was considered
by shorts early, news of serious damage
by floods in Argentina and the usual
light country offerings. At 41c offerings
for profit were more liberal, and the
price was crushed back TO 405sc but they
were hungrfly swallowed, and the mar
ket shot up again to 4l12c. closing short
~ after this point was touched. Local
receipts were I22 cars. Atlantic port
ciearances were 1l72,000 bu. Primary re-
celptS were 1,O60000 bu, compared with
as 900 blu q year ago.
May pork opened 25d55c over Monday
at SS@13.3O sold to $13.45, the highest
price since 1894 eased off on profit~tak-
ing to $3.50 and closed 45c improved at
$l32- Fluctuations in lard and ribs
We're less wide. May lard ranged from
$b.6'12 to 500. closing 221ac up at Sc. 20.
and May ribs from $3.50 to Sc. 921A, with
the close 271ac better at Sc .90d6. 921a AS
in corn, the session was one of great
activity. and strength. An advance in
hogs of zoe since Monday, the bullish
showing of stocks and the upward trend
OF corn were the main influences. There
was a heavy demand from commission
houses and packers. and shorts were
compelled to do deal of covering. The
trade much of the time was too large
to be intelIgently followed.
As a speculative market, wheat broke
its own record for a year, SO those in
the nit said. The trade was excited the
pit crowded but the general feeling in
the sut1ciency Of stocks TO meet all de-
mands was such that the excitement did
not approach the wildness apparent in
corn and provisions. May opened &c
higher at 6l1Rd9sc, influenced by higher
cables. reports OF damage to crops in
France. Largely under the influence of
the corn and provisions strength the
HldIheL IdlifeG ldIef TO OSt4C. line bulge
met pr01t-taking and May eased back to
6s$4c, but STEADY and closed strong, NO
7ao improved at Csc. ST. Louis and local
talent were both short and had to cover
The Northwest sold. The bears were
not without statistics to bring forward In
support of their position, but they were
swept away in the fever for buying At
lantic port Clearances in wheat and flour
We're 9G,C00 blu. all but $780, 900 blu Of it In
flour. Primary receipts were 665, COO bu
compared with $4,000 blu last year Min
neapohs and Duluth reported 374 cars,
against Al last week. and 300 a year ago
Loca: receipts were los cars, Is of con
tract grade
There wa sthe same experience in oats
as in the other markets, a general de-
mand, big enough to overshadow all else.
one hundred thousand bushels were re-
ported sold for export. The strength IN
the neghboring pits was the chief influ-
ence. The commission house buying was
mainly of July. Local receipts We're All
cars. May ranged from 245sGIto251ac, and
closed Isat1c over Monday at 25lhc July
sold from 24l5c to 259s5s251ac. closing rs
axe improved at 253sc.
Estimates tomorrow Wheat so cars;
corn. GOO cars oats, go cars; hogs, 24,Gc0
The loading futures ranged as follows:
lOpen-lH High I,OW-l Clos