The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-03-20
WHEAT HELD IT'S OWN MOST OF
THE SESSION, LOSING A
NET Life
GOOD TRADE IN PROVISIONS
RunoFed Corner in May Pork Sent
the Price-Up 81 I-2c, Other Fu-
lures Also GRininS-COrn
and Oats Depressed.

CHICAGO. March Batter holding
steady most of the day. the wheat mar
ket towards the end of todays session
broke on liquidation and closed Ac under
yesterday. Corn closed shade lower,
and oats at a like decline. Provisions
We're active, May pork touching the
highest price in months and closing 371ac
higher. May lard closed 2Q5c, and May
May wheat ruled fairly active. The
opening was 1sc higher to rec lower at
l6l@c to 76Ac. and in a few minutes SELL
ing by scattered longs sent the market to
161sc The steadinesS at Liverpool in the
face of the decline here yesterday, to-
gether with moderate Northwest re-
eeipts. were factors tending to support
prices, and at the decline there was a
fair demand, while offerings became
light. May gradually worked up to 7615c
during the forenoon, and later rallied an
additional &c Primary receipts were
heavy, while the cash demand was slack.
and as a result longs unloaded. Bears
also became more confident in their oper-
ations and May near the end of the
session broke sharply to 76G761ac, and
closed weak. lie lower at 1859. Sea-
board clearances- were $4,000 bu. Pri-
mary receipts we're $4,000 bu, compared
with $4,000 year ago. Local receipts
were 121 cars, four of contract grade,
While Minneapolis and Duluth reported
3S7 cars, against 1853 last week and 716 the
corresponding day a year ago. Rains
were reported in Oklahoma and parts of
Kansas.
Unsettled weather. light contract re-
ceiptS, and the provisions. strength,
were factors which gave the corn mar
ket an undertone of strength. The
close showed, however, q. moderate re
sPenssst o tn e break In wheat May sold
Ebetweeli 1870 and Aasc, ard closed a
shads down at 1856. Receipts we're 1872
cars p OF contract grade. July ruled q
shade down at 4lS>c. Receipts were 49,
better demand than the nearer future.
Trade IN oats was of a scalping charac-
ter; May Sold between 251sc and Csc.
and closed shade lower at 25@25Bc.
Receipts were 224 cars.
The provisions market was the most
interesting one on the floor by reason
of the strength and activity Of pork and
the May delivery. These runors have
been floating around for the better part
of month, dying out only to be revived
again. Two influential operators, one of
them packer, were said TO have secur-
ed control of the market. The short
interest in May pork represents approx
nIately 10000 BARRELS while contract
stocks are but 10000 barrels, and a good
part of these stocks are owned by the
men said to be in the deal to squeeze
shorts. The light hog receipts and con-
tinued good. cash demand combined to
alarm the short interest today; and May
pork, having opened 1GGt20c higher at St6
@16.10, was bid. up by shorts to s1S. 35,
the highest price in many months
Profit taking. sent the market down to
$500 but it recovered sharply to SIG. 321h,
and closed strong, 371Ac higher at SIG. 2715.
May lard sold between $3.50 and 81 IS.
ana closed 212Q5c up at 81 .S0@7. S21a, and
May ribs between 81 65 and go, with the
close 7l2c better at $7.6211a.
Wheat. 40 cars; corn, 22O cars; oats, 2eG
cars; hogs, $500 head.
The leading futures ranged as follows;