The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-21
WHEN THE STUFF CAME OUT,
HOWEVER, THERE WAS A SUD-
DEN FALLING OFF
TWO THIRTY-CENT D.
DROPS
Gain of Fifty Cents at the Outset
Was Thus More Than Wiped
Out-Wheat Dull, but
Fairly Steady.

CHICAGO, March pa bulge OF SOC in
the price of May pork, the result of a
small panic among shorts In that article,
was the feature of trading on change
today. The advance was due to fear OF a
corner and the short stock, and the mar
ket reacted quicker than it had risen
when the stuff once began to come on
the market May pork closed 21bc low
was dull. but fairly steady, helped by a
better foreign demand, and closed 1sQGKc
higher. Corn declined &c and oats closed
a shade lower. A belief was prevalent
that all the markets were being manipu-
lated by clique OF scalpers.
Early trading in wheat was marked
by considerable liquidation; Cables Were
lower at the opening, and continued to
decline, which, with the continued large
large receipts In the Northwest and the
absence of foreign demand. left the mar
opened unchanged at 6S3sG6S1&c. Pres
sure to- liqutdate, which soon became
quite general. forced the price back TO
661sc Below this price. however, the
shortly before IL o'clock a good demand
sprang up, local shorts and outsiders Civ
Ing support to the market and advancing
the price to 663sc. This demand satisfied,
the market again relapsed into a condi-
ton of heaviness, with the price fuctuat-
ing within a narrow range.
During During the last a,o,h hours Of trading
decreased 1,S2S,00o bushels, which was
more than expected. This stiffened the
market appreciabiy, and when the sea-
board reported an improved foreign de-
mand, buying became quite brisk, the
May price reaching the best point Of the
day, 665sc. The market closed steady at
that price. Chicago receipts were sixty
four cars. Minneapolis and Duluth re-
ceipts We're ISL cars, compared with 932
last week and 1863 a year ago. Total pri-
mary receipts were $1,000 bushels Clear
ances from Atlantic and Gulf ports
amounted to 414,GOO bushels. The seaboard
reported thirty loads taken for export.
while 10000 bushels were sold here for
shipment. Chicago contract stocks de-
creased $4,000 bushels for the week
Corn was dull and inclined to weakness,
prices ruling a little lower all day. News
was not OF character to materially in
huence prices, and the market was ap-
parently controlled by scalpers Country
offerings were reported a little more lib
eral. The shipping demand was only
moderate. Receipts We're 603 cars May
ed Ac lower at 3TAc.
Trading in oats showed no indications
OF recovering from its present condition
of almost utter stagnation. Specula tive
business was Insignificant and prices
kept within the usual narrow range The
feeling was rather heavy, In sympathy
with corn. RECEIPTS We're SI5 cars May
a shade lower at 24c.
Provisions were active, the market at
times being in a semi-panicky condition
81 Adl Ao pOth was concerned, and the
price of that commodity covered a wide
range; Small stocks Of pork. the con
ttnued advance In the price of hogs and
rear that corner might be ATTEMPTED
brought strong buying movement short
ly after the opening, and is the price
went skyward. shorts turbled over them
selves in their eagerness to cover. The
price advanced SOC in very few min
utes. Then offerings became liberal and
| the market fell great deal faster than
| 1t had advanced. soc being clipped off the
| advance in about two minutes Later
another selling furry chopped off SOC
! more, but before the close confidence had
| been restored, and the price had again
| advanced to about yesterdays closing fig-
| ures. Late in the session there was con-
| siderable selling pressure put on lard and
| ribs, and these commodities suffered in
! consequence, pork also weakening some
| what. The close was rather nervous
with May pork 2tac lower at S11. 40; Man
| lard nc lower at $6.05 and Nav ribs IN
| 715c lower at $50.
| Estimates for Wednesday: Wheat. 3.
| cars; corn, 25o cars; oats, 125 cars; hogs
| 90 900 head.
! The leading futures ranged as follows