The Saint Paul globe., 1900-05-08
TONE OF WHEAT WAS, HOWEVER,
FAIRLY STEADY, CLOSING
QUARTER LOWER
CORN AND. OATS. FOLLOWED
EEeh Showed q Loss at the Close
Of the sessi6n-C orn, Market
Ruled Dull ThroughOut-
Oats Easier.

CHICAGO May board of Trade mar
kets were duh today Wheat was de-
pressed by lower cables and heavy world s
shipments but the tone was fairly
steady, July closing Ac down. July corn
closed re lower and July oats A@2se re-
duced Provisions closed weak, from &c
to 142c down in lard to 1I12c lower in pork
Considering the. bearish tenor of the
foreign news; wheat showed considerable
Independence early, and during the SeS-
sion this spirit was buoyed up by domes-
tic news Of another sort. Cables were
lower, world s shipments heavy, Russia s
shipments increasing l ,009 600 bu for the
week. and there was a small increase on
passage. Against these were the Ohio
state report, making the crop condition
OF that state Al per cent; an assertion
that Kansas wheat was turning yellow
from too much rain, and decrease in
the visible of 2,647000 bu. The range of
prices was narrow There was a fairish
demand and talk of export sales. One
firm here reported II loads sold. A fea-
ture was the demand for July at &c Sew
eral times the market touched that figure,
but on each occasion the demand exceed
ed the supply. and slight recoveries fol-
lowed; The May-July spread at the close
was 11sc.
The seaboard reported u loads taken for
export, and clearances In wheat and flour
were equal to 247 900 bu. Minneapolis and
Duluth reported 354 cars, against 551 last
week and 3i9 year ago Local receipts
were 81 cars, 8 Of contract grade. July
opened A13sc under Saturday, at 67I1
SIC; sold between 6i4c and &c, and closed
down at 6f1sc.
The corn market was dull and lower, but
In the matter Of prices steady, following
the opening concession dictated by lower
cables ard reported freer country offer
ings. While, to all appearances, no i'm
portant long lines were thrown into the
pit. there was considerable selling by bull
hOuscs-enough to prevent a rally upon
the announcement of Visible decrease of
3.7S1 009 bu Some improvement in the
shipping demand was reported. Local re-
Ceipts We're 25S cars. July sold from 393zc
to 39Ssc and closed PC lower, at $3.50
$3.50. At the close the May-July differ
ence was Bc.
Oats were duh and easier, Influenced by
corn. At the bottom the market showed
q bit Of TaIlying spirit, on buying by ship
pers. Country offerings We're freer and
the export demand slow. Receipts here
were 1913 cars. July sold between 23126
232sc and 2Sc, and closed H@2sc down, at
23iAc
Provisions were weak. The hog market
was depressed. and long stuff in scatter
ed amounts pressed against the market,
meeting almost no support. From the
bottom there was a little recovery on
buying By packers but this was on a
small scale, and the end of the session
found the market weak July pork sod
from $ll-Se 70 $11. 50 and closed TIC under
Saturday at Su.72j2i July lard, from 81 50
to A-l5, closing 5MT18c down, at S67715.
and July ribs, from Sc 60 to Sc 521S. with
the close I0G112l2c depressed, at Sc. 521bG
6.55.
Estimates tomorrow: Wheat rs: corn.
860; oats, 300 cars; hogs, q, 900 head
The Ieading futures ranged as follows:
lOpen-i1igh-l ,ovy-l Clos