The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-04-20
WHEAT DID FAIRLY WE'LL, BUT
FINALLY, LACKING SUPPORT,
CLOSED Ike LOWER
PHILLIPS BUSY WITH CORN
Under Manipulation That Cereal
Shows lie Gain--Light Hog
Receipts Sent Provisions
Up sc to 3Oc.

CHICAGO. April 19-Evidence of bull
manipulation i'll corn and a sharp reac-
elon IN pork were the features of dull
session on change today. Wheat closed
&c lower, corn Ac higher oats a shade
down and provisions from &C higher in
July lard to Sec improved in July pork
A rather brisk trade was enjoyed by
the wheat market during the first hour
largely because the news was anything
but clearly indicative one way or the
other. Argentine shipments according
to the Board Of Trade cable. were much
less than they were a year ago, but Liv-
erpool completely ignored the figures and
registered a decline The bears, with the
assistance of excellent weather and I'M
dimmed crop prospects, had the better
of the argument at the start, May OPEN
Ing 1s44c to 3s01ac lower at 703s6Ii05sc. A
report that the English weakness was
due to selling of wheat bought in anttci-
patton of an import tariff on breadStuffS
gave the bears some hope and they sue
ceeded in working a rally to 707s01c
during the first hour. During this period
there had been some outside interest in
the market, but 1t was soon withdrawn
and even the local trade became dull.
Lacking support, May gradually worked
back to 7O12c. There was practically no
demand for export, clearanceS were only
moderate and receipts comparatively
large The corn strength caused some
covering during the afternoon and May
reacted to 707s and closed fairly steady,
14c under yesterday at 70a4@707sc Elk
pprterS reported II loads taken. Seaboard
Ci6VIdHCeS III wheat ana hour were equal
TO $4,000 bu, while primary receipts ag-
gregated 991 600 bu, compared with 374,0OO
bu last year. Local receipts were 81 cars
hone of contract grade. Minneapolis and
Duluth reported 275 cars, against 1SS cars
last week and 262 cars year ago. Ar
gentine shipments were 744,000 bu COM
pared with 3, 426, 900 blu year ago. From
the spring wheat states came tidingS Of
seeding progressing under favorable con-
ditionS.
Corn. displayed considerable frmness,
hut this seemed to be based chiefly on
the aggressive attitude of the bull lead
er, who is credited with controlling the
May option The weather was more IA
NoraDle to planting, cables were lower
and the crowd at the start was inclined
TO SELL One commission house let about
1,WaO0O bu, but 1t was taken by the bull
leader and by the shorts. Aside from this
support little corn was wanted. May sold
between 4334Qc and 443sc, and closed at
1-3c higher at H@441ac July sold at &c
Receipts, 4S cars, 81 cars of contract
grade
Oats were dull and easier on better
weather reports. May sold at 25b025Ac
and closed 1zc down. Receipts were 10
ears.
Provisions were fairly active. The mar
ket opened firm on light hog receipts and
somewhat higher at the stock yards. The
demand was mostly for pork and the
advances subsequent to the opening was
due largely to profit-taking by shorts
and investment bidding by those who
thought reaction was due. July pork
soc higher at $1457; July lard between
S.9712QS and los, closing &c up at IS. 021a.
and July ribs between $3.50 and 81. 971d,
with the close 5@715c improved at $795
@7e71A.
The estimated receipts for tomorrow
are: Wheat, 30 cars; corn, 120 cars; oats
2il cars, and 1400o head of hogs.
The leading futures ranged as follows: